What’s Killing Your Business?

REALITY CHECK:

• Over 30% of start-ups fail within the first 2 years.
• Over 50% of small businesses close within 5 years.
• Of those, owners consider 70% failures.

We talk to entrepreneurs and small business owners all the time and hear the same things over and over. Sure, the stories may differ, but what lies at the heart of their troubles is so consistently the same it’s astounding.

Here are a few of the most common issues. If any sound familiar, you don’t have to contact us to help you turn things around and put you on the path to success—But, you need to get in touch with someone, and soon. Otherwise, before you know it, it may be too late, and your business might not survive the very real odds stacked against it.

”My work contacts provided me with my clients when I started out, but they won’t sustain me much longer. Now I’m scrambling like crazy to network and willing to take any job I can no matter the size or the fee just to prove myself with new customers.”

“You’re asking me, ‘What’s my profit margin?’, and all I’m thinking is, ‘Profit? What profit?’ If I can pay my bills each month, it’s a miracle. And I don’t even want to think about how much I owe on my credit cards.”

“I can usually get prospects to agree to meet with me to discuss how I can help them, or let me send them a proposal. But, somewhere between there and signing on the dotted line I lose them, and I just don’t know what happens.”
“Maybe my prices are too high or my packaging or tagline communicates the wrong message. Different keywords for my online ads could do the trick, or I maybe I should invest more in my social media strategy or get a celebrity endorsement.”

What’s the biggest issue your business is facing? Feel free to leave a comment or contact us to get some free support.