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Starting A Business: Good To Great By Jim Collins

1332 Words6 Pages

Starting a business can be a difficult task, and many statistics have shown that businesses fail in the first few years. According to an article published by the Chamber of Commerce about the Bureau of Labor Statistics, they concluded that 18% of small businesses fail in their first year, while 50% fail after five years and around 65% by their tenth year in business. These statistics can be discouraging for anyone who is considering starting a business or who is already running one. However, it's important to remember that greatness is not a function of circumstances. Greatness, it turns out, is largely a matter of conscious choice, as stated by author Jim Collins in his book, "Good to Great." This means that with the right guidance and support, …show more content…

They serve as a starting point for people to obtain knowledge and insight about what it takes to run a successful business. These guides can provide precedents for future business success and help individuals understand the challenges that come with owning a business. Moreover, with other people's experiences and learning from their mistakes, people can gain valuable insights into what works and what doesn't. Ultimately, business guides can be a starting point in changing someone’s life, enabling people to face more challenges, knowing that others have faced and overcome the same challenges, and developing a broader perspective that will benefit the business. A business guide can be a starting point in changing someone's life. An opportunity for something to help them at whatever stage they are building their business. A business guide might be the starting point people need. It can provide people with valuable insights and tips, regardless of what stage in the business is in. A business guide can help motivate and focus on goals, whether you’re just starting or feeling

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