Nowadays everyone is a fucking entrepreneur.
I can’t go anywhere without hearing, “Well, in my business.” It’s like saying you are an entrepreneur is a safe word to tell the world you are broke, uneducated, and have no direction in life. But, those who don’t say that they are business owners and continue with conversations tend to be real entrepreneurs.
I tell people to shut the fuck up when it comes to your plans. What is that saying, “Don’t tell people your plans, show them your actions.” Many times we want the center of attention when you tell people what you are going to do because you want to hear pity from the other person. Yet, you don’t have two pennies to rub together and you are $80,000 in debt because you bought a Mercedes you can offer because you thought your business was going to blow up overnight.
Starting a business can be an exciting experience,
but it’s not without its challenges. Statistics show that a significant number of startups fail within their first year of operation. While every entrepreneurial journey is unique, there are some common reasons why businesses face difficulties in their initial year. Let me go over some things that will allow you to fail in your business but how you wanna be entrepreneurs can navigate these challenges successfully.
You need to fucking plan, Insufficient Planning: Many entrepreneurs jump into business without a well-thought-out plan. Now everyone always wants a Business Plan, Fuck your business plan but have the right mind set. A comprehensive plan is crucial for outlining your business goals, strategies, target market, and financial projections. Lack of planning can lead to misalignment and poor decision-making.
See your dumb ass idea can solve a problem, Inadequate Market Research: Failing to conduct thorough market research can result in a disconnect between your product or service and customer needs. Entrepreneurs must understand their target market’s preferences, pain points, and behaviors to develop a product or service that resonates. Don’t just start a business because it sounds cool and everyone else is doing it. Stop being a fucking follower.
It takes money to make money, you dumb ass, Underestimating Costs: New businesses often underestimate their initial and ongoing costs. It’s essential to have a realistic budget that covers expenses like rent, utilities, inventory, marketing, and employee salaries. Underestimating costs can lead to financial strain. This is probably the main reason you fail. You think starting a business is free because you made an Instragam account you fucking idiot.
Social Media is not a Website you cheap ass, Overlooking Marketing and Branding: A lack of effective marketing and branding can leave your business invisible to potential customers. Successful entrepreneurs invest in building a strong online presence, engaging with their audience on Well established websites, investing in Search Engine Optimization, and for you cheap asses, social media, and creating a compelling brand identity.
Don’t forget about the people who pay you, Neglecting Customer Service: Customer satisfaction is paramount. Neglecting customer service or failing to address customer complaints promptly can lead to a poor reputation and loss of business.
Undercutting is not being competitive, Underestimating Competition: Ignoring or underestimating your competition can be a costly mistake. Thoroughly researching your competitors and understanding their strengths and weaknesses can help you position your business more effectively. When you are the cheapest of your competitors you will only bring trash customers. Invest in quality customers by charging a premium. Only poor people are undercut.
You are not a CEO, you are a business owner, Over Expanding Too Quickly: Some entrepreneurs make the mistake of scaling their business too rapidly without a solid foundation. Premature expansion can strain resources and lead to financial instability. Pay your business first, and reinvest in your company. Your stupid ass Dodge Charger doesn’t make your look rich, you look poor.
The rules don’t apply to you because you are a fucking dumb ass, Ignoring Legal and Regulatory Requirements: The reason why it seems easy for you is because you are not following the rules and regulations. This is why you fail because other successful companies know the Red Tape and you feel like you need to follow it. Non-compliance with legal and regulatory requirements can result in penalties or even the closure of your business. Entrepreneurs must understand the rules and regulations that apply to their industry and location.
YouTube is not a source of Education, go to school and learn, stop being cheap, Lack of Adaptability: The business landscape is constantly evolving. Entrepreneurs who are resistant to change and education or fail to adapt to new trends and technologies may find themselves falling behind the competition. Educate yourself and learn, stop using YouTube as a source of education, but use it as a source of reference.
This is why you quit because you are weak and poor-minded, Emotional Resilience: – The entrepreneurial journey can be emotionally taxing. Many business owners face setbacks and failures along the way. It’s essential to develop emotional resilience and the ability to learn from mistakes. Stop listening to your poor friends and family. They will only crush your dreams. People that have never done shit in life will always want to keep you at their level. Learn how to walk away, stop being a weak little bitch.
Starting a fucking business is a significant undertaking, and while challenges are inevitable, they can be overcome with proper planning, research, adaptability, and perseverance. Real Entrepreneurs, not your dumb ass who learn from their mistakes, stay focused on their goals, and continuously strive to meet customer needs have a better chance of not only surviving their first year but also thriving in the years to come. Starting a business is a journey, and with the right approach, it can lead to long-term success.