Business Bootcamp | Common Problems In Business
Business owners face many different challenges, which is why going to a business bootcamp can be incredibly beneficial. Especially since there are no classes or courses that teach entrepreneurs. What they need to do to own a successful business.
Even people who go to college or university in order to get a business degree. Do not find out what they need to know. In order to be an entrepreneur. And that is reflected in the high failure rate of businesses in Canada.
The failure rate of businesses in Canada is extremely high according to the industry Canada survey. Showing that 15% of small businesses in Canada fail within the first year of opening the doors to their business. And 30% of all businesses fail in their second year of business ownership.
And ultimately, by the time five years comes by, half of all people who open small businesses in this country will have failed. And this is huge problem.
When businesses fail, it is not just people losing their livelihood or their job. People can end up losing their life savings, or go bankrupt. As well as cause people to leave their marriages and break up families. And fall into a depression.
And since half of all of the people in the province of Alberta who have jobs. Are employed by a small business owner. This actually is a huge problem, that can impact most of the people in the province.
Therefore, helping entrepreneurs stay in business and be successful. Is something that more people should be concerned with.
This is why Spurrell and Associates have created this business bootcamp. To teach entrepreneurs not only what they can do to help them succeed. But also what they should not do and bad habits that they can break.
Since the industry Canada survey that found out that half of all entrepreneurs end up failing in business. They also found out that there were three common reasons why entrepreneurs were failing in Canada.
The first reason why entrepreneurs were failing in business. And affected 42% of all business owners in the country who ended up closing the doors to their business.
Is that they were unable to find customers to sell their products and services to. Whether they were not marketing their business at all. Or not marketing their business successfully.
Learning how to successfully market a business is one of the topics that business owners will learn about in the Spurrell and Associates business bootcamp.
It will start with learning how to get on the first page of Google. And there are four things that business owners need to do in order to accomplish this in their business.
Once they are ending up in Google search engine results. That is when they can worry about getting a big expensive site. But until they are being found by Google. They do not need to spend the money on a website just yet.
To learn about all of the other great things that business owners need to know. In order to be successful in business. Entrepreneurs should contact Spurrell and Associates, and find out the date of their next business bootcamp.
Are You Looking For The Business Bootcamp?
There are many things that business owners can learn so that they can be successful in business which is why Spurrell and Associates created their business bootcamp. This bootcamp is designed to address common problems that business owners face.
So that more entrepreneurs can beat the odds, and succeed in business. Where others typically would not succeed. Not only will they learn great habits that they can develop.
They will also learn about common myths that many people believe. That could end up putting a business in jeopardy if they followed this terrible advice.
The scheduling of a business owner is also very important. Because they need to know exactly what they are going to work on every hour of every day, week and month. So that they can get all of the tasks needed to grow their business accomplished.
There are also going to learn about personal finances. And what they can do to minimize the taxes that they pay the government. Not only so that they can keep more money in their business.
But they can use that information to accumulate wealth themselves. And start saving money for their own future. Which is a significant reason why many business owners go into business for themselves in the first place.
They will also learn things like business planning. And studies done by Palo Alto, which is a software manufacturing company. Show that businesses with ready 6% more likely to grow the revenue in their business.
In addition to that, business owners will learn how to create checklists and templates. Not only so that they can easily teach all processes of their business to staff.
But so that business owners themselves do not have to be responsible for doing every task in their business. So that they can spend more time and energy on growing their business instead.
As well, business owners will learn how to read their own financial statements. Because this can cause people to run out of money in their business. If they are making financial decisions, without looking at their reports.
And since running out of money is the second most common reason why entrepreneurs in Canada fail. By learning how to read their financial statements. They can be significantly more able to avoid this obstacle. And stay in business longer.
And finally, business owners struggle with finding and keeping staff in their business. Which is why 23% of entrepreneurs end up going out of business. Because they cannot find people to work in their business.
This business bootcamp teach entrepreneurs away of interviewing potential employees. That is easier, and takes less time than a traditional one on one interview. And it will allow business owners to pick better people been looking at resumes alone.
In fact, there is so much great information at this business bootcamp. That anyone who owns a business, the matter what that business is. And no matter how long they have owned it. Can benefit from the great business information being taught at this seminar.