In the first two years after launching, three out of ten startups fail. After five years, a full half of startups are gone. While there are a variety of outside factors that can contribute to the failure of a startup, the biggest reason businesses fail is because of inexperience and poor planning. How can you grow your business and make it through the pivotal early days?
When your business first launches, nothing is set in stone. A lot can change in the first few months, so don’t put all your focus into achieving big, long-term goals. Instead, break them down into smaller milestones. This not only makes each goal easier to achieve, but it also allows you to change your path if you need to. As you plan, you should strive to be as organized as possible.
There will be a lot of meetings, calls, conferences, and projects to tackle, so find a method of organization that works for you and stick with it. If you don’t, you could find yourself overwhelmed and faced with burnout. Another way to avoid burnout is to surround yourself with positive people who share you vision. Cut the negative people out of your life so you can focus on the positive: executing your business plan and achieving the success you’ve always dreamed of!
Read the full article here: http://www.entrepreneur.com/article/271335
