In the last write up under Systems & Structures on Bizaura.com, I tried to make a strong case for the need for systems and structures if our dream businesses were not only going to become a reality but thrive and last long, even outlive us (and why not?!).  I did promise to get into one of the many reasons why our businesses tend to have no systems and structures: the kinds of people who attempt to start a ‘business’ of their own and why they do so, in the first place.  We shall look into this and find an antidote today.

You can imagine how startled I was when I found out that every year over one million small businesses are started in United States! Even more startling was the Department of commerce’s report that by the end o the first year, at least 40% of these would be out of business! Believe it or not the most startling fact of all, is not even that within the next five years more than 80% of these one million (i.e. 800,000 businesses) would have also failed but of the survivor-businesses that make it past year five, 80% would die by second of the next five years! In other words, given any year in which 1,000,000 businesses are started, only 4% of them will still be in existence after a 10 year period.