Over 627,000 new businesses open each year, according to SBA estimates. If you’re one of the over half a million people in the US looking to start a business in 2022, we definitely understand why. Getting to be your own boss is quite an attractive idea, right? You set your own hours, make the rules, and decide who you work with, when, and where.
While you might feel alone as a business owner in your feelings that you’re not scaling at the speed you’d like or that you are hitting obstacle after obstacle, studies show that most small businesses go through very similar stages of growth.
Topics: Business|Invest, Business - Early Stage, Business - Mid Stage, Business - Late Stage
What’s the number one reason why startups fail? They run out of cash or fail to raise the money they need to scale. It’s that simple. Great ideas are, well, great, but it’s hard to take a great idea to the market without a bit of money to back it up.
Topics: Business, Business - Early Stage
Why is it so hard to find cash when you know your idea is out of this world? It just is, and you’re not alone. Most small businesses struggle to access the funding and capital they need to scale and succeed. In fact, just during the pandemic, about 4 in 10 small business owners haven’t obtained any capital in the form of loans or lines or credit.
Topics: Business, Business - Early Stage, Loans
Did you know that, in the first half of 2021, a record 44% of small business owners were unable to fill their job vacancies? This figure reflects the consequences of the pandemic and the struggle to find top talent as we wade into the beginning of a phenomenon called the Great Resignation.
Topics: Business, Business - Early Stage, Business - Mid Stage, Business - Late Stage
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