Over the
weekend I read a blog post, from Robert Kiyosaki, and I thought it was pretty good. So, I figured I would repost it, hoping you all could enjoy the post as well. The blog was titled “Why Do Most Entrepreneurs Fail?” Here
is the post, in its entirety:
Many 'experts' say, “Entrepreneurs fail because they are under
capitalized.” This fear of being “under capitalized,” this
lack of money as well as the absence of a steady paycheck, is what
keeps most people clinging to job security as an employee. But it’s
not why entrepreneurs fail.
While
being undercapitalized is a challenge, it is not why most
entrepreneurs fail. It’s a lack of entrepreneurial education,
real-world business experience, and guts.
Every
entrepreneur I’ve ever talked to says they are “under
capitalized.” They never have enough money to meet all the
financial obligations required as an entrepreneur, let alone the
capital needed to grow their business. Yet, somehow, true
entrepreneurs keep going. Then one day, for some entrepreneurs, the
money starts pouring in. It may take years.
I always
find it amusing when I hear people say, “Oh, she was lucky.” Or
“They’re an overnight success.” Few know or appreciate
the real story behind entrepreneurial successes. The reason they
succeeded is they learned the secret. The secret to leadership.
The
primary reason why most new entrepreneurs fail is simply because they
lack the core training, the core strengths they need to
withstand the rigors of being an entrepreneur. Some people call it
guts. Others call it perseverance. In the military, it
might be put this way: “Stand up, get off your butt, stop feeling
sorry for yourself, stop pouting, stop sucking your thumb, and get
going again. Your mama is ashamed of you—because your mama is
tougher than you are.” I think you get the point here.
Another
important reason why most entrepreneurs fail is because our
educational system trains people to be employees, not
entrepreneurs. The world of an employee is very different from
the world of an entrepreneur. One big difference is the concept of
paychecks.
If you
think about it, you’ll realize that the person who signs your
paycheck controls your life. Shouldn’t that person be you? It
probably should be, if you are strong enough.
If an
employee does not receive his or her “paycheck” they quit and go
looking for a new job”. Most entrepreneurs must be tough enough to
operate, sometimes for years, without a “paycheck.”
The
military taught me a toughness I greatly valued later as I became an
entrepreneur. The leadership I learned through the military gave me
the tools I needed to become an entrepreneur.
I just
wrote 8 Lessons In Military Leadership for Entrepreneurs so I
could teach you the lessons learned through my training in the
Marines. If you want to be an entrepreneur, then this book will teach
you some important and hard lessons. And… it’s easier than going
through boot camp.
