The small business landscape of our country is vastly changing. There are 28 million small businesses in the United States. Nearly 80% are self-employed with no additional payroll or employees. The average reported revenue among these small businesses is only $44,000 per year. According to Bloomberg, 8 out of 10 entrepreneurs who start businesses fail within the first 18 months. Other statistics show that only 4% of all small businesses remain open for at least 10 years. The NOW Network serves as a resource to assure that Its membership has access to the education, information, training, and networking designed to assist each member to exceed the dismal statistics that currently plague the small business community across America.
How The NOW Network can help you succeed…
Several business experts and publications agree that while there are many factors that exist in the failure of small businesses:
- Inexperienced management and leadership
- Lack of capital or funding
- Poor accounting and/or mismanagement of funds
- Ineffective marketing
- The lack of coaching and mentoring
- No process for lead generation and sales
All of the above factors contribute to poor performance or failed business. The NOW Network provides the necessary tools and expertise to address and counter these factors to maximize your business success.