Episode Overview

You’ve probably heard the statistic that 80% of fail within the first five years.  The reality is, many more than that fail each year, simply because they never actually get started.  There are a lot of entrepreneurs with good ideas, but the ones that succeed are the ones that take the leap to start.

So in this episode, we are going to discuss the 5 main reasons that we have seen people put off starting their business and how we recommend moving past them.

 

Episode Key Points

  • Understand 5 common reasons people never start their business
  • Realize that you will never know everything and you just need to start
  • Learn what analysis paralysis is and how to overcome it
  • How to utilize just in time learning as an entrepreneur
  • Why failing is actually a good sign as an entrepreneur
  • Why you should implement a Work in Process (WIP) limit on your ideas
  • The importance of understand what assets you have when starting a business
  • Why you need to surround yourself with other entrepreneurs
  • Why a mastermind group is essential for entrepreneurs
  • Why launching before your product or business is perfect is the way to go
  • From John Lee Dumas – FOCUS – Follow One Course Until Success
  • “Imperfect action is better than perfect inaction” – Harry Truman

Episode Transcript

 

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