ARTICLE SUMMARY: With the advent of computers and the internet starting a business in this day and age is fairly simple.

You invent or improve a product or service, create a website and off you go, and while this statement may be an over simplification, that’s the easy part.

The hard part is staying in business. Approximately 20% of startups fail in the first year, 45% during the first five years, and 65% during the first 10 years. Only 25% of new businesses make it to 15 years or more. That’s scary.

6 Key Components of an Organization” by Nora Guerrera gives you a long term strategy to keep your business from falling by the wayside. A few suggestions to look at are

  • Your Purpose and Pursuits
  • Who You Aspire to Be
  • A Clear Current and Future Strategy

You’ve worked hard to get to this point and need all the help you can get to not loose what you put your heart and soul into.

So, when your ready to strike out on your own this article will help you create and run a successful organization that’s well-balanced, innovative, efficient, evolving and grounded with a great culture and honest accountability.

This is well worth reading even if your just toying with the idea of starting your own business.

Let us know what you think in the comments.