What – or whom – do you believe?
Senator Rand Paul (R-KY) who declared this in January:
“What he [President Obama] misunderstands is that nine out of 10 businesses fail, so nine out of 10 times, he’s going to give it to the wrong people. He gave $500 million to one of the richest men in the country to build solar panels, and we lost that money.”
Bloomberg, who, in 2013 reported this alarming statistic that was picked up by the likes of Forbes.com:
“According to Bloomberg, 8 out of 10 entrepreneurs who start businesses fail within the first 18 months. A whopping 80% crash and burn.”
The Small Business Administration who reports this:
“About half of all new establishments survive five years or more and about one-third survive 10 years or more. As one would expect, the probability of survival increases with a firm’s age. Survival rates have changed little over time.”
Statistic Brain, that compiled this chart showing a 50-50 split in startups after four years.
Whoever you’re inclined to believe, or whatever you do believe, know this – At Active Screening, we want you to succeed. Doing so, though, requires quite a bit of planning, budgeting, creating, promoting… there are countless ‘ing’s’ you’ll need to take care of.
Worrying about your cash flow should be one of them. Money matters are one of the top reasons businesses fail. Here’s a few of the most common and detrimental mistakes (courtesy of Statistic Brain):
- Emotional Pricing/No knowledge of pricing
- Living too high for the business
- Poor credit granting practices
- Lack of financial responsibility (taxes, borrowing)
This last one is especially heartbreaking to us because fraud is preventable. Active Screening understands how important your dollars are. As a small business ourselves, we know how hard you’ve worked to get your business off the ground and the time, energy and money it’s taken to keep it up and running. The fact that a slimy employee can strip that away from you without your knowledge is sickening.
This law firm website has outlined 5 of the most famous cases in America. Click on each name for more information:
Not every case of embezzlement is created equal, either. It’s important to understand the different types of embezzlement. Click on the types below to read how one Massachusetts attorney defines them:
Cyberheist is also an increasing issue. This faceless crime can force you out of business before you even realize your money is gone.
Active Screening can help protect you from fraud, theft, embezzlement and other unlawful acts by performing background checks on job seekers and current employees. Our screening process is cutting-edge and timely. Best of all, it’s affordable.
Investing in Active Screening is a smart business decision. Think of how much cash a criminal can steal from within your business and then weigh that against the cost of our impeccable background screening services. Do you really want to take that risk?
Let us help you stay in business. Don’t let a criminal fall through your employment cracks. Check out our website to learn more about how our screening services will protect your bottom line. If you don’t believe us, believe our clients:
“Working with Active Screening over the last year and half has been a wonderful experience. They deliver fast and informative results at the best price. Their level of professionalism and the speed they respond to our issues is a benefit that any company can value from. I would highly recommend using Active Screening and their amazing team.” – Terry S., property management
“The Active Screening team is very informative; they provided a complete consultation on all the services, so I understood what I needed, and saved me hours and hours of my time learning the various services. Their reputation, as being on the cutting edge of employment screening best practices, certainly held true in this instance. The expertise they brought to the table was invaluable to our understanding of our applicants backgrounds. I highly recommend Active Screening to anyone with the task of screening large numbers of applicants and needing reliable customer support.” – Cassie J., staffing industry