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THIS ISSUE...
According to a recent study by the SBA Office of Advocacy, two-thirds of new-employer businesses survive at least two years, and 44 percent survive at least four years. There are no guarantees for longevity or profitability when you’re in business, but as Helen Keller observed, “Security is mostly superstition…” There are, however, ways to stack the odds in your favor when you first start out and as you look to expand.
This month, we talk about how to grow your company with Project Management (“Small Business, Big Growth” and the October Know How Network) and how to spot the pitfalls that can sabotage your business (“Avoid These Small Business Pitfalls”). With a solid business plan like the one you can develop in Building Your Consulting Practice, you can step out on your own with a strong foundation. Don’t let the dangers and risks completely deter you, because as Helen also observed, “Life is either a daring adventure, or nothing.”
Michelle LaBrosse, PMP, Chief
Cheetah |
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The most
attractive
aspect of
staring my
own business
is....
According to the SBA Office of Advocacy’s August 2007 report, small firms represent 99.7 percent of all employer firms, employ about half of all private sector employees, have generated 60 to 80 percent of net new jobs annually over the last decade, hire 40 percent of high-tech workers (such as scientists, engineers, and computer workers) and are 52 percent home-based and 2 percent franchises. So click on the link above and tell us what you think would be the most attractive aspect of starting your own business. |
Projects are the lifeblood of all businesses
– large and small. Small businesses, though,
are especially vulnerable to the problems of
poor Project Management because they have
fewer resources. To be a more successful
small business owner, you have to be a
successful project manager.
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