ENTREPRENEURSHIP

Detailed explanation-1: -Most entrepreneurs fail because they do not have the knowledge or are not prepared enough. The main thing that comes between an entrepreneur and the success of their business is fear. They fear failure, making mistakes, losing money, fear being embarrassed, and fear being left out.

Detailed explanation-2: -Successful entrepreneurs believe in themselves. They do not believe that the success or failure or their venture will be governed by fate, luck or similar forces. They believe that their accomplishments and setbacks are within their own control and influence and that they can affect the outcome of their actions.

Detailed explanation-3: -Insufficient marketing, a lackluster business plan or even the wrong legal structure can prevent your business from thriving. The reasons why many entrepreneurs fail early are endless, some being unique to the business owner.

Detailed explanation-4: -Perseverance. This is possibly the most important of success factors. Every new start-up business that I have ever come across finds it hard at first, and after that it gets even harder. The founders are normally tested to the limits of what they can bear and usually well beyond.