What the numbers say
- The Bureau of Labor Statistics tracks how long new business establishments survive in its Business Employment Dynamics data. CityWay sums up the long-run picture this way: roughly 70% of new small businesses fail within their first ten years.
- That isn't a reason not to start. It's a reason to start with support, a plan, and people who have built businesses before.
Where businesses usually get stuck
- Founders rarely fail for lack of effort. More often, a business outgrows the owner's systems: cash flow isn't tracked closely, pricing doesn't cover the real costs, sales depend on one person, or there's no plan for hiring and managing people.
- The fix is usually unglamorous: clear vision and values, simple financial habits, a repeatable way to find and keep customers, and someone outside the business asking hard questions on a regular schedule.
What CityWay brings
- Entrepreneurship is one of CityWay's five pillars. CityWay describes it as decades of business experience poured into the founders building from the ground up, and offers education and coaching for entrepreneurs.
- To ask what's available now, use CityWay's contact form and choose "Education & coaching for entrepreneurs."
Free help beyond CityWay
- The U.S. Small Business Administration's business guide walks through planning, launching, managing, and growing a business.
- The Orange County Inland Empire Small Business Development Center offers no-cost advising for businesses in the region.