Small Business Operations PDF Print E-mail

WHY DO MANY SMALL BUSINESSES STRUGGLE?

According to the Small Business Administration, two-thirds of new businesses survive for at least two years, and only 44 percent survive at least four years.  Why some businesses fail and why some succeed is a matter of debate, although there are some common mistakes that can sink a business in no time.  Talent Blueprint will help give you a fighting chance by taking care to avoid these fatal errors:

OVEREXPANSION

POOR CAPITAL STRUCTURE

OVERSPENDING

LACK OF RESERVE FUNDS

BAD BUSINESS LOCATION

POOR EXECUTION AND INTERNAL CONTROLS

INADEQUATE BUSINESS PLAN

FAILURE TO CHANGE WITH THE TIMES

INEFFECTIVE MARKETING AND SELF-PROMOTION

UNDERESTIMATING THE COMPETITION

 


TALENT BLUEPRINT’S SMALL BUSINESS MODEL  

 

There are many reasons one may be interested in starting their own business, entrepreneurship is very much alive and growing, even in a tough economy.  In order to be successful, consider the following as you walk through our model.  Place your mouse over each of the nine following boxes for more information.

 

business

 

1. WHY
 

2. WHAT
 

3. 10 Traits of Successful Entrepreneurs
 

4. Research
 

5. Business Plan
 

6. Capital Funding
 

7. Execute The Plan
 

8. Revisit and Revise
 

9. People Are Your Greatest Asset