I’m going to share with you the top 10 reasons why people fail and how you can turn these flaws into traits helping you become a highly effective entrepreneur.
Every single one of us possesses blind spots when it comes to knowing about ourselves, majority of the time we all fail to see our own weaknesses.
We all cling on to bad habits, deconstructive behaviour and limiting beliefs.
The toughest part is admitting to yourself that you have a weakness.
If you don’t know you have a problem, then you can’t work to fix it.
Check out the top 10 reasons why people fail and find out if you posses one or more of these laws and learn how to remedy them:
1. Poor People Skills
“The most important single ingredient in the formula of success is knowing how to get along with people.” – Theodore Roosevelt
I believe that the most successful businesses are built upon successful relationships.
That is relationships within an organisation but primarily the relationship between the brand and its customers.
People like to do business with people they know, like, and trust.
Have you ever heard the saying: “It’s not what you know, it’s who you know.”?
That saying holds true to every industry. Making people skills a strength will take you farther than any other skill you develop.
Improve your people skills by regularly communicating more often on a regular basis with people in general, break out of your comfort zone and get used to surrounding yourself and interacting with the right kind of people.
2. A Negative Attitude
If you circumstances constantly get you down, then maybe it’s time for a change – not in your situation but in your attitude.
There is no point in stressing over something you can’t change.
The key is to move on and grow stronger.
If you can learn to make the best of any situation, you can remove a formidable obstacle that stands between you and your dreams.
Learn to see the positive in every situation.
If you think there isn’t a positive in any given situation, you are not looking hard enough.
3. A Bad Fit
Sometimes a case of mismatched abilities, interests, personality, or values can be a major contributor to chronic failure.
In the past when I was striving to become a successful online entrepreneur I was working a “day job” that I certainly didn’t enjoy.
What made it worse is that the people in the organisation had nothing but negative responses and reactions to everything in general.
This is a perfect example of a “bad fit”.
Are you an entrepreneur working for an organisation whose idea of progress is moving backward slowly?
Sometimes you need to make that change no matter how difficult it may seem.
In this instance a change of occupation whilst working towards to becoming a full-time online entrepreneur.
If there is a will there is a way.
4. Lack of Focus
Bad things happen when a person doesn’t focus.
It’s a lack of focus that prevents you from turning ideas into reality and getting your business off the drawing board and out into the marketplace.
People lacking focus have trouble not because they’re too busy, but because their priorities are out of whack.
And that wastes their time and resources.
If you go from task to task to task without making any progress, or you can’t seem to reach a goal no matter how much effort you give it, examine your focus.
No one can move forward without it.
5. A Weak Commitment
Without a strong commitment, you cannot accomplish anything of value Not giving it 110% or doing something haphazardly are results of a weak commitment.
The last time you failed, did you stop trying because you failed, or did you fail because you stopped trying?
Reassess your current situation and make a new strong commitment to yourself and make yourself accountable to someone important to you to see yourself through with your next venture.
6. An Unwillingness to Change
We are in the information age, everything evolves as time passes and at a rapid rate, technology, industries, our skill sets.
Some people seem to be so in love with the past that they can’t deal with the present.
Change is a catalyst for personal growth.
If you’re not willing to change, to learn, to hustle, then you’re not willing to succeed.
Change yourself in all aspects and acquire the habits, skills, knowledge that successful people possess. Study, model, form new successful habits and you’ll be on the road to success in no time.
7. A Shortcut Mindset
A common obstacle to success is the desire to cut corners and take the short road to success.
It’s this shortcut mindset that completely wiped me out in the past and which I had to learn that taking shortcuts simply doesn’t pay off, the hard way.
Shortcuts never pay off in the long run.
It is important that you understand that success does not come easy.
All the hard work you put into attaining success without taking shortcuts is more rewarding and it does pay off ten fold in the long run.
Cutting corners is really a sign of impatience and poor self-discipline.
Eliminate the need to “cheat”, the need to take shortcuts to achieve the end result and start focusing on growing your self-discipline and acquiring a strong work ethic.
8. Relying on Talent Alone
“Talent is only half the equation, hard work is the other half.” – Chris Pambos
Talent alone isn’t enough to take a person though the multiple failures that life brings.
The difference between two talented people, one fails in business, the other succeeds in business, is the hard work the latter invests.
Talent alone can only get you so far in any field.
Through discipline and hard work even the most unskilled individual can catch up and surpass the individual who heavily relies on talent alone.
Regardless of how talented you are, remember, the one that works the hardest will always come out on top. Begin training your discipline and continually push yourself beyond your comfort zone and over time you will attain success without realizing.
9. A Response to Poor Information
In the corporate world highly effective executives are able to make solid business decisions based off very little information due to a myriad of factors.
Primarily having an exceptional team of advisers whom the executive relies to gather information from.
As an entrepreneur you will be put in a lot of situations where you will need to make important business decisions.
It’s vitally important that you or your team do the research that is required and gather the absolute best information possible to assist you in making solid business decisions when the time calls for it.
10. No Goals
The last major cause of failure is an absence of goals.
I like to view goals as reasons WHY you do what you do as an entrepreneur.
Without a strong enough WHY you will not make a strong commitment which is a recipe for failure.
Telling yourself that you want to build an online business because you want to earn $1,000,00 isn’t a strong enough WHY.
Backing goals with monetary reasons is motivating but not motivating enough to make you persevere through adversity and put in the hard yards required to building a successful business.
Write your goals down on a piece of paper and think of reasons WHY aside from monetary as to why you want to be a successful entrepreneur.
Do you possess one of more of the above reasons as to why people fail?
Please share your thoughts, your weaknesses, and what you are doing to grow as an entrepreneur in the comments section below.