It’s glamorous to start an online business, but it’s hard work to really succeed.
After going to various challenges myself over the last 6 years, I have brought this down to 5 reasons why people fail in online based businesses.
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10 replies to "Top 5 Reasons Why People Fail Online"
Very true as I am still fighter for this 5th reason ……
Why I wanna do what I want to do.
Still searching for my WHY?
Great thought process and very informative. I can relate to it . Thanks for sharing .
Mission in life can bring Freedom business attitude of any individual
Thanks to Mr. Rajsekar for yet another knowledgeable piece in lieu of the community engagement and their cumulative benefit. The Baby elephant analogy must certainly etch a moral imprint on our minds. The factors that limit us from achieving our fullest potential are often self inflicted, subject to our social conditioning, past individual experiences, environmental exposure, familial upbringing etc, all of which unanimously determine our initial programming and the consequent belief systems having a long-lasting impact on our future prospects. The difference between an achiever and a non-achiever is breaking through the glass ceiling, learning to unlearn and getting past the preconceived notions. It requires a prototype of “Mental Cognition” to be persistent with your goal-orientation, despite the magnitude of challenges you are likely to face. The 5 reasons why people fail at online businesses are more or less universally responsible for all business failures –
1) Not knowing where to Start
2) Information Overload – Overwhelming the aspiring entrepreneurs who fall prey to the “Analysis Paralysis” catastrophe
3) Excuse of limited financial and human resources – These excuses are nothing but a “Justification trap” for your own limitations, since Capital investments are inevitable to any business.
4) Implementation without Commensurate results, due to Lack of Guided actions. Often occurs when entrepreneurs build businesses on an adhoc basis.
5) Unclear Vision and Mission- Creates discrepancies between the Actual Message, Sales pitch and the business offerings, as most know what they do and how they do it. However, fail to comprehend and enunciate “Why” they are doing it. The preliminary unraveling of the “Just Cause” is quintessential to all commercial communication and the resultant business success.
In conclusion, a very well articulated podcast with a solid punch of wisdom, providing food for thought to all the aspiring as well as the so called failed business entrepreneurs. Thus, persuading them to restart with a Paradigm shift to their approach.
Thanks and Warm regards,
Snehal Bhende
Amazing Snehal.
Yes sir, you are correct.
I am also straggle for how to start online business.
Please guide me.
I have 12 years experience in banking and finance loan section sales.
Now I loss my job.
Today’s competitive culture – compete or perish. It has produced two class of people, one who are bound to achieve success, and the other, who may not succeed, thinking they do not have conducive environment or enough capabilities to be able to compete and sustain.
True ,Our minds are conditioned what we have been learning since childhood.. we are not able to think beyond our comfortable zone ..
Another thing is we need to set up everything step by step if we want to get our goal .
Setting up a goal is also important and living with that every time .. trying to achieve that goal ..
As u say …
System wins people fail
Is so inspiring…
*Be magnet and attract success*
Yes, you are good mentor
I m working HR department past 18 years but still no promotion more work and more pressure, but I need salary that’s why I continue, if this online webinar will enhance I quit my job . I have no time
Thanks Siddharth for lifting up the
Moral once again thanks aTon for
Being next to me in the need of hour
Really want to appreciate your way of
Doing business.