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THE SUCCESS FACTORS
OF MILLIONAIRE
ENTREPRENEURS

02CHAPTER

Now that I have gotten you all excited about the great things
you can achieve growing a successful business, let me bring
you back to earth with some hard facts.

Research has shown that about 40% of all businesses fold-up
within the first year of starting. A staggering 80% of businesses
fail within the first five years and, of the remaining 20% that
make it past the five-year mark, over 80% of that 20% will
fail by the tenth year. In other words, less than 10% of
businesses that start up ever succeed beyond 10 years.

Many people look at these statistics and say to themselves
that with only a 10% chance of success, they are better off
staying in their job for the rest of their life. It would be a lot
safer! After all, they can never be smart enough or good
enough to be in that small minority.

Staying As An Employee Only Gives You the
Illusion of Security

First, let me tell you that staying in a job for the rest of your
life is not as safe an option as it used to be. In fact, it is much
riskier as you have no control over your own destiny
and your security and future wealth lie solely in someone
else’s hands.

In the past, companies (especially MNCs and the government)
provided an iron rice bowl. As long as you did as you were
told and stayed loyal, you would get promoted up the ranks

SECRETS OF BUILDING MULTI-MILLION DOLLAR BUSINESSES 35