Why 97% of Entrepreneurs Never Break $100K and How My Guest Ann Carden Changes That.
Money Talks with Lynn Kitchen EP 149
Are you a smart, hard-working entrepreneur who feels you struggle with that glass ceiling of earning $100K or more?
You are not alone!
Here's a statistic that might shock you: According to the Small Business Administration, only 3% of entrepreneurs ever reach six-figure revenue. That means 97% of business owners never break $100,000 in annual income.
Even more troubling? Most are working harder than they ever did when they were employees, but now, it’s for less money and no benefits. Does that describe you?
Why does this happen? My guest today, Ann Carden, shared something that will surprise you! It sure shifted how I think about business success.
The Cookie-Cutter Trap That's Killing Your Business
Ann believes this problem exists because entrepreneurs build a business to pay bills, not one that matches their highest potential as a human being. WHOA!!
Put another way, most of you build to survive, not excel!
Ann has over four decades of experience and has built and sold five different businesses. She told me about a revelation she had early in her consulting career:
"I realized I'm not really working in my expertise. None of this that I'm doing here in their system is my expertise."
This hit me like a lightning bolt. Think about it….are you following someone else's blueprint instead of building on your own unique strengths?
Ann discovered this the hard way. After moving from California to the Midwest and facing limited job opportunities, she started making rabbit dolls that became internationally acclaimed. But when she tried to scale using traditional business coaching methods, she kept hitting walls. The generic systems weren't designed for her specific expertise.
Here's what I've learned as your financial advocate: Most business advice treats everyone the same. It's like trying to wear someone else's shoes – they might look nice, but they'll never fit quite right, and they'll definitely slow you down.
Read more...
https://lynnekitchen.com/money-talks-episode-149/
Don't be part of that statistic. Your expertise is waiting to be unlocked, and Ann and I are here to help you do it.
Ready to discover the expert within you? Let's talk.
Ann Carden Website: https://vxrworks.click/LEKAnn149
Ann Cardens Book: https://vxrworks.click/LEKAnnbook149
Join my Wealth Builder Academy: https://vxrworks.click/LEKWBA
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