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Why 70 % Of Entrepreneurs Fail At Building A Business | Top Reasons Explained

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Entrepreneurs Fail At Building A Business

Entrepreneurs fail within their first 120 days so when I say fail I mean totally give up! They start the dream and a couple of months later decide it’s not going to work out… so why does this happen? there’s probably a ton of reasons why it actually happens, Here we want to highlight a few so if you are thinking of give-up you will definitely reconsider it.

Number One – The First Reason Why Online Entrepreneurs Fail Because They’re Sold On It Being Easy!

Yes, you will find a lot of lifestyle entrepreneurs and people saying hey! come do this sell your next info product and be lounging on the beach, hanging out, and just chilling… but then you start and you realize oh! there’s actually work that is involved in building a proper brand that people know like and trust and want to actually spend their money on. it’s business it’s going to take some work, it doesn’t have to be hard work. it’s just really finding how to build a brand that’s authentic to you, finding a way to utilize these tools and technology to really cater to what your unique style is what your skills are what your passion is, and roll that into something that can be fun. don’t get sold on it just being super easy.

Number Two – Focus

Yes, focus on something that is really hard as creatives and entrepreneurs in general but becomes even worse when you get online there are so many people here so many things pulling you in every direction. for those that are just starting it’s all the more difficult. But it becomes so imperative that if you want your business or your brand to succeed in the Marketspace that you have to focus. having shiny ball syndrome is not going to help you. if you are all over the place you will be nowhere at all. So focus on one step at a time and try to do justice with it.

Number Three – You Start With Little To No Resources

Starting business especially those of us that are service providers have the least amount of barrier to entry. you could create a Facebook page or different social media handles and start putting yourself out there. you don’t have to have money. but if you want to elevate your brand like by the tools that you need to build your Business e.g. you want to run some Facebook Ads, have a website, host your website. There are things that you need to be able to buy things that become a part of your business expenses that you have to take in or keep in mind. And so when you think oh! I don’t need any money I just go right into creating everything and doing something.

Entrepreneurs Fail At Building A Business

Entrepreneurs Fail At Building A Business

Well, that’s what holds a lot of people back not having any resources to spend some money especially if you are brand new if you don’t know what you’re doing you might need to invest in a training program. you might want to hire a mentor a coach a consultant a strategist somebody’s really helped elevate your business so that you have that road map and you are not fumbling around in the dark and all of those things actually cost money so within that 120 days if you feel like you are lost in the woods and you are not sure where to turn next I can see why it’s easy to fall off if you don’t have direction.

Number Four – Confused And Highly Overwhelmed

when you are in the market space to run your business and with your online presence there are so many things that you can be doing, implementing different ideas. People try so many things and somehow you want to magically do all those things with your business it doesn’t work like that and if you’re not focused and don’t have a game plan you can get stuck with your growth. So don’t follow the herd in order to succeed. Stick to your plan. People often try everything and get defocused on the core goal.

Number Five – You Don’t Want To Ride Out The Process

Sometimes 120 days is not enough time to see if something works or not. some things you try might not work. it doesn’t mean you give up. you can keep tweaking until you find that thing that really is aligned with what you want to do. It allows for you to expand and grow in that area but if you give up every time there’s an obstacle. if you get up every time you fall, understand where you are! where you want to go…

Entrepreneurs Fail At Building A Business

Entrepreneurs Fail At Building A Business

This is the most common reason why people fail with their business in 120 days! We hope you don’t give up! don’t be that 70%. Find your way out…

Believer of the quote that Humans can never stop learning, Shalini is a graduate in psychology and currently pursuing her Masters. She has donned many hats, from being a professional event manager, lifestyle brands influencer, to being content curator. Shalini is a versatile writer, her writing ranges from everyday motivation, social media quick hacks, brand stories to writing about inspiring individuals. Shalini leads the bandwagon as the CEO at Robust story.

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1 Comment

1 Comment

  1. Ravi mehta

    January 20, 2021 at 5:13 pm

    Lack of broader perspective & long term vision – other reasons why budding enterprenuers fail!

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