Whilst often hear that 90% of small businesses fail, but what about the 10% that succeed? What are they doing right in the early stages?
Small businesses are often referred to as the engine room of the Australian economy. They are typically defined as having 19 or fewer employees, while micro businesses have 4 or fewer. I mention this to clarify where your business currently stands.
Key factors that hold businesses back from achieving success include poor budgeting, burning through cash too fast, inadequate research, failing to define a clear target market, lack of a solid business plan, and hiring employees too quickly in the early stages.
If you aim to be part of the 10% of successful business owners, do you have the right framework and support in place?
If you’re just starting out and want to learn more, feel free to schedule a complimentary 30-minute discovery call with me, and I’ll highlight how I can add value to your business through coaching.
Simply go to my website and schedule that discovery call
