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Entrepreneurs Are Unique
We have all seen it, the Mark Zuckerberg’s of the world, non-conformists or those who go against the mainstream because they believe in an all encompassing idea that everyone can benefit from…if they can just create it. As is often the case, these entrepreneurs birth their idea forward and great things happen.
Success and Failure
Lets be clear, those are the success stories. What happens when the idea starts out quickly and falters, or when the idea never takes off for the entrepreneur? Let me share with you my top 5 things that can derail an entrepreneur’s dream and how to avoid them at all costs.
We all have thoughts, aspirations and dreams of doing or becoming something in this lifetime. Click To TweetTop 5 Reasons Entrepreneurs Fail
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Failure Proof Your Entrepreneurial Venture
- Have a plan, and execute that plan fully while paying attention to warning signs during execution.
- Create compelling interest in your idea or business, while committing to advertising that idea consistently and often.
- Gain champions or those who believe in you or your idea.
- Leverage a relationship with a mentor when unforeseen challenges arise or if you venture into uncharted territory, etc.
Plan to End Well
Finally, moderate stress through balanced activities and delegation from the very beginning. As the enterprise grows and the demands increase, your organizational capacity and ability to scale will be determined by your actions from the beginning, so execute accordingly.
This is great! One thing I would just add is that instead of being under-funded, Grant Cardone refers to this as just simply not selling enough. You don’t always have to go out and get money from other people. Sometimes it’s just figuring out how to sell more so that you have more revenue and more profit. I think, personally, that that is less scary!
Hey Sara!
I like your perspective and I think Grant is spot on. The key is facing those fears and going out and making more opportunities to sell because at the end of the day…more profit curtails a lot of problems! Thanks for sharing and adding your voice to the conversation. I appreciate you!