Business Bootcamp | What Should Entrepreneurs Learn
It is very important for entrepreneurs to learn skills that can help them avoid failure, which is why business bootcamp are so important. Not only because there is such a high failure rate of entrepreneurs in Canada.
But because there are three common reasons why entrepreneurs are failing. This is why the Associates at Spurrell and Associates have created their bootcamp. So that entrepreneurs can learn what they need to know. To avoid failing.
The first and most common reason why entrepreneurs are not succeeding in business. Which is affecting 42% of all failed entrepreneurs in Canada.
Is that 42% of failed entrepreneurs said they could not find enough customers. In order to sell their products and services to. And because of this, they are closing the doors to their business.
Ultimately, this comes down to business owners who are not marketing their business effectively. Or not marketing their business enough.
Some entrepreneurs believe that is going to be a lot easier to advertise their products and services or business. And so they do not even create a plan on what they are going to do as soon as they open the doors to their business.
This is why one of the topics covered in the Spurrell and Associates business bootcamp is how to get on the first page of Google. Many business owners think that the first step in marketing is to have a gorgeous website.
However, if they are not showing up in Google search engine results. It does not matter how wonderful their website is. It means that nobody is going to see that website because they are not in a search results.
Therefore, by learning how to appear in those important Google search engine results. Can help customers find the business. So that they can sell more products and services to them.
And avoid having to close doors to their business. Because they are not able to find customers for their products and services at all.
The second most common reason why entrepreneurs are failing in Canada. Is because they are running out of money. In fact, 29% of all failed entrepreneurs said running out of money was the reason why they failed.
By finding more customers, business owners can have more sales and therefore money in their business. Which is why learning how to get found in Google search results is beneficial for multiple reasons.
However, there are other important factors that can help business owners succeed. That is learning how to read their financial statements.
Business owners need to review their financial statements on a regular basis. In order to make more informed financial decisions in their business. And since they are making financial decisions in their business several times a month.
If they are making these decisions without reviewing financial statements. They could be making poor decisions. That are resulting in spending more money than they have.
This is why it is so important for entrepreneurs to learn how to read their financial statements. So that they can make better decisions in their business.
This is just a small sampling of why business bootcamp is going to be so beneficial for all business owners. To help them avoid common reasons for failure. So that they can succeed.
If You Are Looking For The Business Bootcamp?
Business owners are real people, who have a lot to lose when their business does not succeed which is why more should be attending the Spurrell and Associates business bootcamp. They can learn skills that can help them avoid the obstacles that cause 50% of entrepreneurs in Canada to fail.
They can also use that information to be proactive. So that they can grow their business and be even more successful. The sooner they learned this, the sooner they can avoid the high failure rate that entrepreneurs face.
The third most common reason why entrepreneurs are failing in Canada. Is because 23% of all failed on yours. Say that they are not successful in business. Because they cannot find or keep staff in their business.
Employees are staying less time with employers than ever before. And a few years ago, the average employee stayed five and a half years with their employer before moving on.
However, that is not true anymore. Employees are staying approximately two point three years with an employer before leaving. Which has left many entrepreneurs with a common problem.
They cannot find enough staff to keep their business functioning. And if they do find staff, they do not know what they need to do to keep the staff. So that they can continue running their business.
Ultimately, the biggest reason why business owners struggle with this. Is because they are only taught one way to find staff. They advertise a position they need to be filled. And then they conduct one-on-one interviews.
However, the business bootcamp that Spurrell and Associates puts on. Can address this problem that business owners struggle with. And can teach entrepreneurs how to build a team that typically would only be able to be built by an HR department.
And it can teach entrepreneurs not only how to do it themselves. But how to do it by only sacrificing a few hours every single week. So that not only can they find the best people. But if they need to replace those people, they will be able to easily.
When business owners fail, entrepreneurs not only lose their jobs, but they lose their life savings. Sometimes, entrepreneurs should go bankrupt. But entrepreneurs also end up leaving marriages, and falling into a depression as well.
And since half of all of the employed people in Alberta. Are employed by small business owners. If these small businesses fail, the cost is not just to the entrepreneurs themselves.
But it can impact almost half of the entire population. Which is why it should be more of a concern to help more entrepreneurs succeed in business.
Which is why it is so important for more business owners to go to the business bootcamp put on by Spurrell and Associates. So that they can learn what they need to do that will help them succeed.