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A thriving business takes more than just a dope concept or viral post. Reality is it takes thoughtfulness, intention, planning & research.
Consider these 4 top reasons why 50% of business owners fail during the first 5 years:
1 - Did You Try It? It’s important for entrepreneurs to test their products & services on their target market. The feedback one will receive is invaluable. Nothing worse than offering something that customers don’t want or aren’t willing to pay to use.
2 - Pick Your People...Wisely! Who would you want in the trenches with you when all hits the fan? Self-starting contributors whose vision aligns with the organization's core values. Individuals who bring diverse skill sets & business acumen are key differentiators.
3 - Lack of Grit. We are living in a global marketplace where innovation affects the way we do business daily. You’ve heard this before. But how responsive to market trends & new technology are you? The only constant in business is change.
4 - Everything Else. We can go on and on here. From the lack of processes & proper tools to absence of forward thinking & accountability.
Freaking out? Don't. BRICC Foundry is dedicated to the success of minorities & women in the workspace.
Ready to work? Schedule a consultation with our team - StartWithUs@briccfoundry.org