Key Speaker
          Michael Miller
Director of Business Development
          BizCentral USA

          Administrator
  ...
• Introduction to the top reasons small businesses
 fail
• The current state of entrepreneurs & small
 businesses
• Charac...
This Year I’m
  Going to….
   Start a
     Business
• Americans dream of
  owning their own business
  for variety of reasons:
   Pride of ownership
   Flexibility
   Tax ...
Only 44% New
    1/3 of of New
50% of Businesses
  go Businesses in
   Businesses do
     “Belly-up”
  not MakeYear
   the...
A Head for
     Business                     Confidence



                                         Goal Setter
   Desire ...
• Build a Solid Capital Structure

   Keep Strict Money Records

   Set Aside Seed Money

   Evaluate Want vs. Need
• Consider location in regard to:
      Customers

      Suppliers

      Employees

      Government regulations.

• ...
• Learn how to market cost-effectively and time-
  effectively.
• Target your marketing efforts with intense research.
• C...
•   Keep your friends close, but your enemies closer!
       Know their promotions and special offers
       Know about ...
YOU MUST HAVE A
 BUSINESS PLAN!
Top Reasons Small Businesses Fail
Top Reasons Small Businesses Fail
Top Reasons Small Businesses Fail
Top Reasons Small Businesses Fail
Top Reasons Small Businesses Fail
Top Reasons Small Businesses Fail
Upcoming SlideShare
Loading in...5
×

Top Reasons Small Businesses Fail

1,583
-1

Published on

In this 1 hour webinar hosted by BizCentral USA, we take a look at the top reasons small businesses fail and how to avoid these dire mistakes! For more information, please visit: http://bizcentralusa.com/start_business.php

Published in: Business, News & Politics
0 Comments
5 Likes
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total Views
1,583
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
75
Comments
0
Likes
5
Embeds 0
No embeds

No notes for slide

Top Reasons Small Businesses Fail

  1. 1. Key Speaker Michael Miller Director of Business Development BizCentral USA Administrator Nicole Roach Marketing Coordinator HBIF Meeting 12-09 BizCentral USA
  2. 2. • Introduction to the top reasons small businesses fail • The current state of entrepreneurs & small businesses • Characteristics that can make or break any entrepreneur • The top 5 reasons for small business failure & how to avoid those dire mistakes
  3. 3. This Year I’m Going to…. Start a Business
  4. 4. • Americans dream of owning their own business for variety of reasons:  Pride of ownership  Flexibility  Tax breaks  Prove people wrong  Personal development  Money
  5. 5. Only 44% New 1/3 of of New 50% of Businesses go Businesses in Businesses do “Belly-up” not MakeYear the First upPast Survive it to theFour Years Second Year
  6. 6. A Head for Business Confidence Goal Setter Desire for Responsibility Joe Entrepreneur Organization Good Money Skills Manager Competitive Risk Taker Nature
  7. 7. • Build a Solid Capital Structure  Keep Strict Money Records  Set Aside Seed Money  Evaluate Want vs. Need
  8. 8. • Consider location in regard to:  Customers  Suppliers  Employees  Government regulations. • The selected site SHOULD meet the business’ needs.
  9. 9. • Learn how to market cost-effectively and time- effectively. • Target your marketing efforts with intense research. • Create a marketing plan with a budget. • Excel at customer service – Word of Mouth is one of the strongest marketing tools! • Focus on the 4 P’s
  10. 10. • Keep your friends close, but your enemies closer!  Know their promotions and special offers  Know about updates they make to their website and new communication methods they are using. • Create your unique selling proposition and push it.  Emphasize your USP in your promotions and marketing.  It is your USP that will attract prospects to your business rather than your competition.
  11. 11. YOU MUST HAVE A BUSINESS PLAN!
  1. A particular slide catching your eye?

    Clipping is a handy way to collect important slides you want to go back to later.

×