Does your vision for your business match what you see happening on a daily basis? Jim White's Circle of Success® radio brings it all together. Get the inside story on how to create innovative leaders from one corner of your company to the other, get everyone on your team contributing to the bottom line, keep building revenue even when the economy and your customers have flat-lined, and more. We’ll discuss and share leadership lessons, inspiring entrepreneurial interviews, business communication and contract negotiation, as well as feeling personally rewarded to revving up cash flow. There are no theories here. I show you what works and how to make it work for you.
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The Land Mines of Business Failure and How to Avoid Them
When you're starting a new business, the last thing you want to focus on is failure. But if you address the common reasons for failure up front, you'll be much less likely to fall victim to them yourself. According to statistics published by the Small Business Administration (SBA), seven out of ten new employer establishments survive at least two years and 51 percent survive at least five years. This is a far cry from the previous long-held belief that 50 percent of businesses fail in the first year and 95 percent fail within five years. Better success rates notwithstanding, a significant percentage of new businesses do fail. Expert opinions abound about what a business owner should and shouldn't do to keep a new business afloat in the perilous waters of the entrepreneurial sea. There are, however, key factors that -- if not avoided -- will be certain to weigh down a business and possibly sink it forevermore.