Most companies fail within the first 5 years. In fact it's been said that of those that survive the first five years, nine out of ten of those companies will fail before the 10th year. In my experience in dealing with startups and small businesses over the last 30 years, those who do the homework stand a better chance to succeed. I know sometimes you get all enthusiastic and ready to attack the world with your new idea and it's great to hear about the high motivation but motivation does not pay bills. If you want to be successful in a small business then you better do your homework. In this video I'll be talking about how I started a very successful IT business. It was not started on a whim on a Saturday night. I often hear people say oh yeah that guy is an overnight success but it was years in the making. After years of working with new businesses and startups I saw a pattern where I could almost predict whether or not they would be successful. In this video I share some of those ideas and some of my experience that I have learned over the years not only in my business but watching other businesses fail or succeed.
RECOMMENDED READING LINKS
The E-Myth Revisited: Why Most Small Businesses Don't Work and What to Do About It
https://amzn.to/3ilur3r
The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime
https://amzn.to/3ptklPr
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