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 Must I do to dominate my niche?

The dream of every business owner or entrepreneur is to see their business at the peak of whatever industry or niche they operate in. Every business wants to be the ‘Google’ of search engines, they want to be the ‘Harvard’ of universities, they want to be the ‘Boing Boing’ of aircrafts, they want to be the ‘Oprah’ of talk shows and they want to be the ‘Facebook’ of social networks. As lofty as these ideals are, not many businesses have a clear cut approach on how to achieve them. As a result, many businesses have only been dreaming about these lofty ideal and have never begun on a deliberate journey to making this ideal a reality.

Therefore, in this article, I want to share my own insight into how any business can become the KING of the NICHE in which they operate. I want to outline certain key principles and processes that if taken by any business whatsoever, will catapult them to the peak of their industry. Let’s begin.

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By Tito Philips, Jnr.

What do you focus on and prioritize as the leader of your business?

What do you focus on and prioritize as the leader of your business?

Activity is not the same as productivity. Motion does not always signify progress. Activity is not necessarily accomplishment. Diligence is not necessarily effectiveness. Faithfulness is never the same as fruitfulness. Not all efforts bring about results. There is a world of difference between getting things done (busy) and getting results (progress). Telling the difference is what this article is all about. Knowing the difference is what really makes some leaders more successful than others. Successful leaders are leaders with an eagle’s eye: they practice and live by the principle of focus and priority. They are not activity driven (busy), they are result driven (progress). They don’t care about knowing or doing everything; they are mostly concerned about knowing and doing the main things.

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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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