Have you ever heard a phrase similar to this:
"Almost 90% of businesses fail within (specific timeframe)!"
Not exactly the best quote or statistic to hear, especially if you're an eager and upcoming entrepreneur.
On the bright side, I've got some good news for you!
The majority of businesses fail, not because of the business itself...
But the person running it.
You might be wondering why this is music to your ears, and I'll tell you.
It means that YOU are 100% in control of your business success (and failure).
In case you've ever seen some business TV shows like:
- Shark Tank.
- Bar Rescue.
- Or even The Profit.
The business (or business ideas) fail because of the person and their mindset.
Very rarely is it the business idea (and if you don't believe me, look at all of the crazy ideas that have been wildly successful on Shark Tank).
The sooner you start to realize that you are in full control of your business, the sooner you realize that any challenge can be solved and that there's always a way to move forward.
Pretty straight forward, right?
I'll leave you with a few obvious reasons why people fail with their businesses, that are often showcased on TV shows talked about above.
- Unwillingness to make changes.
- Unwillingness to get and use help.
- Unwillingness to make important sacrifices.
- Weak or undeveloped business mindset.
- Horrible work ethic (or just flat out lazy).
- Not coachable in any way, shape, of form.
- No good WHY behind what they are doing.
- Unrelated business problems affecting business.
- Very difficult to work with (good look helping others that way).
And I'm sure there's more.
Just make sure you're not making some of these mistakes...
Or you'll always be fighting an uphill battle.
James
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