If you actually just look at the statistics of starting a business, it's not good. It's not pretty.

Four out of five fail within a few years. I think Brandon Dawson was in here and he was telling me,

after 10 years, literally 90% are gone and you

know when you hear those odds you're like man I don't know if I want to start a

small business yeah but what I will say is as an entrepreneur most entrepreneurs you know it's not like they're just stopping being an entrepreneur

They're just doing different things like oh, you know what I did this like for example I take a look at my real estate

brokerage I had it for I want to say like four or five years yeah it's no longer around

and it's not that it failed it still made money it was just like deep prioritized yeah I

no longer need to do this, I'm doing these.

Right. And so I see why so many fail. Yeah, and I think the statistic can be inflated to

by those who pivot or shut down a business to go start something else.

Which is that?

Yeah, they learn their lessons from one and they apply them to the next thing and then it

hits a reset button.

So the statistics are interesting, but I do think that there is a sort of pervasive problem with new entrepreneurs, new business

owners with managing their cash flow and really getting into I feel like they're

learning the skills of entrepreneurship in the first couple of years so yes

some are going to fail because some can't keep up with that learning

curve yeah like it legitimately fails they got to go back to a job right so what did you

learn working at one of these big four firms and what is a big four firm for

those who don't know?

So Big Four are the four biggest accounting firms. They used to be the Big Eight.

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