What You are Facing as a Business Owner
Dear Business Owner, Let's talk candidly.I received an email message recently highlighting what business people are up against. Here are the facts of what you're facing as a business owner. Fact: Only 6 percent of U.S. based businesses gross morethan $5 million per year in sales. (Source: U.S. Census Bureau) Fact: 85.1 percent of companies in the U.S. still require the owner to be there as the primary person responsible for core functions like producing their product or service, managing the day-to-day business, and managing the financial aspects of the business. (Source: U.S. Census Bureau) Fact: The average privately held company in U.S. only grew by 5.4% in 2013. What's even worse, for those companies with sales under $10 million, the average company only grew by 4%. (Source: Sageworks) Fact: The average small business owner works 52 hours a week and 57% of them work six days a week, and more than 20% work SEVEN days a week! (Source: Wells Fargo/Gallup Small Business...
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