Life Saver or the Briny Deep?
July 13, 2022
Deciding to throw the business a life saver or watch it slowly drift to the bottom of the briny deep is not an enviable position. But it happens.
Data indicates that 45% of new businesses fail during the first five years, and 65% during the first 10 years. That means in the first decade, most new business owners experience the “briny deep” option of accepting that the business is not working.
For the remaining 35%, they get to throw in a life saver, in other words, stay in business.
Short of catastrophe, knowing when to keep trying or stop altogether isn’t easy. In fact, deciding to close a new business might be the most difficult decision that needs to be made.
The No More Leadership BS group reviews different methods for deciding whether a business owner should keep investing in their business or shut it down entirely. Is it time to throw in a life saver, or salute the ship as it drifts to the briny deep? You are the lucky winner who gets to decide, but you don’t have to do it alone.
Have questions, or just a great story to tell about Leadership BS you have experienced? Let us know by emailing us
Today's Featured Coach -
Jeff Conroy - Organizational and Non-profit Expert, Motivational Speaker, Coach - Executive Leader | Difference Maker for nonprofits in strategic planning, operations, and fundraising and development. Owner/Founder of Conroy Leadership Consulting, LLC. Reach Jeff at jeff@ConroyleadershipConsulting.com or 208-215-6285
The rest of the gang:
- Geoff McLachlan - Motivational Speaker, Trainer and Coach, Bringing Fun Back Into the Workplace, Owner/Founder of Professionals At Play Reach Geoff directly at firstname.lastname@example.org or 509-869-4506
- Myra Hall - Individual and Team Coaching, Midlife Mentoring- Helping you identify and overcome the things that keep you from loving your life. - Owner/Founder Waypoint Coaching Group Reach Myra at Myra@WaypointCoachingGrp.com or 765-623-9711
- Dr. Sam Jennings II - Motivational Speaker, Trainer, and Coach - provides leadership coaching for decision-makers who want to improve workplace culture. 360 Clarity also provides diversity & inclusion, training, keynote speaking, and training workshops, Owner/Founder 360 Clarity email@example.com or 208-770-7701
- Jeffrey Geier - Motivational Speaker, Trainer, and Coach - Helping You Win in Work & Life Owner/Founder of Phoenix Coaching LLC Reach Jeffrey at Jeff@PhoenixCoachingLLC.com or 509-553-9248