We all can benefit from good sound advice, especially when it comes to owning and operating a business. According to Bloomberg, it is a fact that 80 percent of businesses don’t survive the first 18 months. Simply put, they run out of cash. With all that you’ve invested in opening a business, why would you not want to do all that you can to insure its success?
The beauty of living in America is that entrepreneurship is at the heart of a thriving economy. That dream of you owning your own business really does matter in more ways than one. However, to realize the best return on your investment, my advice to entrepreneurs, as well as seasoned business owners is to seek small business counseling.
For starters, small business counseling is where you can get all your questions answered. The United States Small Business Administration (SBA) is the safety net for helping business owners get through the process of opening, establishing and expanding businesses. By linking with the SBA, all your business needs are met for FREE! So what are you waiting for?
Go today to the closest Small Business Development Center (SBDC). There you’ll find one-stop business shopping through a number of small business counseling programs that the SBA has developed with the small business owner in mind.
The SBA, working in conjunction with SCORE’s “Counselors to America’s Small Business,” will advise you on everything from developing a sound business plan to credit counseling and more.
It’s as simple as going online and getting your questions answered at www.score.org, or accessing one-on-one mentoring. SCORE also provides online workshops and webinars.
Indeed, you will be surprised by the number of resourceful programs that can aid you in making the right business decisions. These tried and tested programs, include the Business Ownership and Entrepreneur Education program as well as the Small Business Training Network. Once enrolled, you will be better armed with information to help you avoid becoming a statistic of that 80% failure rate.
Many business owners don’t know their own shortcomings. You might think your idea is great, but that idea may have come and gone. It could be a declining market for the business you are in. With the rapid advance of technology your idea might need to be refashioned. That’s where small business counseling is effective. The counselors are knowledgeable of such trends and will advise you accordingly.
Small business counseling can also assist with helping you grow your business. Or, if you’re a woman, the SBDC can direct you to the Women’s Business Centers (WBCs) that can lead you to grant funding that is specific to women in business. With more women joining the entrepreneur ranks, the WBCs were developed to give women equal opportunities in the world of business.
Certainly, your business is your baby. There is nothing more painstaking than opening a business, but there is nothing more gratifying than watching your business flourish. Owning a business has many rewards and making it successful will most certainly give you a sense of pride.
Always remember good advice can go a long way!