Archive for October 20, 2016

What Makes Small Business Owners Succeed? Market Research is One Key Component

Written by Computer Keyboard Picture on . Posted in Custom rotational molded plastic product developme, Laundry truck, Rotomolding

Plastic bulk containers

Every year, more than 5 million new American business owners do their best to take their companies from the ground floor to the stratosphere: unfortunately, most new businesses fold after the first year. The percentage of businesses that can survive more than five years remains relatively low. What is the secret to forming a successful small business? Are there any tips and tricks that successful entrepreneurs know that they’re not telling the rest of us? An important aspect of getting a business up and running is knowing your local audience, but internet marketing and advertising is also vital in this era of ecommerce.

Some entrepreneurial magazines recommend that new business owners think about their investment costs versus their reach, which means that you want to be sure that you can rec