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The 10 Minute Entrepreneur

Ep. 463: How To Have a 90% Startup Success Rate

The 10 Minute Entrepreneur

Sean Castrina

Marketing, Entrepreneurship, Business

4.8308 Ratings

🗓️ 11 December 2023

⏱️ 12 minutes

🧾️ Download transcript

Summary

Nine out of every ten businesses are out of business by the tenth year and half of businesses are out of business by the third year, depending on the statistics you use. 

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seancastrina.com

Transcript

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0:00.0

You are listening to the 10 Minute Entrepreneur podcast with host Sean Castrina.

0:10.0

Okay, today we're going to talk about how you can have a 90% success startup rate, really

0:18.0

you should even have a better than 90%.

0:21.7

If you read the statistics 9 out of every 10 businesses are out of business by the 10th

0:25.8

year, you know, half of them around a business in the first two to three years, depending

0:29.8

on what statistics you look at.

0:31.4

So you're saying yourself, Sean, how can you say you can have a 90% success because

0:37.0

we don't go about starting businesses the correct way too often and I'm going to take

0:42.7

you through just a few things and if you do these, you'll see how you can quickly eliminate

0:47.2

all the losers and just start, you know, moving towards a more successful opportunity.

0:53.1

So the first thing is, is you and you know what I'm talking about here.

0:57.5

You have met people that have started businesses that are total schmucks.

1:00.8

I mean, raise your hand, you're sitting at home, you know what I'm talking about.

1:05.0

You go to a family reunion and, you know, Billy, who's over there in the corner, he's

1:08.0

never had a job in his entire life, he's talking to you about some business he's going

1:11.6

to start and you and I both know he's an idiot.

1:16.3

So the very first quality and the very first of the seven things I'm going to talk about,

1:21.9

if you want to have tremendous success is you, I mean, are you reliable?

1:28.8

Are you resilient?

1:30.0

Are you determined?

1:31.5

Are you a hard worker?

1:33.6

I mean, if you're not that person, well then yeah, there's a high probability you're

...

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