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My best advice before starting a new business (or changing the one you run)
I know you’ve heard the stats about small businesses - around 20% close in the first year, 50% close after five years, and a mere 30% make it to 10 years or longer. These numbers are staggering, yet we seem to take the reasons they end at face value. We’ve been told the reason they don’t make it is because of funding, marketing, leadership, planning. But I think the real reason is something much simpler than that. Something that no one talks about. Something that I personally - and professionally - know is the real source of a successful business, and it’s a lot simpler than you think.
In this episode, we’re covering:
- Why *anyone* can get themselves into trouble - no matter how long they’ve been in business
- The #1 problem I see most often in businesses when they come to me for help as a lawyer and coach
- And WHY it’s this specific problem and not one of the others that social media and the news will tell you
Y’all ready? Let’s do this!
>>>
Thanks for listening to this episode. I hope it was illuminating! My mission is to help service-based professionals figure out exactly what they want, realize it’s 100% within reach, and create a simple, actionable plan that will get them there (without having to burn everything to the ground and start from scratch!), and I’d love to support you.
Here are some ways you can start creating your rich, happy life today:
- Apply for our next round of group coaching (Building Blocks) to start getting the clarity you didn’t know you needed!
- Build a healthier lifestyle and add more joy in your life in this FREE On-Demand Masterclass!
- Start getting real clarity in your contracts with this FREE Contracts Guide!
- Get to the bottom of your top 3 most frustrating situations and people TODAY in this Managing Expectations Mini-Course! ($19)
- Get Boundaries *and* Balance in this On-Demand Workshop ($29)
Tag me, follow me, and DM me with your thoughts and questions:
- Instagram @sheilamwilkinson and Facebook @lawyercoachsheila
Rate this podcast/episode on Apple Podcasts here
- Not on Apple Podcasts? No worries! Rate and Review on our site and make sure to leave a question for a future episode!
Learn more about me here: https://sheilawilkinson.com
Free Stuff, Fun Stuff, Links & More: https://sheilawilkinson.com/links
Resources from the Show:
- National Suicide Prevention Lifeline (in the US): 800-273-8255, and you can also chat with them on their website https://suicidepreventionlifeline.org
- US Census: https://www.census.gov/programs-surveys/abs.html
- US Census: https://www.census.gov/newsroom/press-releases/2021/characteristics-of-employer-businesses.html
- US SBA: https://cdn.advocacy.sba.gov/wp-content/uploads/2019/09/23172241/Frequently-Asked-Questions-Small-Business-20191.pdf
- US Department of Transportation DBE: https://www.transportation.gov/civil-rights/disadvantaged-business-enterprise
View all episodes
By Sheila M. Wilkinson, LMSW, Esq.
5
1616 ratings
I know you’ve heard the stats about small businesses - around 20% close in the first year, 50% close after five years, and a mere 30% make it to 10 years or longer. These numbers are staggering, yet we seem to take the reasons they end at face value. We’ve been told the reason they don’t make it is because of funding, marketing, leadership, planning. But I think the real reason is something much simpler than that. Something that no one talks about. Something that I personally - and professionally - know is the real source of a successful business, and it’s a lot simpler than you think.
In this episode, we’re covering:
- Why *anyone* can get themselves into trouble - no matter how long they’ve been in business
- The #1 problem I see most often in businesses when they come to me for help as a lawyer and coach
- And WHY it’s this specific problem and not one of the others that social media and the news will tell you
Y’all ready? Let’s do this!
>>>
Thanks for listening to this episode. I hope it was illuminating! My mission is to help service-based professionals figure out exactly what they want, realize it’s 100% within reach, and create a simple, actionable plan that will get them there (without having to burn everything to the ground and start from scratch!), and I’d love to support you.
Here are some ways you can start creating your rich, happy life today:
- Apply for our next round of group coaching (Building Blocks) to start getting the clarity you didn’t know you needed!
- Build a healthier lifestyle and add more joy in your life in this FREE On-Demand Masterclass!
- Start getting real clarity in your contracts with this FREE Contracts Guide!
- Get to the bottom of your top 3 most frustrating situations and people TODAY in this Managing Expectations Mini-Course! ($19)
- Get Boundaries *and* Balance in this On-Demand Workshop ($29)
Tag me, follow me, and DM me with your thoughts and questions:
- Instagram @sheilamwilkinson and Facebook @lawyercoachsheila
Rate this podcast/episode on Apple Podcasts here
- Not on Apple Podcasts? No worries! Rate and Review on our site and make sure to leave a question for a future episode!
Learn more about me here: https://sheilawilkinson.com
Free Stuff, Fun Stuff, Links & More: https://sheilawilkinson.com/links
Resources from the Show:
- National Suicide Prevention Lifeline (in the US): 800-273-8255, and you can also chat with them on their website https://suicidepreventionlifeline.org
- US Census: https://www.census.gov/programs-surveys/abs.html
- US Census: https://www.census.gov/newsroom/press-releases/2021/characteristics-of-employer-businesses.html
- US SBA: https://cdn.advocacy.sba.gov/wp-content/uploads/2019/09/23172241/Frequently-Asked-Questions-Small-Business-20191.pdf
- US Department of Transportation DBE: https://www.transportation.gov/civil-rights/disadvantaged-business-enterprise