The Price You Pay
Getting a business up and running requires incredible sacrifice. It’s the reason why most people don’t bother to even try. In my case, it required a move to a town where we didn’t know a single resident…and the equity in my house. Talk about a big bet.
What were the odds of success? Depending on who you talk to or what stats you use, roughly one in ten start up business survive beyond five years. For most of those five years, they are struggling to stay alive. This was certainly true of our business.
What would the current administration do for me if I attempted to start a business and failed? The same as the last administration…nothing! Indeed, the prior administration made failure an even bigger issue than ever when they changed bankruptcy laws for individuals.
Entrepreneurs pay a huge price for success, when it actually happens. They pay a massive price for failure.
