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Interview Patty

What Makes Small Businesses Successful?

What makes them tick

In an effort to determine what makes these small business owners successful, they’re interviewing entrepreneurs who have been in business for five or more years. They wanted to know what helped them beat the odds. He’s been doing this for long enough I doubt he was expecting any surprises, but he’s had a few. Traveling across the heartland of America has put him on the doorstep of a number of small business owners who share similar motivations for owning their own small businesses and what they think makes their businesses successful:

 They wanted to stay in their hometown and help the community grow: He was surprised that none of the people he’s interviewed said money was their prime motivator—although many of them have very successful and profitable businesses. “The Silicon Valley model has hijacked entrepreneurship,” said Glauser. “It doesn’t need to be a model that scales quickly to enable a quick and profitable exit to be successful. $2 million in annual revenues and eight to ten employees is a very viable business that can thrive long term.”

  • They wanted to stay in their hometown and help the community grow

  • They’re not interested in an exit, they’re interested in solving a market need

  • They love getting their hands dirty doing the real work of the business

Read the full article at: forbes.com

Patty Block, President and Founder of The Block Group, established her company to advocate for women-owned businesses, helping them position their companies for strategic growth. Charting the course for impactful, sustainable, profitable businesses, the beacon is control: of your strategic direction, your money, your time, your staffing, and your ability to bring in business. The Block Group brings together the people, resources and ideas that build results.

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