Nearly two-thirds of new businesses opening today won’t survive for ten years.
Numbers from the Bureau of Labor Statistics show, 20% of new businesses opening right now won’t even make it for two years. Those are daunting numbers for entrepreneurs who’ve dreamed of opening their own business, but there’s a group in the Triad that’s reaching out, giving business owners hope, and more importantly, the tools to survive with the help of the Winston-Salem Foundation.
“We do this number one because we are passionate about helping folks, we’re passionate about seeing entrepreneurs not just get the doors open but keep the doors open,” says Calvin Patterson, President of the Winston-Salem Black Chamber of Commerce. “We’re passionate about lifting the tide for all boats in our Triad area in terms of successful entrepreneurship.”
The chamber started with a small meeting in a library back in 2002 and focused on how to give minority-owned businesses a stronger chance to thrive. Patterson says today, the nonprofit provides an important bridge for small businesses on the road to big success — one no other agency can provide.
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