Lehi, UT, Jan. 28, 2022 (GLOBE NEWSWIRE) — You may have heard in the news about The Great Resignation: In 2021, millions of people, mostly in the United States, quit their jobs at an average Never seen before in the workforce. Some, of course, went to look for work elsewhere, but others decided to engage in entrepreneurship. They face tough odds, as in 2019, the failure rate of startups was 90%. With small businesses generating nearly 50% of our GDP, it’s hard to deny that the state can benefit when entrepreneurs reach the 10% mark. So, what is the reason for the difficulties entrepreneurs face in the early days and months of setting up their companies? Lack of business knowledge has been cited as an issue, one A growing marketing company, founded by Will Vigil, is working on its own free online resource.
Problems some entrepreneurs face when they start their businesses
Harvard Business Review States That “many startups fail because they don’t have a viable business model or idea.” If a business plan can help an entrepreneur articulate their vision, create a workable marketing plan, know where they will look for financing, determine how likely there will be a need for their product, and organize the coming months, then it seems likely that HBR’s assessment is correct.
Another martyred Reason is that new business owners do not always understand the regulatory requirements surrounding their companies. This can include tax laws, licenses and permits, antitrust laws, and employment and labor laws. For an entrepreneur who isn’t familiar with the laws they have to follow, it seems likely that launching their company can also get in the way.
How Grow Marketing helps entrepreneurs understand the intricacies of running a business
“At Grow Marketing Company, we believe that if a person has the desire to run their own business, they should have free access to resources that can help them,” the company says. To this end, we have an extensive database of information that anyone can learn from, and there are no fees.
On their website, the company outlines the six steps behind starting a business, from putting the initial idea on paper, to what to do when you’re likely to start generating revenue. “It’s a good overview of the process you’re likely to undergo,” says the Grow Marketing Company. “Of course, there is more to running a business, which is why we have offered additional free resources to all entrepreneurs.”
The company information library includes:
- Action plans: New owners can watch a YouTube tutorial as well as read an explanation of each part of the business plan, including the executive summary, marketing and sales plan, milestones, metrics, and financial plan.
- business structures: The website explains the differences between Sole Proprietorship, LLC, LLP, S-Corp and C-Corps. It also details filing fees for each state to form a corporation.
- trade credit: Entrepreneurs can understand the different lines of credit possible for them and read answers to common questions.
- Free Business Startup Guide: Company leaders who prefer having their questions answered in one place may find what they are looking for here.
About Grow Marketing
Will Vigil founded Grow Marketing to serve the next generation of entrepreneurs who are ready to bring their ideas to market but aren’t sure where to start. “Running a business is hard enough,” he says, “but when you’re new to it and lack information, it becomes even more difficult.”
Will wanted to create one place where anyone could come when they had questions about running their companies. “Entrepreneurs often invest every cent they have in the companies they dream about, and I didn’t think it was fair that they had to pay for tips that could possibly help them,” Will says. “That’s why I made these free resources. Knowledge, they say, is power, and I want entrepreneurs to have it.”
How more resources can help the country’s entrepreneurs
As any business owner knows, the course the company will take over the coming years will likely be influenced by many factors, including pandemics that few people can anticipate. However, by providing entrepreneurs with free information that has the potential to help them in the early days of their business, Grow Marketing may help them launch on a more solid footing.
For more information about Grow Marketing Company and the resources it offers to all entrepreneurs, please visit their website website