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In the USA in the
past ten years, small business created over 20 million new jobs. And,
that's conservative.
This is the heart and soul of the American
economic engine, so the question needs to be asked and answered: How did they
do it? Why did they do it? There is a story behind every net new job and we
believe these stories need to be told and analyzed.
That being said,
two facts need to change:
1. Over 70% of
every business start up fails.
2. Over 70% of all solid businesses fail to transition
beyond the founder. Though the 20+ million jobs is impressive, think how
much more impressive it would be if less failed at the beginning and more
succeeded in transferring the business to the next generation towards the
founder's end.
We know this for a
fact: it is never easy and there are no short cuts.
We believe by
sharing these stories, we can learn best practices from each other and we'll
find answers to questions such as: |