brain pickings

what is the chance…

if you were to start a business today, you have a:

20% chance of failing within the first 2 years;
45% chance of failing within the first 5 years,
65% chance of failing during the first 10 years.

843,320 businesses were started in 2021 in the US.
statistically 168,664 will close shop by the end of this year (2022)

inspiring prospects.

it’s very tempting to sit here and offer broad reasons as to why this happens:
poor management,
lack of financing,
bad karma…

ultimately, the most important thing to understand is this:

most people don’t plan to fail,
they just fail to plan.
(yes, even for bad karma)

you don’t have to be the CEO of doing things the hard way,

for every 3 out of 4 businesses that fail,
1 thrives survives for 14+ years.

find out what they are doing,
and do the same thing.

I’ll see you tomorrow.

today is day 238 of the year, there are 128 days remaining of 2022.

Bianca Dămoc

Bianca is a marketer and consultant with over a decade experience in the field. She loves hiking and running (not always from her problems.) See what she's up to now, or see if she can help you in your business.

Published by
Bianca Dămoc

Recent Posts

The lies we tell content consumers

I've been lied about many things during my lifetime, but my favorite lies were told…

2 years ago

Why the Taiwanese Coined the Term “Internet Beauty” 網美

As someone who has been on a mountain crest before I was old enough to…

2 years ago

A Humane Marketing Manifesto

Becoming a Rogue Marketer After 13 Years In The Field The marketing story typically ends…

2 years ago

when your brain hates you

exactly 15 days ago I underwent one of the scariest and most humbling 47 minutes…

2 years ago

show me your passport

they say you make your own luck,do you make your own bad luck as well?…

2 years ago

the deadline of death

the romans, the mayans, the mongols… entire civilizations minimized to one word in dusty history…

2 years ago

FYI, by spending time on my site (and any other site, ever) you're giving me, and the powers that be, the right to be all up in your business.