The Failure Guy

Excuses, excuses. That’s what some of us have come up with when we have thought about the reasons to not start a company. I’ve been there myself. Yet, as you read through these common excuses, think about which ones you can overcome.

If standing up in front of a crowd is not your thing, that’s fine. Hire someone else to do it. You can lead by having the best ideas, the most encouragement to others, and the most extensive resources. Someone else can be the up-front presentation person.

Having a major distrust of your own abilities is one roadblock to success. Guess what? Like anything else in life, you can remove that roadblock through educating yourself, seeking advice from others, and retooling your own mindset. Confidence can be nurtured.

Starting a company does require good communication. Some have a raw gift. Others have to learn a few techniques. Read up on how to sell an idea. There are a dozen good books on the topic and mentors waiting to help you. If you are a poor communicator in one area, such as public speaking, rely more heavily on other methods like writing and visual aids.

It’s a myth that introverts can’t start companies. Having a more analytic and self-focused personality can be a major benefit in certain industries, such as technology and media. Your inward personality can be a differentiator in a crowded field of extroverts.

Failure is a lesson. It teaches you what hasn’t worked in the past. Yet, it doesn’t mean your next endeavor will also fall apart. in fact, you may now finally have the experience and knowledge necessary to make sure something works this time.

Having people point fingers at you can feel intimidating. Yet, it can also motivate you. If you don’t want to accept the blame, just make sure you succeed by working even harder. Also, surround yourself with supporters. You’ll be surprised when you realize you don’t have to do it alone.

Goal setting is tough. You have to have a good vision and the resources to see that vision come to fruition. If the past tells you that you have a hard time reaching goals, use that as an advantage. work harder this time. Be more aware of what has held you back.

So you don’t have a gold star of management excellence. You are not alone. Those who start companies don’t walk three feet above the ground either and few have a red cape. Don’t let your credibility be a stumbling block; instead, build up a team that does make success more likely.

Let’s set the record straight on the investment community. Investors are looking for you just as much as you are looking for them. If you have an amazing idea, trust that other people will agree with you and provide the funding you need.

Your ability to connect with others on an emotional level is important. Some have natural gifts for persuasion, empathy, and social engagement. That does not disqualify you. It may mean you will need to work harder and rely more on other forms of intelligence.

Like the teenager who thinks he or she is the only one struggling with an issue, those who are considering entrepreneurship sometimes think the stress is unbearable. Yet, it’s part of any new endeavor that requires foresight. Stress is usually an indicator that you care about something.

Rock scientists are not the only ones who start companies. You will need to know the basics and have a clue about things like state filing requirements. Most of the basic steps involved with entrepreneurship are not overly complicated and can be learned.

Speaking of learning the ropes: it’s not an absolute requirement that you have a business degree. In fact, all of that head knowledge could even get in the way of a truly innovative idea.

You will get feedback when you start a company, and you might not like some of the criticism. be thankful for it. When you get negative feedback, remember that you can use that knowledge to make an even better company and achieve even greater success.

Staying up until 2a.m. working on a business plan is not as enjoyable as going to Disneyland. That’s a given. Yet, entrepreneurship is also an exciting adventure. The hard work involved might not always seem fun but it will provide an underlying sense of satisfaction.

There is no question this excuse is valid. Yet, you’d be surprised how many entrepreneurs have debilitating illnesses and choose to persevere. You can as well. Seek medical advice and find out if there is a way you can still build a company that’s still workable.

Normally, if every person you know is calling you foolish for trying something new, it’s wise to take their advice. Normally. But what if you are absolutely certain your idea has wings? Try explaining the idea in terms they will understand. Push forward if you know it will succeed.

Experts in entrepreneurship will typically tell you to avoid starting a company in a crowded field, such as the wearable market or the health sector. OK. but what if your idea is genuinely unique even in that industry? The best, most innovative product will usually rise above the rest.

The stats about failed businesses can be quite eye-opening. What you may not realize is that many companies that fail are the result of a poor strategy, poor execution, and poor planning. Don’t be that person. Do everything you can to make sure your company will succeed.

You can’t hit the easy button when you are starting a new company. There will be challenges. Yet, that’s what makes the process so invigorating. It’s part of the allure. Realize that there will be complications and setbacks, and choose to push forward anyway.