Tag Archives: Planning
Looking at figures released by the US Small Business Association in 2011, it is interesting to note that according to its surveys, 30% of small businesses will not survive their first two years in business. Even more alarming is that only 50% will make it past the five-year mark! These statistics look much better than other (unsubstantiated) ones that have been circulating in recent years, but it is still disturbingly high.
The main reasons cited for failure include:…
Most business owners will agree that having to deal with late- or non-payment is one of the least exciting aspects of being in your own business. Unfortunately for most of us, outstanding payments can happen at any time, with any clients – even those that used to be ideal clients at some stage.
Failure to effectively deal with non-paying clients can potentially lead to the failure of your business as a whole – SO, how can it be prevented and what is the best way to deal with non-paying clients or customers?
In essence, I’m a corporate refugee. After a thrilling and very busy corporate career of more than 12 years, I started-up my ‘own thing” a few years ago. As an independent business consultant, coach and business owner, I’m following my passion to help other businesses and executives become more successful – and yes, I continue to do work for selected corporate clients, but on my terms. Life as a business owner has been interesting to say the least, but there are a number of things I wish I knew when I started out on my own – things would have been easier if I did! Here are 10 things I wish I knew when I started my business….
Let me share my list (some things I knew of, but never realised the importance