Small Business Diva

March 26, 2008

Interesting Statistics for Small Business

Did you ever wonder how much of a contribution small businesses (incorporating micro buisnesses) make to the economy?

There is an interesting post at Modern Goddess Online Women in Business – that includes some statistics on small businesses across the United States, United Kingdom and Australia.

Guys, don’t let the name of the post deter you – I believe the figures are interesting for all small business owners.

This post goes on to say that no matter what type of business you operate, the key factors to success are:

  • your suitability as a small business owner
  • your business idea or concept
  • preparation of a feasibility study
  • development of a business plan, including a marketing plan, financial plan and operational plan
  • seek outside help
  • develop basic management skills
  • develop entepreneurial skills

By being aware of these factors you can hopefully see where you might be lacking and learn the necessary skills or employ/contract others with these skills.

Here’s to your business success…

Advertisements

3 Comments »

  1. Interesting statistics in that post. I agree with the key factors to success 🙂

    Comment by Melissa — March 26, 2008 @ 1:21 pm | Reply

  2. I saw those statistics on modern godess, it’s amazing how online businesses contribute to the small businesses as well. The online world has changed the vision of small businesses, now stay at home mothers can operate as the president of their own company out of there house. Another factor to success I believe is listening to your peers, sometimes the smallest bit of advice makes the biggest difference.I actually work with Microsoft, and right now I’m really excited to spread the word about the “Vision to Venture” tour they’re having between April and May, which will consist of five live events. Susan Solovic, the best-selling author and CEO of SBTV.com, will be giving the keynote speech-“Girls Guide to Building a Million Dollar Business”-geared toward women entrepreneurs like yourself. You can see more and register at http://smallbusiness.officelive.com/v2v/ so let me know what you think! And if you have any questions, I’d be more than happy to answer them 

    Comment by Tanya Middleton — March 28, 2008 @ 4:54 am | Reply

  3. Some great points there – I need to update my business plan as some four years down the road things can start moving in directions that you don’t quite imagine.

    Comment by Michelle — March 29, 2008 @ 8:39 am | Reply


RSS feed for comments on this post. TrackBack URI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog at WordPress.com.

%d bloggers like this: