You are currently viewing Three Questions To Consider Before Starting Your Entrepreneurial Journey

Craig Goodliffe, CEO & Founder of Cyberbacker.

If you’re considering starting an entrepreneurial journey because you want to run your own business, stop. I understand the appeal of being your own boss. There’s a lot of freedom in it—much more than working for someone else—but if you have set your sights on running your own business, you haven’t set them high enough.

Launching a business is not the target you should be shooting for. Rather, your goal should be launching a successful business.

Forgive me if the distinction seems obvious to you. I want to make sure you get started on the right foot. In 2021, more than 5 million business applications were filed in the U.S. That’s a lot of entrepreneurs, but there will be many that don’t succeed. Statistics show that 20% of startups fail in the first year. Within five years, 50% fail.

Keep reading this article on Forbes Small Business.

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