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Entrepreneurship

HUGE BENEFIT of creating a BRAND πŸ“ˆ [Video]

HUGE BENEFIT of creating a BRAND πŸ“ˆ

Alex Hormozi is an entrepreneur and business coach known for his work in the fitness industry. He is the founder and CEO of Gym Launch, a company that helps individuals start and grow their own gyms. Hormozi has been featured in various media outlets for his expertise on entrepreneurship and business strategy, and has also spoken at events and conferences on these topics. In addition to his work with Gym Launch, Hormozi is also the host of the “Entrepreneur Unplugged” podcast, where he interviews successful entrepreneurs and shares their stories and advice. Hormozi is known for his practical and actionable advice, as well as his dedication to helping others achieve success in their businesses.

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Categories
Entrepreneurship

Starting a Business [Video]

Starting a business can be one the most exciting things you'll do in life. It can also be the scariest. According to the latest statistics on the percentage of businesses that fail in the United States, we see that of the 678,135 new businesses that were started in 2015, more than one-fifth (20.4 percent) closed after their first year in operation.The percentage of businesses that fail increases to 30.9 percent in the second year and 38.6 percent in the third year. By the fifth year in 2020, the new business failure rate reaches 50.0 percent.Β Needless to say, it's hard! The ones that succeed do so not only because they work hard and get lucky. These entrepreneurs spend an immense amount of time creating a plan and execution strategy. It takes a lot of discipline to overcome the challenges. In this episode I'll discuss the basic questions you want to ask yourself when starting a business.