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Digitalbloggers.com reasons why entrepreneurs fail to succeed
1. Reasons Why Entrepreneurs Fail To Succeed
digitalbloggers.com /Simpson2016/
Reasons Why Entrepreneurs Fail To Succeed
In today’s post, I am going to talk about why entrepreneurs fail and list just five of
that reason, there are much more reasons but for now, I will list five and hopefully it
will give you some pointers on what not to do so if your ready let’s dive in.
As I said there are many reasons why entrepreneurs fail to succeed. If you are
thinking of becoming an entrepreneur you need to have a clear plan as to what you
want to achieve and where you want to see yourself and your business in 5, 10 or 15
years, you have to have a long-term goal, you can’t just wake up one morning and
decide you want to be an entrepreneur and just go at it throwing mud at a wall to see
what sticks there must be a structure to your plan and you must stick to it not just do
it half-heartedly. The five reasons why entrepreneurs fail to succeed that I am
going to write about are as follows. Lack of proper training, Lack of capital, Lack of
consistency, Bad time management and no investment in themselves.
Lack of proper training
They have little or no training. Most entrepreneurs who get into a new business fail to get the proper training they
need to help them maintain and run a successful business. Going in with your eyes shut is a foolish mistake,
without guidance, you will be fumbling around in the dark making mistake after mistake without seeing any results, it
will also take you longer to get your business off the ground if indeed you do manage to get your business off the
ground. Everyone needs to learn from someone else, we don’t just wake up one day and have all the answers.
Without proper training, you could risk your business failing and risk losing everything you have put in.
Lack of capital
They have little or no start-up funds. Going into any business you need to have some capital behind you in order to
advertise and grow your business and the more capital you have the faster your business will grow, providing you
have educated yourself on how to market and where to market the products or services you are providing. Know that
is not to say you can’t build a business without advertising funds but it will take you much longer to see any results
and you will have to put in a hell of a lot more time and effort.
Lack of consistency
They are not consistent. You must be consistent in your efforts, whatever efforts you decide to put in for example if
you are going to do youtube video or blogs etc you have to stick to the regime you set yourself, if you are going to
blog or do a video 5 times a week then stick to that time frame don’t just add content here and there because when
you do eventually get followers they will be expecting to get updates from you on those days and times you normally
post.
Bad time management
They do not keep track of their time. You must keep track of what your doing and set yourself bounders for the
length of time you allocate to do certain tasks for example if you have a facebook business page and you want to
update and post on that page every day sent yourself a time frame of say an hour and a half each day to do
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2. whatever activities you need to do and then log off and move onto the next task at hand don’t spend all day trolling
through posts and videos that are not relevant to your business keep that for your evening wind down time.
Stop investing in yourself
They stop investing in themselves or don’t do it at all. they think that just because one solution doesn’t work for them
that none of them will they also think that they have nothing else to learn that they know everything about the
business they are in and there is no another product out there that can make their business better but they are
wrong there is always something new to learn and some new app, idea or youtube video out there that can make
their business easier and better.
reasons why entrepreneurs fail to succeed.
As I sad this is just 5 point to name a few there are a lot more but
if you allow yourself to get into the habit of doing the points listed
above you will make your struggle a whole lot easier. we hope
you enjoyed reading and it was of some help to you maybe you
didn’t even realize you were doing these things who knows. Just
remember the work you put in will determine what you get back
thanks for reading five reasons why entrepreneurs fail to
succeed.
Best Wishes
Sandra & Maura Doyle
reasons why entrepreneurs fail to succeed.
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Tags: entrepreneure, fail to succeed, failing, failure
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About Sandra & Maura Doyle
We are sisters from Dublin in Ireland. We come from a very large family of three girls and five boys. We
are both married. Maura has four children, one son and three daughters. I have no children but I have
two pets a pom called Gizmo and a Torti cat called Tigger. We both love Musicals, Spending time with our family and
everything about Christmas.
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