Pursue What Matters Episode 106: Are You Thinking Too Small?
Did you know that 70% of businesses fail before ever reaching 10 years? 20% of these businesses don't even make it through the first year. Starting a business is difficult, but who knew it was that difficult? In a world full of hard workers, great resources, and opportunity, why are so many businesses failing?
There are certainly a multitude of reasons for each business failing from poor finances to lack of planning to unfriendly market conditions. But today I want to focus on a key reason so many businesses fail and it’s one you might not want to think about: thinking too small.
Once you’ve made it through the very fragile initial years in business, you may feel like you have time to take a breath and relax just a little. But this way of thinking is what leads so many businesses to fail. A business that isn’t prioritizing growth, and actually growing, will likely not make it to year 10.
Today I want to make the case for scaling your business and team. What are the risks? What tools do you need? And what mindset will ensure your business is thriving for the long run? I’ll give you the tools you need to reset your focus and prioritize growth.
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