Entrepreneurship involves the process of starting and operating a new business or restructuring a current one. A recent detailed study conducted by the Global Entrepreneurship Monitor found those who retain the services of experienced advisors are 5x more likely to survive over 3 years.
The number one reason people want to start a business is their desire for professional independence while the number one reason people do not want to start a business is their fear of failure. For all current and start-up entrepreneurs, here are some passionate and valuable quotes as well as some small business statistics for 2024 to keep in mind:
- "There are no secrets to success. It is the result of preparation, hard work, and learning from failure." ~ Colin Powell
- "If you don't build your dream, someone will hire you to help build theirs." ~ Tony A. Gaskins Jr.
- "Stop focusing on the roadblocks and start looking for the open doors." ~ Kevin O'Leary
- 99.9% of the millions of firms in the U.S. are small business.
- 45.9% of all U.S. employees work for a small business.
- 83.1% of business owners started their own companies from scratch.
Small business is a cash flow, tax reduction, and wealth creation machine - it all starts with determining the most appropriate legal and tax structure, followed up with a solid business plan. Please contact us for more information and to start the process.
"Your time is limited, so don't waste it living someone else's life." ~ Steve Jobs