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Five Mistakes Entrepreneurs Make That Stifle Their Own Success

Christine O'Kelly
Jun 5, 2008
Being a successful entrepreneur involves more than just having the right idea. Becoming a successful entrepreneur involves being aware of the common mistakes made when starting a business in order to prevent them before it its too late. Employing expert business coaching will help to learn about the many dangers in business in order to succeed.

Failing to Think Outside the Box

In order to turn a brilliant business idea into a successful company, you must be able to think creatively; you need to have a vision and the ability to think outside the box. Expert business coaching can teach you how to forget the mentality of ordinary thinking that has been encroached on most people.

Some of the world's most successful business people will say their secret to success was their ability to figure out and utilize new and inventive methods. Whether it is conducted through telephone coaching, or face-to-face, business coaching is a highly effective way to identify which problems will require a little creative thought to find a solution.

Taking On Too Much At Once

One common and often fatal mistake an entrepreneur can make is thinking that asking others for help is a sign of weakness. This is completely false. Mentors and coaches can provide entrepreneurs with a lot of support and hold new business owners responsible for achieving their own goals. Which business tasks can be held off or outsourced and which ones should take a priority, can be determined through business and telephone coaching.

Poor Organizational Skills

Failing to stick to a list wastes all of the hard work that goes into making one. The secret to a successful entrepreneurial venture is not only getting organized, but also learning how to maintain it and learning how to focus. Although it may be hard to believe, many successful business people are forced to deal with ADD and have difficulty focusing on a particular task.

Through business coaching, you can learn how to get over these ADD tendencies and stay on track. As an easy and convenient way to add business coaching into your life daily, try telephone coaching. This way, you can contact your mentor as soon as you encounter problems with your organization.

The Tendency to Be Over-Controlling

It is easy to understand why you cherish your business idea and that you think the person best suited to turn that idea into as successful business is you, but sometimes it is necessary to allow others to have control. When you attempt to do all of the work yourself, money and time that you cannot afford to lose will inevitably be wasted.

Expert business coaching can teach you how to deal with the aspects of the business that you find difficult because you either dislike the work or are simply not very efficient at it. The basic daily chores associated with running a business can easily eat up your day and it is vital to the success of your business to stay focused on your vision.

Poor Choices Involving Business Relationships

The relationships forged between entrepreneurs, business partners, employees, and clients are vital components of a successful business. When business relationships become personal ones, it almost certainly will lead to problems.

Interestingly, professional business coaches will tell you that entrepreneurs that come from dysfunctional homes are more likely to form unhealthy business relationships. Business coaching is an effective method of coming up with different ways to keep business relationships from going the wrong direction.

You can keep your business on the right path simply by educating yourself so that you do not end up committing one of these five mistakes. Business coaching will not only teach you how to avoid them, but also help you to identify them.
About the Author
Christine O'Kelly is an author for the successful Raleigh psychotherapist and executive business coach, Barry Selman. He has worked as an executive business coach for a variety of professionals who desire to grow their business and achieve their professional and personal goals.
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