Quote:
Originally Posted by mattsonn  You know, I agree with this statement and with what Rohok said about hard work being necessary. But the thing is, out of the 90% (?) of entrepreneurs that fail, surely a large percentage of them invested a lot of hard work into it. |
I have failed 2 previous business and am finally with one that is working.
Work is planning, getting the proper finances, going door to door and promoting your business, making phone calls, hiring the best people, looking for the best location, negotiating the lease, being concious about ONE dollar, making boxes at 9PM, rushing to FedEx, calling your customers back.....
And even if you do all of that you may still fail. Most of the time you can usually pinpoint one or 2 reasons for your failure. Maybe it was underfinancing, maybe it was the competition, maybe it was your location, maybe cashflow etc etc. All of that can be analyzed and you can maximize your chances of making it.
I know all of this may sound cliche and it has been repeated many times, but it works.
I have one analogy that I like for my life. Life is like the game of Golf, the NEXT shot is always the one that matters. Forget your LAST shot and focus on your NEXT shot. Be a professional athlete, when they don't make a basket, they don't feel bad, just FOCUS to make the next one.
You only fail when you give up and quit.