Lauren Bateman argues that 20% of new businesses fail in year one, so aiming for modest goals like a few hundred thousand dollars a year is more realistic than chasing massive wealth. Your business output needs to match the target you actually want.
20%
Did you know that within the first year of starting a business, 20% of them will go out of business? Can you believe that? So 20% of the businesses that are being start today will go out of business by the end of the year. It just goes to show you it's hard to make it in business. But I want to tell you that not everyone needs to make hundreds of millions of dollars. Not everyone needs to be a Gary Vee or an Alex or Mosey. There's some people who are just like, if I can make a couple hundred thousand dollars a year, that would be life changing. And that's a more realistic goal for a lot of people. There's a qu. Shoot for the stars and maybe you'll hit the moon. And it's good. You should have big goals. But I also want you to understand that the amount of output that you have to give in your business has to match that goal.
