According to data from the U.S. Bureau of Labor Statistics, about 20% of U.S. small businesses fail within the first year. By the end of their fifth year, roughly 50% have faltered. After 10 years, only around a third of businesses have survived. This failure rate remains consistent despite environmental or political factors. Here are …
Through the Community Navigator Pilot Program, SBA is engaging with states, local governments, SBA resource partners, and other organizations in targeted outreach for small businesses in underserved communities. The program offers funding to nonprofits, state and local governments, universities, and tribal entities to partner with SBA at the center of a hub and spoke network. These hubs then support spoke organizations – trusted, culturally knowledgeable local groups and individuals – who will …
Identify, Prioritize, and Act! March 29th, 6 pm. In this interactive workshop, we will identify 1-3 of the most important focus areas in your business and develop an action plan to execute immediately. Registration is required.https://www.eventbrite.com/e/identify-prioritize-and-act-improve-your-business-in-30-minutes-tickets-277147504647 Predictable Success. April 7th, 11:30 am. At this luncheon, Rick Slark, who is the founder and owner of Slark …
There are two ways to become superior in your industry the first is excelling in operational effectiveness, and the second is strategic positioning. Operational Effectiveness. In every industry, there are standards and best practices. A company must continually get better at those best practices to become superior. “To get better at getting better.” The CEO’s …
I often hear business owners say their strategy is to be the best in their industry! While I understand the sentiment, it is dead wrong! There is no best. “Being the Best” is a losing strategy. Actually, it is not a strategy at all. It is a best practice and lives in the realm of …
Faster than a speeding bullet! More powerful than a locomotive! Able to leap tall buildings at a single bound!” “Look! Up in the sky!” “It’s a bird!” “It’s a plane!” “It’s change during the pandemic!” Everything is changing! No one questions that. So, with this rapid speed of change, some small business owners are asking …
4 keys to business planning success during the pandemic. Read More »
Customers are the lifeblood of any small business! But, of course, every owner knows that. Don’t be so sure. My consulting experience reveals a percentage of small businesses treat the customer as a bother. Their motto is “Business would be awesome if it weren’t for the customer.” A business with this culture is easily spotted …
3 Reasons Every Customer is Crucial To Your Business Read More »
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