How many attempts (businesses) did you make until you reach $5000/month profit?
I am reading the book The Great Rat Race Escape by MJ DEMARCO and there is a thing called The Baseball Principle (One Swing Doesn't Make A Season). It is basically about you have to try many times before you find the success. There is a survey that said the average number of business failures before profit is around X (hided to prevent bias). So I would like to ask you how many business failures before you have a profit of let's say 5000$/month (enough to escape ramen). I will read your replies and make an excel sheet with formula to calculate average attempts before we see success, I think this data will greatly benefit all of us entrepreneurs here. You can do your freestyle but if possible you can do it by following the format (profit is per month):
06/2022:
* business 1, profit = 0
=> total profit = 0
09/2023:
* business 1: 0$ * business 2: 0$
=> total profit = 0
12/2023:
* business 1: 0$ * business 2: 0$ * business 3: 100$
=> total profit = 100$
03/2024:
* business 1: 0$ * business 2: 0$ * business 3: 100$ * business 4: 300$
=> total profit = 400$
09/2024:
* business 1: 0$ * business 2: 0$ * business 3: 500$ * business 4: 3000$
=> total profit = 3500$