Entrepreneurship is one of those competitive sports. The more competition there is, the greater the risk. Gone are the days of putting stickers on bananas and calling it marketing. As these standards are raised, it becomes harder to compete and easier to fail. According to research conducted by Shikhar Ghosh of Harvard Business School, 75% of venture capital startups fail. These are well-funded but failed companies. According to Statistical Brain, the bankruptcy rate of all US companies is 50% after 5 years and 70% after 10 years. These numbers are hard to ignore, and it's hard to argue that business owners and executives need guidance.
The million dollar question: Where can I find this guide? First, you need to understand that you need a business development consultant in New Jersey. People know they need a lawyer to review contracts and provide legal advice. They know they need a CPA or accountant to advise them on tax and reporting issues.
Why do so many entrepreneurs fail to understand how important consultants are to your business? After all, you don't need a lawyer or an accountant at all if your business goes bankrupt, but many small business owners try to handle everything themselves rather than protecting their business from real risks such as inexperience or poor management, bad decisions. Time will determine your progress or downfall.
A business consultant in New Jersey can give you the tools to make time work for you, not against you. But where in the world can you find so many business consultants? My answer is… New Jersey as it is fast paced and very competitive. The difference between a business consultant in New Jersey and a business consultant in the Midwest is the difference between a quadruple espresso and a good cup of coffee. There's nothing wrong with that. But if you want to accelerate your sales and add rocket fuel to your growth, consider choosing from the highly competitive and high-paying pool of financial advisors in New Jersey