Why do so many people fail in starting a new business

Why do some people succeed in creating new businesses while others fail?
Why is it so hard to make your new business successful?
Why do most people give up on their ideas after implementing them in real life?

There are so many reasons that could lead to failure in the business world but most of these reasons can be summarized under too major categories, lack of knowledge about the obstacles you are going to face and giving up too early.

In this post i will tell you about five effective tips that will help you succeed in business no matter what the obstacles you face.

How to succeed in business

1) Have thick skin: As soon as you start a business some friends will start telling you that you are wasting your time, others will tell you that your idea isn't worth believing in while a third group will tell you that you will never make it. People will always try to put you down and convince you to back off whenever they find you trying to do something that they never dared to do. If you want to become successful in business then you must learn how to take these hits and keep moving forward. The one who never falls isn't the one who never gets hit but he is the one who keeps moving forward while bearing all the hits (see Why you should keep trying)
2) Fight your own doubts: After lots of people put you down you might start believing in their words and you might even give up on your business. The only way to avoid falling in this trap is to be aware of it before you even start the business. Before you tell your idea to anyone write down the reasons you believe in it in a piece of paper and keep that paper in your pocket so that you read it whenever anyone tries to shake your beliefs (see also 3 ways to protect your beliefs about success)
3) Take the hits: No one ever succeeds in business in 2 weeks or one month and success path is never a straight line. You will face failures, some of the things you had in mind wont go as expected, you will find certain unexpected obstacles and you will face devastating setbacks. The only difference between those who succeed in business and those who never do is that the first group keeps moving forward no matter what happens.
4) Choose the people you talk to: If a person is not one of your potential customers and if you believed that he might not like to see you succeeding then don't tell him about your new venture. Talking a lot about your business might result in attracting haters and jealous people who can put you down. Because beliefs can wear out as a result of criticism and sarcasm you might lose hope in your business after talking to few haters or pessimistic people. Protect your beliefs by talking only to the right people
5)Write down the names of the people who put you down: When i started 2knowmyself.com i started to keep a diary of the people who used to put me down the most. As soon as i did that i found myself eager to prove them wrong and as a result i got more motivated to fight back. In the end, when 2knowmyself became successful, i messaged those people telling them that i made my first million from the business and of course they didn't know what to reply with so they remained silent (see my book How i did it)

Bonus tip for succeeding in business

Read stories about people who succeeded in business. This act won't just inspire you but it will give you a good idea about what you are going to find on your way when you try to bring a new business to life. (see also Inspirational stories of successful people)

The more you expect the difficulties you might face the more you are going to be prepared to face them. Fight till the end and you will make it. I did it and so can you.

Nothing in life feels better than meeting a person who told you earlier that you will never make it after you have already made it. Fight for your goals and prove haters wrong.

I have managed to become a self made millionaire at the age of 28. This didn't happen by chance because i already wrote that goal down five years before i accomplished it. Becoming rich is not about luck, starting big or being intelligent but its all about having certain beliefs about money and life.

In The Ultimate guide to becoming rich i will teach you everything that you need to know in order to become rich.

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