8 Reasons Entrepreneurs Don’t Succeed

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I’m not a negative person. But sometimes, you just have to call them as you see them. Here’s a list of eight things entrepreneurs seem to do that hinder, and often even destroy, their business successes.

1. Procrastination – Many entrepreneurs want to wait until everything is perfect. So, they put off launching that new product, making that follow up call or holding that meeting until it can be done just right. Successful entrepreneurs have learned to strive for excellence and not perfection.

2. Poor Time Management – Everyone has 24 hours in the day – no more and no less. The difference between a successful business and one that is so-so is in knowing how to wisely use those 24 hours. Successful entrepreneurs wisely use their moneymaking time.

3. Treating Business Like A Hobby – For a business to thrive, it must to be run like a profitable business. You have a choice, it can be a hobby or a business but rarely can it be both. A moneymaking business means consistently doing those activities that produce income. Successful entrepreneurs are serious about making money.

4. Lack Of Accountability - The entrepreneurs that fail often “dabble” in business. Personal / professional accountability can make the difference between thriving and just surviving. Successful entrepreneurs are fully accountable to themselves, clients/customers and their business associates.

5. Waiting For The Right Opportunity - Many businesses fail because of lost opportunities. Each positive or negative opportunity can take you one step closer to your goal. Inner motivation comes by being in motion and acting on the opportunities as they present themselves. Successful entrepreneurs know how to “strike while the iron is hot.”

6. Refusing To Learn New Skills - Here is a powerful success tip: First you have to grow yourself before you can grow your business. It’s never too late to learn. In this fast moving age, it’s important to keep up with the technology and the business world. Successful entrepreneurs learn the skills that keep them at the top of their professional game.

7. Negativity – Negativity is an energy drainer. Focus on the positives of a successful future. Like attracts like. What is your business attracting? Successful entrepreneurs have learned from the challenges and go positively forward, toward their next successes.

8. Unrealistic Expectations – Success in business takes time, energy and money. If you think success is going to happen over night, you’re setting yourself up for major disappointment. Disappointment often leads to discouragement and discouragement to inaction. Successful entrepreneurs have a well-thought out plan of action and work that plan consistently.

As a savvy entrepreneur you can recognize and change what isn’t working in your business into more powerful and positive business building and moneymaking strategies. Just remember, you have the power to succeed and thrive in business and, in life!

Copyright © 2009 Sharon Michaels – All Rights Reserved

I’m Sharon Michaels.com and my business is dedicated to empowering and mentoring women who have chosen to successfully work for themselves. I teach you how to do business successfully.

You’ll want to check out my new Membership site http://WomenEnjoyingSuccess.com I share ready-to-use “real world” solutions to your everyday business-building challenges. It’s like having an Online Success Coach available 24/7. This site is an online community of businesswomen who want to succeed in business and have fun enjoying their successes. It’s all about Women Enjoying Success! Come join us.

One Comment

  1. Posted 03/15/2010 at 4:55 pm | Permalink

    A hard-hitting post that resonates always and for every entrepreneur. I’ve worked with clients who thwart their own success because of one or more your 8 reasons. The resistance to Learning New Things is the most disturbing, particularly their unwillingness to discover how social media can grow business and reduce marketing costs. I suspect we’re both doing our part to turn resistance into acceptance. Great post.