The Odds of Success

Did you know that 20% of small businesses fail within their first year and 45% fail before their fifth year in business? Labor statistics estimate that only 25% of small businesses survive past 15 years.

Why is this?

According to the U.S. Census Bureau’s Annual Survey of Entrepreneurs, about 25% of small business owners are forced to close their doors yearly due to low sales volume and low cash flow.

Don’t despair.

Focus on your business, attracting and creating loyal customers. Work on building a brand following both online and offline. Invest in your employees or yourself. listen to your customers, learn everything you can about them, focus on what you are doing, do research and keep on working on your dream and the mission you set forth with your business.