One of the biggest barriers to success in business is business owners and decision-makers who do not seek help or do not seek help early enough when they clearly need it. There is no doubt that this is the primary cause of the horrendous statistic that 90%of startup businesses fail in the first 5 years.
The primary cause for this, we believe, is pride. People are embarrassed to seek help and open up that their business is not doing well. There is always a solution, and seeking help is a sign of strength—not a weakness. Successful business people do it all the time, so why shouldn’t you?
The other alarming reason some business owners don’t seek help is that they don’t believe they need it. They believe they have enough knowledge to be successful, when in reality they don’t, and the reality is that no one knows absolutely everything they need to be successful. This is a symptom of a fixed mindset and it is not conducive to a highly successful business.
The sad truth is that there are people who come to me who are going to fail simply because it is too late — they didn’t get help early enough.
I’ve seen pride put a lot of people out of business. Nobody except you expects you to know how to do everything, especially these days. I’ve never seen the world of business more complex, and I believe that’s what’s leading to more businesses shutting worldwide than ever before.
You can look at the high rate of closure as an omen, or you can view it as an opportunity. I had splendid mentors, leaders and coaches along my way to success. I never would have guessed that being one of those coaches would give me the most professional and personal satisfaction, but here I am, a testament to the proof that asking for help works.
Coaches are not there to point out what you’re doing wrong. They are there to assist on your journey to getting better. They are there to provide hope, motivate and give ongoing advice, while holding you accountable for those actions that will make a significant difference.
Professional development, more than ever before, is going to separate the haves and have-nots in the world of business. With statistics that show so much failure for new businesses, why would you start one without having a coach in your corner? You wouldn’t try to become a great golfer without a golf pro, so why is business any different? There is no way for any one person to have all of the skills necessary for success in today’s business climate.
Those skills have to be acquired somehow, if you’re going to have a fighting chance. Most people care deeply for their business, but, sometimes, like having a child with special needs, you have to look to outside help to address the situation.
If you are having challenges in your business, then pick up the phone and talk to someone. That alone could be a turning point for you and your business.