Why do so many Startups Fail? (2021)

In an interview, Warren Buffett and Bill Gates were asked to reveal the secret behind their success in life.

Then when they both answered this question, everyone was surprised to hear that there was no mentor or technical skills behind their success.

Not even luck was behind their success. That was their only focus.

Sadly, most entrepreneurs today have no focus on their lives. They can start anything with the current but cannot focus on the task at hand and reach a successful position.

So the importance of Focus behind success in life is immense.

Focus is needed in every field of life and work. You can't read anything without Focus. But there are many who can't focus on anything even for a minute.

When such people fail as entrepreneurs, they always blame the people around them or the market for hiding their inability behind the failure.

But they do not want to understand that the main reason behind their failure is their lack of focus.

Focusing on a piece of paper with a little sunlight can burn that paper, just as focusing on something in life can achieve a lot with a little resource.

If you failed as an entrepreneur, there may be technical flaws in your product/service, your team members may have been incompetent, the quality of your product may have been poor, or your marketing and promotion may not have worked properly.

There may be reasons, but even then the main blame for your failure will fall on your shoulders because you did not give the amount of focus you needed to find and solve all these problems.

When someone decides to start a business, many people around him say that the market is in a recession now, the business will not run in the market now, there will be no profit, and so on.

Businesses never start with those who value these things. You will notice that no matter how bad the market is, there are people who are making a profit.

The main difference between you and that person is the ability to focus.

No matter how bad the time, whoever has the right focus can find gems in the ashes.

An effective strategy is needed to run a business well and make money from it and this strategy can be created only when an entrepreneur gives his full focus to that business.

Business Strategy is never done with an inattentive, anxious, and tense brain. Focus is what you need for this.

Only when you free yourself from all kinds of worries and work stress and acquire the ability to work silently on a subject, only then will success come and take hold of your hand.

Otherwise; No matter what business you start, your failure is certain.