Did you know that 5,400,000 new businesses were launched in 2021, decimating the previous record of 4,400,000 new business that were launched only a year before in 2020!

According to an article published by NPR, “the U.S. Census Bureau last month disclosed that a whopping 5.4 million new business applications were filed in 2021, surpassing the record set in 2020 of 4.4 million.” If you were one of those 5,400,000 people who decided it was time to chase their dream and start their own business, this post will help you prepare for life as an entrepreneur in ways you may have never considered!

Want to learn the secret to running your own business? Be sure to reach on!

The key to running a successful business is actually quite simple: educate yourself. We fear what we do not understand, but thankfully CORE Business Analytics has the information you need to alleviate your fears. For example, our IBISWorld research membership serves as a tremendous resource for entrepreneurs and industry prospectors. Let us know what information you need, and we can provide it for you!

Founded in 1971, IBISWorld provides trusted industry research on thousands of industries worldwide. Our in-house analysts leverage economic, demographic and market data, then add analytical and forward-looking insight, to help organizations of all types make better business decisions.

https://www.ibisworld.com/company/our-story/

IBISWorld is only one of many resources available to you, the US Department of Labor and the US Census publishes demographic information about many different economic markets. The key is to learn everything you can about your industry. Read as many books as possible, subscribe to newsletters, join online communities and above all else be sure to network with your local business owners. In doing so, you will gain invaluable insight into such areas as: how much does a similar business earn in revenue, what are their average expenses, what are the key aspects to their operations that allows them to run their business efficiently, the list goes on and on

Empowered with information, business owners can make more informed business decisions. Refine your operations, establish more defined goals and targets, and build the most complete version of your business model possible!

CORE is the business ally you have been waiting for!

From basic financial analysis to sophisticated financial forecasting, from documenting your formal business plan to building your comprehensive operations manual, from basic marketing strategies to advanced website development, CORE is the business ally you have been waiting for!

Alleviate your business fears, take your business dream by the reigns, and together let’s build the business you deserve! Give us a call today!