RESEARCH INDICATES THAT ONLY 39% OF SMALL BUSINESSES ARE MAKING A PROFIT
Less than two in five businesses make a profit over their lifetime. Another study reveals that as many as 80% of all business owners make less than the average weekly wage and 40% make less than half the weekly wage of full-time adult workers. Why don’t business owners make a profit? – Because they lack accountability…
ONLY 10% OF STRATEGIES ARE IMPLEMENTED EFFECTIVELY
Research indicates that less than 10% of strategies are being implemented in organizations across the board.
ONLY 31% OF EMPLOYEES ARE ENGAGED SO HOW CAN A BUSINESS ACHIEVE THEIR GOALS UNLESS THIS ADDRESSED
Small-to-medium sized businesses just do not have the right systems in place and when you drill deeper to analyze “WHY”, you will discover another interesting statistic. To execute strategies you need motivated, engaged employees. So, if a business has a high number of disengaged or unmotivated employees then it is a logical outcome that they will struggle to execute strategies.
A global survey indicates that in the average business, only 31% of employees are engaged. Only 31% of employees are actively motivated to support and be initiative-taking in their jobs. Based on that statistic, a whopping 69% of the workforce is likely to become a barrier to your success.
AND WHY DO SUCH A SMALL NUMBER SUCCESSFULLY SELL THEIR BUSINESS ONLY 20% OF BUSINESSES LISTED ON THE MARKET WILL SELL
If we examine the second measurement of success as being the ability for a business owner to build the value of a business so it can be successfully sold or harvested, then it is interesting to note that only 20% of business owners that go to market will successfully sell their business.
There are many business owners that never decide to sell because their business is not saleable. Well, does that information surprise you? How could any business owner ever hope to successfully sell the business if they are not making a profit?
Now is the time to learn more. If you are ready to take charge of your future, contact Weiss Advisors today for a no-obligation discovery consultation.