Why Most Young Entrepreneurs Fail

Everyone desires to be their own boss. It is the dream of most employees to one day, run their own business. It is the most common goal that working class people set for themselves when asked about resolutions and plans.

What most don’t consider though, is how they can fail in business. The planning is always to succeed, to be profitable, to grow, expand and to build an empire or a legacy. Very often, the “what ifs” and “plan Bs” are ignored or treated as taboo. No one really plans or prepares for business failure or worst case scenarios. This is one of the many contributing factors as to why so many do fail in the end.

I have been providing counselling and consultation services to quite a few individuals whose businesses have floundered. This has been an increasing trend since 2015 and I am busier now than ever before, advising owners of insolvent companies and business owners who themselves are in financial dire straits. Each case differs in their origins and circumstances that led to the current point of failure. Each will also face a different outcome depending on how they manage the situation from thereon in.

Once constant prevails, however, in that every business failure was the result of a culmination of errors and over-sights that began way before any sign of failure was on the horizon.

The cause of business failures are many and varied but I am able to summarise them into five key discussion points;

  1. Wrong Mindset
  2. Wrong Objectives
  3. Wrong Business Model
  4. Wrong Financial Planning
  5. Wrong Priorities

Join me for an interactive 4-hour session on 21 April 2018 at Lifelong Learning Institute starting at 2pm. This will be an informal session where we are going to discuss;

  1. How an Investment Mindset helps you to operate an effective business
  2. Knowing your “Why” in order to keep your business sustainable
  3. Identifying and tending to your business needs instead of addressing the wants
  4. Why your cash flow can be your worst enemy or greatest asset and how to plan for it
  5. Doing what you know versus Knowing what you do

Who should attend (even employees will gain something valuable from this session);

  1. If you’ve never started a business and need to know what really goes into planning for a successful start-up
  2. If you’ve been running a business for less than three years with no joy and no way back
  3. If you’d like to learn how to identify a good business to invest into
  4. If you’re young and dreaming about being the youngest most successful entrepreneur in your generation
  5. If you’re looking to add value to your job by contributing actionable ideas to improve your position in the business

Mark the date, note the destination and don’t miss this session for anything!

If you’re interested in our next session, email me at conrad.finscents@gmail.com

This event is organised by Orgeva.comDownload the app and discover truly affordable and beneficial courses and workshops without the hard-selling.


Screen Shot 2017-10-01 at 1.38.39 PM

Connect with me at LinkedIn


If you enjoyed this post, please consider to visit Pattern Trader Tools, leave a comment or subscribe to the feed and get future articles delivered to your feed reader.


No comments yet.

Sorry, the comment form is closed at this time.