New businesses starts are at rates we’ve never seen before, reversing a 40-year decline. Startup numbers have gone from 2.5 million in 2010 to well over 4.3 million in 2020 … a 74% increase in a decade according to US Census Bureau business formation data.
Are You Considering Starting a Business?
Are you are considering a side hustle to your current employment situation … or maybe you want to bring your military expertise to a new business. Are you an inventor trying to figure out how to capitalize on your latest inspiration … or even a student wanting to change the world?
Many people have hit “pause” to reassess their passions, purpose and future … and the paths to achieve them. The Great Resignation is a real thing. Reasons most often cited for quitting are … wanting more from their jobs (better wages, working conditions, more flexibility, a voice in decisions and others).
Veterans are leading this movement. Vets are almost twice as likely to start a business and 10% of existing businesses in the US are veteran-owned.
Find Out How To Develop Your Business Idea
Through my mentoring partnership with American Corporate Partners, we've collaborated to create a webinar, How to Develop Your Business Idea in 7 Proven Steps (Before You Start One) - Recorded live on Wednesday December 15, 2021 at 1pm EST.
But this is not a presentation on how to start a business ... there are already too many of those. This webinar will help you understand all of the critical success factors to consider before you press “go”.
Unfortunately, all businesses do not succeed. Good ideas don’t always make good businesses. I’ll discuss how to develop your business idea to see if it can be competitively advantaged, make money and be durable enough to stand up to the test of time.
20% of new businesses will fail during the first two years and the 5 year failure rate is 50%.
Tech Startups start and fail faster … and more often. Join us on December 15th and find out why ... and what to do about it.
The seven steps being shared are part a proven methodology for taking ideas from concept to business reality ... and long-term success. Multi-million dollar businesses have been born by taking these steps.
Reach out to me on LinkedIn or at Craig@Rhinehart.com if you have questions.