START
Igniting Your Vision
START
Igniting Your Vision
Starting a small business requires integrating strategic planning, resource allocation, and market understanding. Transforming your idea into a market offering is a critical time that lays the foundation for your business’s future. During this phase, you are fleshing out your business idea to establish a viable business model, conducting initial market research to understand your target audience, setting up the legal framework for your business, and developing your initial product or service. But you don’t need to do it alone.
START-UP STATISTICS
Success Rate
%
of new businesses fail during the first two years.
%
during the first ten years.
Funding
%
of small businesses rely on personal savings for their initial funds.
Scaling
%
of start-ups manage to move from small to medium business size, signifying the difficulty in scaling operations successfully.
Sources:
U.S. Bureau of Labor Statistics, Business Employment Dynamics
CBInsights, The Top 20 Reasons Startups Fail
THE QUESTION
Do you have an Action Plan to Start Your Business?
Begin charting your path to a successful start. Don’t let your Business be part of these statistics.
Take the NEXT STEP. Click HERE to take the Free Starting Your Business Assessment and Get Your Score Instantly.
