According to Bloomberg, 8 out of 10 entrepreneurs who start businesses fail within the first 18 months.
Pretty dismal statistics, huh?
But what if you could avoid making the same mistakes that 80% of new entrepreneurs fall prey to? What if your future, wiser self could travel back in time to tell your current self what the pitfalls are, so you could avoid them?
Although time travel isn't yet possible, you can still learn from the seasoned pros. So I sought out 13 accomplished and highly successful entrepreneurs, and I asked them:
If you had a time machine to go back to when you first started your business, and you could give your former self just one piece of advice, what would it be?
The answers they gave were eye-opening...
1. Pat Flynn
For more tips from Pat, check out his upcoming book, Will It Fly? How to Test Your Next Business Idea So You Don't Waste Your Time and Money.
2. Chris Ducker
For more help from Chris, check out his new community, Youpreneur: The Entrepreneurial Community Where Nobody Gets Left Behind!
3. Natalie MacNeil
For more help from Natalie, check out The Conquer Club: An implementation incubator & community for women entrepreneurs.
4. Bryan Harris
For more tips from Bryan on launching a successful product, check out his free Product Builder's Toolkit.
5. Jon Morrow
To learn how to get your products in front of more people, check out Jon's Guest Blogging course.
6. David Siteman Garland
To learn how to create online courses for the people on your email list, check out David's course, Create Awesome Online Courses.
7. Tara Gentile
For more business-building tips from Tara, check out her Creative Live workshops.
8. Jeff Goins
For tips from Jeff on building an email list, check out his free guide for getting 100,000 subscribers in 18 months.
9. Rick Mulready
For tips from Rick on growing your business with advertising, check out his podcast, The Art of Paid Traffic.
10. Kimra Luna
To learn how Kimra used webinars to build a million dollar business, check out her mini course, Rock It With Webinars.
11. Amy Schmittauer
To get more smart people around you like Amy, check out her new community, Social Authority.
12. James Wedmore
To learn how James uses video to build his email list, check out his post, How I Build My List with Video (5 Ways).
13. Erin Stutland
To discover how to hustle less and get more of what you want in your business, check out Erin's Magical Manifesters.