WHAT’S AILING

Identifying the Source of Slow Growth

YOUR SMALL BUSINESS?

46% 30% 11% 1%

Business Failures are now out pacing new startups

It’s time for a check-up

Incompetence No ManagerialExperience

Inexperience withproduct/service

NaturalDisaster

Here are the most common symptoms affecting underperforming business owners today:

Could you be DEAD WRONG on why your business is failing

1. Feeble Planning

Symptoms: No plan for growth, Complacency, Lack of vision

Cure: Create and share an actionable plan for growth complete with measurable goals, benchmarks and practices you wish to see.

2. Tired Marketing Efforts

Symptoms: No marketing budget, Using untargeted ads, Not measuring results.

Cure: Grow beyond your business’ core customer base by allocating the time and resources for creating, implementing and tracking a targeted marketing campaign.

3. Debilitating Time Management

Symptoms: 60+ hour work weeks, Falling behind on work, Focusing on unimportant tasks

Cure: Every business owner must learn how to delegate tasks and know when to ask for help. Create a task calendar to help you prioritize your time.

4. Nauseating Accounting Practices

Symptoms: Unorganized books, Not reviewing expense reports, Not keeping track of receipts

Cure: Accurate bookkeeping is one of the most important aspects of running a business. If you find that you can’t devote the proper time to it, hire someone that can.

5. Wrong Thinking Leadership Skills

Symptoms: Stubbornness, Insecure decision making, Lack of focus

Cure: If you FInd yourself questioning your leadership abilities, consider consulting with a professional business coach.

Knowing and treating the causes of these symptoms can not only help your ailing business recover, but can keep it healthy and ready to grow.

BEAT THE ODDS

http://www.statisticbrain.com/startup-failure-by-industry/http://www.forbes.com/sites/jasonnazar/2013/09/09/16-surprising-statistics-about-small-businesses/http://www.bls.gov/bdm/entrepreneurship/bdm_chart3.htmU.S. Census Bureau Business Dynamics Statistics

Diagnosing why small business owners fail

470,000BUSINESSES DIE EACH

YEAR IN THE US

400,000NEW BUSINESSES ARE

BORN YEARLY IN THE US