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Pro Tips for Running a Successful Business

For example, in the United States roughly 9% of businesses both new and old close each year. On the flip side, only 8% are opened. We're losing more than we're gaining for the first time since those statistics have been tracked, and the crossover coincided with the recession of 2007-2009. According to the U.S. Census Bureau, the overall number of business applications began to recover in late 2009 and has been trending up for the past ten years. That's good. But, the census data shows the number of planned wages (WBA) and high-propensity (HBA) business applications have not shown the same level of bounce-back. That's not so good. The failure rate for new businesses is somewhere around half, with about 50% calling it quits after the first five years. Not a great stat, but it does mean…
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Top Business Tips for Starting a Business That Will Succeed

Starting a business for the first time and worried about failure? Give your new enterprise the best chance of success with these top business tips, the best advice I've collated from other entrepreneurs and developed from my own experience of more than 20 years of having "been there and done that" as a small business person. 1) Be Passionate You don't have to love whatever your business is about (and probably shouldn't), but you do have to be fired up about it. You're going to devote a lot of time and energy to starting a business and building it into a successful enterprise, so it's really important that you truly deeply enjoy what you do, whether it be running fishing charters, creating pottery, or providing financial advice. 2) Start While…
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