Connect with us

Entrepreneurs

Here’s Why Most New Entrepreneurs Will Fail

Avatar

Published

on

entrepreneurship
Image Credit: Twenty20.com

For the last decade, I’ve traveled to hundreds of entrepreneurial and self-growth events where the themes are all about thinking big, and bold. I’ve done the world’s most intense experiential training designed to unlock power and purpose. What I noticed was simple, yet scathing in impact.

Most people weren’t going to achieve their dreams and vision for one reason and one reason only —lack of focus. Without focus, all the energy and possibility created would be lost, scattered and ultimately spent in places that didn’t really matter.

Most entrepreneurs and solopreneurs have no problem creating a powerful, bold vision. They don’t have issues cultivating the skills required, and most love learning and do it automatically. In most cases, they’re also surrounded by other people who are doing big things. These are all powerful markers and must-have ingredients for long term success.

Yet, what’s missing is what moves mountains, creates results and provides deep levels of achievement, and fulfillment: ruthless levels of focus. This is what you’re here for, because it matters — and bringing your dreams to life has to happen. So, how do you harness this level of focus and ensure your dreams come to life? In a distracted world, it’s never been harder and simultaneously rewarding.

Below, are 4 steps to help ensure your entrepreneurial success:

Step 1: Achieve clarity or pay the price

The first step to harnessing the power of focus is knowing what to do. Sounds simple, but clarity for entrepreneurs is crucial — otherwise your day will be filled with distractions. If you have no idea what to do, you’ll spend your time on the easy action steps and wonder why you aren’t seeing big results.

The best way I’ve found to do this with myself and countless clients is to set 90 day targets. These are much better than one year targets since they increase urgency due to how close they are, and are enough to produce a ton of results.

Ask yourself:

  • Where do I want to be in my business in 90 days? Set specific targets for revenue, audience size, content creation, etc depending on your specific business.
  • What can I do to get there? This is where you brain dump everything and don’t stop until you feel you got nothing left. Step away from it, and come back later before asking the next question.

Out of all of these, which are the 20% that will have the most impact? Circle the top priorities. These are usually the bigger projects that aren’t urgent, yet crucially important. Armed with clarity, it’s time to move on to the next step.

“The successful warrior is the average man with laser-like focus.” – Bruce Lee

Step 2: Put your big initiatives first

With the most important work identified, you’re now going to fill your calendar or workflow with the most important items. This means you start your day with time blocks solely dedicated towards those projects. Here’s why: Most people start their day with little tasks; checking off small things making us feel like we’re making progress —but don’t actually produce results.

Instead of checking email, social or even your websites subscribers first thing in the morning, do your most important work. I personally start the day off with a 90 day timeblock to tackle these, and the results have been incredible. It won’t be easy at first, but stick with it and you’ll start to gain confidence in your capability to bring your vision to life.

Step 3: Protect your focused time

You’ve got clarity, you’ve set your time blocks to work on the big movers in your business. You’re all set right? Wrong! It’s one thing to create time blocks, it’s an entirely different ball game to execute on them.

This is where boundaries come in. Make yourself unavailable to others, delete apps, and get off the smartphone. Recent research states the average American worker checks his or her email 88 times a day. Don’t be this person. Do anything you can to protect your focused time, and you’ll become an efficient, purposeful and consistent machine.

Step 4: Stay consistent and be patient

As I mentioned earlier, the lure of easy tasks and busyness can feel great, but it does very little to move our business forward. Using this system, you will feel tempted to go back into your old routines and habits.

The key to making this work, like anything —it takes consistency. The truth is you won’t notice a big shift if you do this for a week, but stay with it for the next 90 days, and you’ll be amazed at what you can create.

You’ll be making real progress with your brand, product or service —and fall in love with focus. Focus itself is a powerful driver of purpose and fulfillment. We’ve all had days as entrepreneurs where we were busy, yet exhausted at the end of the day. The power of this system is you’ll finish your work day knowing you’ve moved your business and life forward. No amount of motivational Instagram quotes can hold a candle to this feeling.

“Your life is controlled by what you focus on.” – Tony Robbins

Focus is your competitive advantage

Lastly, remember this: In a distracted world, focus becomes your competitive advantage. You’ll start to rise above in your niche as someone who is consistent and always delivering. People will start asking for your secret — and the latest hack.

Best of all, you’ll know you’re putting in the real work to make your dreams come to life and never look back. You’ll develop confidence instead of feeling stuck and scattered. As time passes, getting into your focus states will get easier, and the pay off will be even bigger.

Image courtesy of Twenty20.com

Hey, I’m Tommy. I don’t have anything figured out, but I love the process. If any part of this story resonated with you, I’d deeply appreciate a recommend and a share. For more insights, lessons and action steps to create the life you’ve been dreaming of, listen to the Resist Average Academy podcast on iTunes, Stitcher or Web.

Entrepreneurs

What I Learned as a Young Entrepreneur and Why You Should Take Notes

Avatar

Published

on

Image Credit: Unsplash

As a young entrepreneur, I am constantly underestimated. When people look at my age or appearance, consider the fact that I’m not even old enough to have graduated college, or refuse to believe me when I say I own a 7-figure business (seriously, Google is free!), I honestly feel a bit lucky. I’m reminded that, because I’m so young, I have plenty of years ahead of me to grow, learn, and develop even more entrepreneurship skills that will enable me to make a difference. (more…)

Continue Reading

Entrepreneurs

A 3 Step Process to Deal With Negative Emotions as an Entrepreneur

Avatar

Published

on

Image Credit: Unsplash

If you’re like me, you’ve probably had your fair share of ups and downs while being an entrepreneur. There are moments where everything is going great and then the next moment it feels like everything has gone wrong. The hard truth is that this rollercoaster ride will continue to happen but how we deal with negative emotions as an entrepreneur can change our lives for the better. (more…)

Continue Reading

Entrepreneurs

5 Strategies for Building the Ultimate Company Culture

Avatar

Published

on

Image Credit: Unsplash

When I hired my first team of 3 people, I issued them a challenge. I told them, “whatever we do together now is going to set the tone for the culture we have as the company grows. So, let’s be intentional about it.” Don’t wait until your Startup is growing exponentially before you get clear about your workplace culture. Your culture has a significant impact on your company’s ultimate success, so start defining it today before you end up with one by default. (more…)

Continue Reading

Entrepreneurs

4 Non-Financial Factors to Measure Success as an Entrepreneur

Avatar

Published

on

Image Credit: Unsplash

If you ask most online entrepreneurs what they want to get out of their business, they’ll instinctively mention something financial: “I want to make $1 million by my 30th birthday.” Fair enough. Most of us have grown up hearing stories about self-made millionaires, so money is often where our minds naturally go when asked about definitions of success. But there is so much more to life. (more…)

Continue Reading

Trending