Browsing Tag

business failure

18 posts
blockbuster fail
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A Blockbuster Retail Franchisee Reveals Why The Chain Was Built to Fail

The following is adapted from the book "Built to Fail: The Inside Story of Blockbuster’s Inevitable Bust." Blockbuster was built by one of the most successful entrepreneurs in history, Wayne Huizenga. Before turning it into one of the most powerful brands in the entertainment world, he started Waste Management with a $5,000 loan and one...
startupnation business beat
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WJR Business Beat with Jeff Sloan: Fear of Failure During COVID-19 (Episode 26)

On this morning's WJR Business Beat, Jeff talks about the fear of failure during COVID-19, including insights from successful local entrepreneur, Jim Bellinson, who shares his own struggles as he fights to keep his businesses alive. During this challenging time, Jim has had to lay off 500 employees, change his business model, and be creative and...
failing
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How Entrepreneurs Can Overcome the Fear of Failing

Fear comes in many shapes and sizes. It can affect all areas of our lives, including business; and one of the most common business fears is failing. In fact, Statista reports that as many as 35.2 percent of U.S. entrepreneurs experience the fear of failure. As you can imagine, this fear of failing prevents many...
fail
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Top 5 Reasons Why Startups Fail (and How You Can Avoid the Same Mistakes)

It goes without saying that every entrepreneur wants their startup to succeed. While starting a business, your passion and drive is often the easy part, while trying to keep your business afloat and heading in the right direction is often more difficult. With high hopes, long term plans and money going into new businesses, it’s...
jen sincero business coach
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StartupNation Originals: How to Find the Right Business Coach

In “You Are a Badass at Making Money: Master the Mindset of Wealth,” #1 New York Times best-selling author, success coach and motivational speaker, Jen Sincero, offers expert tips for unlocking your earning potential. In this exclusive StartupNation Originals video series, we sat down with Sincero to learn additional insights from her book, all in exclusive...
The Fixer Bradley Tusk
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When Disruption Backfires: My Adventures Saving Startups From Death by Politics

The following is excerpted from "The Fixer: My Adventures Saving Startups from Death by Politics" by Bradley Tusk with permission of Portfolio, an imprint of Penguin Publishing Group, a division of Penguin Random House LLC. Copyright © Bradley Tusk, 2018. "It’s gonna be huge,” the tech evangelists on my team argued. “It’s never going to...
marketing mistakes
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3 Marketing Mistakes That Are Crushing Your Business

As someone who has chosen marketing as a career, hosts a podcast about marketing (Marketing School, co-hosted by Neil Patel) and owns a digital marketing agency, you may think I haven’t made marketing mistakes. You’d be wrong. I’ve made them all, and that’s how I’ve learned to be the best possible marketer and business owner...
cash flow
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How Cash Flow Can Destroy Your Business (and How to Prevent It)

What’s the most important factor in keeping your business alive? You might think the answer is profitability; after all, as long as you’re making more money than you’re spending, you should have ample resources to keep your enterprise going. However, it’s possible to be profitable on paper and still come up with cash shortfalls, preventing...
failure
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7 Secret Weapons to Help You Bounce Back from Business Failure

When you’ve put all your time and energy into a business idea, seeing it fail can be a soul-crushing experience. It’s certainly not uncommon, though, and the rate of business failure gets higher with every year. You have only a 50/50 chance of hitting the five-year mark, and less than one-third of businesses make it...
user testing
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5 User Testing Mistakes That Even Experienced Startups Make

"We had a big idea and we freaking went for it," Kash Shaikh, Besomebody CEO, wistfully told the company's community earlier this year. The Boston-based business, Shaikh continued, would then shut its doors the very next day. It's a story that no startup wants to hear. After appearing last November on ABC's "Shark Tank," Besomebody briefly gained fame...
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How to Embrace Failure and Succeed [Book Excerpt]

We are living through a global entrepreneurial renaissance. Entrepreneurs are everywhere and thanks to the Internet, as well as technologies enabled by open source and cloud computing, there has been no better time than the present to launch a new product or start a new business —  both cheaper and faster than ever before. But there...
Fail
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Why 75% of All Startups and New Products Fail

Will your new business fail? Recently, a study by Harvard Business School’s Shikar Ghosh shows that 75 percent of ALL new businesses fail. In addition, a great number of new products and services in the market perform below average. The trend seems to discourage majority people who are seeking to turn ideas into new business....
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Failure Turns Floundering into Thriving

Four Ways to Turn a Floundering Business into a Thriving Business Most businesses launch as a result of need in a certain marketplace, in response to demand for a specific product, or with an innovation or more efficient service offering. A business may thrive for many years fulfilling the needs of their specific market and...
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Doing Whatever it Takes can be a Bad Thing

Business failure is not the direct result of a few behemoth mistakes made without warning or insight but rather the culmination of mismanaged business practices and bad decisions made overtime. That is not to say that all successful companies made every decision correctly. In fact, often they made many wrong decisions along the way, costing...