First, it should be noted there are no specific rule(s) that if followed will ensure success!   Generally, “success” does not come easily, nor does it come suddenly to most of us. It seems to be elusive and frequently just around the next bend. To a certain degree, success is just a matter of self-perception.  Regardless of what guidance is offered by the latest “how-to” … [More]

According to the Small Business Administration, 20% of small businesses fail in the first year, 50% fail within five years, and only 33% make it to 10 years or longer. Although businesses fail for various reasons, here are three common reasons why so many businesses fail (and how to avoid them). It Takes Money to Make Money Starting a business can be costly. There can be … [More]

Between The Great Resignation and a changing economy, more people are considering new career options and some are striking out on their own. While a high percentage are starting businesses, others are buying into established franchises, becoming “franchisees'' as they start off with one business unit and perhaps invest in more as they find success. The next phase, which is … [More]

Ask successful entrepreneurs if, had they known everything they knew now back when they first started, would they continue, and you’d get a good number say no. The road of entrepreneurship is paved in disappointments, heartaches, loneliness and stress. Twenty percent of businesses fail their first year, and 50% do not make it to five years. However, every year more than 1 … [More]