Establishing a business requires skills, and only the toughest would survive. According to a new research study, around 90% of companies experience failure within the first five years of their operations. This can have a disastrous effect on the country’s economy, and it would mean that more people can lose their jobs if the businesses are not performing well.
Despite the ominous study about the fate of the majority of startups, the study also points out that the remaining 10% would experience tremendous growth. Luke Lazarus, an Australian-born entrepreneur, is a serial entrepreneur who developed his own strategy on how he can make his businesses successful.
As a young child, he used to train how he can be a good businessman, and it gave him an edge after he graduated from college.
He focused entirely on an entrepreneurial career after he graduated from the university, and Luke Lazarus was able to establish four different businesses that soon became successful. Read more: Luke Lazarus | Medium and Luke Lazarus | Interview
He was financially independent at a young age, and he used the wealth that he built through the years to invest in different options, allowing him to earn more. He quickly became one of the fastest growing millionaires in the country, but after realizing that he does not feel contented with the money he makes, Luke Lazarus decided to make a 180-degree turn and helped the people on how they can become wealthy instead.
He decided to become a business consultant because he knew that through the services he will be providing his clients, they could have a chance of making it big.
A lot of struggling startup companies from around the world seeks the assistance of Luke Lazarus. He used his skills in managing businesses to advise the companies what they should do to become successful. He also offered a range of services that allowed businesses to thrive. One of the things that he always tells the public is to invest their money on the things that they know about.
He further highlighted that a lot of people are being scammed because they do not know the nature of the investment that they are getting into. For startups, it is important for them to know what their products and services are, and they also need to hire a good marketing team that would make their business more popular with the public.
Luke Lazarus managed to get the interest of several startup owners and persuaded them to do what he advised them – becoming smart in handling their money. He realized that many entrepreneurs are trying to open a business just for the sake of owning one – and they lack the knowledge of how to operate it.
He further added that with his help, more people are becoming financially literate, and they now understand how a legitimate business works.
Learn more about Luke Lazarus: