Why Do Most New & Existing Businesses Fail?

As a business advisor, consultant, instructor, and accountant I have worked with small business owners for over twenty –five years and have seen everything. First of all let us describe what does the U.S. government call small business. According to them it is a business that employs up to 500 people. When we think of small business we think of the mom and pop store. New government statistics say that 85% of all Americans are employed by businesses that have less than 50 employees. The small business is alive and well. However, not all people should be in their own business even though it is the American dream. Why do I say that, look at the high failure rate. Over 90% of all new business owners fail in the first year and after year one only 20% of the 10% make it to five years.

Our product the Winning Start will educate you if you should be in business. It will also give you the tools if you have a marketable product or service to be successful. The reason why the high failure rate is that most people do not understand business ownership. They might have a good product or service but must also deal with the 15-20 other hats the owner must wear. Most small business owners never plan with capitol for new startup costs and problems. In the cd’s I discuss all these hats and the capitol required to be successful.

Our product also addresses the existing business owner who has survived the first five years and beyond. Almost all existing business owners were never trained properly on all aspects of business and our product is a great training tool to make them more successful.

Many existing business owners fall into many traps and this is discussed in depth. As and existing owner you must be constantly changing and keeping up with market conditions or you will find yourself becoming a failure as well. Hiring and managing the right people who are creative will help you maintain that edge in the market.