Why Do So Many Entrepreneurs Get Wiped Out Financially?
Becoming an entrepreneur is a nerve-wracking experience. You don’t want to go into it knowing your odds of success. Only 25 percent of companies make it to the 15-year mark. Everyone else shuts down and gets wiped out. These headline statistics, though, hide a deeper issue. It’s not just the case that the company fails. It’s also that the entrepreneur themselves gets wiped out financially. Even after ten years of hard work, many don’t have a penny to their name. In this post, we take a look at how you can avoid getting wiped out and live the life of a business leader without running the risk of financial disaster. Pay Yourself An Official Salary Don’t go into entrepreneurship like … Read more