Let's start this week's encouraging podcast with some discouraging facts from our friends at the Bureau of Labor Statistics:
- 22% of business startups fail in the first year
- 50% of new businesses fail within the first five years
- 97% of online businesses fail within the first five years
Did you catch that last one? Ouch!
I've been doing business online for nearly two decades. Is it just luck that I've beaten the nearly insurmountable odds? I don't think so.
This week, I want to share 7 Power Beliefs for business owners that I believe are your ticket to the 3% club of successful, sustainable businesses.
- [00:00] Intro
- [03:57] There is a payback for doubling down on small habits that change your future
- [05:23] Scale your business by doing the unscalable (while you can)
- [06:56] It is important to invest in assets, attention, and people
- [09:58] There is less competition and more opportunity than ever before
- [12:41] There is free land right now and you should grab as much of it as you can
- [15:15] If you're creating and building during a recession, you're 2-5 years ahead of everybody else
- [15:42] Start now, with whatever you have
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