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Survival Stats Two-thirds survive at least 2 years; 44% survive at least 4 years; 31% survive at least 7 years. Small Business Facts Represent 99.7% of all employer firms Employ nearly half of all private sector employees Pay nearly 45% of total U.S. private payroll - PowerPoint PPT Presentation
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• Survival Stats
Two-thirds survive at least 2 years; 44% survive at least 4 years; 31% survive at least 7 years.
• Small Business Facts Represent 99.7% of all employer firms
Employ nearly half of all private sector employees
Pay nearly 45% of total U.S. private payroll
Have generated 60 to 80% of net new jobs annually over the last decade
Are 52% home-based and 2% franchise
Hire 40% of high tech workers
Produce 13 times more patents per employee than large patenting firms
• Survival Factors
Ample supply of capital
Being large enough to have employees
The owner’s education level
The owner’s reason for starting the firm
Source: www.sba.gov/advo
• University of Houston Small Business Development Center Network
Originated in 1984 Economic Development for UH and Bauer College of Business Responsible for 32 counties in lower Gulf Coast area bordered by Lufkin
to the North, Beaumont/Pt. Arthur to the East, Galveston to the South, and Brenham/Bryan/College Station to the West
Fifteen full time service centers in partnership with universities, colleges, and EDCs
Partner with Gulf Coast Regional Center of Innovation and Commercialization
• Four core business lines
Free confidential business consulting
Business workshops and seminars
Business research library with librarian
Facility rental (computers labs, conference rooms, and meeting rooms)
Start-up/Early Stage Companies
FeasibilityDevelop business planMarket & industry researchTechnical support – University resourcesFinancing proposalPresentation skills
Existing small and medium size businesses
Help develop business strategy/business planMarket segmentation and product alignmentSales strategyFinancial analysesNew market evaluationGovernment contracting assistance
• Training Services Wide range of training workshops/seminars
Fundamentals of starting a business Specialty businesses Using technology (software) and websites Financial tools Marketing Special certifications Accessing Government Contracts
Customized training (onsite/offsite)
Full service meeting facility rental
• Robert Goss
• The Veterans’ Attorney
• www.attorneyforveterans.com
– Business plan assistance– Patriot Express Loan– Marketing strategy and materials
• Jared Harrison
• HIT FIT, the Health Solution
• www.myhitfit.com
– Marketing plan– Adding new products/services– Web site development
Business Research Library
•A print, video and electronic business reference library
containing entrepreneurial, economic and demographic materials.
Professional Services Network (PSN)
• A referral service to
provide small businesses with affordable access to professional services.
The Houston Chronicle
• Look in Sunday’s Business Section for calendar listings,
small business Q&A, and feature stories.
Bibliography• Michael Gerber, The E-Myth and The E-Myth Revisited• Howard L. Shenson
– The Complete Guide to Consulting Success– The Contract and Fee-Setting Guide for Consultants and
Professionals– Shenson on Consulting
• Alan Weiss– Getting Started in Consulting– Million Dollar Consulting