Survival Lessons from Company Collapses

95% of new businesses die in the first year.

Life is pretty tough and crazy as a business owners.

Yet the reward is great.

I look back after running the tea business for 10 years and I would almost be happy to show you my battle scars and pretty willing to keep charging forth.

This is the magic in owning a business, yet, to run a business is not easy. It is also a continuum. Just because you have gigantic turnarounds annually and been around for decade, you could collapse.

The lessons in this article in Smart Company is pretty profound.

My favourite lessons takaways –

1. Time your expansion

2. Don’t sell yourself short

3. Be realistic about expansion

#growingbusiness #ownabusiness #SmartCompany