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AuthorCEO Coach |
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July 2024
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Entrepreneurs usually build a Taj Mahal with the excitement, energy & investor money that only start-ups know, to find themselves standing outside the gate to sell tickets with no-one purchasing. Early-stage businesses have a very high rate of failure world-wide. Research done by Harvard Business School indicates that 75% of all start-ups fail. And, as per Fortune, that percentage increases to 90% within 5 years.
The biggest reason why early-stage entrepreneurs fail is because one or more of the three basic components of building a great organization is (are) missing: 1. The Science of Entrepreneurship is not understood or not applied correctly, even if understood. 2. Leadership Depth is missing. 3. Focus on Craft Mastery gets lost, while chasing bottom lines. Building a great organization from scratch is a joyous and a deeply-fulfilling journey. The process not only makes a huge difference to the community being served (target audience), but also evolves the person at the helm of this transformation (founder) to the highest level of what it means to be a human being. There are many paths to success but there is only one way to create a great organization and live in the expression of your own greatness. Love, Jyoti.
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