What do you guys think of the statistic 99% of businesses fail? Do you think it's accurate?
Today I was hanging with some other entrepreneur/solopreneur friends and I asked this question.
Mainly because I couldn't believe that I was surrounded by a roomful of people who were making it happen.
They obviously weren't failing, because they were able to live here in Bali and work towards achieving their goals and dreams.
In fact, I've met sooo many people doing amazing things that it made me question if the 99% statistic was just a little bit too high.
Growing up I've always had a ton of ideas. Invention ideas, business ideas...
... you name it.
But I heard that statistic and had the mindset that I wasn't in the top 1% and it would be pointless to try any of those ideas or to ever attempt working for myself.
I decided to play it safe. Do things the way I was told to do and the way society says you should do things. I went to college and got good grades. I graduated with honors.
I got a degree in something with job security that people are always hiring for.
And then I used my degree for 4 months and never used it again.
It's crazy how much your mindset can change just because you meet the right people who can help you change it or because you're in the right place at the right time and you end up learning something.
Let's just say I don't think like I used to. I used to have a very fixed mindset and now I have a growth mindset.
Anyway, I asked my friends tonight if they think that 99% of businesses fail.
One of them said "yeah. I've started 20 businesses and only 1 of them has worked out."
That's it.
That's what I take from the quote now. That right there is the difference between not even trying because you think you can't do it, and trying 20 times because you know that even after failing 19 times, eventually, you're going to get it right.
I love that.