Post-Bulletin:

Most business experts conform to a theory of “thirds.” Of all new business startups, one-third eventually turn a profit, one-third break even, and one-third don’t make it.

According to a study by the U.S. Small Business Association, that theory is more or less correct. Only two-thirds of all small business startups survive the first two years and less than half make it to four years. With small businesses representing 99.7 percent of all U.S. firms, they generated 60 percent to 80 percent of new jobs in the last decade, and employ half of the private sector jobs.

Being a small business owner is exciting and challenging. The issues that need to be taken into consideration and well-thought out are endless. Items for consideration include financing business and personal, market identification and opportunity analysis, staffing, operations, financial and time management.

Without careful consideration, an entrepreneur that has invested significant time and funding to start a business has a higher likelihood of failure.

Fortunately for Rochester area entrepreneurs, there’s help just around the metaphorical corner.

Business Assistance in Rochester… continue reading.

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