3 Reasons Why Businesses Fail

After working with brands for almost 12 years, I have found one (or more) of these three areas is what is holding businesses back from massive success!

Each of these examples we have worked through with our clients. They’re proven to be holding you back from reaching your potential. 

Are you ready?!

1. You’re unclear how to hire help or delegate. You feel like you won’t have control.
2. You’re unwilling or scared to get uncomfortable and do things differently.
3. You’re unwilling or fearful to invest. You suffer from a scarcity mindset.

Harsh, yet true, right?

Delegating, Eliminating, and Automating.

As your business grows, it’s nearly impossible to do everything yourself. You’re used to doing it all on your own…this business is your “baby”. However, this is the fastest way to burn out and to feel stuck. 

Perhaps you don’t know what to delegate. Or who to delegate it to. And the thought creeps into your mind that if you hire help, you weren’t smart enough or strong enough to do it all yourself. 

(That voice in your head is lying to you!)

When I think of the most successful business owners, it’s obvious that they have a strong, trusted team. Think Oprah, Sara Blakely, Barbara Corcoran, Brene Brown, etc. 

It’s imperative to find people you trust to help you in your business. 

It’s equally as imperative for you to have a life outside of your business, which requires SUPPORT. 

I want you to be so confident in your strengths and what you bring to the business that you’re eager and open to other people helping you reach the next level. 

Know your strengths, but more importantly, acknowledge your weaknesses and embrace that you don’t need to do it all. 

You’re going to need to get uncomfortable.

Growth is uncomfortable. Remember growing pains? Ouch!

Scaling a business to six figures, multiple six figures, seven figures, and beyond isn’t a walk in the park. 

You’re going to be challenged. You’re going to doubt yourself. But you can do hard things, you started your own business, remember?!

Show up when it feels like no one is watching. 

Send the reminder when it feels like no one is listening. 

Charge ahead even when it feels like you’re all alone. 

It takes consistency and vulnerability, but it works. 

Scarcity or Abundance, you choose. 

The chicken or the egg. 

Is it too early to hire help or should I spend time figuring it out by myself?

Time or money?

It may seem counterintuitive, however investing in your business early and often, will only help you. Now of course you need to be investing in the right people, systems, etc., but the bottom line is, you need to come from a place of abundance. 

Knowing that you’re going to do the work. Believing you’re going to see an ROI. 

Scarcity and fear will hold you back until you give up. 

Don’t be too afraid to succeed. I believe in you. 

The ROI is worth it every time.

Do any of these sound familiar to you? Does one resonate more with you than another? Comment below and share your thoughts.