Why Do Businesses Fail Especially Online?
So I wanted to bring you part 2 of Mr. Beistle's training on how he achieved success and he was diving into “why do businesses fail” concept.
If you missed my previous post on business building with Mr. Beistle's Here is Part One – The Golden Rule of MLM Recruiting
Why Do Businesses Fail?
I briefly talked about this in previous posts but I wanted to put the entire training in it's entirety here.
Here is what Mr. Beistle had to say:
I know the title of this chapter is extremely harsh, and you probably don’t want to hear it. The good news is that I will show you how to avoid failure. So be sure to read every word of this chapter.
Now I’m sure you know how important following up with all of your prospects is so I won’t get too in-depth here. But the sad truth is that this is were the vast majority of networkers drop the ball mostly through no fault of their own.
I’ve personally coached and mentored hundreds, if not thousands of people over the years, and because of it, I’ve gained tremendous insight into why people succeed and why the majority businesses fail.
The top reason why people fail is because they simply don’t market or advertise their business. Thankfully there’s a really easy solution to this problem – start marketing and advertising your business!
But it’s the second reason why do businesses fail that we’re really interested in. And sadly, it’s also one of the hardest to fix.
Reason #2 why people fail with their business is because they fail to follow up with their prospects properly. I’ve identified three main reasons why this happens. They are: (more…)