Episode Details

What if the biggest lie about success in America is that you should start a business? Emma Reid breaks down the brutal data that shows why 2026 might be the worst year to become an entrepreneur, and why social media gurus won't tell you the truth about business failure rates. 🎯 What You'll Learn: • Why 87% of businesses started this year will be dead by 2031 (and the 3 factors that predict which ones survive) • How the "entrepreneur industrial complex" makes money off your failure while selling you the dream • The real income numbers: why 70% of new business owners make less than minimum wage in year one • Which types of people should absolutely never start a business (you might be surprised) 👤 Perfect for: lifelong learners and anyone who's been tempted by the "be your own boss" messaging flooding social media right now. 📍 Chapters: [00:00] Emma Reid reveals the business failure stat nobody talks about [01:45] Why business applications hit 5.4 million in 2023 (spoiler: it's not good news) [04:20] The three types of people who should never start businesses [07:10] How social media influencers profit from your entrepreneurship dreams [09:30] The one factor that predicts business success with 60% accuracy [11:15] What to do instead if you want financial freedom 🔔 Never miss an episode: Follow The Invisible Hand on Spotify or Apple Podcasts and turn on notifications. New episodes drop daily, and tomorrow Emma's covering why your credit score might be lying to you. 🔍 Topics: entrepreneurship, business failure rates, startup statistics, financial independence, economic reality

Get new episodes at The Invisible Hand

------------- Keywords: personal finance, warren buffett, get rich quick

Learn more about your ad choices. Visit megaphone.fm/adchoices