It can be exciting to be an entrepreneur. You get to be your own boss, call the shots, arrive at work whenever you feel like it, and enjoy a lot more benefits. But while it’s a beautiful thing to hear everyone working for you call you sir or ma, many factors could easily send you back to being an employee.
It’s important to know that the most crucial phase of truly gaining financial freedom as an independent individual is being able to survive the hurdles of entrepreneurship, so you can eventually come out on top.
With the economic recession currently being experienced in Nigeria and several other parts of the world, many individuals that are being downsized are both looking for new jobs and/or starting up small businesses. For those starting businesses, it would take more than just a business idea and registration to succeed. Many factors would come in to play. And these are the factors that will determine who succeeds or fails as an entrepreneur.
If you’re ready to do anything to ensure your business succeeds, here are 5 things that will make you fail as an entrepreneur, and how to overcome them: