In creating and growing your business as an innovative entrepreneur, you’re in good company with business leaders worldwide. Your Ei Center global partners are already helping +20 million people around the world to create and grow their business and live their dream.
In being successful, it’s not just about the money you gain. You get to do what you want, pursuing your passion when and how you want, and you could make the world a better place at the same time.
When you think about creating and growing a business, you are providing more help for more people in more ways than has existed before. Whether it is in meeting previously unmet needs, helping communities, or new approaches to sustainability — your innovation and marketing is what will bring your community to you.
Creating and growing your business and making the world a better place can be one of the greatest successes you experience in your life. The names of many Ei ACES® are well known entrepreneurs and innovators famous for creating successful businesses and enhancing the experiences and quality of life around the world.
Overcome Your Entrepreneurs Innovation Journey Challenges
Entrepreneurs and innovators often face significant challenges along their journey. According to the U.S. Bureau of Labor Statistics, approximately 20% of small businesses fail by the end of their first year. By the end of their fifth year, roughly 50% have faltered. After 15 years, only around a quarter of businesses have survived.
While the small business failure rate is a significant loss of opportunity, it doesn’t have to be that way. With research, planning, and flexibility, you can avoid many of the challenges of a new business and be part of the 25% that successfully create and grow to 15 years and beyond. Many common business problems and challenges are actually fixable. Many times, you’ll find you need to take a step back, assess your challenges, and optimize your strategy.
For example, as Investopedia has noted, the top six reasons for small business failure include:
- Not investigating the market enough
- Business plan problems
- Too little financing
- Challenges in physical location, internet presence, and marketing
- Lack of flexibility to optimize new opportunities
- Expanding too fast so that costs exceed revenue and resulting in cashflow challenges.
Your Ei Center and partners help you overcome these challenges.
Even when small startups become larger businesses, the challenges can continue. As HubSpot has indicated, the top ongoing challenges for businesses include:
- Finding new customers
- Increasing brand awareness
- Building an email list
- Lead generation
- Delighting customers
- Hiring talented people
- Managing workflow
- Financial planning
- Scaling business growth
Again, your Ei Center and partners help you overcome these challenges.
Our award-winning team has been fortunate to be able to help many people with their creative projects in a variety of organizations, ranging from startups to Fortune 500 companies.
Your Ei Center helps you create and grow more simply, easily, and successfully. Benefit from over +250 solutions from your Ei Center global partners, already helping millions worldwide.