Small businesses have many positive things going on for them. The owners have total control of what’s going on in their business and take care of things personally and quickly. Many of them do not look for ways to pass the blame onto others, they are the owners after all. The business succeeds or fails because of them. If they plan carefully and consider the advantages of having a team around them, then the chances of success increases.
The beginning of any business is hard. Lots of hard work, and maybe loss of income can become quite a strain for many small owners. That is some of the reasons a third of the small businesses that start do not make it past the first two years according to the Small business administration. And half of those businesses do not make it past the 5th. year.
A business plan before starting a business, and a financial plan to weather the first years should be a necessity for many small owners. The difficulties that you will encounter the first years of the business are always unexpected. You know you will have difficulties but don’t know what they are. Later on, the good and bad experiences you encounter will give you the experience and the forbearance to weather the storms.
There are millions of small businesses across the United States. Some grow to become great, powerful companies, and a lot of them do not. What is it then that makes some companies thrived while others go under? For many people great companies show a handful of characteristics that makes them great, but as always great or good means something entirely different for people.
But for companies to succeed, the first thing to remember is that employees play a crucial part in the success of any business. Employees that understand that they are working for a company , and that they are supposed to be a team, not sole individuals with different purposes, make a better company. They as a team, have a more happy, positive company culture, and research has shown time and again that employee’s happiness plays an important role in the success of the company. Happy individuals that know the company’s philosophy, and are on board, will make the company a better place all around.
