Tuesday, June 6, 2023

“Don’t Start a New Business, Go and Help Businesses That’s Struggling”



Starting a new business is a risky proposition. According to the U.S. Bureau of Labor Statistics, only about 50% of new businesses survive for five years, and only about 25% survive for 10 years.

If you’re thinking about starting a new business, there’s something you should consider: instead of starting from scratch, why not help a struggling business that’s already up and running?

There are a few reasons why this might be a better option:Read More: The Great A&P and the Struggle for Small Business in America: https://amzn.to/3WTdMqa

* **It’s less risky.** When you help a struggling business, you’re not starting from scratch. You’re not having to build a brand, develop a product or service, or find customers. You’re simply helping a business that’s already doing those things, but could use some help.

* **It’s faster.** It can take years to build a successful business from scratch. But when you help a struggling business, you can start seeing results much sooner.

* **It’s more rewarding.** There’s nothing more rewarding than helping a business succeed. When you help a business turn things around, you’re not just helping the owner, you’re also helping the employees, the customers, and the community.

If you’re interested in helping a struggling business, here are a few things you can do:Learn More: The Art of Persistence: Stop Quitting, Ignore Shiny Objects and Climb Your Way to Success:https://amzn.to/3P4L2cp

* **Do your research.** Before you approach a business, take some time to research it. Look at its financial statements, its customer reviews, and its competitive landscape. This will help you understand the business’s strengths and weaknesses, and what kind of help it needs.

* **Make a proposal.** Once you’ve done your research, it’s time to make a proposal to the business owner. In your proposal, explain what you can do to help the business, and how much you’re willing to charge.

* **Be patient.** It takes time to help a business turn things around. Don’t expect to see results overnight. Be patient, and be willing to work hard.

Helping a struggling business can be a rewarding experience. It’s a great way to use your skills and talents to make a difference in the world.



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