“Success in business requires training and discipline and hard work. But if you’re not frightened by these things, the opportunities are just as great today as they ever were.” – David Rockefeller
As Mr. Rockefeller understood, being a successful entrepreneur is not for those who are afraid to make a commitment to hard work and discipline. According to the Bureau of Labor Statistics projections, half of all enterprises that start this year won’t be operating five years from now. That was true in 2005, and it was true in 2000. Hey, if you want to look way back in time, it was even true in 1995.
Half of the businesses didn’t succeed, but that’s only part of the story. Though we can’t account for the lack of success for every business, we can tell you that a Westchester business has much less opportunity to succeed if the business owner is not prepared to do the work required. What’s the more important point to take from the Bureau of Labor Statistics’ projections? Half of the businesses started this year will succeed. That’s the part of the story that gets left out. It’s just as likely for your new Westchester business to thrive.
Who decides who succeeds, and who falls flat?
You do. It is your passion, your inventiveness, your commitment, and your drive that determine whether or not your Westchester business succeeds or fails. There are things you can do to make it much more likely that your new venture will make it to that five year mark – and beyond.
Educated entrepreneurs are more likely to be successful business owners. SCORE Westchester is your source of small-business oriented education, focusing on the operations, marketing, and management information you need to make your venture successful. Our small business mentoring team has first-hand experience to share with you, and industry-specific insights you can use to make smart decisions about your company’s future!
Business owners who are connected to and communicate with other business professionals tend to make smarter, more strategic, success-oriented choices for their companies. SCORE Westchester’s small business mentoringprovides a network of business leaders invested in your success: a great starting point from which you can build your own personal base of connections and advisors!
Meet with the SCORE team in person (at our location or yours), via email or on Skype. It’s never too soon to start planning for your success! The only question is “Are you ready to win?” If the answer is yes, contact SCORE today. We’re here to help make it happen!