Everything you need to know about setting up, managing and growing small businesses. Veterans, as well as newbies share their stories and valuable lessons.

You might think that the numbers say it all but I believe we need to look deeper. According to the Small Business Administration (SBA), there are 27.9 million small businesses in the United States and they make up 99.7% of U.S. employer firms. These businesses employ about 50% of the country’s private sector workforce. For a time, small business was one of the few bright spots in the economy –growing and creating jobs. But recently the positioning of small business as the “little engine that can pull us out of the economic downturn” has stalled.

the ceo magazine, entrepreneurial thinking,
Jim Dewald, Dean, Haskayne School of Business, University of Calgary, and author, Achieving Longevity

Businesses fail. They fail fast and they fail often. Research indicates that over 50 per cent of new firms fail within five years, and 75 per cent are gone in ten years.  So what is different about the firms that survive?  The answer is that they are the firms that are successful in recreating themselves, in continuing to engage entrepreneurial thinking on an equal footing with strategy.

Feeling Stressed? Don’t Suppress

As a CEO you are under pressure seemingly from all sides. Maybe you feel squeezed by the need to make more revenue without more staff. Perhaps you are suffocating from long work hours with no end in sight. Stress can leave you irritable, tired and short-tempered. That is not a good place to be for CEO-level decision-making.

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