The word “failure” is considered a taboo in the business community and people do not like to talk about this forbidden subject. Even on the internet, you can find a lot of content about ways to becoming successful entrepreneur but very little is available on the topic of failure.
Everybody considers great ideas and a lot of capital as the only way to become successful. But researches have proved that success in a business does not depend on these two factors. Success is dependent on the person behind the ideas. This one individual holds the key that could unlock the doors to either success or failure. These people are known as “entrepreneurs” and they have become an important part of our society. Their attitudes, perceptions, and beliefs actually determine their path of success or failure.
They say it is not the gun that matters, it is the man behind the gun who matters. The people who fail in their business are not just born with the notion to remain unsuccessful for their whole lives. There are some habits that they adopt during their journey which make them lose in the end. They do not realize that such habits become a part of their personality and have a great impact on their decision making power therefore never making it to the entrepreneurship boat.. The best way to avoid them is to identify them so that they can be changed into traits of successful people.
1. People with just ideas:
These are the people who are extremely intelligent and have millions of ideas. You can get a fully loaded advice kit from them for any problem. They can create anything out of nothing and make your head spin with dozens of solution. But all their ideas work in their head, in real life they do not act upon their amazing ideas. They do not start a business, do not take risks, and consider everything a waste of time. They become so comfortable with their imagination that they fail to really act in real life.
2. The blamers:
These are the personality types who blame others for not supporting them, for not encouraging them and everyone for not leading them to their successful path. They do not have the courage to go on by themselves. They just blame others for everything they have failed to achieve.
3. Perfect time dreamers:
Sometimes there are people with great potential and skills but they keep on waiting for the perfect timings to start their journey. These people just assume that good things can happen but do not take the risk of starting off with little incapability.
Some people start their business just to earn money. All their efforts revolve around raising their pile of cash in the shortest possible time. They are impatient and greedy and often fall into the list of unsuccessful entrepreneurs because of this trait.
5. The comfort-zone lovers:
As you need to pull hard for bringing the water up the well in the same way success is not achievable without effort. There are some entrepreneurs who just like to work from their comfort zone and do not take the plunge to take risks.
6. Capital is everything:
There are some entrepreneurs who believe that huge capital investment is the guarantee for a successful business. They spend heavily on the infrastructure, advertising and campaigning for their business very early then they are required. This lavish spending on just making their business appear successful actually makes them fail completely during their troubling hours.
7. Becoming the hero:
Some of the entrepreneurs do not like to ask for help from others and like to run their business just on their own. Their pile of responsibilities just confines them to their own shell and they fail to gather new ideas which can be attained through collaboration and sharing problems with others.
8. One living in the past:
When finally entrepreneurs achieve the height they struggle for, they think their formulas for running a business are the best. They make an unforgettable oath with themselves not to ever break the rules to try something new. But in this fast pace world, old methods do not work. Every day is full of new challenges so as entrepreneurs of today, people should apply techniques and methods according to the arising issues.
9. The Afraid:
One of the most knowledgeable personality types of unsuccessful entrepreneurs is the Leper. These are the people who have all the traits of running a successful business. They have great ideas, intelligence, hard work, and passion. But they have the fear of falling behind. They do not have the courage to move forward and believe in their decisions.
10. The Clueless:
Underdeveloped business ideas and a list of incomplete projects are the important personality traits of such unsuccessful entrepreneurs. They always pursue other goals while they are in the middle of completing previous goals.
By avoiding all these traits you can make most of your abilities and carry on with the journey towards a successful business.