63: The REAL Reason 95% of Businesses Fail

The Chris Harder Show

Chris Harder

Entrepreneurship, Business

4.9 • 1.5K Ratings

🗓️ 12 October 2017

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

So, why do so many businesses fail, or more to the point, why do so many not even get off the ground? It may surprise you to know that often it's not because it's a bad business. It's not because it's a bad idea or product, and it's not because the person isn't a good "business person."

"The reason 95% of all businesses fail is because everyone is allowed to call themselves an entrepreneur without actually acting like an entrepreneur."

So many people seem to think that being an entrepreneur is this fun, romantic and energizing endeavor – like a magical entrepreneurial movie. But it's actually quite the opposite. It's gritty, dirty, scary and downright uncomfortable at times. Entrepreneurship consumes your life.

"You don't build a business in your spare time, you build your business all the time."

If you're not willing to do that, your business and your entrepreneurial career isn't likely to go too far. It's all about going that extra mile. You ask for help. You face rejection over and over. You have to learn what you don't already know to reach your goals.

True entrepreneurs do all the above (and more). And when they do, their business success follows.

In This Episode You Will Learn:

Why so many businesses don't even get off the ground
Why even good businesses fail
About the traits necessary to be an entrepreneur

Resources:

Lori Harder's The Bliss Project

March 2-4, 2018 – Newport Beach, CA

TheBlissProject.info

For more stories and tips on becoming unapologetically wealthy, follow me @Chriswharder on Instagram and check out fortheloveofmoney.com.

Transcript

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0:00.0	Welcome everybody this is for the love of money where we are making you
0:08.6	unapologetic about your pursuit of success by sharing the tools, tips, and stories of those who have already made it.
0:16.5	My name is Chris Harder, and each week I will bring you incredible guests
0:21.2	in order to prove that when good people make good money they do great things.
0:36.8	Hey, everybody welcome to another mini episode of for the love of money episodes that I like to call my two cents and today we are going to be talking
0:41.5	about the reason that 95% of all businesses fail. But before
0:46.8	we do, I got to give you a quick reminder, Lori's World Famous Bliss Project for
0:51.8	women. The weekend where you go to find yourself, the weekend
0:54.9	where you go to find your happiness, the weekend where you go to find your
0:57.4	purpose, and sometimes, yes your business is almost sold out and ticket prices go up next week. So if you're
1:07.8	at all considering going to the Bliss Project, go check it out at the bliss project dot info or if you know of a woman
1:15.3	who needs to go to the bliss project have her check it out at the bliss project that
1:19.0	info guaranteed to absolutely change your life like you never thought was possible.
1:27.0	Now, the reason why 95% of businesses fail, matter of fact, I should say the reason why 95% of businesses don't even get off the ground,
1:37.8	because quite honestly, the term fail means it was once thriving and then all of a sudden it bombed.
1:45.0	So the reason why 95% of the businesses never even get off the ground is not what you would think.
1:51.0	It's not because they're bad businesses. It's not because you have
1:56.0	bad ideas. Heck, it's not even because they're bad products, and I can prove that. How many horrible
2:01.9	products do you see on infomercials end up
2:04.4	selling millions and millions and millions and millions. And it's not even that
2:09.3	you're a bad business person if you have a business that failed or never got off the ground.
2:14.6	No, the reason that 95% of businesses fail is that everybody thinks it's supposed
	...

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