3 Reasons Why New Businesses Fail (Most Entrepreneurs Ignore This)

Why do so many new businesses fail before they even have a chance to grow?

In this episode of Talk Ya Shit Daily, Big Slick breaks down the 3 biggest reasons startups and small businesses fail—from fear and procrastination to unrealistic expectations.

A lot of people have great business ideas… but never make it past the starting line.

In this video, you’ll learn:

•  Why most people never act on their business ideas
•  How fear stops entrepreneurs before they even start 
•  The biggest mistake new business owners make after launching 
•  Why comparing yourself to successful entrepreneurs destroys momentum 
•  The mindset needed to build a successful business long term 

💡 Every successful business started small.

🚨 Stop watching other people win and start building your own lane.

👇 COMMENT BELOW:
 What business would you start if fear wasn’t holding you back?

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Transcript

Welcome And Quick Shout Outs

SPEAKER_00 0:15

What up, what up, what up, what up, what up? Welcome to Talk Your Shit Daily. I'm your host, Big Slick, and we got another great episode for you today. But first, I want to give a shout out to all my listeners. Whether you're at home, at work, all the truck drivers on the road, I appreciate you tuning in. And if you didn't subscribe yet, hit the button, man. I appreciate all the support. Look, we got another great episode for you today. I'm just gonna jump right into it. Today's episode is the three reasons why new businesses fail. A lot of people get into business, it failed quick. Look, I'm about to help you out. First reason is this a lot of people got good ideas or come up with ideas. We all know people that have come up with an idea and don't do nothing with it, right? You got one person that talks all day, never do nothing, never show improve, they just talk all day. It's like, okay, they come up with a new idea and you like, all right, when are you gonna do it? When are you gonna do it? When are you gonna do it? Never do it, then you come back with another idea. So the first reason why businesses fail is because they never act on the idea, they'll stop right there. And why a lot of people stop with just the idea? I think a lot of people just like having the idea of having an idea, they just use it as a talking piece, you know. I'm saying something just to talk about. You know, a lot of people that just talk and don't say nothing, that's the people that have a million ideas and never act on of them. So that's the first reason why a lot of businesses fail. They never act on the idea. The second reason why a lot of businesses fail is that they actually act on the idea, right? Then they start gathering the information, so they start finding about finding out about this business, what they gotta do, what it takes, uh, what's the startup, you know, the finances on it, you know, the overhead, all that profits. They look at all this stuff, then what happens? Fear sets in. Now they look at all the information. Now they're scared to do it. They they like, okay, where am I gonna get this from? How am I starting? Oh, well, how many people I'm gonna have working for me, or am I gonna do it myself? And all these questions arise when they start gathering all the information on this new business. And this, when a lot of people just jump ship and they stop, so they actually fail before they even start because they start doubting themselves on the business they're trying to start. A lot of fear sets in when you start gathering this information, but you're supposed to push through it, get the information and push through it. See, a lot of things what goes wrong with a lot of people is that they want to know the answers to everything. Sometimes you just gotta get started with some motion first, right? Some motion is better than no motion. Get it started first, then you're gonna figure out as you go along. A lot of things you learn as you go along. Don't be scared to make mistakes. A lot of people are scared to make mistakes, they think when they start a business, everything is gonna start off perfect. That's wrong. Nothing starts off perfect, right? Everybody strives for perfection, nothing starts off perfect, right? And this is a constant growth, anyway, right? You know what I'm saying? So definitely keep pushing, don't stop, don't let the fear set in. So a lot of people stop at this second stage after they gather the information, right? The third one is this. So they gather the information, right? Push forward, they got the business started. Wow, this is what we wanted. Business started, we got the business started. This is what happens. It's another reason, it's the third reason, it's the final one. Why the businesses fail? They get the business started, it don't look like it's moving in the direction they want it to at first, right? What business moves in the direction you want it to at first, right? It's a business, so it grows, right? So you have to nurture this business to move in the direction you want it to, right? A lot of people expect results immediately, and you will expect results immediately. You will get them, but what type of results you're looking for? Now, if you're looking at a person that's well established in the same business that you're starting, and you think you just started and gonna have what that person have, that's not gonna happen. They put in that time and effort to get that. So, this is what happens with a lot of people. They'll look at a person and look at that in result, right? And they think they're gonna start and have that end result. That don't even make sense. You gotta work to get there. You're not just gonna start and be established and running like a person that's been in business for three years or five years or 10 years, they work to get to that point. Do some businesses start and be successful straight out the gate? Yes, a lot of them do, but it depends on what type of success you're looking for when you start off, right? It's your measurement, it's your personal measurement of success. If the doors is open to your business or whatever your business is digital or whatever, you're getting sales, you're providing a service, you see some type of revenue, it started. You got all your licenses you need, that's success, right? Now, if you just started and you're looking at a person that's been in a business, and this person, you know, got the big house, got the luxury cars. How do you expect to get that? And you've only been in business for three months. Like, come on. So a lot of people start and then stop and get discouraged because they're looking at somebody else and how accomplished they are, and they think they expect to reach that goal immediately. So they quit their business before they even give it a chance, and that's another reason why a lot of businesses fail. You know what I'm saying? So the key to this is first of all, move on your ideas, don't be scared to move on your ideas. Second thing is when you gather this information, don't get scared of the information, right? Use it, keep on pushing, keep on going, right? Third, when this business gets started and you start executing everything, don't look at the other person. Like they say, don't count the next man's pockets, worry about your own pockets because what that man eating ain't gonna get you full, right? Worry about what's on your table and your plate and get that money. You already know what it is. This is big slick. This has been another great episode of Talk Your Shit Daily. You know what I do, man. You already know what it is. It's big slick, and I'm out pace.