According to studies performed by the Small Business Association (SBA), approximately 50% of small and medium businesses in the US fail within 5 years. It doesn’t take a business expert to find out why (anyone with a computer and internet access can read endless articles citing this statistic and enumerating the pitfalls) but it does take a business expert to avoid them!
While there are some variations within these reports, they all agree that staffing beyond the companies capacity to support salaries and ill-timed growth as main contributors. In addition, the attempts of the founders/visionaries to manage the back end operations themselves or by staffing internally (and taking on salaries that exceed their revenue) are noted as huge factors in the survivability of a small business.
But you do not need to become a business statistic; Sierra Vista Management can help your business succeed! Our seasoned experts have established relationships with CPA’s, attorneys, benefits providers, E&O/Liability Insurance Providers, Merchant Service Providers and Banking (to name a few) as well as a veteran staff of experts ready to help you!