3 Entrepreneurs that always fail(But aren't incurable)
I’ve learned a bit reading Jessicah Mah’s blog and what she has to say about being a entrepreneur + collage student. She posted on a very interesting topic about Why 99% of Entrepreneurs Fail: Because they don’t do anything
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Basically this article is about maintaining your focus. It’s extremely important. Where do you want to be in two years from now? Are you staying focused and taking action so you can be where you want in two years from now? It’s a common problem. It’s also obvious. But we all make the same mistake at some point or time. We let our feelings pull away our focus.
Like Jessica said in her blog, we get one of those ideas, get excited about it, dream about getting bloody stinking rich and speaking at seminars in a fancy hotel. That’s great! I think it’s awesome that enough people are still like that. I think it’s important for us to have dreams and goals and the urge to accomplish something more than the average job. I think it’s awesome. But how do we react when everything drops, when we loose all faith in our golden idea? Halloween 4: The Return of Michael Myers on dvd
I’m sure a lot of us have gone through it. One day we think we’ve found the billion dollar idea, but the next day we view it from a new angle and think “maybe it won’t work after all.” or “it’s not going to work because…” or “who is going to want to buy/use/have…”
We have to understand that negative feelings are inevitable. We’re not always going to feel 100% positive 100% of the time. There’s always time when doubt creeps in and pulls you down to the point where you want to give up. So don’t think having a great idea means that you’ll never go through tough times or that you’ll never have people disagreeing with you. If it was that easy everyone with a million dollar idea would be rich. So remember if you go through self doubt, it’s a good thing, it means you’re growing and getting closer to success.
Jessicah describes three types of “amateur” entrepreneurs. Type #1 is all ideas no action
. They have all the ideas in the world but lack action. These people are often best identified by “I wish I woulda” or “I shoulda” phrases. You can’t say these people are stupid, they aren’t smart enough to take action on their ideas. Which is sad because these people, as lazy as they are, have some right good ideas. Type #2 Lot’s of ideas, but give up half way.
That one probably struck a chord. Right? We like to go with a great idea until it gets sour, and then we back out before you “loose all your money”. In fact I’ve done this ever since I can remember. As a little kid I’d build stuff, decide it “wasn’t worth it” and throw it away. I still make that mistake way too often. It’s a waste of time to get into something unless you’re finishing it, because unless you finish it there’s no benefits. And sadly enough, most of us can relate. Because most of us are fed by our feelings and emotions. Type #3 Lot’s of ideas, hard work but no focus. It’s one thing to have ideas. It’s also one thing to take action on a great idea. It’s also important not to give up. But not giving up is only half the battle. Staying focused is the toughest one. Staying focused will help you to stay one track as you’re following though. Without focus you might end up slipping into something completely different what you set out to do. Understanding how to stay focused is one of the most valuable skills learned over time by any successful entrepreneur. I think if you’re focused on what you want, you’ll eventually get it.
Here’s an example — When I first started web design I did it because I wanted to make an Online hockey card store. Haha, and it never happened. At the very beginning you can see I lack focus. And then later on I built an arcade site, but it never happened. Again, it was due to a lack of focus. After that I started a few forums, quite a few people joined. I eventually deviated. I spent a year coding one flash game and eventually gave up, the game was never released. I built a site for a gaming company I wanted to eventually go with, but it never happened because I hated the name. And then in 2007 I bought into the “Million dollar pixel ad” craze. A few of my friends “just didn’t get it” and I got mad and quit before I made a cent. Started a few blogs, but eventually saw how bad they sucked and I deleted them all! You see what I’m getting at? I learned a lot but my lack of focus haunted me time and time again. Lucky for me I realized it before making the same mistake once again. I’ve come to put a lot of value in following through. The few times I did were really worth it. In the process I’ve learned how to code HTML, CSS, PHP and do a bunch of other stuff. It eventually led up to where I am now, ready for the next stage.
Now days I’m pressed with “grown up” things. I’m in the process of finishing high school and I’m preparing to build up my own company. If there’s any time in my life to stay focused it’s now. It’s vital that I learn NOW. Tons of people four times my age make the mistake of jumping from one thing to another. I’d rather learn that lesson now, then when I’m in my 40’s, 50’s or 60’s.
Challenge your self to stay focused. Once you start seeing it as a skill that’s acquired through hardship, you’ll start looking forward to failures and challenges. That’s what makes life interesting.
In fact Jessicah’s post gave me a brand new outlook. Not just on entrepreneurship, but life in general. Trying to finish high school is pretty tough, especially when you’re trying to juggle a bunch of other stuff. Reading the post was only half the inspiration though. She sent me a e-mail message later on: “Focus is so important that I’d consider it the number one skill one acquires during high school years. Let’s admit it — you’re not learning anything practical, but your school probably assigns stupid homework assignments to make sure that you’re able to practice the art of focus.” I really started viewing things in a different way. In terms of what I didn’t especially like, such as school and dealing with pretty much any other type of bullshit that came my way. Anyways, the worse I could do is fail. Which doesn’t have any demand on my oxygen supply haha. I’m not saying you need to look for hard times. Rather, use hardships as opportunities so you can to learn how to deal with future ones.
Jessicah goes on to say that 99% Mercenary for Justice full of entrepreneurs fit into the Type #1, #2 or #3. Why? Because 99% of entrepreneurs are shallow amateurs. My personal goal of being entrepreneur is to be real and authentic. Type #1, #2 and #3 are for amateurs, not the truly successful. I know I’ve been all three of these(mainly 2 and 3), most successful people at one point of time have. And it’s an important stage to learn from but lets make sure we don’t stay there forever. Don’t stay stuck in the rut of being an amateurs entrepreneur if you really want to accomplish your dreams.
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“It is wise to direct your anger towards problems – not people; to focus your energies on answers – not excuses.”
