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E-Myth – “Why most small businesses don’t work & what to do about it”

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Business Bootcamp | What Business Owners Need To Know


Because there is so much information that business owners need to learn, they should attend the business bootcamp. That is put on every quarter by Spurrell and Associates. Because the information taught in this one-day seminar. Can change the course of an entrepreneurs business.

One of the first things that all entrepreneurs should be aware of. Is that the failure rate of small businesses in Canada is incredibly high.

Not only do businesses fail within the first and second year of business ownership. By fifteen and 30% respectively. But also, half of all entrepreneurs fail by the five-year mark in business.

Industry Canada wanted to find out why the failure rate for entrepreneurs were so high. And conducted a study, it had failed entrepreneurs write essays why they were not successful in business.

They were shocked results, that indicated there were only three main reasons why entrepreneurs failed in business. And all other reasons why business owners were not successful only made up 1% of the reasons.

The single most common reason why business owners were not successful in business. Because 42% of small business owners to fail. Is because they could not find enough customers to sell their products and services to.

This inability to grow their revenue because business owners to not be able to sustain their business, and force them to shut down. Whether this is because business owners were not marketing their business at all.

Or if this is because business owners or not marketing their business effectively. All ended in business owners having to close down their business. Because they were unable to keep it going without finding customers.

Second most common reason why business owners failed in their business. And caused 29% of all business owners to fail. Is that they simply ran out of money in their business.

And while there are many reasons why a business owner might have run out of money in their business. Making financial mistakes and spending more money than they have, not minimizing their expenses.

It is also important to note that if business owners are not able to find enough customers. They also may run out of money. Which can contribute to the number one reason why business owners failed as well.

And finally, the third most common reason why business owners are not successful in business. And causes 23% of all businesses to be forced to close the doors to their business.

Is because 23% are unable to find or keep staff in their business. Which makes it impossible for them to run their business and succeed.

The eight topics that are being taught at the business bootcamp are designed to help overcome these obstacles through a variety of skills and tools.

And since fifteen and 30% of entrepreneurs fail in the first and second year of owning a business. The sooner entrepreneurs can come to this bootcamp. The sooner they can avoid being one of the fifteen or 30% that fail in the first and second year.

Tickets to this business bootcamp are only one hundred dollars, and all of the tips and tools that entrepreneurs learn can do themselves for free. To help their business.

How Can You Learn About The Business Bootcamp?

There are many reasons why business owners do not have information they need to succeed, but coming to the business bootcamp. Can help them find a lot of the information out in a very short period of time.

Even business owners who have graduated from business school. Will not have all of the information needed. To learn how to become a business owner.

And in addition to not having all of the right information. There is a lot of misinformation out there about being an entrepreneur as well.

A lot of these myths are being perpetuated by people who have never owned their own business before. And promise entrepreneurs that they can build a successful business.

By working only a few hours of day. Or that they can live a laptop lifestyle and be successful. But being a business owner is a lot more hard work than many business owners first assume.

Business owners who are going to be successful. Will end up working twelve hour days six days a week. And will spend each hour of their day in a very specific way.

In order to ensure that they are getting all of their strategic priorities that are outlined in their business plan accomplished. By working this hard. This is owners can get every thing accomplish that they need. In order to grow their business.

And while it is very important for business owners to learn things that can help them avoid the most common obstacles that business owners face. So that they can be more likely to avoid the high failure rate. And once they avoid the failure rate, they can focus on growing their business.

But the information taught at this business bootcamp. Will also help business owners learn how to grow their business larger than they ever thought they could. Even if they own a business that has been in operation for several years. If they have not been able to reach their goals yet.

They will learn things such as to create checklists and templates. So that entrepreneurs are able to automate processes. And make it very easy to teach new staff members.

So that ultimately, a business owner can end up working on the things that can help them grow their business. While they hire staff to take care of things within their business.

Business owners will also learn how to build an effective team. So that they can find the best employees for their business. And replace those employees when they have decided to move on to their next opportunity.

Also get marketing help. So that more people can find them. So that they can convert more people into customers more successfully.

With all the great information being taught at this one-day business bootcamp. Anyone who owns their own business, or is thinking of opening their own business. Should attend, and find all of the information that they will be able to use to become more successful.