According to the Bureau of Labor Statistics, 20% of all new businesses fail in their first year and
50% fail in their fifth year.
On the surface, that seems like good news. Your odds of succeeding as a business owner increase the longer you’ve been in business. But, dig deeper and it tells a different story. At least 30% of all business owners who thought they were successful that first year ended up failing by year five.
Luxury brand strategist Ali Craig wanted to know why that happened, so she brought that question to the panel in “The Advisers,” a reality TV show that tackles real life business issues.
“Why is it that so many entrepreneurs experience initial success only to fail? Especially when a lot of times why they fail is because they lack real business advice from experts who have experience building successful business,” she said. “That’s why we’re devoting an entire episode around the structure of success.”
Craig, along with two other industry experts, Cassandra Shepard and Amy Loken, will also be covering on this episode:
Why do so many people have that initial success in business and then fail to grow?
What is the number one thing people fail to plan for when it comes to being a success?
How do I know when I am successful?
What is the number one structure that every business needs to succeed?
“The Advisers” is a reality TV show offering real, unedited, unvarnished advice for entrepreneurs of all levels. It airs on Apple TV, Roku, Amazon Fire, and Android Tv’s Notoriety Network as well as the New Notoriety app available in the Google Play and IOS stores.
