So, you don't want to reach a million?

The Successful Living Show

In this episode I explore why more entrepreneurs don't reach a million and what may be holding them back, beyond operations issues. The number of Women-owned and Hispanic-owned businesses that ever reach a million is 3% or less. The statistic for small businesses breaking through a million is low, when considering the number of new businesses formed. Why aren't more businesses getting there? It's critical to put in place the processes and foundation for a successful business. While important, it appears there are reasons for not reaching a million beyond business basics. It remains somewhat of a mystery, after speaking with many entrepreneurs, as to what keeps more of them going for this goal. For some, it's about wanting to remain in control. For others it's about not wanting to manage employees. Some want to remain small enough to work from home. Is there also fear? Is it fear of failure or fear of success? Are there limiting beliefs holding entrepreneurs back? After all, many of the reasons mentioned, are easily dispelled when you recognize that a million is sales, is not a million in the pocket of the founder. If you want a six figure income, you need to grow beyond a million dollar business. Listen in and contribute to the conversation. Share your thoughts with me on social media. Let's get more businesses to grow beyond the first million.