Something like 95% of businesses will eventually fail.
Most fail within the first 3 years.
And online-based service businesses?
I don’t have the stats on me, but I’m willing to bet the failure rate for online folks is much higher.
Internet money runs out every few years.
Have you noticed?
When the economy gets weird, people get scared, and they’re less likely to buy expensive services.
(Ironically, small luxuries like movie tickets and alcohol purchases INCREASE during tough economic times).
But between you and me…
You don’t have to worry about all that.
Here are 7 things that will give your agency or service businesses sustainability and longevity.
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Here are the links referenced in the video:
– Having Multiple income streams: https://youtu.be/qILXH2U24CY
– Using Tech & Hybrid Delivery Models: https://www.youtube.com/watch?v=16mKDbnMVlI
– Interview with Marcel: https://www.youtube.com/watch?v=QS2VCE-_uOE
– Training Blueprint: https://go.altagency.com/mda?utm_source=Youtube-EP-231
