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What We Can Learn from 20,000 Small Businesses

This week, we’re offering our resource, the Top 10 Business Books for New Entrepreneurs, to help you learn best practices in starting a business.

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About This Episode

What do new small business owners need to know? What are some challenges and opportunities they are facing right now?

J.R. McNair, a small business consultant who is considered to be one of the nation’s foremost experts on startup businesses, joins us to talk about just that. He’s also the founder of The Velocity Accelerator and Small Business Day, the nation’s largest startup launch event. He’ll chat with us about some trends he’s seeing in small businesses and what we can learn from the thousands of small businesses he’s worked with.

1. Make the decision to constantly educate yourself.

The old saying “leaders are readers” is true. Absorb as much information as you can and then put it into practice. Look for opportunities to learn, like listening to audiobooks while in traffic.

2. Small businesses are currently struggling with a lack of community.

Because of the pandemic, people haven’t been getting together as much and that has definitely affected small business owners who need support.  Find other ways to stay connected and communicate through social platforms while still seeking opportunities to get in person when you can.

3. Small businesses owners should always know what resources are available to them.

Reach out to your accountant or business manager to learn about and get access to any capital that is available. When windows are open, you have to take advantage of them because eventually that window will close. Take the time to know what’s out there.

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