There are many benefits to running a business.
You might think that running a business enables you to have more money, more freedom and the opportunity to be more successful.
So why is it some businesses succeed and others fail? What are the reasons why so many businesses fail? Well, in this video, I am going to give you the things I wish I knew when I started my business. And these are the things to know before you start a business of your own.
Because running a business is hard. There will be times when you don’t have any money, there will be times your business takes up more time than you want it to and there will be many, many times in which you fail.
As a side note, I would recommend everybody reads Michael Gerber’s ‘The E-Myth Revisited’. This should be default reading for all prospective entrepreneurs and reveals an important mindset you need to harness in order to be successful. Make sure you read this book before you do anything.
And if you’re thinking of taking the plunge into self-employment, watch this video first and see if it’s what you really want to do. If after this, you still want to set up a small business, I wish you the very best of luck. Keep going, keep focused and pursue your why.
James