Multi-millionaire Entrepreneur Codie Sanchez Reveals The Eight Businesses That ‘Almost Always Fail’ [Video]

Multi-millionaire entrepreneur Codie Sanchez, the founder and CEO of Contrarian Thinking, a financial advice enterprise, has made a name for herself by challenging conventional wisdom and offering unique insights into the business world.

From her experience and keen analytical skills, Sanchez has identified eight types of businesses that are almost always destined to fail. Her observations can be quite valuable for aspiring entrepreneurs, guiding them away from common pitfalls and toward more sustainable and successful ventures.

So which businesses should budding entrepreneurs try to avoid? Here’s a rundown:

1) Restaurants

Sanchez highlights the daunting challenge of restaurant success statistically: a staggering 60 percent fail within their first year, and a grim 80 percent don’t make it past four years. She also emphasises the significant investment required to create a truly remarkable dining experience.

Competition is cutthroat, intensifying the challenge. Even established brands like Cracker Barrel need help. Their CEO recently conceded a …