Business mentality logical and systematic or mental and spiritual

New research from the U.S. Bureau of Labor Statistics suggests that around 80% of the business that start today don’t last for a year, and that most failures of American startups will occur in the first two years of their existence. After that the rate of business failure will slow down greatly!

As you can see those are not so-very-good chances for success starting a business. The business plan itself is a lengthy and overwhelming document that is required for the business to succeed. Most of the business failures are due to the lack of knowledge, or proper planning. Most people that want to start a business come with an expectation mentality. They think that just because they are in business people will come straight out of nowhere and buy their products or services. Only to realized, when they spent all their capital that things did not go the way they thought.

My advice for everyone when planning to start a business is the following; “Don’t expect to get paid ever, in business. There is no payday if there are no sales! People have to understand that if an organization has no sales for their product or services, it has no business. The organization can be called something else except a business.

With that said, one needs to understand that one is selling to other people. The people that one will be selling to are clients, but they’re still people. One needs to be mentally, logically, spiritually, and systematically prepare for them.

In a presentation, Stephen Covey said; we are not human having a spiritual experience we are spirits having a human experience. One has to carry a great will power to venture into any type of business. Nevertheless, one also has to know one’s product or service. It takes a great amount of discipline to continue with ones business. Systematically and logical thinking is necessary to come up with a good strategy. However, what goods is a strategy if one does not have the heart, spirit, and positive mental attitude to undergo hard times in business; especially when one is starting out a new venture!

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