I learned this particular one in business school. Not in my entrepreneurial classes, in my investing classes. And for investors it's smart to know; if you can beat those odds, you know you are picking well.
But for anyone looking to break free, this is really scary. This means that you have a 70% chance of your business failing. Would you fly on a plane that had 70% chance of crashing? Of course not!
That's how most people see that statistic.
Now, change your perspective. This isn't life or death. This is starting a business. Or businesses.
According to this statistic, if you start 10 businesses, three of them will work.
And you only need one to work to start breaking free of the everyday grind.
Right now I have two businesses that I am working on.
The first one is Say It Simply, a content marketing business. We build websites, write copy, and create amazing graphic design. I get to do awesomely creative things with my best friends and family.
The other one? Beachbody. Yep, multilevel marketing.
Hold your opinions until you've read the next paragraph.
Over the course of my life I've known Mary Kay Girls, I've been to Tupperware Parties, and just recently I was invited to a Luluroe party. Multilevel Marketing is not new, but technology is making it easier then ever. I am learning more about SEO on Instagram then I have learned through YouTube tutorials. And it's a system that has actually worked for me. I drink the shakes, I enjoy the workouts, and I love the camaraderie.
What do these two businesses I'm working have in common?
I'm surrounding myself by people who want to see me succeed, and succeed with me.
On the Say It Simply blog I've talked about starting businesses and how easy it is... once you have a good idea. The next step is getting over the fear of failure and just going for it.
The best way to get over fear is to find people who will support you.
I'm going to forego the crab mentality analogy that most people are already aware of, and instead I'm going to ask you to look around at your family, friends, and coworkers. How many of them would support you if you decided to start 10 businesses?
70% of all new businesses fail... which mean 30% succeed.
The more I'm working on my own businesses, the more I want to inspire others to work on theirs. Because the more people I find who want to succeed, the more inspired I'll be to succeed.
This month's current focus is all about the products and processes that have helped me build my support network, get over that fear of the 70%, and focus on the 30% that can allow me to lead the life I want.
Comment below or join the revolution and tweet #Focuson30 to tell the world that you aim to succeed.