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90% of businesses never hit a $1M/year in sales...
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Key takeaways
- One in every 250 businesses does over $10 million a year in sales, and that means that 99% of entrepreneurs never hit it.
- 90% of businesses never hit a million dollars a year in sales.
- Number of sales times [music] If you have no sales, doesn't matter how good the lesson values if no one buys it, zero.
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Full transcript
Locally archived YouTube transcript with timecodes. Speakers are assigned heuristically and may be corrected editorially.
0:00One in every 250 businesses does over $10 million a year in sales, and that means that 99% of entrepreneurs never hit it. 90% of businesses never hit a million dollars a year in sales. 90%, and that doesn't look that way on Instagram, but this is the This is the vast majority of businesses, right? Now, 9% of businesses cross this million-dollar threshold, and then only 0.4%, which is one in 250, do 10 million plus. And so, I'm just going to give you the advice that I followed, which is like, what was the first thing I did to get myself out of this below million-dollar category to the above million-dollar category, and then to eventually the 0.4% $10 million category, and it was actually just learning how to sell.
0:39>> [music] >> Because if you can't sell anything, you can't make money. It's the first part of the equation. Number of sales times [music] If you have no sales, doesn't matter how good the lesson values if no one buys it, zero.