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How Free Business Training Can Help Your Small Business Stay in the Game

Have you had dreams of starting a business or are you a small business owner just beginning? Here are just a few facts about small businesses in the United States. According to the Small Business Administration, or SBA, small businesses make up 99.7% of employer firms. Furthermore, the SBA states that half of all new businesses are still in existence after five years. Approximately one-third of new businesses will exist for 10 years or more. These statistics show the likelihood of a small business surviving can increase as the firm ages. How can you improve your business’s chances of survival? Get all the training you can.  There is even free business training seminars available that is geared toward the small business, designed to equip you with the tools to help you succeed.

Starting a Business Is Possible

Thinking of starting a business?  Have an idea or hobby you are passionate about?  Don’t know where to begin? This can be a scary process. There are steps you can take to get started on the right path. First, put your ideas on paper. Next, seek professional assistance with free business training. Talking with a professional can point you in the right direction and answer many questions you may have.

Develop a business plan. This is a statement that clearly states your business goals, why you believe they are attainable and what your plan is for attaining those goals. Research the market. Make sure the demand is out there for the service or product you want to provide. The government may offer grants to start a small business. Again, research and see what’s out there. That may be all that stands between making your dream of becoming a business owner a reality.

Why So Many Small Businesses Fail

There are tons of articles written each year with various experts voicing their opinions of why small businesses fail. One factor most of the lists have in common is a lack of preparation or an inadequate business plan.  Of course, there are other factors that come into play that affect a business’s success rate. However, preparation and training are key factors in ensuring you are equipped with the tools to put your best foot forward toward making sure your business survives for years to come. Taking advantage of free business training is one of the best ways to protect against failure.

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