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Entrepreneurship, Growth Travis Shelton Entrepreneurship, Growth Travis Shelton

More To the Story

Statistics show that 20% of businesses fail within the first year, 50% fail within the first five years, and (depending on the source) 65%-80% fail within the first ten years. You've probably heard some iteration of these numbers. The broad consensus upon seeing this data is to conclude that business ownership is simply an uber-risky endeavor. That theory makes sense, and the numbers would seem to point in that direction, but I don't think that tells the full story.

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Entrepreneurship, Impact Travis Shelton Entrepreneurship, Impact Travis Shelton

Live By the Sword, Die By the Sword

A massive scandal broke out in my city yesterday. Then, in mere minutes, it became a national scandal. Protests were quickly organized, and idealizations of riots were discussed on social media. Then, the inevitable happened. Local companies began drawing lines in the sand and making bold proclamations on their business social media accounts.

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Entrepreneurship Travis Shelton Entrepreneurship Travis Shelton

The Three Invisible Legs

Shockwaves were recently sent through my community when a popular restaurant unexpectedly closed. It's a newer restaurant that's known to be quite busy. Social media was abuzz, with many commenters dumbfounded by how a business as busy as this can't make it financially.

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Entrepreneurship, Growth, Impact Travis Shelton Entrepreneurship, Growth, Impact Travis Shelton

Never As Good As We Believe

At the same time, however, we encountered and discovered gut-wrenching problems that knocked us down a peg or two on the ego scale. This is a universal principle I firmly believe in: No matter how good we might think we're doing, we're never as good as we believe. Danger lurks behind every corner, and our successes often mask the warts.

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