Sunday, May 22, 2011

Why entrepreneurs fail


Why Entrepreneurs Fail


True entrepreneurs struggle with their business opportunities for a variety of reasons. Among the most obvious are a lack of capital, lack of understanding about marketing, and personnel issues. However, from my own entrepreneurial experience and knowledge of others, there are three major reasons individuals fail in entrepreneurial ventures.


entrpreneurs, business development, sales, success, small business


In my 25 + years working with professionals in Business Development, universally I've discovered that they have learned to think like entrepreneurs. This is what has allowed them to rise to the top of their profession. Each would tell you that along the way they have learned how to think differently.

True entrepreneurs struggle with their business opportunities for a variety of reasons. Among the most obvious are a lack of capital, lack of understanding about marketing, and personnel issues. However, from my own entrepreneurial experience and knowledge of others, there are three major reasons individuals fail in entrepreneurial ventures.

     They tie the success of their business with their own self worth.
     They neglect to set realistic goals and plans for themselves and their business.
     They are not prepared to pay the price of success.

True entrepreneurs with the right thinking prevail over a period of time. They h

 



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