Posts Tagged ‘Failure’
10 Strategies for Rebounding from Startup Failures
If you can’t deal with failure, then the entrepreneur lifestyle is not for you. Don’t believe that urban myth that all you need is a good idea, a little fun work, and the money will start rolling in. When you are pushing the limits, nobody gets it right the first time, or even maybe the…
Read More4 Lessons from the Startup World That Will Benefit Your Small Business
When you’ve been in business for some time, it’s hard to remember what it was like when you were first starting out. In some sense, it’s much safer and easier to rest on your laurels than to have to risk inventing something new. But the truth is, inside every established business is a start-up waiting…
Read MoreUpbeat News for Small Businesses
These are heady days to be an aspiring entrepreneur in the U.S. Even the risk-averse with an idea might want to consider jumping into the small startup business arena today. Despite the historical odds against small business longevity, things have definitely been looking up in recent years! From 2005 through 2015, roughly half of startup…
Read MoreCan Business Failure Damage Your Personal Finances?
This is a question often asked by entrepreneurs, and the short answer is maybe. The longer answer is that it depends on your circumstances and the type of finance you take out. If you’re a sole trader or member of a non-limited liability partnership, of course, then it’s an unequivocal yes—you are personally responsible for…
Read MoreWhen You See What Dale Carnegie Said About Fear, You’ll Start Moving—Fast!
Are you too fearful to succeed? Fear is the single biggest roadblock that will prevent you from taking risks and without taking risks you can never be an entrepreneur. And, if you think about it, in the final analysis the biggest failure for “entrepreneurs” isn’t a business venture that goes belly up, it’s lacking the will…
Read MoreDo You Believe the Legendary Startup Failure Statistics? I Don’t!
This recent piece on startup failure statistics caught my eye on Twitter first, and I followed the links to discover Startups: Conventional Wisdom Says 90% Fail. Data Says Otherwise. | Fortune.com. Here’s a direct quote from author Erin Griffith: “I recently found myself carelessly repeating a statistic that I’d heard dozens of times in private conversations and…
Read More2 Harsh Lessons I’ve Learned from Starting an Online Business (and Failing)
Starting a business and branching out on your own is difficult. Let’s not beat around the bush here. It’s a staggeringly different reality compared to the one so many of us are accustomed to in our comfortable, cozy desk jobs. I’ve always been passionate about online business, especially affiliate marketing. It’s something I discovered at…
Read MoreTop 5 Reasons Small Businesses Fail in the First 5 Years
Sadly, 55 percent of new businesses fail within the first five years. At times this can be due to unexpected causes such as radical technology, market shifts, or changing regulations. But even in these cases, failure could have been prevented by careful planning. Here are five common reasons that businesses fail. 1. Lack of Knowledge…
Read MoreForget Finances: Fear of Failure is the Biggest Barrier for Creatives
The creative industry has quickly become a fundamental sector for many advanced economies, especially the UK. Last year, gov.uk reported that, in total, creative business were providing around £9.6m (~ US$ 11.7m) every hour to the economy, making the industry one of the UK’s greatest economic achievements in recent years. As such, ambitious creatives looking…
Read MoreThe Formula for Business Success is Simple
Yeah, sure. That’s what you probably thought when you read this blog post title. Nothing in business is simple, right? Experts will offer advice that relates to what they’re selling. They promise the moon if you do what they say. But, the formula is rather simple. But, before I give it away, here’s an example…
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