EPISODE OVERVIEW
Research shows that 90% of new businesses fail. But yours doesn't have to. In today's show, we break down how proper planning prevents poor performance. Working on your business before it becomes a “real” business can save you a lot of heartache and pain. Let’s Go!
“WHAT IS YOUR PERSONAL REASON FOR STARTING A BUSINESS?
Ask yourself the following questions:
Why do I want to own my own business?
How badly do I want to own my own business? At what level of play do I want to play the game?
At what level of play am I willing to extend myself to play the game?
Am I willing to spend the time to learn about other successful entrepreneurs and their businesses?
Am I afraid to fail? Can I turn my fear of failing into a strength that will help me drive the business?
Can I learn from my mistakes?
Can I build a team, or do I like to work by myself?
Am I willing to pay the price?
Am I willing to put in the time now to be rewarded later?
Am I willing to delay financial rewards until the business succeeds, or do I need a paycheck?”
-Before You Quit Your Job: 10 Real-Life Lessons Every Entrepreneur Should Know About Building a Multimillion-Dollar Business.” Lesson #1: A Successful Business Is Created Before There Is a Business.
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