Scary Statistics

53% of college grads are underemployed or unemployed and 70% of college grads have degrees they can’t apply in the workforce. This is one reason why the self-employment lifestyle is gaining ground. These days, the word startup is so common that people consider starting up their own business as a viable alternative to self employment. Unfortunately, less than half of startups survive 5 years. I’ve seen many companies fail. Since one of the best ways to keep a company alive is to have accurate reporting data, be sure to keep good bookkeeping records as that is where you’re likely to look first when trying to improve profitability and make it through those first few years.

Posted in management, professional bookkeeping, The real numbers

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