5 Ways to Business Failure

You may have heard it said that big doors swing open on small hinges. Meaning that it’s the little things you pay attention to that make the big things happen.

In Kevin Hall’s book,Aspire, there’s a story about a woman who had a goal of being the first woman to swim from Catalina to the coast of California. She got to the point after nearly sixteen hours in the water that she just couldn’t go on. Once in the boat, as the fog began to clear, she realized she was only about a half mile from shore. Seeing that she said she was sure she would have made it if she could have seen the shore.

Since we often don’t have the luxury of seeing the destination we are moving toward, how hard are you willing to work to realize your goal of advancing in your career?

What does achieving your goal really represent to you?

Better yet, what aren’t you willing to do that could swing that big door into an executive office for you?

Yes, you know what you want, but are you clear on why you want it to the point of being committed to making it happen?

Because most of the time you’ll find that people quit when they are 95% of the way to their goal. You don’t have to look very far to find many examples from parables to real life stories that illustrate this point.

So what’s the small hinge in your career, the one thing you have to do to realize your goal?

You need a real, and serious, plan for your goals to be reached with any regularity. It is possible that every once in a while one will get accomplish almost by accident, but don’t let that fool you into thinking you can just set the intention and forget it.

The goal that seems to accomplish itself would probably fit better under the category of,even a blind squirrel finds a nut once in a while. So don’t take it as a sign that you have a direct line to the Universe and all you have to do is put out your desire and it will manifest.

That final door won’t open that way. Your success will come from setting your intention, being aware enough to recognize who you need help from to take the required actions, and then having the determination and the stick-to-itiveness (I may have just made up that word, but you know what I’m saying) to make it happen.

You are in charge of creating the situation where those small hinges will swing the big door. It’s up to you to get all the tools and team you need to take all the necessary action to make it happen. And I mean ALL.

So my final questions to you are these:
How bad do you really want the new position that’s behind that one last door?
What action, outside your comfort zone, are you willing to take to make it happen?

If you’re interested in getting more mentoring on this topic and others that will grow your business and allow you to live your true passion and wealth, I’m here to help. As your mentor I hold a bigger vision for you than you hold for yourself. When you have faith and a team that believes in you, it gives you courage. When you don’t have to do it all yourself, all things are possible for you. Commit today to go for your dream 100%.

Lynn Pierce, the Success Architect, has taught people how to combine business and personal development to reach the pinnacle of success and live the life of their dreams for almost 30 years. In addition, she is also the author of ,Breakthrough to Success; 19 Keys to Mastering Every Area of Your Life. Now she shares her keys to success and life mastery with you. You can get her special report,What Do You Stand For? A No B.S. Guide to Creating Your Own Personal Manifesto at http://LynnPierce.com 5 Ways to Business Failure206175 Ways to Business FailureMany small business owners open their business with the greatest of intentions but the statistics do not lie. Most small business will fail within the first five years of business. Many business owners make the same mistakes ultimately resulting in their failure. Do not be a statistic. Learn the necessary skills to take your business to the next level or partner with someone who can assist you. Here are 5 surefire ways to immediate business failure.

1. Failing to stay focused

So many business owners get swept up in the next opportunity, the next big thing, the next great idea that they fail to stay focused on their business and driving performance. This lack of focus often results in the core business being impacted. Remain focused on your business and allow time for you to implement new ideas as long as they relate back to your business.

2. Failing to keep up with the times

The business world is changing. People’s skills are evolving, technology is booming and the way business is conducted these days is different than in years past. Stay current with the times and especially technology. Look for ways to improve your business, stay modern and invest in projects that are going to move you beyond where you current are.

3. Failing to take action

Action is the driving force behind all success. Making things happen for your business and for your customers is the single most important task a business owner can focus on. Failing to take action will result in opportunities passing you by. Be sure to take action everyday to propel your business forward.

4. Failing to diversify income streams

Look for ways to have multiple ways to make money within you company. This will help shield you from any impact that one business line or product may suffer from time to time. For example, you can always introduce additional products and/or services. You can sell informational products or create a membership program or loyalty program. Be creative and look for other ways to bring money into your business. For example, a hair dresser client of mine has hair parties once a month in her home. She charges a premium for the experience and makes sure that the evening is top notch.

5. Failing to manage cash

In business cash is king. The number one reason most business fail is because the business owner fails to manage the cash requirements of the business or leave enough of a reserve to help them through difficult times. Make sure you work with your accountants to determine the optimal amount of cash reserve you need for your business and develop a strategy to respond to changes in your business and cash position before it gets too late.

Kellie D’Andrea is the All Stuff, No Fluff Marketing Authority and she teaches business owners how to double their profits in six to twelve months, guaranteed! She is the author of the BLAST Marketing System and teaches her strategies during her complimentary teleclass Marketing Mondays. To sign up for this class or to subscribe to her FREE ezine The Marketing Edge, go to http://kelliedandrea.com/blog/marketing-mondays