ilmscore | If You Want to Get Rich, DON’T Start a Business

If You Want to Get Rich, DON’T Start a Business

Predictions from this Video

Total: 5
Correct: 0
Incorrect: 0
Pending: 5
Unrated: 0
Prediction
Topic
Status
The success rate for new entrepreneurs is low, with only a small fraction achieving success.
"I've seen hundreds of people who quit their jobs and start their own businesses and only a small percentage of them end up being successful."
Entrepreneurial Success Rate
Pending
Even businesses pitched to billionaires on shows like Shark Tank and Dragon's Den have a high failure rate.
"I mean the majority of businesses on Shark Tank and Dragon's Den they fail and they've got billionaires back in them."
Entrepreneurial Success Rate (Shark Tank/Dragon's Den)
Pending
Entrepreneurs experience higher levels of loneliness compared to the average American.
"a recent National survey by Cigna actually showed that almost half of Americans report feeling lonely and I suspect this is much higher for entrepreneurs"
Loneliness among entrepreneurs
Pending
A significant majority (72%) of small business owners experience feelings of being overwhelmed.
"Did you know that 72 percent of all small business owners struggle with feeling overwhelmed"
Business Owner Stress
Pending
Implementing systems and processes in a business increases its appeal to potential future buyers.
"This also has the added benefit of making the business far more attractive to potential buyers in the future as they know that they have a full guide of how to operate that business and get a return on their investment"
Business Saleability
Pending