The Impact Of Small To Medium Business - 1452 Words

Small to medium businesses (SMB) currently represent a significant portion of the United States economy. In 2016 over one-third of the US population is employed by companies with less than 100 employees. Unfortunately, as reported by the Bureau of Labor Statistics, nearly half of these entities fail within the first four years of operation. As a result, many SMBs are in search of a successful model to guide them beyond sustainability toward profitability. Concerning success for SMBs, in research involving 3,800 SMB leaders, Vala Afshar highlights 6 key benchmarks indicating high-performing organizations: 1) Mobility drives agility and efficiency 2) Data driven customer-centric decisions 3) Automation, social and mobile†¦show more content†¦Results from the study confirmed several of the previously outlined obstacles causing SMB owners to not offer a company Website, most notably, technical knowledge. Evidence from the study offers a conclusion that although SMB owners understand the value of an engaging, powerful, and user friendly website, most are not sure how or where to get started. In speaking about the difficulties associated with the technical knowledge business owners need today, creative catalyst and Drexel University professor Rick Kantor suggests it is what severe ADD must feel like: a crippling tornado of things to do but no idea where to begin or how to separate all the pieces. Its too big and complex to begin. Add onto that the experience of trying and being thwarted by technology that we cant get to work and so we lose 6 hours stuck on uploading something that would take you 30 seconds! And there we are frustrated and stuck because we dont know how to go to Settings to turn off cookies...or some innocuous, simple task. Leaving us feeling helpless, illiterate and vulnerable! Tired, vulnerable, unable to protect ourselves, easy prey for anyone who offers us an easy solution. Then we get taken advantage of. The mission of VujaDay is to listen to you, the customer first. Our goal is to develop a rapport with you, to hear your dreams and work with you toShow MoreRelatedAnalyzing Three Levels Of Entrepreneurship : Individual Level, Firm Level And Macro Level1322 Words   |  6 Pagesinduced by an individual’s skills, attitudes, motives and psychological ability. The entrepreneur as an individual is affected by the circumstances in which he or she is acting, as a result, entrepreneurial actions and motives are influenced by the business environment, cultural and institutional factors and macroeconomic conditions (Pirich, 2001). 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