The Harsh Truth About Startups

A lot of people look at a startup as something very simple. Have a little bit of time, a little bit of money, and a good idea. Let's just do something on the side. Those are the 80% that fail. Correct. When you go into something, you should know it's going to cost you double than you think it will. It will take double the time and there will be a lot of days when you would want to give up. Most businesses that fail, I would say that I have watched and I've watched hundreds of businesses over the last 20 years, it's not because the idea was a bad idea. the idea is actually a good idea. It's just that the person didn't do the proper hishadas to succeed. Now, officially, if you look at the research, you'll see the number one reasons why business fail is lack of cash flow. You have to be realistic and brutally honest with money. Okay? You have to be you need a good team. You can't launch a business by yourself. There's always other people