Why 99% of Entrepreneurs Fail: Because they don't do anything...
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Saved by 7 people (-9 private), first by anonymouse user on 2009-01-21
- Lantisgaius on 2009-03-06 - Tags BlogWorthy , Blog
- Frufrufour1 on 2009-03-06 - Tags no_tag
- Mere-teresa on 2009-02-02 - Tags entrepreneurship , business , lang:en , billet , lifehacks
- Fadzlan on 2009-01-30 - Tags own_business
- Inspirat on 2009-01-26 - Tags entrepreneur , entrepreneurship , failure , success , focus
Public Sticky notes
Type 1 Amateur Entrepreneur: All ideas, no implementation.
Highlighted by inspirat
The problem lays in the fact that most self-proclaimed entrepreneurs are great at dreaming and envisioning their business idea, yet they lack the capability (and even willpower) needed to see it through. In my honest opinion, these people cannot be considered legitimate entrepreneurs if all they know is dreaming and allocating the task of implementation to others.
Highlighted by inspirat
In my honest opinion, these people cannot be considered legitimate entrepreneurs if all they know is dreaming and allocating the task of implementation to others.
Highlighted by inspirat
Type 2 Amateur Entrepreneur: Lots of ideas and half assed implementations.
Highlighted by inspirat
These entrepreneurs think of good ideas and have the willpower needed to start working. However, they take the “fail fast” mentality way too far — they’ll launch a prototype of their project, put in almost no effort in getting it noticed, then call it a failure.
Highlighted by inspirat
Alternatively, type 2 amateur entrepreneurs have multiple ideas that they’re simultaneously working on, and figure that they’ll get rich from at least one of them. To you and me, this is obviously flawed logic.
Highlighted by inspirat
Type 3 Amateur Entrepreneur: Lots of ideas, lots of implementations, and absolutely no focus.
Highlighted by inspirat
Type 3 entrepreneurs are marginally better than type 1 and 2 combined, but they have absolutely no time for anything other than their work. They make a solid attempt to see their business idea through, but get distracted by the idea of another growth opportunity.
Highlighted by inspirat
Pick one idea that you’re passionate about, and whole-heartedley follow through with your implementation. Forget about the babies who have their own pet projects! If you don’t put in the effort to build your company, you’ll see nothing but a self-hating outcome.
Highlighted by inspirat
Public Comment