According to the Small Business Administration, only 44% of new businesses last more than 4 years. In addition to that 60% of businesses are either losing money or are breaking even.
So even if you aren’t going to create the next multi-million dollar company, it doesn’t mean you can’t learn from the mistakes successful entrepreneurs have made.
hit the pic to jump to the article at quicksprout.com chronicling ten successful entrepreneurs currently running companies worth $50+ million. they talk about some of their struggles on the way to building overwhelmingly successful businesses and companies.
i thnk capital allocation is the biggest mistake most entrepreneurs/start-ups make. spending too much or spending too little. spending all the money in all the wrong places. throwing away money and not putting some away under the mattress for a rainy day or a hurricane.
"the united states economy is like the titanic, and i am here with the lifeboat trying to get people to leave the ship... i see a real financial crisis coming for the united states," said international fund manager and us senate candidate peter schiff.
"big house. long hallways. got ten bathrooms. i could sh** all day." --lil wayne 'we be steady mobbin.'
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