Episode 77: Setting up your business for success
Most people are surprised to learn that in 2021, the number of small businesses in the US reached 32.5 million, making up nearly all (99.9 percent) US businesses. The U.S. Small Business Administration defines a small business as “a privately owned corporation, partnership, or sole proprietorship that has 500 or fewer employees, usually, they have less than 50. We tend to agree with the website Lumen’s definition which defines a small business by the owner which is “an individual who creates, organizes, and manages an enterprise with considerable initiative (and usually shouldering considerable risk alongside it)”. So what does this all mean you might be wondering? What this indicates is that small businesses are vital because they make up the infrastructure of our economy and usually ride on the backs of their sole owners. This is why it is so important you as a small business owner are successful, especially knowing that in the first few years 1 out of every 2 businesses that open, closes.
In this episode, you will discover:
• The 3 basic things every owner should be doing weekly.
• What every business plan should include.
• The one thing that only the owner of a business can do.
Celebrated photographer Chris Grosser once profoundly said “Opportunities don’t happen. You create them.” Which non-ironically was a few years after starting a 7-figure photography company at the age of 18, while simultaneously studying business and marketing at the University of South Florida. You see Chris understood, that the owner is responsible for “setting goals and thinking about the future” because no one else will. The only person authentically motivated enough to grow your company is you; if you are not setting aside the time to do that, you might as well as grab a “going out of business sign”. Join us this week as we show you how to organize your time for success, so you can start taking action towards your dreams and future today.
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