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Did you know that an increasing number of businesses are closing and fewer are being incubated? This was revealed by a paper published by the Federal Reserve Bank, Cleveland, which traced entrepreneurial development over a few years. The paper showed that more businesses closed in 2009 than during the economic meltdown in 2008. In fact, the rate of business closures increased by 11.6% in 2009, as compared to the figure recorded for 2007. Moreover, the paper found that 115,795 few businesses were founded in 2009 than in 2007, registering a 17.3% decline in business formation. Why are businesses not performing? Is economic pressure the only reason? Is there no way to overcome external hindrances?
Infuse Passion Into What You Do And Reap The Benefits
In the US, 75% of the people experience stress related symptoms in any given month, according to a study published by the American Psychological Association in 2007. While 77% Americans experience physical symptoms, the study indicates that 73% experience psychological symptoms. Taking your business or team to success is never easy. However, passion can ensure that you enjoy what you do and make it easier to put in the effort required for success. Passion triggers enthusiasm and motivation that give your business the muscle to face the hard times. Being passionate about your business brings very positive changes to your business and to you. It gives you much more than you ever expected. You can:
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