An Open Dialogue on Leadership and Organizational Development
Saturday, January 18, 2014
The Struggles of Small Business Owners
imagine that a lot of small businesses start out or continue this way: from a
dream, a hobby, an inclination, or the evolution of a job into a career.
to the U.S. Small Business Administration, small businesses (businesses with
500 or fewer employees) make up 99% of all employers in the United States.
A USA Today article reports that job creation
at small companies has almost doubled from the end of winter to the end of
summer of 2013. These two statistics convey a marked interest in the
American Employee and the American Unemployed evolving into the American
Entrepreneur. The Small Business Administration encourages and helps
people to start their own businesses or to become “self-employed” through
Self-Employment Assistance and other State Workforce Agency programs.
talking to many people who own small businesses, our colleagues report the most
common “regret” is that they didn’t have more business related skills,
specifically related to Accounting, Marketing, and Business Strategy. The Small Business Administration encourages
future and current small business owners to take advantage of business training
and learning opportunities. There are many competencies needed to start
and maintain a small business. No matter what kind of business it is,
know-how related to Marketing, Accounting, Customer Service, Business Law, and
Human Relations are paramount to success. In addition to our in-person trainings, KLG Consultants, LLC now offers
many professional on-line courses that are specifically intended for small business
owners and managers.
• Start Your Own Small Business
• Employment Law
• Basics of Organizational Strategy
• Branding Yourself with Social Media
• Customer Service Strategies
of these courses respond to many different aspects of owning and running a
is commonly said that around 50% of small businesses fail in the first five
years. With this in mind, being prepared in every way possible, including
appropriate training and knowledge related to owning a business, is vital to
avoiding going out of business and financial entropy. Taking an online
course is both a schedule and wallet friendly way of acquiring specific skills
and knowledge needed to run a business successfully and efficiently.