Five Reasons Why Entrepreneurs Fail

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five reasons why Entreprenures fail 

Five Reasons Why Entrepreneurs Fail

There are many reasons why Entrepreneurs Fail but the five that spring to my mind i have listed below for you to read and decide yourself if these are one that stick out in your mind and you can recognize them in yourself or they can help you in avoiding doing them if you are just getting started  

  1. Bad Time Management- They do not keep track of their time. Keeping track of your time and getting into a routine is essential as you need to be making sure you are doing profit-making activities, and if you don't set yourself out a plan every day with a list of what you have to get done you will find yourself neglecting  what is most import to you and your business. You will find that you are forgetful and not doing certain activities that are important.
  2. Not Being Consistent-They stop being consistent in what they do every day and If you are not consistent in what you do every day, you will not see any results as you will not be building any momentum with your customers, take for example writing a blog if you are going to write a blog post three days a week then write that blog post three days a week, if you are going to place an advertisement every day, then make sure you place an advertisement every day don't just do something for a couple of days then stop and decide to pick it up again in a months time as this will not be good for your business.
  3. Stop investing in themselves-They stop investing in themselves because they think they have nothing else to learn and if that happens then you have nothing to say, they must be constantly learning new skills and constantly putting time back into their education. Reading is another way with self-help book and motivational speeches, listen to them on audio if you don't like to read.
  4. Healthy Body and Mind-They constantly neglect their body and mind. What I mean by this is you need to exercise, you have to stay healthy and it exercises like going to the gym, walking, cycling, running whatever works for you this would revert back to having a routine also. The mind is also something they neglect but this can be rectified by meditation as this helps so calm the mind and allows you to switch off and get out of your head, its even more effective at helping you come up with an answer to a problem that you thought you couldn't solve as it allows you to step back and regroup.
  5. Profit Making Activities-They don't do profit making activities, this means you don't do the thing that will make you a profit like for example placing an advert this is something that will bring in revenue, in order to make money you need to spend money, but there is also time putting in the time that is needed to make a business work. there is no magic potion or wish that will make your business work only you.                                                   

Five Reasons Why Entrepreneurs Fail

As i said there are many reasons why this happens and you can guarantee this one thing if you fail to plan then you plan to fail if you take anything away from the five reasons why Entrepreneurs fail then take this if we don't learn from our mistakes then what is the point of making them

Success is simple,Do what is right, the right way, at the right time. Arnold H. Glasow Success is not the key to happiness, happiness is the key to success. If you love what you are doing you will be successful. Albert Schweitzer  

Thank you for reading we hoped you enjoyed it,

Yours Thankfully   Sandra & Maura Doyle

Sandra & Maura Doyle

 Five Reasons Why Entrepreneurs Fail
 
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