Why small business owners should build a 'support ecosystem'

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Business Ecosystem News

US Bureau Of Labor Statistics,Small Businesses,Business Development

Small businesses account for 99.9% of total US businesses, according to the US Small Business Administration, with 20% of those businesses failing within the...

Small businesses account for 99.9% of total US businesses, according to the US Small Business Administration, with 20% of those businesses failing within the first year of opening, according to the US Bureau of Labor Statistics.

She continues with:"Secondly, I'd say seek out personalized technical expertise. So over half of the small businesses that were served by the Open for Business Fund, we served 336,000 small businesses, over half of them that got technical assistance received it for free in a one-on-one format".Over 99% of businesses are small according to the Small Business Administration and 20% fail in the first two years of being open according to the Bureau of Labor Statistics.

And so CD Fis and other community organizations often provide that technical guidance to help you think through how can you qualify and apply for federal and state programs.Um How do you think about negotiating commercial leases, all types of, of technical expertise that you can use for your business.HS2 chiefs ask for extra train doors in a move that could cost taxpayers ‘tens of millions’

 

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