{"id":138502839,"date":"2017-05-31T11:58:17","date_gmt":"2017-05-31T15:58:17","guid":{"rendered":"https:\/\/acccapital.com\/three-reasons-businesses-fail\/"},"modified":"2026-04-02T12:57:29","modified_gmt":"2026-04-02T16:57:29","slug":"three-reasons-businesses-fail","status":"publish","type":"post","link":"https:\/\/acccapital.com\/hi\/three-reasons-businesses-fail\/","title":{"rendered":"Three Reasons Why Businesses Fail"},"content":{"rendered":"

If someone walked up to the front door of your business giving away \u201csuccess in a bottle,\u201d would you take it? You may laugh or roll your eyes, but I\u2019d assume that you might give it a go. What\u2019s there to lose, right?<\/p>\n

According to Bloomberg.com, 80% of businesses crash and burn within the first year and a half. We use frightening statistics like this to motivate ourselves \u2014 what can we learn from these companies? Sure, a percentage probably just runs out of money, that\u2019s understandable. But we think there are more issues that arise before the finances collapse. Here are our top 3 reasons businesses fail, and what you can do to keep your business from being a statistic.<\/p>\n

Reason #1: You Put Your Dreams Above Your Customers<\/strong><\/h5>\n

The secret to a successful business is the same as that of a marriage \u2014 listening! Your customers hold the key to your business\u2019 success, so listen to what they like and dislike. What makes them tick? What are their hobbies, dreams and values? Talk to your customers. Nathan Furr and Paul Ahlstrom say it best in their book, Nail It, Then Scale It,<\/u> \u201cWhich would you rather do \u2014 talk to customers now and find out you were wrong or talk to customers a year and thousands of dollars down the road and still find out you were wrong?\u201d<\/p>\n

Reason #2: You Don\u2019t Stand Out<\/strong><\/h5>\n

We live in a busy, go-getter world that gets busier by the second. There are plenty of distractions and competitors all fighting for the same thing that you are \u2014 your potential customer\u2019s business. In this dog-eat-dog world, it\u2019s your job to make your company stand out. What sets you apart from the other businesses? What makes you unique? Figure out the true value you bring to your market.<\/p>\n

Reason #3: Take a Look in the Mirror<\/strong><\/h5>\n

It may be hard to read \u2014 but consider your leadership techniques. Think about\u00a0sports headlines each week. We\u2019ve all heard about amazing talent like Lance Armstrong, Barry Bonds or Mike Tyson making poor decisions that derail their success. Entrepreneurs\u2019 names may not be plastered on every HD television across the country, but it\u2019s the same, self-sabotaging decision-making in question.<\/p>\n

As the founder of your company, it\u2019s your job to lead it. Recognize where your weaknesses are, and build those up. Are you a poor communicator? Do some research on interpersonal communications classes. Anger issues? Take an anger management class.<\/p>\n

Now for the good news<\/strong>\u2014 you can avoid these mistakes! It doesn\u2019t take but a quick look down the main street in your city to realize that businesses succeed. With the right attitude and business-minded actions, you can not only avoid that expected first-year failure, you can find yourself leading a quickly-growing company with a bright future.<\/p>","protected":false},"excerpt":{"rendered":"

If someone walked up to the front door of your business giving away \u201csuccess in a bottle,\u201d would you take it? You may laugh or roll your eyes, but I\u2019d assume that you might give it a go. What\u2019s there to lose, right? According to Bloomberg.com, 80% of businesses crash and burn within the first […]<\/p>\n","protected":false},"author":8,"featured_media":138502840,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[40,109],"tags":[73,130,77,140,56,141,136],"class_list":["post-138502839","post","type-post","status-publish","format-standard","has-post-thumbnail","category-arkansas-capital-corporation-group-news","category-entrepreneurship-foundation-news","tag-arkansas-entrepreneur","tag-arkansas-lending","tag-arkansas-small-business","tag-arkansas-small-business-lending","tag-arkansas-small-business-loans","tag-arkansas-startups","tag-little-rock-lending","entry"],"acf":[],"yoast_head":"\nThree Reasons Why Businesses Fail | ACC Capital<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/acccapital.com\/hi\/three-reasons-businesses-fail\/\" \/>\n<meta property=\"og:locale\" content=\"hi_IN\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Three Reasons Why Businesses Fail | ACC Capital\" \/>\n<meta property=\"og:description\" content=\"If someone walked up to the front door of your business giving away \u201csuccess in a bottle,\u201d would you take it? 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