"If you are not intentionally building a business, you will accidentally build yourself a job." No matter how good you are, and no matter how long you've been at this, the reality is 91% of all businesses fail within 10 years. According to the U.S. Small Business Administration (SBA), around 66% of all new businesses make it to the two-year mark, and only half of all companies survive past five years and more than 90% fail within 10 years. And it's not just small businesses that suffer this fate. I almost fell off my chair ...
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"If you are not intentionally building a business, you will accidentally build yourself a job." No matter how good you are, and no matter how long you've been at this, the reality is 91% of all businesses fail within 10 years. According to the U.S. Small Business Administration (SBA), around 66% of all new businesses make it to the two-year mark, and only half of all companies survive past five years and more than 90% fail within 10 years. And it's not just small businesses that suffer this fate. I almost fell off my chair when I learned that 88% of all the Fortune 500 companies that existed just 50 years ago are gone. They have either gone completely bankrupt, crashed, been eaten up in a merger, and even those few that still exist are no longer a Fortune 500 company"--
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