We’re planning a birthday party ‘round here. On Wednesday July 9th Something More will turn 5 years old. That’s a milestone for several reasons. First, as any business owner knows, the first four to five years are considered the “survival years.” Even with young children, the first five years are known to be the “survival years”—the child has either survived marbles up the nose, peas in the ears, drinking from the dog bowl, playing dress-up with older siblings, or playing peek-a-boo in the refrigerator. Yes, I’m writing from experience—but I digress. Back to business.
Surviving the first five years in business is tough. According to Entrepreneur Media, each year one out of 12 businesses in the United States closes its doors
According to a recent study, from the SBA’s Office of Advocacy found: “Small businesses continue to be incubators for innovation and employment growth during the current recovery. Small businesses continue to play a vital role in the economy of the United States. So its fitting that we celebrate our anniversary the same month as our great country does.