Going it alone as a business owner is incredibly tough. According to data from the Bureau of Labor Statistics, roughly 20% of small businesses fail in their first year, and about 50% fail by year five. Often, these failures aren’t due to a bad product or a lack of passion, but rather avoidable missteps in cash flow management, regulatory compliance, or marketing.
Navigating the startup phase with the Kaysville Small Business Development Center (SBDC) at Davis Tech can give you a big competitive advantage.
By booking a free, one-on-one management counseling session, you’ll get tailored support for every phase of your business:
- The Idea Stage: Understand your finances, map out your customer base, analyze competitors, and explore funding options.
- The Launch Phase: Refine your business plan, set up training, and establish a solid financial foundation.
- The Growth Stage: Master marketing, hire qualified employees, navigate legal and tax requirements, and level up your customer service.
- The Scaling Phase: Dive into advanced financial analysis, target advertising, and optimize your website and social media presence.
From a spark of an idea to a fully scaling company, the local SBDC can help your small business thrive. Get access to free, personalized business coaching and low-cost training through the Davis Tech Business Resource Center. They’ll help you navigate finances, funding, marketing, hiring, and legal steps at every stage of your journey.
Contact the Business Resource Center at Davis Tech today to schedule your free session!