Business Bootcamp | Helping Entrepreneurs Learn
Entrepreneurs should be learning for the lifetime of their business, which is why they should attend the Spurrell and Associates business bootcamp. People have found valuable information whether they have been contemplating starting their own business or if they have been a business owner for a while.
It is never too late for entrepreneurs to learn great skills that can help them succeed. And while it is very beneficial for entrepreneurs to learn things that will help them reach their goals, and grow their business.
It is also very important. For business owners to learn what they need to know. To help them avoid common obstacles that cause other business owners to go out of business. The failure rate for businesses in Canada is extremely high.
And according to a study done by industry Canada, 15% of small businesses fail in the first year of business ownership. While 30% of entrepreneurs fail in their second year. And half of all entrepreneurs will fail by the time they have been a business for five years.
So there are several topics at the Spurrell and Associates business bootcamp. That are designed to help them overcome the common reason why entrepreneurs fail. Starting with how to build a team effectively.
23% of all failed entrepreneurs said that the reason why they failed. Was it because they were unable to find or keep staff in their business. So by learning how to build a great team. Can help entrepreneurs overcome this obstacle, that causes so many to fail.
They will also learn how to set up and read one page financial statements. To help entrepreneurs make more informed financial decisions. Since the second most common reason why businesses fail. Is because they run out of money. Affecting 29% of all failed entrepreneurs.
The next topic that they will learn at the business bootcamp. That directly impacts the failure rate of small businesses in Canada. Is how to get on the first page of Google. So that more customers can find their business. Since this is the single most common reason entrepreneurs say they fail.
42% of all small businesses in Canada who failed. Said that they were unable to find enough customers. To buy enough products and services to remain viable in business. Therefore, these three topics alone. Can help prepare entrepreneurs to stay in business longer. By avoiding common obstacles.
However, there are several other topics that they will learn. All being taught by local entrepreneurs. Who own top rated businesses. And who have utilized the strategies that they are teaching successfully in their own business.
Therefore, business owners do not have to follow some do is I say not as I do business guru. Who has never owned a business in their life. There are actually talking to people just like them. Who want to start their own business. And learn what they needed to do to become successful.
This great business bootcamp is open to all entrepreneurs, or even people thinking about becoming entrepreneurs. So that they can learn what they need to do. In order to be successful. And avoid being one of the 50% that fails in business in Canada.
It is so important for small business owners to attend of the Spurrell and Associates business bootcamp. Because the economy depends so much on the success of small business owners in this province. And if they fail, there is a much larger impact than many people realize.
And while only 5% of the entire population of Alberta are entrepreneurs. Half of all of the people in the province that have jobs, are employed by small business owners. With small businesses being defined by people who have ten employees in their business or less.
Therefore, if small businesses continue to have an extremely high failure rate. Like they currently do with half of all small businesses that start eventually failing. It will end up having a huge impact on the entire economy of the province.
Not only is there a financial cost, when so many business owners and employees go out of business. But when businesses fail, entrepreneurs lose their life savings, or even go bankrupt. While other costs can include marriages being ripped apart, and people falling into a depression.
Not to mention the fallout when employees lose their job. The same consequences can happen, with failing marriages, and people falling into a depression. And ending up with substance abuse problems.
Since there such a high failure rate for entrepreneurs in business. The reason why Spurrell and Associates created this business bootcamp. Is to help event that failure rate. And help more businesses succeed.
And they start off by addressing three most common reasons why entrepreneurs fail. And sharing the strategies that can help other entrepreneurs avoid the same obstacles. Or what to do when they come across the same obstacles. So that they can be more likely to succeed.
In fact, that entrepreneurs attend this business bootcamp. Every single order, not only so that they can continue to remember the most important strategies. But so that they can reinforce the good habits that they need to have. In order to be successful.
It is also very important that entrepreneurs are surrounding themselves with other like-minded individuals. Especially other entrepreneurs, who know that the path to success is long hours, working six days a week. And being very dedicated to the path towards success.
Especially because while entrepreneurs families and loved ones mean well. They often try to persuade the business owner to do the opposite of what they need to do. By working fewer hours, and taking more days off. When that is not what they should do at all.
When entrepreneurs continue termite themselves of what they need to do to be successful. They are going to be able to avoid giving up on the successful path. And utilize the strategies that are being taught. To help not only avoid problems. But know what they need to do in order to grow their business.