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Why Most Entrepreneurs Fail And How The 5% Succeed: EP 57
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95% of Startups Fail: Here’s How The 5% Succeed
In this episode of the Inner Entrepreneur podcast, we address aspiring and current entrepreneurs, offering valuable insights to overcome the daunting statistic that 95% of new businesses fail within five years. Ryan emphasizes the importance of understanding these statistics, recognizing the reality of initial enthusiasm fading, and the necessity of perseverance. He shares personal experiences of failure and success, underscores the value of lifelong learning and mentorship, and discusses the significance of aligning business pursuits with personal talents and values.
Ryan concludes with five actionable tips to improve the chances of entrepreneurial success. Tune in for an honest exploration of the entrepreneurial journey and tips to become part of the successful 5%.
00:00 Introduction to the Inner Entrepreneur Podcast
00:30 The Harsh Reality of Entrepreneurship
01:20 Understanding Failure and How to Overcome It
02:20 The Business by Design Course Insight
17:02 The Marathon Mindset for Success
18:12 Following Your Talents and Values
22:08 Conclusion and Final Thoughts
About the host:
Paul Ryan is an entrepreneur, business owner and an eternal student of life. As a CEO, Paul has a depth of 'real life' experience of what it takes to be successful in business and life.
Paul embodies the spirit of a lifelong learner, with a thirst for knowledge and adept leadership that has enabled him to create a life of time and financial freedom.
Connect with the host:
Website: Pauljryan.net
Paul's X: https://twitter.com/paulryanwrites
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