Charles Fred: Can Your Stakeholders Endure a Long Journey?

Can your stakeholders endure a long journey?

Consider this immutable fact: Only 3% of all firms operating in the U.S. eventually reach $10 million in sales.

Most will take an average of 12 years to reach the $10 million threshold.

Few entrepreneurs have prepared their stakeholders for this extended journey. But there are steps you can take to prepare your team for this long term goal.

This discussion is to share information from a study conducted by TrueSpace and Gallup of 2500 entrepreneurs. Come and learn what other business builder are doing to address this challenge.

About Charles Fred:

Charles Fred is an American entrepreneur and researcher.  Best known for a body of work to positively influence the success of small businesses, he has inspired a movement to help entrepreneurs create conditions for a sustainable growth, and through this effort, to stimulate thousands of new jobs.

In 2014, Charles Fred and his daughter, Jamee, co-founded TrueSpace, a firm that helps entrepreneurs move from the startup phase to the middle market.  In February of 2020, TrueSpace, in partnership with the Gallup Organization, announced the release of a multi-year research effort detailing the operating conditions that must be present for a small business to consistently reach the middle market.

Over his 40-year career, Charles has founded and led three companies into the middle market generating over $220 million in enterprise value.  He is a long-time resident of Colorado, an elite masters distance runner, outdoor enthusiast and cancer survivor.  He and Julie, his wife, dedicate much of their time with their family, mentoring young people and entrepreneurs, and giving back to the community.