By Tito Philips, Jnr.

Why do Most Entrepreneurs Fail in Business?

Entrepreneurship is a way of life that offers unlimited possibilities to those who truly believe in it and live by it. But at the same time, entrepreneurship is a way of life that can totally alter the course of your life if misunderstood. Entrepreneurship is not something you can fake your way through; you are either doing it right or not doing it right simple. There are no ways around it.

To help you better make that choice, here are 7 Indicators of entrepreneurs who are headed for doom. As you go through the list, be sincere to yourself and tick each of the signs currently present in your entrepreneurial life. The purpose of this article is not to scare you or condemn you, but rather to alert you and help you retrace your steps back in the right direction before your entrepreneurial journey goes up in flames!

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By Tito Philips, Jnr.

Are you a lazy entrepreneur?

Are you a lazy entrepreneur?

I’m absolutely sure you wouldn’t answer YES to that question yet majority of we entrepreneurs exemplify various forms of laziness in our entrepreneurial journey more times than we would like to come to terms with. So much emotional sentiments have been attached to the word ‘entrepreneurship’ or ‘entrepreneur’ top on the list is the passionate feeling of being your own BOSS. This and many more has subtly turned we entrepreneurs into some sort of “hero” in our own fantasy world of risk taking adventures. The idea of being lazy will totally seem like an insult to our entrepreneurial personality; for crying out loud, we dare what others don’t, right?

The truth is we entrepreneurs are more susceptible to laziness in more ways than the average person in the world. The very fact that we are on a mission to create change through whatever business we’ve chosen to venture into calls for more discipline and hard work many of us are having a hard time coping with. Consider the following quote I came up with while trying to examine this subject of laziness in my life as an entrepreneur;

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By Tito Philips, Jnr.

What does it take to build the greatest company in the world?

Q: How do you build the world’s greatest company?

A: By doing BUSINESS NOT AS USUAL!

Of all activities known to humanity, engaging in something for the mere sake of merely surviving is the most hazardous to our journey here on earth as human beings. I have never been comfortable with the thought of merely doing things. It really doesn’t make much sense having to spend time, effort and resources doing things just like every other person does it. In my opinion, the joy of any activity be it in business or in life, is in its outcome or the result it produces. No one cares nor will ever care about whatever you are doing unless it’s creatively being done in such a way that it is significantly different (unique) and significantly affects the life of others (useful).

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What are the fundamental rules of business?

By Tito Philips, Jnr.

Jean Paul Getty (December 15, 1892 – June 6, 1976) was an American industrialist who founded the Getty Oil Company. He was named in 1957 by Fortune magazine as the richest man in America. At his death, he was worth more than $2 billion.

From World War II until his death Getty was considered one of the richest men in the world, in this post I share his 10 winning formulas for business success. These rules were extracted from his legendary book “How to be Rich”, I have added footnotes to each of the rules to make it more relevant to our age and time. I hope you find this as useful as I did and make a commitment to apply these rules to your business.

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By Tito Philips, Jnr.

How do You get people to buy into your idea?

So you want to build a business?

The journey into entrepreneurship often begins with the conception of an idea. It comes like a lightning bolt with a promise of taking your life on an exciting journey beyond your wildest dreams. The feeling is very much the same for almost every entrepreneur. First it begins with a feeling of excitement that often comes with the assumption that your idea is the first of its kind and has the potential to change the world. Following closely is the feeling of success that comes as a result of your daydreaming about the seemingly endless possibilities the idea is supposedly expected to usher into your life. This feeling is much like being high on something, because it has a way of making the present condition totally irrelevant and focuses more on the future. Lastly, comes the feeling of urgency when nothing else seems to matter except the realization of the idea. It is no longer sufficient to day dream about the idea, now is when you want it all to happen at once. But do all these feelings actually make an idea work? Of course not. To make an idea work, requires much more than just bathing in your imaginations. It requires having to face your greatest nightmare as an entrepreneur – selling your idea to others!

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