Thinking of Starting your own Business? Planners Share Their Biggest Challenges
Skift Take
From managing cash flow to juggling responsibilities, there’s a lot to learn when planners open their own shop.
Every year, millions of people start their own businesses, despite the fact that, according to the Bureau of Labor Statistics, 20% will fail in their first year, half will fail after five years, and 65% will fail in 10 years.
Among those taking the leap are meeting planners who decide to set up shop either by choice or because they have lost their jobs or been forced into early retirement.