AdviCoach of Southeast Michigan Puts Your Business on a Path to Success
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ANN ARBOR, Mich. - Michimich -- While the numbers vary by industry and region, businesses start and fail at alarmingly high numbers. In the first 5 years, approximately 50% of businesses are at risk of failure (according to the Global Entrepreneurship Monitor). With 600,000 new businesses starting each year in the US, the Bureau of Labor Statistics data shows that only about one third of them will exist by year 10. If your business has made it past year 10, congratulations! You must be getting more right than wrong. Whether your business is in start-up mode, first stage growth, second stage growth or at a sustainable stage, this information will work for businesses at any stage.

There are many factors that can contribute to the success or failure of a business. Your business needs to be nurtured and supported, in some ways no differently than your health and well-being. Our health, something that we are born with, can be improved, maintained, and under certain conditions lost. There is no guarantee that early health will hold on its own and therefore we tend to support it and feed it, often through sleep, nutrition and healthy lifestyle choices.

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A business is no different – it needs to be fed. So, how do we do that with success in mind?

Read more on our website: https://advicoach.com/southeastmi/2024/05/29/performance-improvement-path-to-success/

About AdviCoach of Southeast Michigan: As a Business Advisor/Coach with AdviCoach of Southeast Michigan, David works closely with owners of small and medium size businesses in the 'gap areas' that stand in the way of goal achievement, success and the satisfaction of having their business work for them, not the other way around.

An AdviCoach client will experience profit growth beyond what they dreamed possible, the development of a strong team with solid systems to help run the business, along with gaining time and freedom from the business to focus on strategic business issues or other personal pursuits.