Business is really very simple if you know what to do, yet I have found that most business owners make it far more difficult than it needs to be. In their desire to make their business a success, I’ve seen business owners work harder and harder doing the same things they’ve always done—and hoping for different results. That doesn’t work.
Statistics paint a grim picture of the chances to succeed in business. Only 5 percent of all businesses ever do more than a million dollars in gross revenue per year. Only .004 percent of businesses do more than $5 million in gross revenue per year, and only .0006 percent of businesses do more than $10 million in revenue. And the life span of a business is even more dismal. After one year, 50 percent of all businesses fail. By the fifth year, another 80 percent of those businesses have failed; and by year ten, 96 percent of all small businesses have gone out of business— and that doesn’t mean that the 4 percent that are left are making money.
The message to business owners is clear: You can’t leave your business success to chance or luck. Furthermore, what got you to your current point most likely will not get you where you want to go.
To beat the odds, you have to take control of your business and learn the necessary skills to grow and sustain your business. You didn’t go into business to just get by, but if you’re not proactive about ensuring your success, then just getting by or failure will be the end result.
If you really want to take your business to a new level and ensure your competitive advantage, profitability, and success, you need to learn and master the steps to sustainable business growth and acceleration. Your learning can never stop, and you must continually seek to upgrade your skill sets and capabilities.
The secret to success in business is mastering the little things that can make significant differences in your business. It’s the little things done consistently over time that add up to great success. If you want to grow your business, it starts with you.
This is about understanding some of the foundational steps necessary to building a strong business that can achieve the success you have always dreamed of. Every building has a foundation, and if the foundation is not strong, the building will fall. Fortunately, you can shore up the foundation of your business.
For more information on how to create a successful business and improve your leadership skills in 2023, reach out to me at 503-312-3145 or email me at garyfurr@garyfurrconsulting.com
You can also visit our website at http://www.garyfurr@garyfurrconsulting.com
Listen to my podcast Turning Complexity into Simplicity®
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