From the "Passion Unlocks Prosperity" series:
Why Your Business Opportunity Will Fail
I'm going to tell you right up front that I believe a business opportunity can be the greatest adventure into prosperity and abundance you will ever take.
Owning your own business. It's the ultimate mechanism for creating a lifestyle which leads to the greatest financial potential and personal power. I've been self-employed continuously since the age of 26. Which means I'm celebrating a 30+ year adventure which has been responsible for allowing me to live my dreams and follow my passions.
During those 30+ years I've operated several businesses. Each one providing me with real-world knowledge, experience and ultimately wealth. Looking back, obviously some "business adventures" were more profitable than others... but one thing was common to each enterprise:
The business activity was always based upon following my passion! It was something I wanted to do and knew I could do.
Whatever that business happened to be, it always laid the foundation for what activities were to come next in my life. That being said I want to give you a business opportunity reality check:
According to the Small Business Administration the number one and two requirements for starting a (statistically) successful business is:
1. You have a passion and love for the type of business you will be conducting and the activities it requires.
2. You have come to the conclusion based upon your personal research as well as using other credible sources that your product or service fills an existing market demand.
This follows my own experience so it doesn't come as a surprise to me. There are however, three basic reasons why people tend to fail at business. These are reasons you may not have heard before because they deal with the psychology of the "would be" entrepreneur.
You should pay very close attention to these red flag items if you are considering jumping into a business opportunity.
The Three Reasons Which Guarantee Your Business Opportunity Will Fail:
1. Doing it "just for the money".
2. Doing it because you want to spend more time with your family.
3. Doing it because you want to be your own boss.
Now guess what the three biggest "hooks" are you'll find in virtually every advertisement pitching an opportunity? Obviously that's a loaded question because you just read them!
Who doesn't want more money, to spend more time with their family and want to be their own boss? We all do! It's just not the reasons to go into business for... and the statistics prove it.
What about poor management, lack of capital and poor planning?
These are always trotted out by the IRS as the primary reasons why a business fails. The problem is that these reasons are the symptoms which are byproducts of the real causes for failure:
Going into business for the wrong reasons!
As soon as you throw yourself into a business opportunity (whether you start your own business or buy into one) you are going to very quickly come face to face with one overriding reality:
It's that part of you which is comprised of your attitudes, opinions and beliefs. You are going very quickly learn whether your current mind set supports your new business activity or whether it is in fact, working against your success.
By using your own attitudes, opinions and beliefs to sabotage your success. Without realizing it, you can become your own worst enemy!
Unless you were raised in a family that operated businesses and had imparted to you certain assumptions and beliefs about yourself, about life and money. Even more importantly, about what you believe is possible. Operating a business quickly makes you face the truth of what you really believe down deep inside.
Conducting a business or launching yourself into a business opportunity will force you to do things you may have never done before. Think about things you may have never thought about before and challenge the very core of your belief system.
In other words, what you really believe, (not what you wish to believe or think you believe) is going to assert itself very quickly.
It will become the primary obstacle to your success because of one simple unavoidable truth: If your deepest beliefs about yourself are in conflict with your dreams and schemes, your deepest beliefs will always win the day.
I don't care how much you have rationalized why you are going to succeed at your new business. Unless you're in harmony with what you really believe about yourself, deep down inside, you are going to fail. The frightening thing is that you already have a sense of uneasiness or dread which alerts you and lets you know you're going to fail before you even begin your venture!
Your apprehension is letting you know that what you really believe doesn't support what you want to believe. It's letting you know that you need to make some adjustments to your belief system.
If you do launch a business and have not adjusted your inside beliefs to be in harmony with your new desires, you are going to watch your dream dissolve day by day until nothing is left.
You can avoid this all too common failure experience which most people starting a business opportunity end up having.
Are you serious about operating a successful business and avoiding failure?
You may need to consider re-formatting your current mind set. That means learning how to live your life from the inside out. The Intentional Prosperity™ System was created to give you a powerful foundation and the practical application of the universal law of intentional expectancy as well as the information and techniques necessary to bring your attitudes, opinions and beliefs into balance with what you want to believe is possible.
Until you achieve the inner balance that supports your "knowing" it's possible - success may be only a pipe dream. One that causes your fear, uncertainty, doubt... And a lot of unexpected debt from a business venture that just doesn't seem to get any traction... No matter what you try to do.
The day you run out of excuses
is the day your life changes...