Part 1 of 3. Less than 5% of those businesses have more than $1 million in revenue

In my experience, I have found, without exception, entrepreneurs are risk takers. And statistics back that up. Did you know of five out of six businesses started, thirty-percent fail within two years? Of that thirty percent, only fifty-percent will survive to year five. There are 26 million small businesses nationwide and less than 5% of those businesses have more than $1 million in revenue. That represents a lot of risk!

 

Here are three mistakes you must avoid if you're serious about taking your company to the next level in 2011:

• Having no sustainable economic engine - What is your Economic Driver/Profit Formula?
• Utilizing Push Marketing Only - You must also use pull marketing to pull all resources to you.
• Having a lack of predictable profits - who or what is your revenue base?

So what are some steps you can take to avoid these three mistakes?

• Revisit your business model. A business model should align well with:

• Identify your Market Makers. Market makers are companies that have the same target clients as your company.

• Know your numbers and monitor your KPI on regular basis.

 

To read the complete detail and receive all three letters below:

• Less than 5% of those businesses have more than $1 million in revenue
• Did you know that 95% of business owners are not aware of untapped growth or value creation potential?
• Did you know that 60% of business owners feel extremely challenged in maintaining a healthy profit margin?)

CLICK HERE to watch a DEMO of 1GAP and to receive all three letters.

 

In the meantime, we sincerely hope your new year in business is off to a great start. If we can help you with solutions on how to grow your business in value and not just in revenue, please contact us by email, or call Chia-Li Chien at 704-268-9378.

All the Best,