UES 653: Don't Be A Statistic
The Kelly Roach Show
Kelly Roach
4.9 • 965 Ratings
🗓️ 7 April 2021
⏱️ 10 minutes
🧾️ Download transcript
Summary
The bad news: 80% of businesses fail.
The good news: 90% of self-made millionaires did it by starting their own businesses.
In this episode, Kelly is explaining the difference between businesses that fail and businesses that thrive.
Putting some key things in place to grow your business will allow you to achieve your goals, but if you don't do this: your risk of shutting the doors becomes higher.
In this episode, you will learn:
-How to stop relying on one source of income to avoid immediate burnout the second life gets in the way
-The right thought processes and questions to remember when strategizing in your business
-How to build a business that supports your life and your family... not the other way around
It's time to create a foundation for your business that can't be shaken. Success is scientific, not personal!
For more business tips and strategies, follow along with Kelly:
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Website: https://kellyroachcoaching.com
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Kelly Roach: https://www.instagram.com/kellyroachofficial
Twitter: https://twitter.com/kellyroachlive
Transcript
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| 0:00.0 | Welcome to the Unstoppable Entrepreneurshow, 20 minutes or less of PowerPac strategy to disrupt your thinking, elevate your mindset, and help you scale your sales online. |
| 0:12.0 | I'm Kelly Roach, former NFL cheerleader and Fortune 500 executive, turn 8-figure entrepreneur. Let's go! |
| 0:20.0 | Hey, hey, welcome back. Thanks so much for tuning into the Unstoppable Entrepreneurshow. |
| 0:26.0 | You are listening to a very special throwback episode. We're pulling out the best of our over 600 episodes and making sure that you never miss a thing. |
| 0:36.0 | So enjoy today's throwback. We'll see you on the next slide. |
| 0:40.0 | So let's talk about how you are going to make sure that you do not become a statistic. |
| 0:47.0 | And what do I mean by that? Well, still the old statistic rings true, unfortunately, that greater than 80% of businesses fail. |
| 0:58.0 | And the failure rate beyond three years, five years becomes even worse. We won't get into that. |
| 1:04.0 | So there's bad news and there's good news. |
| 1:07.0 | The bad news is that, yes, 80% of businesses fail. |
| 1:11.0 | The good news is that more than 90% of self-made millionaires did it through building their own business. |
| 1:19.0 | So while on one hand, there is a risk of failure. On the other hand, there is a huge opportunity to become one of those very special people that learn the ropes, |
| 1:31.0 | that learn and understand how to build a successful business, and become a self-made millionaire. |
| 1:38.0 | And that's possible for you, too, because becoming a millionaire has nothing to do with talent. |
| 1:43.0 | It's not the smartest person in the room. It's someone that learns the key skill sets needed to build a successful business. |
| 1:51.0 | It's someone that's disciplined enough to spend less than what they earn and if they want to spend more, increase their income. |
| 1:58.0 | And someone that puts some key things in place in terms of the way that they spend, the way that they save, |
| 2:04.0 | and the way that they grow their business to be successful bringing these things together to achieve their goals. |
| 2:09.0 | Now, for whatever reason, businesses always seem to be surprised when they're struggling or even if they fail. |
| 2:18.0 | And they shouldn't be, because it's typically the same old things over and over again. |
| 2:25.0 | Now, what I want to do today is I want to arm you with some of the reasons that maybe you could be failing in your business |
| 2:33.0 | or why your business could potentially fail. |
... |
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