Type 1 Amateur Entrepreneur: All ideas, no implementation.
Type 2 Amateur Entrepreneur: Lots of ideas and half assed implementations.
Type 3 Amateur Entrepreneur: Lots of ideas, lots of implementations, and absolutely no focus.
Have you been guilty of of being a Type 1, Type 2, or Type 3 amateur entrepreneur?
I think the biggest three ways to conquer these failures are:
• Being honest with yourself.
• Outsourcing what you can’t do well. 80/20 period.
• Getting a mentor who knows and understands your industry.
Why do entrepreneurs fail? Or more specifically, why do social entrepreneurs fail? What can be done to solve it? Not listening to market, customers, and employees? Timing? Lack of resources? Something else?