JACKSONVILLE, FL, July 03, 2015 /24-7PressRelease/ -- Supreme Equity Marketing supporters of entrepreneurship have reviewed the state of SMEs in the USA and shared what they believe it takes to excel as a small business owner.
About Supreme Equity Marketing: http://www.supremeequitymarketing.com
According to SBA there are currently 28 million small businesses in the U.S. There are 28 million small businesses in the U.S. Small businesses are providing a large percentage of job opportunities with the report outlining that they created 63% of new private sector jobs and 42% of private sector payroll.
A new report by On Strategy claims that 66% of new businesses survive for at least two years, 50% make it through at least four years, 40% make it to six years and 33% make it to 10 years. With the statistics showing a high rate of failure for new businesses, Supreme Equity Marketing believe the number one reason for this is running out of money too quickly. Their business plan hasn't been strong enough and the financial projections haven't been accurate. Start-ups were affected by the recession, with banks no longer willing to give loans to new businesses.
Another reason businesses fail is overconfidence in their product. Before launching it is crucial to test the market in order to determine whether there is demand for what they are selling.
The third biggest problem for small businesses is a poor pricing strategy, where competitors may have a cheaper solution. SME's must be willing to lower their price, while still allowing enough margins to cover overheads.
It takes a lot of passion, drive and commitment to make a business work, and many people collapse at the first hurdle.
Supreme Equity Marketing, direct sales and marketing specialists based in Florida, are supporters of entrepreneurship and take a keen interest in SME activity across the U.S. They have a business development program which is specifically aimed at individuals with entrepreneurial spirit. It teaches and trains people about all aspects of the firm's business fundamentals including; campaign management, brand protection, sales and marketing strategies, motivational and public speaking. They then allow individuals to put into practice what they have learned in a stress free environment. Within 6-12 months participants will have acquired a wealth of skills and knowledge, within marketing and sales industry, to be able to run their own business.
Supreme Equity Marketing specialize in unique and engaging direct marketing campaigns, using face to face customer interactions to build customer loyalty and increase sales for a wide range of clients throughout Florida.
Based in Florida, Supreme Equity Marketing's campaigns are inventive yet very target focused, and can be adapted to suit any industry. The firm ensures that all their clients receive a quality service at a competitive cost as well as guaranteed results.
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