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
Links and Resources Mentioned in the Episode
- Show 4 – The Importance of Goal Planning
- 30 Days to Launch eCourse
- Why We Got Rid of Cable
- Fiverr
- Upworthy (Formerly oDesk)
- Request Your Free Access to the Serial Startups Community Facebook Group
- Want Pug Videos? Check Out Our Friends Jill & Josh @ Screw the Nine to Five Community
- Check out our Startups Academy
- Lean Startup
Tom with Josh from Screw the Nine to Five and Shane from Flipped Lifestyle
Episode Transcript
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Transcript coming soon…
