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Why 80% of Small Businesses Fail (And How To Avoid This In Your Business!)

Do you ever wonder if you’ll ever succeed getting your business going?  Like you’ve put out endless effort to grow your business but it just isn’t happening yet?

I’d love to share with you a secret that you have likely heard before but one that is SO important.  A quote I read this morning sums it up pretty good:

There seems to be a door on the way to remarkable success that can be passed through only by those willing to persevere beyond the point where the majority stop and turn back  ~ Earl Nightingale

I’ve read recently that something like 80% of businesses fail within the first 3 years.

This is sad to me because often these same failures could have been huge successes, if they had just kept going.

How do I know?  Let me share a bit of a story about my own business.

At the 3 year mark, I made something like $8,600 in my entire third year of business.  So obviously things were not looking up, that’s a heck of a lot of effort put into something that didn’t appear to be working.

Here’s the thing.

If I would have quit then, I would be with the other 80% who failed in the first 3 years of business.

But that’s not what happened.

Within the first 5 months of that next year, I more than tripled my sales.  And my business has been growing at a rapid pace ever since, all of this even in spite of going through a recession in that time.

Why do I share this with you?

A couple of reasons.

I get frustrated when some business mentors paint a picture only of the success and forget to mention the truth about what it can be like to get there.  You see that rosy picture, then you look at your business which is miles away from that picture, and you feel discouraged because YOU can’t seem to get there.

And the other reason goes back to this, I’m not really sure failure is the right word.  I’d say most often failure is what happens when you give up too soon.

I could have been a failure but instead, I kept going.  I didn’t give up.  I got help.  I did whatever it took to find the way to succeed.  I didn’t stop until I found the way.

Because the way is there.

And I’m glad I didn’t give up.  If I gave up, not only would I not be living this life that is totally incredible to me, based in freedom, passion and authenticity inside and out. But all of the clients I have helped free themselves to live their purpose could still be stuck.  And that is sad.

You have an important purpose, your work, your wisdom, your gifts, your energy ARE needed in the world.  Right now.

So do you have to wait until year 3 to take off in your business?  I don’t think so.  The energy in the planet right now supports your success.  I watch how quickly things move with my clients and I am amazed.  The time is now.

If you don’t want to wait forever, I suggest you take a shortcut, and the only one I know is to find someone who is ahead of you on the path, who knows the shortcuts, who has been where you are and has gotten out of it and to learn from them how to speed up your path.

There are plenty of great mentors out there, I’ve learned from many myself, but I do recommend making sure that the person is fully aligned with you, is similar enough to you that they can understand your challenges and really know how to get YOU from where you are to where you want to be.

It’s time step up and shine!

There are even more secrets to growing your business faster, particularly as a Holistic Practitioner or healer as you likely have unique challenges that most business mentors have no clue about.  I’d love to share more with you at my upcoming FREE workshop:

Grow Your Holistic Business Faster! Avoid the 3 Massive Mistakes Most Holistic Practitioners Make That Stop Them From Making The Money They Desire & Deserve.

This workshop takes place in New York City September 10th, Edmonton September 15th, Calgary September 20th and Vancouver October 19th.

https://fearlessfaith.ca/GYHB

Do whatever it takes to be there, this could be THE turning point in your business.  It’s time to step up and shine.  Your people need exactly what it is that you have but, if you’re not succeeding in your business, that means they can’t find you.

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2 Responses to “Why 80% of Small Businesses Fail (And How To Avoid This In Your Business!)”

  1. Hi Fia-Lynn, I am so grateful I came to your workshop, met you and your lovely family. Thank you for coming to New York and it was a great workshop. I learned a lot and want to read the rest of your material on line. I am looking forward to working with you, and so glad Kelly-Ann really encouraged me to take a look and see how you’ve helped her. Good luck at the rest of your seminars this week, and speak with you soon. God bless, Linda

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