Having achieved number 10 in Forbes ‘Best countries for Business 2015’, it sounds like the UK is a good place to be!
Regardless of your location, starting or growing a small business can be a daunting task.
Small business success in 2016
So what’s in store for small businesses as we head into the New Year?
The team at SsB are all in agreement…More!
- More opportunities
- More small business start ups
- More small business tools
- More success
But don’t small businesses have a high failure rate?
You will read countless accounts of how most small businesses will fail in the first 2 to 5 years. However, data can be read in a number of ways and when you dig into the statistics it makes for a much more positive outlook.
When taking into consideration an entrepreneur’s experience, industry sectors and more there are some areas which have exceedingly high success rates. Just have a read of Ryan Jorden’s article on ‘What are the real small business success rates’.
No experience, no go?
We are certainly not suggesting that with little or no experience your venture is doomed to failure, far from it in fact. With the huge array of small business tools and resources available, what you don’t know can easily be learned.
The blueprint for small business success
Having operated a small business for over 5 years and researched many industries and opportunities, one thing is clear. A blueprint for success doesn’t exist. However, there are a few traits of successful entrepreneurs that can be adopted by all – regardless of the size of your business.
We will be exploring more of these habits and principles in our posts throughout January and February. To keep up to date simply signup for our newsletter below.