BNET colleague Suzanne Lucas recently wrote about why failure is the secret of success. I don’t disagree, since learning how to overcome obstacles and setbacks is incredibly important… but at the same time failure can also be incredibly painful, both financially and emotionally.
Lessons learned aside, whether you own a business or work for someone else, failure sucks.
That’s why no one sets out to fail — unless, of course, they do one of these seven things:
Assume easy entry equals great opportunities. Some businesses are easy to start. For example, anyone with a little time on their hands can build an e-commerce website and sell products others fulfill. E-commerce is easy to do, hard to make money doing. Same with apps; a guy makes $300,000 off a game he developed in a week so thousands of people try to create their own apps. Easy to do, hard to make money doing. Businesses that are easy to enter typically only pay off well in the early stages of a new industry. Excess profits breed ruinous competition — and so does easy entry. Taking the hard way is generally the best way, if only because a lot fewer people will be walking the hard path with you.
To read the full, original article click on this link: The 7 Most Common Reasons People Fail | BNET
Author: Jeff Haden
