Welcome to SABiz Consulting, where you can get all the help you need to successfully start your own business.
Every year in the United States there are an estimated 500,000 new businesses that open their doors. Of these, approximately 100,000 or even more may expect to disappear in the first year. Another 100,000 would be expected to close down in another 2 years. After 5 years only somewhere around 125,000 businesses would remain.
However, research suggests that of the remaining 125,000 businesses, around 80,000 of them would either be losing money or just breaking even.
So, statistically speaking, successfully starting any new business is going to be tough.
There are so many pitfalls and traps, things will change half way through- some will be your fault, some won’t, some will be within your control to fix, some won’t be. The odds will be stacked against you for sure but there are tools and techniques to help you improve those odds of launching a successful business.
Starting a successful new business is being in the top 10% of new business registered. That is defined as a business that operates steadily over time and consistently make a profit. Nothing less is good enough.
If this is what you want for your new business, help is at hand.
Startup failure or success can be affected by many possible events, however most are traceable to failures, errors and omissions that we can, in the most part, avoid doing if we try hard enough.
My startup system concentrates on a set of startup steps that, if done well, can significantly improve your chances of being successful.
These steps make sure you:
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do effective business planning;
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conduct extensive business research;
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get relevant business knowledge;
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get related business experience;
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learn how to manage business risks;
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learn how to manage business systems and products.
More about the causes for startup failure can be read
here.
A comprehensive list of small business startup and industry statistics can also be found here.