Unfortunately, small business success stats are pretty bleak. In fact, with 60% of small businesses failing within their first three years, it’s easy to assume you’ll never make it big.  But there's of course another way to look at those statistics- 40% of small businesses do survive past the three year stretch. The question is, how do you make sure you’re part of that 40%? Things like an organised business plan and healthy finances are essential. But there are some even simpler ways to increase your chances of success. 

Do you know how many entrepreneurs put their dreams to bed simply from seeing the 60% statistic? It’s a lot. But do you know what will absolutely, undeniably guarantee your failure? Not giving things a go! When you let your great business idea die so easily, you’ll never succeed. Instead, the simplest way to join that 40% is to simply dare to dream.  This means ignoring the statistics for a minute, and genuinely believing that you can make a go of things. It means throwing your full heart, soul, and energy into your upcoming business pursuit. That’s the only way to give your all to your small business, and giving your all is the only chance you have of remaining in this for the long haul. 

Defying the odds and starting a small business is undeniably empowering, but let’s be frank – it doesn’t make you superhuman. Assuming that you can handle everything on your own will quickly see you creeping towards that dreaded 60% failure rate. Succeeding means accepting what you can’t possibly do yourself, and finding ways around the problem. Because, you know a large part of what sets the 40% apart? Outsourcing. As a small business owner, searching for everything from customer service outsourcing to tax accountants near me will help you to manage your finances, achieve immediate professionalism, and generally keep from losing your head. 

Have you ever wondered why so many small businesses fail around the three-year mark? It tends to be because this is when companies hit a make-or-break period, where they can either scale their business or make mistakes that lead to its downfall. Unfortunately, this is also the stage where countless small business owners lose sight of their dreams to paperwork and technicalities. Building your business won’t be easy. Flying in the face of poor odds never is! But, keeping your initial dream firm in your mind will help to tailor your business and generally keep your efforts on the straight and narrow. You certainly shouldn’t allow yourself to become distracted or complacent, as there’s no faster way to join the 60%. Starting a small business certainly isn’t for the faint of heart, but if you think you’ve got what it takes, then there’s no reason why you can’t be the exception to the three-year rule!