Why People Fail in Business!

There are 5 reasons why entrepreneurs fail or never make it to the top. Everyone keeps saying to me it’s hard, otherwise everyone would be starting their own successful business and making their own money instead of working for someone.
But although the top reason that people fail in business is because they never get started as they are scared to risk their hard ‘earned’ money, one of the main reasons is self doubt. Not believing in ones self, makes us less determined and less ambitious. So here are five descriptive reasons, if you have any more to add comment after reading through.

#1 Scared of Losing ‘Hard Earned’ Money

The top reason is one that a lot of individuals/entrepreneurs fall under, the fear of losing hard earned money. Now let me tell you something, your going to lose money, your going to learn from that loss of money and your gonna go on and lose more money, until you learn and until it suddenly hits you in the face that ‘you finally get it’, you finally know what it takes to run a successful and profitable business.
Money has no worth unless spent, so whether that’s building an empire or spending it on clothes, don’t just leave it there, lifes too short and your not going to take it with you, so lose the fear and at least you can say you tried and you failed, but trust me you’l succeed as long as you know what your doing!

#2 People That Put You Down

I can not help but find this stupid but it’s true. People are always going to be against you when  you are just starting out, they will never believe you can be as successful as you aim to be, because it never happened to them. Now when someone tries to put you down, just think to yourself, why are they trying to put me down? and the answer is because they can not do it themselves.
Never let somebody tell you, you can not achieve something. Soon as you start ‘making it’ being successful, those people that once doubted you are suddenly your friends’  again. Why? because you have money now, your successful and they will probably try to get on your good side. I believe in forgiving, but not forgetting.

#3 Listening Too Much To People’s Opinions!

Now I know this one may seem to be similar to the last point, but it’s not. In this instance, what I mean is; people fail in business because they make the wrong decision of asking people that do not have experience or a business mind about what they think of an idea. Let’s face it, I don’t mean to be too judgmental here, but some people are just meant to work for other people, they have been brought up that way and they require security more than high risk = high reward.
So to overcome this, ask people for their opinions but never doubt your own opinion. Trust me when I say this, your end action should be as a result of what you think, not what some stupid individual thinks, that can not see the overall picture in your mind. You know more than you think you do, so trust yourself and make your own decision!

#4 Lose Hope Too Quickly

Now this is one of my biggest disadvantages that really bugs me and I need to resolve it other wise I am going to ultimately fail. Every individual that ends up thinking about starting their own business, loses hope. The reason is it’s hard, for every strong advantage of an idea, there are possibly about 3 disadvantages and this results in us questioning whether we really have the skills and experience necessary to make an idea of this proportion succeed in this competitive environment.
For example if I get an idea and it’s good but also has several flaws which could result in the idea ultimately failing, I lose hope. I don’t think to myself we’l overcome it and just run with the idea and learn on the way. So my next aim is by September 2012 to create my idea and run with it and see what happens, of course a calculated risk will be taken but more of not questioning my entrepreneurship ability or questioning whether I will succeed.

#5 Not Enough Networks

Now I emphasise this because it is really important. The more people you know, the more people that will look into your idea and direct it towards some of their friends which may have the experience needed to support and consult the idea to a large extent and maybe even invest so you do not have just your money riding on this.
You have to remember that people are what move money around the world, one service for another service. I may for example want to  listen to music on the go on my mobile, therefore that is where spottily comes in, because it is cheaper than actually downloading every single album that I like, I just pay $10 dollars and I can listen to any songs for 1 month. It’s supply and demand and whoever believes in competition is not thinking very clearly for one reason. It’s all about focusing on what your doing and whether it will be successful, leave competition for the other businesses to focus on and for you too later focus on. Individuals will come to you for your brand and service. Just make something unique and well and you will wonder why you did not start earlier.