STARTUPS

Empowering impact and success

STARTUPS

Empowering impact and success

MPWRSource empowers startup businesses by helping with strategizing for growth with business and marketing plans, market research, marketing management and implementation services, as well as providing peace of mind and efficiency with reputation protection services, human resources services, business operations planning, IT solutions and data management.

45% of startups fail due to lack of capital or profitability. According to the United States Bureau of Labor Statistics, roughly half of all startups fold by their fifth year.  Why?  Oftentimes it is from lack of preparation. The #1 reason startups fail is because there is no market for their goods or services. The second most common reason is lack of funding.  The third reason many startups fail is the lack of chemistry and teamwork between employees.

Many entrepreneurs make the mistake of thinking their business will be an overnight success and jump quickly to action with little preparation other than some funding and the seed of an idea. A new business will typically need to run for at least a year (often 3 years) before it begins to show a profit, and in the interim, all existing funds should be reinvested to grow your business.  Most entrepreneurs are middle aged men and women with experience in their chosen field who want to be their own boss. Studies of profitable startups have shown that having an impact-driven founder is essential.  The commitment and drive that it takes to persevere as an entrepreneur cannot be underestimated. 

 

MPWRSource excels in creating growth driven market plans and strategies and helping small businesses find their “why”.  With thorough research, buyer personas, and forward-facing business plans, as well as access to human resource advisory services, your startup can be ready to enter the fray with the full battalion of superhero services at MPWRSource’s disposal.

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