Business Bootcamp | Skills Entrepreneurs Need To Know
There is a lot of information that business owners need to learn to be successful in their business, which is why business owners should attend the Spurrell and Associates business bootcamp. Not only because business owners are not likely to learn this information any other place.
But because the sooner business owners can learn the skills that they can use to succeed. The faster they will be able to avoid the high failure rate of entrepreneurs in Canada.
According to a recent industry Canada survey, they found that the failure rate of small businesses in Canada is extremely high. With 15% of all business owners failing within the first year of opening the doors to their business.
And 30% of all entrepreneurs failing within the second year of operations. While eventually, 50% of all entrepreneurs are out of business within five years.
Even though there is an extremely high failure rate. Industry Canada only found three reasons why the majority of business owners were not successful in their endeavor.
The third most common reason why business owners were not successful in their small business in Canada. And affected 23% of all entrepreneurs who were not successful.
Is that business owners could not find or keep enough staff in their business. And while statistics show that employees are staying half the time on average than they used to. This is a significant challenge for a lot of business owners.
The second most common reason why entrepreneurs end up failing in business. And affected 29% of business owners who close the doors to their business. Is because they simply ran out of money.
There can be many different factors why entrepreneurs run out of money. From not generating enough sales, to having more expenses than they should. And not adjusting their pricing accordingly.
And even making uninformed or poor financial decisions. That ended up with an entrepreneur spending more money than they had and eventually running out of money in their business.
And the number one reason why entrepreneurs in Canada failed in their business. And affected 42% of the business owners that close the doors to their business.
Is because they just simply could not find enough customers to buy their products and services. And whether they were not looking for customers because they thought it would be easier to find customers than it and that being.
Or because an entrepreneur did not have the right or effective marketing strategy in place. This problem affected more small business owners and any other single problem.
Therefore, the business bootcamp that Spurrell and Associates puts on. Is designed to help entrepreneurs overcome these common obstacles. So that they can be more likely to succeed.
And when an entrepreneur is no longer trying to avoid failing. And they can start being proactive in growing their business and succeeding.
Therefore, the sooner they come to the business bootcamp. The sooner they are going to be able to change the fortune of their business and grow and succeed.
If You Want To Show Off Your Business Bootcamp Skills!
There so many things that business owners need to learn to run a successful business, which is why they should attend the business bootcamp put on by Spurrell and Associates. The sooner they come to the event, the sooner they can learn information that will help them succeed.
In fact, when more small businesses are successful. It is brings about a lot of financial stability to the entire province. Since half of the population is employed by small business owners.
The topics that they will learn will not only help them overcome common obstacles. But can help them be proactive in their business. And grow larger than they ever thought they could so that they can accomplish all of their goals.
Not only will they learn about the myths of entrepreneurship. That many business owners believe in, that can cause them to do the wrong things.
But business owners will also learn how to schedule themselves successfully. So they can make the most efficient use of the one hundred and sixty-eight hours that they have each week. So that they can accomplish all of the tasks they need to grow their business.
Business owners will also learn how to minimize taxes on their personal finances. So that they can save more money and accumulate more wealth personally. Which is one of the primary reasons why people are driven to become entrepreneurs in the first place.
They will also learn not only how important a business plan is. But help to do a four hour business plan. So that they can use that as a blueprint to reach their goals.
As well as learning how to do it at the beginning of every year. So that they have this tool to help them succeed every year. This alone is worth coming to the business bootcamp.
It also learn how to get found by more customers. By appearing in page 1 of potential customers Google search results. Because if there customers cannot find them, it does not matter how great their website is. Or how amazing their products and services are.
They will also learn about how to create checklists and templates. Because this can help automate their business and processes. So that it can become easy to teach those processes to staff. To allow an entrepreneur to spend time growing their business.
Business owners will also learn how to read their financial statements. And then use those financial statements in order to make more informed business decisions. The better business owners are at doing this, the more they can positively impact their business.
And finally, business owners can learn how to build a team, worthy of an entire HR department. And do it themselves, and only a few hours each week. This can significantly help business owners not only find more staff. Find the best staff possible.
The sooner business owners can buy a ticket to this business bootcamp. The sooner they are going to learn all of the information they need to not only avoid failure. But learn what they need to know to grow their business as well.