Author and blogger Barry Moltz recently conducted a survey of small business owners to find out where they are stuck or struggling in their businesses.
Slightly more than one in four reported that everything is OK and the business is growing.
The rest seem to be struggling right now -- or as Barry likes to term it, "stuck." The biggest challenges Barry identified in his survey are consistent with most of the other recent surveys. The biggest struggles are with cash flow (36.3%) and an inability to generate sales (32.5%).
One of the more interesting findings was that even with so many small business owners reporting struggles, only 8.5% said that they have lost their passion for their business.
The resiliency and fortitude of entrepreneurs shines through again!
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Slightly more than one in four reported that everything is OK and the business is growing.
The rest seem to be struggling right now -- or as Barry likes to term it, "stuck." The biggest challenges Barry identified in his survey are consistent with most of the other recent surveys. The biggest struggles are with cash flow (36.3%) and an inability to generate sales (32.5%).
One of the more interesting findings was that even with so many small business owners reporting struggles, only 8.5% said that they have lost their passion for their business.
The resiliency and fortitude of entrepreneurs shines through again!
I think feeling "stuck" is something we all can relate to! Makes me think about the restaurants on Gordon Ramsay's Kitchen Nightmares. Owners start off passionate, then hit a wall and don't know how to get past it.
It often takes a lift/push/pull from an outside source to help a biz owner get the gears turning again. I love the idea of having a personal advisory board to get motivated and moving.
http://bit.ly/ahmqZC
I was nice to see us and our products in CSM but I did want to comment that we aren't stuck, we aren't struggling.
Maple Landmark is in it's 31st year of business and have weathered many economic downturns. It is not to say business was great but we are doing ok.
Through proper staff management, a devotion to lean manufacturing, our commitment staying made in the USA and introducing products that customers want we have been able to succeed, and our business has grown.