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Cracking the Growth Code:

The Greatest Economic Engine Faces the Greatest Challenges

by Phil Bristol

There are not enough people running companies today who can lead them to grow.

The number of employee size in American businesses is shrinking and the yearly business mortality rate remains constant. Small businesses in the U.S. account for 99.7% of the economy, 60% of employment and 78% of new jobs. Yet, according to Jim Clifton, chief executive of Gallup, Inc., the U.S. economy has more business deaths per year than business births. Currently, there are six million companies with payroll and employees. Of those six million, about a million are “small businesses” with five to 10 employees. Unfortunately, U.S. Bureau of Labor Statistics shows that about 20 percent of these “small businesses” will fail within their first year. By the end of their fifth year, roughly 50 percent will fail. And after 10 years, the survival rate drops to approximately 35 percent. To avoid business mortality and diminished profitability, a CEO needs to have a realistic business plan and a motivated team. Clearly, cracking the code to survival is even more relevant today if small businesses are going to grow, have success, and longevity.

About Phil Bristol

Phil Bristol, the Founder, President, and CEO of Projectivity Solutions, works with boards of directors, executives, leaders, high-potentials, and teams to increase their effectiveness, influence, and profitability. He helps facilitate personal and organizational change, serves as a sounding board on complex people issues and works with top performers so they advance to the next level of responsibility.

Projectivity Solutions, Inc. helps businesses increase growth and profitability while solving the multi-generation challenge of family-owned businesses. Facilitated solutions help owners develop and communicate a customized “Gold Standard” that creates and sustains a culture trust-based high performance.

Phil is passionate about helping people and organizations move to new levels on their journey. In doing this, he uses his practical business techniques and tools, expertise in interpersonal skills, communication, critical thinking, business strategy, and execution to produce pragmatic results. His approaches integrate 130 years of research in business, organizational development, and people skills into each engagement. He is an entrepreneur and leader with over 35 years of business experience and has run a successful company for over 25 years. His presentations and workshops are acclaimed by executives worldwide.