According to a study by the U.S. Small Business Association, only two-thirds of all small business startups survive the first two years and less than half make it to four years.
Of all the new business startups, one-third eventually turn a profit, one-third break even, and one-third never leave a negative earnings scenario.
With numbers like that, it's no wonder so many would-be entrepreneurs think twice before taking the plunge.
Often, small businesses have the same issues as families - pressing financial demands, limited funds, and ineffective planning or budgeting. Frequently, the Small Business Owner does not know where to turn.
Small Businesses, across Western New York, now have a resource to help them with their financial problems.
In response to the statistics and to help potential entrepreneurs, Consumer Credit Counseling Service of Buffalo Inc. (CCCS Buffalo) will hold a free one hour "Credit Counts" for small business seminar. This was created with the intent to assist small business owners with their emerging businesses.
The seminar will be held on Nov. 16 from 8 to 9 a.m. at Lake Shore Savings Bank. 128 E. Fourth St., Dunkirk.
Coffee and refreshments will be provided.
For more information or to RSVP, Contact Carissa DiRado 712-2075 or email@example.com
"Credit Counts" is a comprehensive overview of what information is on your credit report and how your credit score is determined. We will guide the participants through the process of pulling a free credit report. We also review valuable tips and suggestions are given to build, rebuild, and protect your credit as well as increase your credit score.
In July, CCCS Buffalo launched a small business counseling program. The seminar is one piece of a comprehensive program.
With trained and certified financial counselors, CCCS Buffalo is making its service available to ALL Small Business Owners across Western New York.
CCCS Buffalo can help small businesses with the following:
For more information, on Consumer Credit Counseling Service of Buffalo, Inc., call 712-2060 or www.cccsbuffalo.org.