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Short summary
Key points
Your business is a monster, consuming your cash
Most entrepreneurs put growth before profits; this means they’re constantly chasing their tails, becoming stressed, and never really seeing any gain. We believe that if we work a little harder, we’ll achieve more growth, more money, but it never works that way.
Half of all businesses fall into failure within the first five years of being established — that’s a considerable amount, enough to put you off starting your own business! The businesses that do survive are often struggling to stay afloat, fighting debt constantly. If this is your business, it has turned into a monster; it is eating your cash, causing you to become stressed, sucking the life right out of you.
Did you know? Mike Michalowicz now has a net worth of over $1 million.
There is plenty of time to focus on what comes next; think about profits to get you off the ground
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