No one said being an entrepreneur was going to be easy. Regardless, the entrepreneurial field seems to be growing by the day. That is a good thing if everyone adopts the entrepreneurial mindset and is ready to do anything it takes to succeed, but that isn’t always the case.
People fail in every single industry. It’s unfortunate, but it’s also the truth. If you have taken the journey that is becoming an entrepreneur and if you also aren’t seeing as much success as you thought you would, then you need to figure out why before your life spins out of control.
We have provided four reasons why you’re not making it as an entrepreneur. If any of these reasons relate to you, then it is crucial that you try to fix the problem in a hurry.
RELATED: 3 Ways To Break Out Of A Funk And Achieve Success As An Entrepreneur. Are you stuck in a funk? It happens to everyone, but you will eventually break out of it.
Reasons Why You’re Not Making It As An Entrepreneur
- You’re Not In “All-In Mode”
- You Still Have Bad Habits
- You Aren’t Hustling Enough
- You Stop At Failure
You’re Not In “All-In Mode”
Being in all-in mode as an entrepreneur is a very big commitment. You not only are changing your profession, but you are changing your lifestyle as well. If you start to slip up, then, well, you are going to start failing as an entrepreneur.
This could mean so many different things. It could mean your business fails, it could result in your networking taking a hit, it could result in your bank account taking a hit, it could simply mean your mindset is not right, etc.
If you want to be a successful entrepreneur, then you have to go into all-in mode. You can’t simply take a day off from being an entrepreneur, because being an entrepreneur is who you are. You have to constantly be marketing yourself, your businesses and you can’t get complacent when it comes to networking.
You are taking a huge risk as an entrepreneur since you are risking your money. Therefore, you should either go all in, or you shouldn’t go in at all.
“If you do what you’ve always done, you’ll get what you’ve always gotten.” – Tony Robbins
You Still Have Bad Habits
If you are a first-time entrepreneur or a young entrepreneur, then you might still have some bad habits that you need to eliminate. If you have issues with procrastinating, then that is a habit you have to eliminate immediately. After all, entrepreneurs tend to put in long hours every day because work is their lives. If you waste an hour or two because you aren’t determined enough to make all of your dreams come true as an entrepreneur, then, well, you are going to really struggle to find those extra hours in the day to make up the lost time.
Some entrepreneurs just don’t know how to delegate work yet, or they are perfectionists so they don’t want to delegate work. You will find that you can work less and be just as effective if you learn how to properly delegate, which is the act of giving any portion of your work to someone else. Since you are likely going to be involved in a lot of startups, you are going to find out that you are doing most of the work initially — well, in some cases, that is.
While you probably can work 70 or more hours a week in the short-term, you are going to get burned out over time, which is why learning how to properly delegate could be your greatest weapon.
Nonetheless, if you have bad habits of any kind, you need to eliminate them.
“First we form habits; then they form us. Conquer your bad habits or they will conquer you.” – Robert Gilbert
You Aren’t Hustling Enough
This is an extremely bad habit, if you will, to have. If you aren’t hustling hard enough, then you obviously don’t want to make your goals and dreams come true bad enough. You might dream of having fancy cars and financial freedom, but if you don’t put in the work, if you don’t hustle nonstop, fancy cars and financial freedom will always be a dream to you.
It’s okay to take breaks, and you should be taking them. Heck, you should be taking breaks every single day. If you are really burned out, then it’s also okay to go on a mini-vacation. These getaways will help you recharge your mind, body and soul, and you will come back from them ready to put in some serious work.
Remember, there’s a reason why entrepreneurs incorporate work-life balance. If they didn’t, then they would get overwhelmed and quit in no time. However, they are always “on the job,” because that just comes with the territory.
“Think big and don’t listen to people who tell you it can’t be done. Life’s too short to think small.” – Tim Ferriss
RELATED: How To Be Successful On A Plane If You Are An Entrepreneur. Entrepreneurs are always finding extra time to squeeze in some work … even on a plane.
You Stop At Failure
Entrepreneurs are going to fail over and over again. Of course, some succeed right out of the gate, but that doesn’t mean they don’t encounter little failures along the way. Entrepreneurs have to come to terms with failure, because they are going to be failing over and over again.
However, it only takes one success to make it as an entrepreneur. Of course, that one success is a million (perhaps billion) dollar business. If you stop at failure, you are going to be in and out of the entrepreneurial game in no time.
If one of your businesses fail (especially if it’s the first one), you have to learn from your mistakes and then move on to the next business venture. Being an entrepreneur doesn’t mean putting all of your money/time into an opportunity, failing and then giving up. Being an entrepreneur means putting all of your money/time into an opportunity, failing, picking up the pieces and then trying over and over again until you are successful. Of course, it certainly helps to succeed the first time through.
Don’t stop at failure. Use failure as motivation and keep moving forward.
“I’ve missed more than 9000 shots in my career. I’ve lost almost 300 games. 26 times I’ve been trusted to take the game winning shot and missed. I’ve failed over and over and over again in my life. And that is why I succeed.” – Michael Jordan
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