I originally posted this synopsis of The 7 habits of highly effective people back in 2009. To mark the recent passing of its great author Stephen Covey I felt it would be appropriate to repost it here today. I highly recommend his book (7 Habits) to any business owner and certainly to all my clients. It contains simple, straight forward, common sense habits that will help anyone who is running a business. I have modified the time quadrant to be represented by seats in a car (Image inserted below) and will blog this separately at some point… Anyway, here is a brief synopsis of the book written by a wise and amazing man… Stephen R. Covey 1932 – 2012
Did you know that statistically your chances of survival in business beyond five years are about the same as the flip of a coin!?! According to recent statistics published by the Small Business Administration (SBA), seven out of ten business startups will survive at least two years but only 51 percent will survive beyond five years. This is a far cry from the previous long-held belief that 50 percent of businesses fail in the first year and 95 percent fail within five years.