Achieving Entrepreneurial Success: Why Small Businesses Often Fail & How to Fix It

According to the Bureau of Labor Statistics, only 25% of new small businesses succeed beyond their first 15 years.

Small business meeting

Why?

Only 9% of business owners actually studied and have a degree in business. Entrepreneurs have to use their ingenuity and intuition to figure out how to navigate the market.

But this isn't the problem. What's the real reason that small businesses fail?

Small business owners and entrepreneurs (especially founders) often hesitate to ask for help when faced with a problem. They're doers and go-getters, so they naturally want to be the ones to find and provide the solution.

That's where it can go badly. The business landscape is complicated and complex, especially now with larger generational divides, changing consumer preferences, and rapidly advancing technology. In addition to industry knowledge, successful business growth requires effective strategy, marketing, and leadership.

So how can small businesses find success?

For most businesses, regardless of size, thriving in today's economy demands a mindset shift. For small businesses, this can be as simple as asking for help and taking advantage of available resources to equip you with the tools you need to succeed.

That's where I come in. I want to help you grow your business and develop it for long-term success.

If you're interested in learning how I can help your business be a part of the 25% who thrive beyond 15 years, click the button below.

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