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"The Guardian Life Small Business Research Institute report hopes to explain why only 1 in 2 small businesses will survive more than five years, according to Small Business Administration figures. The study - called Six Dimensions That Characterize Success-Oriented Small Business Owners - is based on analysis of a survey of 1,100 small businesses with between 2 and 99 employees. (The Institute is run by the Guardian Life Insurance Company of America, and it conducts ongoing research on what it calls "the Index of What Matters Most" to small businesses.) Top of the list for successful entrepreneurs is the ability to collaborate. Those who can delegate, build strong relationships with their management teams, employees, and others are more likely to click with customers."

"At its most basic, the income statement is a breakdown of revenue and expenses. But there's a lot more to be gleaned from it. Here's how to properly analyze and understand the daunting financial report."

"Are you one of the millions of people inspired by The E-Myth Revisited? E-Myth Worldwide is the company behind the book. It was our decades of hands-on experience that inspired the book, and it is our day-to-day work coaching and training business owners to succeed by applying the E-Myth business development system that has made our company the leader in coaching for more than 30 years."

It's tough for small companies to compete in the sale of commodities, and I had to give Gary the bad news that his Sea Sheller had indeed become a commodity. He had little, if any, chance of protecting his niche against larger competitors that could buy from the manufacturer in far greater quantities than he could and that could afford to use the Sea Sheller as a loss leader.