Before You Start That New Business…

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the ceo magazine, small business
Thomas P. Rood, Paycheck Independence Day

Many people will tell you that if you want to get rich, you have to start your own business.  According to the SBA Office of Advocacy, in 2009 there were over 27 million businesses in the United States.  It appears a lot of people want to get rich.

Once you take the plunge and start your own business, what is your chance for survival?  According to the SBA, 69% of new firms started in 2000 or later survive at least two years and 51% of those firms survive at least five years.  In the short-term, your chances for survival are actually quite good.

A Self-Managing Company? Why Not!

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ceo magazine, entrepreneurship
Shannon Waller

Would you like to have a Self-Managing Company? Even though I haven't said what a "Self-Managing Company" is, I bet you can picture what that would mean for you—and you want one!

As a business leader, you took the risks of starting a company, building the organization, and working out how to create value for your clientele. During this process, a lot of the responsibility for growing the company naturally fell on your shoulders. However, as the business continues to grow, it doesn't make sense for you to be the only one holding that responsibility.

‘Duck Dynasty’ CALLS Us to Leadership

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ceo magazine, leadership
Jeremy Kingsley

It’s a uniquely American success story. A Louisiana guy who liked to hunt and work with his hands set up a shop in his shed, then discovered he could make a good living selling his handmade duck calls. One of his children had a talent for business, got a degree and took over as CEO, and working together the family grew their homespun industry into a major enterprise.

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