#BeTheThirty

According to the US Census Bureau, there were more new US businesses created in the last quarter of 2020 than any other quarter in history. The reasons are both obvious (pandemic induced layoffs and unintended stimulus funds creating “accidental entrepreneurs”) and subtle (employees who have come to understand that “job security” is an illusion at best). 

At Breakaway Bookkeeping and Advising, we know that our clients start new businesses for many reasons, including job satisfaction (small business owners report 40% higher engagement than that of an employee), job creation (small businesses account for more than 60% of new jobs in the US), wealth creation (more than 60% of US billionaires are self made), and, because it is fundamentally who they are.

It isn’t easy - which the statistics bear out. 20% of small businesses fail in their first year, 30% fail in their second year, 50% fail after five and, finally, 70% fail in their 10th year in business.

Our Breakaway advisors don’t like those odds. We believe in entrepreneurs. We believe in small business. And, most importantly, we believe in success, however our clients define it. 

How do our advisors ensure that our clients are among the 30% of businesses who grow and thrive into the future? Check back every Wednesday for more tips on how to #BeTheThirty.