9 Reasons Why People Fail

The secret to success is….

Ask 25 people what the secret to success is and you will have 25 different answers. After over 3 decades in business I can honestly say I know what the secret to success is. The secret is….that there is no secret. Napoleon Hill, Zig Ziglar, Brian Tracy, Stephen R. Covey and countless others have written best selling books on success and if you read them you will discover many similar characteristics of all successful people.

The common denominators of successful people are persistence, commitment, integrity, consistent, good work ethic, discipline, imagination, positive attitude and definiteness of purpose. Too many people today are living with a sense of entitlement and are running around looking for the magic button to push that elevates them to the success throne.

Did you ever try making a cake without one of the main ingredients? Didn’t turn out too well ,did it? Neither does success.

Like success, failure has common denominators too…

The one thing I would like to clearly define is the difference between failing and being a failure. Failing is the act of not getting to your desired outcome. Being a failure is having a poor attitude, not caring and doing absolutely nothing about your current situation. There are 9 distinct reasons why people fail and you will be able to identify what it is that is holding you back from achieving your desired outcome or being successful. Nothing changes until something changes. Or better still is Albert Einstein’s definition of insanity; “Doing the same thing over and over and expecting a different result.”

Why People Fail

Why People Fail

Why people fail….

1) Lack of Trust: If people do not trust you they will not do business with you. Trust is not just about character, it is also about being competent. People have to trust in you as a person and they also have to believe that you are capable of doing a specific task to get the job done. It equally applies on both sides. If you do not trust someone is telling the truth then the relationship will collapse. Trust is one of the core pillars of your character.Congruency in values, beliefs and behaviours.

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2) Lack of knowledge: If you don’t know what you are doing and don’t bother to get educated you will fail. Take professional athletes who usually know nothing about finances. How many times have you heard of a pro making millions and they are broke. You don’t need to know everything but you have to have the basics whether it is knowledge of leadership, communication or how to run a business. Education comes in many forms and you must get educated to succeed.

3) Lack of skill: Depending on what business you do go into you will need certain skill sets. In today’s global economy it is expected that you will have at least 5 careers so you need to develop skills in whatever you do. Some degree of knowledge is always transferable but if you want to get really good at anything you have to put in the training. You can hire or surround yourself with competent people but remember #1 TRUST has to be present.

Why People Fail

Why People Fail

4) Lack of belief: Do you have low or high self esteem? How do you look at yourself? Do you have confidence in your abilities? If you have limiting beliefs you will discover that you have trouble making decisions and this is a major reason why people fail. Business requires you to make lots of decisions every day. Lack of belief will have you spinning with doubts about whether you made the right or wrong decision. It undermines your ability to lead others and more importantly to lead yourself. Fear of failure will dominate your thinking when you have no belief and it will cause you to fail or worse, never begin.

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5) Lack of work ethic: Laziness will not get it done in this busy world. Hard work is one of the key attributes of the wealthy. If you are too lazy to put the effort in to make a better life for yourself then you will be living a life of mediocrity. It’s as important to work on yourself as it is your business. Going the extra mile is not just a phrase but it is a way of life for those that want to succeed. Show up and do the work, show up and do the work again is the mantra of the pro. For another great article on why people fail check this link.

6) Lack of a plan: Would you climb on board a 747 knowing that the pilot had no idea of where he was going or how to get there? If you were going to L.A. from New York would you just jump in the car without a roadmap and a planned route how to get there? Having a plan is a blueprint or your roadmap of where you are going and how you are going to get there. All business survives and thrives on their marketing plan, and if you don’t have one winging it will guarantee you become one of the statistics of the 85% of businesses that fail in the first five years.

Why People Fail

Why People Fail

7) Lack of personal development: Everyone in life encounters obstacles and problems. You may have heard the expression that “life is not about what happens but about how you deal with what happens.” Working on yourself to grow is an insurance policy that you will be bigger than your problems. Life happens to everyone and when it does you need to be prepared. Personal development is not an option and it needs to be intentional. When all is said and done before your last moments in life you will realize that who you become is more important than what you do or have.

8) Lack of money management: If you look throughout history you will see that there has been many people (business owners, pro athletes,entertainers) who have an enormous amount of money and they end up dead broke. It is not uncommon for people to live beyond their means. People who make $60,000.00 a year , $150,000.00 a year, $1,000,000.00 or even $5,000,000.00 a year do it. Lottery winners who never had money, 85% of which are dead broke or worse after 5 years. It’s not about how much you make it’s about how much you keep.

9) Lack of imagination: Everything that has ever been created has first been imagined in the mind. A creative imagination will help solve the problems you encounter on your journey. The power of imagination is a wonderful gift once you learn how to develop it. You have to imagine your success before it happens, you have to imagine you winning at the game of life. Some refer to this as vision but it is your imagination where you create the vision for your life.

Why People Fail

Why People Fail


David Thompson

Success is yours to discover…imagine!

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About David Thompson

I help anyone in any business at any level of experience create profits through internet marketing using the right tools resources and mindset. my website, my business, and follow me, +David Thompson on Google+.

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