All posts tagged: marketing funnel

How I Achieved the Magical $1MM in Less Than 2 Years

A Note from Reggie Chandra, Ph.D, PE

The Problem

8 out of 10 entrepreneurs who start businesses fail within the first 18 months. Only 4% of the 28 million companies in the US ever reach more than $1MM in revenue. Of those firms, only 1 out of 10 (0.4% of all companies) ever make it to $10MM in revenue. Only 17,000 companies make it to $50MM. The primary reason that entrepreneurs fail is because they don’t have real-time metrics and dashboards to navigate through their entrepreneurial journey. Since entrepreneurs are flying blind, just like a plane without instrumentation in the cockpit, the businesses crash and burn.

Mike ThiessenHow I Achieved the Magical $1MM in Less Than 2 Years
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