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  • 08.18.09

3 Reasons Businesses Fail

We already know that 50% of startups fail in the first year… and 95% fail in years two through five. But did you know that only 5% of startup businesses ever make $1,000,000 per year? And only .08% will ever reach $5,000,000 or more per year!

I have dedicated my life to changing these statistics. You work too hard, but your time, energy, heart, mind, funds into building your business and I want it to be WORTH IT for you and your loved ones.

As you know I’ve built and sold 5 of my own multi-million dollar companies, invested in over 200 startup businesses (including Google), have been a mentor to hundreds of startups and have helped over 150 entrepreneurs become millionaires. I LOVE building businesses. I LOVE helping people become financially free. It TOTALLY rocks my world!

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In my years of experience, I’ve come to realize that there are 3 specific areas that cause businesses to fail:

1. People – the team you surround yourself with, including your staff, contractors, advisors and mentors;

2. Money – having an effective marketing system that reaches your target market and sales systems that create reliable revenue you can count on month after month;

3. Business Model – your compelling product path that reduces or eliminates a specific pain for target audience

That’s it! Every challenge you face in business can be traced back to one of these areas – and at Results Now Summit we are going to specifically address these critical three elements of YOUR business!

To your success! Christine Comaford, Biz Accelerator and CEO of Mighty Ventures, Inc.

 

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To get all of my biz building tools, be sure to join my Facebook Group: Business Renegades. Click here to join http://tinyurl.com/6xos94 

 

 

 

About the author

New York Times bestselling author Christine Comaford is CEO of Mighty Ventures, an innovation accelerator which helps businesses to massively increase sales, product offerings, and company value. She has built and sold 5 of her own businesses with an average 700% return on investment, served as a board director or in-the-trenches advisor to 36 startups, and has invested in over 200 startups (including Google) as a venture capitalist or angel investor.

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