What percentage of home service businesses does the speaker say won't get past $1,000,000 in revenue?

Mike AndesFounder, Augusta Lawn Care and Homeworks · Founder of Homeworks and Augusta Lawn Care

1st Years of Business are HELL😓 #business #entrepreneur #mikeandes

4 Nov 2024 · 0 min

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0:24

Mike Andes (speaker) delivers a short YouTube monologue warning that the first few years of running a home service business are extremely difficult: new employees make mistakes on customers’ property, owners work longer hours while earning less, and many businesses fail early. He asserts a specific statistic that “90% of home service businesses won't get past a million dollars in revenue,” and attributes failures to low barriers to entry and to quitting early. The clip functions as cautionary, experience-based advice for entrepreneurs in home services.

Questions this video answers

90%

Look, the first few years in business is hell. Like, you got new employees on customers property. They're making a bunch of mistakes. It's super difficult. You're working longer hours and making less money than you did before. And that's why 90% of home service businesses won't get past a million dollars in revenue. That's why the vast majority will go out of business within the matter of the first few years. Low barrier to entry. Also really low barrier to quit. And that's why most people do.