How to beat the odds of failure in business?

What if there was a cheat code for starting a business. All you needed to do was enter the code A43F6T48 into your phone app and you instantly became invincible and financially enabled. Then you could launch whatever business idea you have.

Seems unlikely in the real world, but are there ways to beat the odds of start up failure. With up to 80% failure rate of small emerging businesses in South Africa, it is still a wonder why we see so many new registered businesses each month. Your odds of winning at the Lotto seem almost better and a whole lot cheaper.

But there are stats that depict a reversal of these odds with up to an 80% success rate for businesses who participate in a good quality Incubator. A successful Incubator with a solid methodology for business development accompanied by experienced start up coaches and a network of associated practitioners who will guide and lead you to the right places towards success.

If there were such places, why do so many people still risk the odds of trying to go it alone and beat the system? Maybe for the same reason that there are long queues at the Lotto each week, or hundreds of people at the casinos each evening. The faintest of hope drives people to play the odds and try to win, knowing deep down that it is almost impossible.

But beat the odds we do. Here at the Entrepreneur Incubator and Academy we have a very well versed plan of action to start any business. Our Steps to Success guides our clients together with solid coaching and mentoring along a road that will ask all the required questions to lead to points of Viability through Feasibility to Sustainability. Each step is equipped with Go/No Go scenarios and we will never waste time trying to pursue an idea or product that does not match up to the rules. This assists in failing fast and not wasting time, energy and money in the process.

Actually come to think of it, there is a cheat code to business success. It is simply and email to admin@ei.co.za to book your first session. We look forward to your success.