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Survival Stats Two-thirds survive at least 2 years; 44% survive at least 4 years;

Survival Stats Two-thirds survive at least 2 years; 44% survive at least 4 years; 31% survive at least 7 years. Small Business Facts Represent 99.7% of all employer firms Employ nearly half of all private sector employees Pay nearly 45% of total U.S. private payroll

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Survival Stats Two-thirds survive at least 2 years; 44% survive at least 4 years;

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  1. Survival Stats • Two-thirds survive at least 2 years; • 44% survive at least 4 years; • 31% survive at least 7 years.

  2. Small Business Facts • Represent 99.7% of all employer firms • Employ nearly half of all private sector employees • Pay nearly 45% of total U.S. private payroll • Have generated 60 to 80% of net new jobs annually over the last decade • Are 52% home-based and 2% franchise • Hire 40% of high tech workers • Produce 13 times more patents per employee than large patenting firms

  3. Survival Factors • Ample supply of capital • Being large enough to have employees • The owner’s education level • The owner’s reason for starting the firm Source: www.sba.gov/advo

  4. University of Houston Small Business Development Center Network • Originated in 1984 • Economic Development for UH and Bauer College of Business • Responsible for 32 counties in lower Gulf Coast area bordered by Lufkin to the North, Beaumont/Pt. Arthur to the East, Galveston to the South, and Brenham/Bryan/College Station to the West • Fifteen full time service centers in partnership with universities, colleges, and EDCs • Partner with Gulf Coast Regional Center of Innovation and Commercialization

  5. Four core business lines • Free confidential business consulting • Business workshops and seminars • Business research library with librarian • Facility rental (computers labs, conference rooms, and meeting rooms)

  6. Start-up/Early Stage Companies • Feasibility • Develop business plan • Market & industry research • Technical support – University resources • Financing proposal • Presentation skills

  7. Existing small and medium size businesses • Help develop business strategy/business plan • Market segmentation and product alignment • Sales strategy • Financial analyses • New market evaluation • Government contracting assistance

  8. Training Services • Wide range of training workshops/seminars • Fundamentals of starting a business • Specialty businesses • Using technology (software) and websites • Financial tools • Marketing • Special certifications • Accessing Government Contracts • Customized training (onsite/offsite) • Full service meeting facility rental

  9. Robert Goss • The Veterans’ Attorney • www.attorneyforveterans.com • Business plan assistance • Patriot Express Loan • Marketing strategy and materials

  10. Jared Harrison • HIT FIT, the Health Solution • www.myhitfit.com • Marketing plan • Adding new products/services • Web site development

  11. Business Research Library • A print, video and electronic business reference library containing entrepreneurial, economic and demographic materials.

  12. Professional Services Network (PSN) • A referral service to provide small businesses with affordable access to professional services.

  13. The Houston Chronicle • Look in Sunday’s Business Section for calendar listings, small business Q&A, and feature stories.

  14. Bibliography • Michael Gerber, The E-Myth and The E-Myth Revisited • Howard L. Shenson • The Complete Guide to Consulting Success • The Contract and Fee-Setting Guide for Consultants and Professionals • Shenson on Consulting • Alan Weiss • Getting Started in Consulting • Million Dollar Consulting

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