SAVAGE Entrepreneur Podcast

How To Save Time, Money & Heartache as an Entrepreneur

July 12, 2022 Mike Savage
SAVAGE Entrepreneur Podcast
How To Save Time, Money & Heartache as an Entrepreneur
Show Notes

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  • My biggest mistake building companies #4 is: Trying to fly the plane of 'Entrepreneurship' SOLO.
  • The are only 2 ways to learn stuff in life: Your experience or someone else's. 
  • When you learn from your own experience, it usually hurts more, costs more and takes longer!
  • Building businesses is one of those sports where, the longer you play, the greater your chance of dying!
  • 20% of businesses don't make it past Year 1, and 70% of business don't make it to Year 11. 
  • There are many symptoms of failing companies. Just to name a few:
    •  Not enough diversification
    • Not enough financing
    • Expanding too slowly or too quickly
  • But there are 6 ROOT CAUSES for businesses failing. 
  • How do you avoid these? I strongly advocate that you seek out experience. 
  • The greatest learning laboratory on earth is at the feet of someone who's already done what you're trying to do!
  • You can start off with passion and a plan, but a guarantee of entrepreneurship is... you WILL get punched.
  • "Everybody has a plan until they get punched in the mouth." - Mike Tyson
  • I give you 6 signs to look out for to recognize when it's time to bring in support.
  • really great coach is going to have experience, give you confidence, reduce your pain, help you achieve your goals faster, is a great return on investment, and above all, they'll help you enjoy the journey!
  • Mentions:
  • If you have any questions, about this, about your business, about working with me, or about entrepreneurship in general, shoot me an email: