Creative Entrepreneurs Often Lose

I too often watch highly creative entrepreneurs build a business from scratch and do extremely well quickly, expand rapidly, only to see their business suddenly fail.

There are generally three major reasons for such failure.

Many entrepreneurs are poor planners from the start. They often lack an efficient business plan, to guide them in their financial start-up planning.

And they lack sufficient funds. Because of poor planning many entrepreneurs are clueless about how short of capital they will eventually be.

And reason three, many entrepreneurs are incapable of managing a rapidly expanding business, or getting an adept manager who can.