Are Startups Worth it?? | Codie Sanchez

90% of startups fail in a 10 year period. Most startups fail in the first three to four years. And in those first three to four years you make zero dollars. In fact, you spend on average 30 to $50,000 a year attempting to make money.

Oh man.

And then when you eventually do make money in year three or four, the average entrepreneur pays themselves anywhere from 40 to 60 thousand dollars a year in salary.

So you go five years making no money essentially.

Exactly.

Working more hours than as employee.

Right.

What's the benefit then, if you spend a half a decade of your life where most likely you're going to fail?

I think that is the question we have to ask ourselves.

It doesn't seem exciting now.

No. That's why I get excited about boring businesses.