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6 Reasons Entrepreneurs Fail [Cont'd]

By Allison Babb

4. Going it alone

This is huge. With regard to the business that you are in or the one that you hope to start, who are your mentors and like-minded people you can gather with weekly or monthly. I'd highly recommend that you begin to meet regularly with like-minded people. Find groups that can hold you accountable and groups that become a source of ideas for your business as well.

Our Inner Circle groups and coaching programs were created with that need in mind. If you cannot join ours, find something in your community. I belong to at least 3 different groups of entrepreneurs that I meet with regularly and I attribute a great deal of my success to that kind of interaction and involvement. Do not ever go into business alone. Figure out what groups or associations you will join and get into conversation with successful people on a regular basis.

5. Not investing in your learning and growth

I never stop learning. I am usually reading 2-3 books at a time and I'm in 2-4 teleseminars for my own learning every week. You don't need to do exactly what I'm doing. However, my question for you is "What are you pouring into your mind weekly regarding your business or business idea?" If your business is to succeed, you must have a source of continued learning regarding business success.

There is no shortage of material in that category. Start feeding your mind with a steady diet of what it takes to be successful. Go to the bookstore or the library and get what you need. Never stop learning. To stop learning is to stop growing. I've never met a successful entrepreneur who wasn't constantly investing in their own growth and learning.

6. Talk vs Action

This is one criteria for remarkable success that I cannot stress enough. I meet so many people who receive countless opportunities and ideas to create success in their businesses. And they choose do nothing. It's a choice. And it's often a choice because of #1 above. When opportunity crosses my desk, I jump on it. It may fail, but that doesn't matter, at least I tried. I took action.

Massive action is a success ingredient that I picked up from hugely successful entrepreneurs. They don't sit around analyzing for very long. They are always in action--daily, weekly, monthly. What business ideas have you acted upon in the last week? Set a goal for yourself to move your business forward by specific daily or weekly actions that will do precisely that for you--move you forward. And that movement forward will spurn you into even more action and therefore more success.

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WANT TO USE THIS ARTICLE IN YOUR E-ZINE OR WEB SITE? You can, as long as you include this complete blurb with it: Allison Babb is an author, speaker and Small Business Coach to solo entrepreneurs. Allison publishes the "Small Business Success" weekly Ezine on how to create a steady stream of clients for your small business at: www.GreatSmallBusinessAdvice.com

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