The Small Business Administration (SBA) reports that 20% or small businesses fail in the first year, 50% fail after 5 years, while only 33% will make it to 10 years or longer. Successful business owners must be able to handle and mitigate company-specific risks while simultaneously providing a product or service that will meet customer expectations and budget. To ensure continued success, it is important to understand required costs, proper management, and delegation of responsibilities.
Financial hurdles, inadequate management, ineffective business planning, and overlooking responsibilities outside day-to-day operations represent the biggest challenges for small business growth and development.
The On Hand dashboard provides insight into the efficiency of your company and your company’s finances. On Hand collects critical information that accountants and financial advisors can utilize to help understand company expenses. Identify key areas in worker management and workload and address any management inefficiencies. Set up projects to realize the marketing goals of your company. On Hand is a tool to help fill the gaps of a company’s developing management structure.