What small business is doing well in this economy?
What small business is doing well in this economy?
Most of them and the family owned ones, are way down, many in the red and many folded. What small businesses are still in the black. My background is engineering but I do NOT have a PE cert and don’t plan to.
If you know a business that is doing well, please list it. Thanks.
July 9, 2009 2 Comments
What small business is doing well in this economy?
What small business is doing well in this economy?
Most of them and the family owned ones, are way down, many in the red and many folded. What small businesses are still in the black. My background is engineering but I do NOT have a PE cert and don't plan to.
If you know a business that is doing well, please list it. Thanks.
June 25, 2009 1 Comment
How to become a successful small business owner?
I heard that there are number of downsides being small business owner. Besides having to work long hrs and be constantly worried about your business and the competitors nearby, there is a high risk of going bankrupt. I was told that 80% of small businesses go bankrupt within its first 2 years. Sure, you make a lot of money if your firm becomes successful, but it seems there are many hurdles before reaching that state.
Knowing that, is it worth the risk starting your own small business for people with not much entreprenurial experience? What are the characteristics of people who own successful small business?
June 3, 2009 3 Comments
Over 60% of small businesses fail due to a lack of planning and execution of a business plan.?
Over 60% of small businesses fail due to a lack of planning and execution of a business plan. When businesses are so small it is rare to have an HR manager, because of that training and follow-up is non-existent. Who would be accountable and how could management implement a training routine to make it beneficial and cost effective?
May 10, 2009 3 Comments

