Simplify to succeed? Reduce your risk by 10X!
photo by cloudsoup
Looking for business success? Here’s some great advice:
– Stick to your strengths…do what you’re really good at.
– Work hard every single day.
– Find partners that get you and work closely with them.
– Be polite and give great service to your customers.
Now this isn’t just any great advice, this is backed up by some amazing statistics – you might have seen an earlier post on Why Businesses Fail with the kind of depressing statistic that more than half of all business start-ups fail within the first 5 years.
However there’s a group that lives by the advice above and their failure rate is about 5% after 5 years!
This amazingly successful group are Amish entrepreneurs according to Erik Wesner – author of Success Made Simple: An Inside Look at Why Amish Businesses Thrive. There are over 9000 Amish entrepreneurs with some businesses doing more than $5 Million domestically and overseas. Pretty incredible when you consider they have limited use of technology and tend to focus on traditional goods.
Wesner attributes a lot of their success to their culture and values, emphasizing hard work, family, integrity and quality as a way of life.
Think about the hundreds (or thousands) of business books out there…sometimes it certainly seems like we overcomplicate things! What do you think? Have you bought any Amish goods? I’d love to hear your thoughts in the comments below.
Shawn Kinkade Kansas City Business Coach