Not All Small Business Owners are Entrepreneurs
And . . . How Blackjack Trumps Small Business
The success rate of small businesses in America is alarmingly poor. Most studies indicate that only about 20% of new businesses survive the first five years. And another 80% of THOSE businesses fail within the NEXT five years.
Think of it. Out of 100 businesses starting out, only 20 are still in business after five years. That's doesn't mean they're profitable, only that they survived. And after ten years, only 4 of the original 100 are still in business.
Now I'm no statistician, but I think those are pretty bad odds.
In fact, a good Blackjack player betting against the house has almost even chances of winning. Using the statistics of small business failures above, nobody would gamble with those kinds of odds. One exception might be The Lottery which some have called a tax on people with poor math skills.
And yet, even with the deck stacked against us, every day thousands of new businesses are started. Thank God for optimists.
Now, unlike Blackjack, we do have ways in which we can improve the odds of winning. And there are many. That's why we continue to provide an ongoing stream of ideas, resources, strategies, tools and tactics to help you enhance your chances of success.
To most people, business looks overwhelming, complicated and often a bit mystifying. It needn't be that way.
The Biggest Course on Internet Marketing
This video has got people curious...
Click here . . .
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Before Armand's IME (Internet Marketing Explained) course was launched, he released a set of videos that got rave reviews.
He's getting ready to take those videos off his site at the end of the week, so you want to watch them now.
Click here . . .
Oh, and the second video was made with a simple camcorder. It's a hoot!
Gaining Trust is Never Easy. Losing it Is.
I was on the learning team this week, and I thought you'd benefit from what happened.
SuccessNet has been doing business on the Internet for over 12 years. And during that time, we've come to be known as one of the most trusted sources for personal and professional growth on the Web. We're proud of the fact that people trust us for our information and for how we do business.
But over the past few days, I've had a chance to see just how skeptical people can be and how seemingly little things will cause people—especially new people—to question doing business with us.
It was quite eye-opening and bears some contemplation—for us and also for you in your business.
The first experience was a phone conversation with a subscriber. He was inquiring about our Diamond Club program and it gave us a chance to get to know each other a little.
He mentioned that he was feeling better about SuccessNet after speaking with me. When I asked why he hadn't before, he mentioned a Teleseminar we had done last year. He had heard about it too late to attend live, but when he emailed me about a recording, I told him to stand by as it was going to be available soon.
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