Starting a small business is risky. They frequently fail. They often eat all of their owners time.
The infographic below highlights some interesting information about small businesses and why they either thrive or dive.
Notice the top reason for failure: lack of experience. Many entrepreneurs start a business with a few superb skills that they can use to deliver value to their clients. What they typically lack is the experience and knowledge of how to build a business around those skills.
A number of the reasons for failure can be tracked to ineffective marketing and sales. If a business isn’t selling, it isn’t going to last.
Check out the infographic below, its eye-opening. While these are big problems, fortunately, the solution isn’t inaccessible.
The free handbook on the right will help you if marketing is a challenge. Given that revenue is often the leading problem for a small business, I’ve decided to give these handbooks away to help small business owners with their marketing!
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What I love about this infographic and the picture of doom and gloom it portrays is that it is easy to avoid.
Click here to learn more about how you can ensure that you and your small business aren’t on the wrong side of these statistics!
I’ve helped everybody from the White House through brand new businesses reach their goals!