It was a bad day of business for me and I was struggling to keep it together. Much as I would like to take all the credit, my husband's wisdom has brought me out of the deep many times and this was one of those days. He said, 'Don't think people will buy into your idea just because, you need to be providing a value that is irresistible, too irresistible to pass up.' Then he sent me resources showing how and why many businesses fail. I read and did some more research and identified some ways we self sabotage ourselves as business owners.
We've all seen the worrisome statistics about the life cycle of small businesses. 95 percent of new businesses will shut down in the first 2 years and even more will not survive the 5th year. We are bombarded everyday with tips, tricks, start up information from every corner. In fact we have much more information at our disposal than we have ever had at any time in history. So why are we still struggling as businesses to keep things going? I outlined a few reasons:
