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Entrepreneurship

Critical Path to Start-up Success | How to Begin? [Video]

On this episode of Inside the Chamber, Kaylin Risvold, President and CEO of the Naperville Area Chamber of Commerce, has the pleasure of discussing The Critical Path to Start-up Success with two women on two different sides of the start-up coin.

The group tackles that million-dollar question every person dreaming of starting a business wants to know…”Where do I begin?” They also cover the steps you need to follow to take your business idea and turn it into a reality.  Including what resources are available right here in the Naperville community.

Inside the Chamber Guests

Ashley South, CEO-Bluehouse Publishing Inc.

Ute Westphal, MBA & Director and Program Manager-Illinois Small Business Development Center at College of DuPage

About the Host

Kaylin Risvold is the President and CEO of the Naperville Area Chamber of Commerce (NACC). She is the second woman to lead the NACC, Kaylin was raised in Naperville and is thrilled to be able to serve the community that served her.

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Starting a Business [Video]
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Entrepreneurship

Starting a Business [Video]

Starting a business can be one the most exciting things you'll do in life. It can also be the scariest. According to the latest statistics on the percentage of businesses that fail in the United States, we see that of the 678,135 new businesses that were started in 2015, more than one-fifth (20.4 percent) closed after their first year in operation.The percentage of businesses that fail increases to 30.9 percent in the second year and 38.6 percent in the third year. By the fifth year in 2020, the new business failure rate reaches 50.0 percent. Needless to say, it's hard! The ones that succeed do so not only because they work hard and get lucky. These entrepreneurs spend an immense amount of time creating a plan and execution strategy. It takes a lot of discipline to overcome the challenges. In this episode I'll discuss the basic questions you want to ask yourself when starting a business.

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