How To Be An Entrepreneur

Why do people fail in business?

I was listening to a dot com start up guru today and came up with the idea to write this article. He talked a lot about the logistics of starting up a business and how much time we allow ourselves to take to start up a business. It was a really interesting presentation. I got to thinking about why people allow themselves to fail in business. Because the reality is there is no force of nature that made them fail. There is no economic condition, no dictator that stopped them from putting a stop to their dreams. Right? Do we blame the world for your problems, only to use it as a means to justify that it is not our fault? How many people do you know that use the world to justify the means to an end.

So, I have nailed this whole business failure thing into two reasons: lack of passion and lack of preparation. What is passion? It is a desire that goes beyond all reasoning and logic. A person cannot be stopped until the goal is achieved. It is a force so strong that it has killed many people over the centuries. What is lack of preparation? Basically, you don't have the knowledge or the tools to do the research and homework necessary to create a viable product or service.

It is safe to say I am very passionate about what I do in life. It actually tears me apart when I see someone have to close down their business. Its almost like their spirit has been yanked out of them.

So here is the objective. I am insinuating that most people fail in their business because they are either not passionate about what they are doing or they just don't know what they are doing. The real truth is, given both reasons for lack of success it really comes down to a lack of knowledge.

So what do you do if you are in this circumstance? My wife used to tease me when we were first married. She said I didn't have the "intestinal fortitude" to ask for assistance or directions because I thought I was too cool. Have you ever been called out like that?
I have come to the conclusion when most businesses start to have the conversation about closing down business that someone needs to go in and call them out.

I used to do that. I knew this bank. When their business loan customer was failing on their loan they would send me in to try to fix the business so they would not lose any money. Many times I failed because you could just see they had given up. Here again, it was either a lack of passion or they just didn't have the knowledge to keep the business going.

If you don't have the passion to conquer hills and move mountains you have no business starting a business. Like wise, if you don't have the knowledge or the where with all to hire someone who has the knowledge to make you successful why are you putting yourself through all the pain of starting a business?

Many people have already asked me why I made this article my headline article on my website. I have been told that I am almost scaring people into not starting a business and how do you expect to get business from this site if you are putting such negativity into it.
They are partially right. But the truth be told, is that everyone has the will to change, to make a difference in life and it may be harder than it seems, but it is all worth it. Deep down inside you have this innate power to succeed. Sometimes it just takes someone like myself to give you focus and bring out the concepts that are there to make you succeed.
So the question I pose to you is do you really have what it takes to be a superstar entrepreneur?

I have been very successful with the people that have some passion and little knowledge. I have helped others create amazing things and they only had a concept or an idea to start.

If I can be of assistance, click on the banner above.

I wish you the best of luck.

Increase your sales with these 3 words

Hi, Eric Erickson here

So I've been doing a lot of thinking, a lot of pondering about what I'm going to do this year to increase my sales, and I came with some great words that have some pretty significant value to me and I want to share them with you.

As you can see the first word is already up there, it's to DECIDE. And I like this word simply because many times in our businesses we have a tendency to take a bunch of mud and throw it against the wall and see what sticks. And whatever sticks is what we end up doing, right?

Unfortunately that's really the wrong way to do business. We all know that, we know we have to really decide, I've mentioned in previous videos that we need to have clarity, right? We need to have some very specific objectives, and a very specific strategy of what we need to do. So it's really important that we decide what we want to do.

And how do we do that? Simply, what I did and what works well for me, is I got a piece of paper out, and I got a pen, and what I did is I've just started writing down a bunch of ideas, a lot of things that I thought were going to help me to succeed in my business, and I went through them all, and I kind of prioritized them – I said, well, I really like this one better than this one.

So it's really important that we decide specifically what it is that we want to do.

Now, the second word is to COLLECT. I think this word is actually a pretty important word. When I talk about how to collect, we need to be able to grab stuff, we need to bring staff in, we need to collect the tools that we need in order to be succesful and do what we decided to do. Correct? So it's important that we know how to grab that information – it could be tangible, or it could be intangible. It could be stuff that we just need in order to put the toolbox together. When the handyman goes out there to fix your door, he needs to have a hammer, he needs to have a screwdriver, and there are various other things he needs to have in order to fix the door, right? Well, it's the same thing in your business. There are tools that you need to have, and maybe somebody else, maybe you need to hire somebody else. Maybe it's something that you need to go research on the internet to go find.

So it's really important that now collect the tools that we need in order to be succesful.

And the third one is to CONNECT. I'm always blown away when I talk to my clients, they always tell me all these great and cool things that they did in their advertising campaigns or what they did to market, and they tell me how much money they've spent on all these things, I say Holy smokes, you did all that!

And I always ask them the question How many people do you know, and they'll say well, I don't know, so we start writing down names, all these people that they know, and we end up with a couple of hundred names, and then I ask them Well, did you go to any of these people and tell them what you're doing? And tell them what your goal is, tell them what you're trying to do and see if they can help you? Or maybe (ask them) to even buy the products or the services that you have from you? Because, isn't that free? Isn't that what we really want to do, we really want to make money, but we always have to spend some money in our business in order to make money, we all understand that.

But the important thing is to connect. What I mean by connect is connecting with the people that we already know. Right? Doesn't that make sense? That before we go out and we spend a bunch of money on advertising and marketing that we go and connect with the people that we already know.

So I want to put these together for you real quick. I thought it was important, it was intriguing to me, the little light bulb went off in my head and I thought hey, this is a great thing I want to share with all of my friends, with all the people that subscribe to my videos, that watch my videos all the time.

So when you're sitting down next to decide what you want to do in your business, remember these 3 words.

Be specific and decide what you really want to do in your business.

Make sure you collect the information. Make sure you collect the tools. You need to fill up your toolbox like a handyman does, in order to be succesful in your business.

And then again, remember, all the people that you have that you can connect with for free.

Well I'm Eric Erickson and I hope you have a great day. Thanks!

Eric has been working with me this year and has coached me with diligence and dedication that I've never had before from a coach. He has a concise, do-able answer to each my questions, providing structured, exercises and practices that have challenged me to step into leadership around my business and have pushed my business forward in the areas of marketing, client outreach and referrals and administration.

When we started working together in March, I had one large contract. Now I am looking at least 3 concurrently. My business income has increased, the courage to reorganize my daily activities and allow success to happen has increased immeasurably.
T. Josub - New Mexico