Being an entrepreneur means much more than just starting a business, but it also means that making sure you are successful. Entrepreneurs spend most of their personal savings on starting a business because it does cost a lot out-of-pocket to start, and it takes a while to get some money back. A study done by Harvard Business School found that about 75% of startups fail within 10 years of opening. [sg_popup id=111]
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Don’t let that number scare you. Being an entrepreneur is all about taking risks and making the right decisions that will help your business be successful. The best way we can find out how NOT to have a failed business, let’s talk about what entrepreneurs can do to produce good results in their company(s).
Perseverance is when you keep pushing forward even when circumstances and situations are difficult and may make a delay in success. Having perseverance is a key trait when starting a business because it can be difficult there will be delays and unexpected things that will occur, and it is important to make sure that you continue moving forward and not giving up too easily. Steve Jobs, one of the most successful entrepreneurs in the world, said about perseverance “I’m convinced that about half of what separates successful entrepreneurs from the unsuccessful ones is pure perseverance.”
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