Oct 26, 2016
Episode 15 – The Local Small Business Coach Podcast
Today We Discuss: Are You a Victim of Your Own Success
In today’s episode: We discuss how your success can lead to your business’s failure.
You always hear how 90% of small businesses are out of business within 5 years. Half don’t make it the first year. Usually when you hear these statistic people are talking about all the things folks did wrong. People assume that the businesses were run poorly.
The reality is, there are quite a few local small businesses that actually crashed and burned due to their success!
Sounds weird and counter intuitive doesn’t it? One normally doesn’t equate success with failure.
Unfortunately, it is more common than you think. You might be one of these businesses with a successful business that is about to crash and burn.
So how on earth does this even happen? Those of you in this situation want to know how to not become a statistic and those of you just starting or doing well, want to know how not to wake up and find yourself in this position at all.
Let’s take a look at 4 of the big reasons why this even happens:
Before we discuss these 4 items, what put someone in this position in the first place.
** For the full show notes click the link below!
Podcast Website: LocalSmallBusinessCoach.com
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Episode Show Notes: Episode 15 - Local Small Business Coach Podcast
Our Training Materials for Local Small Business Owners: TrainingforLocalSmallBusinessOwners.com
Starting a Local Small Business Website: StartALocalSmallBusiness.com