Episode 112 - The Small Business Ecosystem Drives Growth

The POWER of Small Business

Small business is not static. 500,000 new companies start every year, 80% of which are single person operations. How many more people do you believe are 'thinking' about starting a new venture at any given time? 2 million? 5 million? Those numbers are pretty big... but the travesty is that two thirds of those companies ultimately fail. In the previous episode, Steve Olds explained why the apprentice mindset is crucial to what he calls the Small Business Ecosystem. The apprentice must begin with 3 tough questions that ultimately lead them to be ready to build the absolute best business for them... with the right type of support. In Episode 112, you'll learn why establishing an apprentice mindset at large drives stakeholders in every local community. Young apprentices can become mentors in a nano-second. The reason is because technology can be a great equalizer in the local, regional and national small business ecosystem. At the same time, older mentors can become apprentices in technology... this an other ideas are explored in this edition of The POWER of Small Business.