Category: Solopreneur

Top reasons why entrepreneurs fail

It’s no surprise that in the past decade, entrepreneurship has become a more popular career choice. The number of entrepreneurs per 1,000 people is on the rise and according to Forbes, there are now 27 million small businesses in America alone. One of the most common misconceptions about entrepreneurship is that it’s easy—or something anyone can do with little training or experience. But this couldn’t be further from the truth. In fact, for every successful entrepreneur, there are many more who have failed miserably because they didn’t know what they were doing or lacked an understanding of business fundamentals such as market research and sales projections.


In order to succeed as an entrepreneur, you need to understand how to identify your strengths so that you can use them appropriately. It’s important to have a clear vision, defined goals, and other aspects of your business planned out; like financials, marketing & client acquisition, growth plan, S.W.O.T Analysis, the hiring processes, and protection of your assets, just to name a few. Without a clear vision of how your business functions and what experience your business is providing your customers, you’re aiming for failure.
You may find yourself with a clear vision and plan, but without a focused mindset or without having proper organization methods in place. You may find yourself struggling or failing when it’s not necessary. It’s important to have a calendar, physical or virtual to keep track of important dates, a CRM or a document/notebook to keep track of your leads and clients, accounting software or book keeping a spreadsheet to track income, expenses, and ROI, or an outlined plan that you intend to execute for growth. Your finances can without a doubt, make or break your business. With your growth, it’s important to accrue capital, to prepare for growth, mistakes, or additional expenses. In addition, your growing business may have a lot of cash flow, incoming and outgoing transactions that make the books hard to keep track of. It’s important to know your expenses and profits, as it may seem great at first, invoices are getting paid, but after reviewing your expenses, you may come to find out you’re actually losing money each month!


Without a clear marketing strategy, understanding your clients’ journey, and efficient marketing execution, you may never be able to grow your business. With a very organized business that has a clear vision, you can produce a great product or service. But if no one can find you or your business, none of that matters. It’s important to include marketing in your budget, and connect with the appropriate people or businesses to aid you in your marketing efforts. It’s important to delegate some of the work to other team members or businesses. You can’t and don’t have to do everything yourself. In addition, you have to make sure you utilize the right people or companies for the task at hand. You may burn out your employees, or waste money by hiring an employee or a company that isn’t qualified to assist you and your business.


Most new business owners and entrepreneurs underestimate the time it takes to start seeing results in their business. Too often business owners expect to be set for life after their first few clients. Growing a business can take a lot of capital, and it’s important to plan financially to not only see a return but invest your profits back into your business.


For a successful business, it is imperative to focus on your company’s vision. The clearer you are about what you want and the more time you dedicate to staying organized and delegating tasks appropriately, the better off your business will be in terms of productivity and efficiency. If there are other areas where you feel like things have slipped through the cracks or could use some improvement, don’t wait around! No one has all of this figured out perfectly–don’t let perfectionism prevent growth from happening. Take action today by making sure these changes are reflected in your marketing plan so that customers know who they’re buying from.


It’s important to stay focused on your goals and work with a business coach or consultant who can help you create an action plan. Your life will be easier if you delegate tasks that other people are qualified for – this way they’re not overworking themselves while you sit back in the driver seat. Finally, don’t expect overnight success when it comes to starting your own business venture; most entrepreneurs take years before seeing any kind of return on their investment. If none of these points resonate with you- then fear not! We have plenty more free marketing advice waiting just around the corner. Give us a shout anytime we want to chat about how we can help make sure your company is set up for success from day one!

Why not having a strong team is detremental to your business

Do you ever feel like you’re drowning in your work? Do you find it hard to stop thinking about all the things that need to be done, and often feel guilty for taking time away from work? If so, I’m here to tell you that this is not good for your business or health. As a business owner myself, I know how easy it can be to neglect yourself when there are always more tasks on the never-ending list and deadlines that seem impossible. But what if instead of living in constant fear of everything going wrong, we shifted our mindset and focused on building a strong team who could support us with these challenges? What if we took care of ourselves so we could lead by example and show others how important balance is for them.

If you are a business owner or an entrepreneur, it’s important to understand the importance of having strong leadership and team members. Your business will not grow if you don’t have the right people in place. In this blog post, I’ll be discussing how your company is doomed without a good team in place and what can happen if you don’t have a good support system. It’s very important as well to know that your personal health will suffer when working long hours with little time for yourself. You need balance! First and foremost; if you don’t take care of yourself, your productivity and performance will eventually suffer. This can lead to even more stress as it becomes harder for you to do the things you need or want to do in order to get back on track. But please remember – taking time for self-care isn’t just important for mental health; it also has major implications relating directly to your company’s success (yes, really!).

As a leader of an organization, it is vital to have a strong and capable team around you. When your team isn’t up to speed with the day-to-day tasks that need to be done, it can lead to long-term consequences for both your health as well as business growth. The following are some of the most common symptoms experienced when someone does not have enough time or support in their professional life: stress levels increase; chronic pain increases; energy levels decrease; immune system weakens (making them more susceptible to illnesses); they may feel depressed or anxious which leads them down a path where they might experience sleep problems or mood swings. Without a team, it’s more difficult to make decisions quickly or implement changes when needed. A lack of trust or connection (especially with all of the virtual work we are doing at this time) among members in your company can lead to negative consequences like low morale and poor communication which is detrimental to the success of any organization. Not having a strong & organized team also means that there will be less accountability for tasks assigned because no one has ownership over them.

When it comes to running a business, having a team is critical. Without them, you will be at risk of not achieving your goals and reaching the potential that’s within you. Having strong leadership in place can help with making decisions faster and more efficiently which helps maintain both your health and the company’s success. A lack of direction or support from others may lead to distraction, stress, anxiety, depression, or other mental ailments that could hinder productivity as well as take a toll on one’s personal life outside work. If this has been something that you have struggled with for some time now then we would love to talk about how our experienced team of senior advisors can provide guidance through mentorship programs tailored just for you!


“Every entrepreneur who has achieved success has also endured failure.”

Brent Simpson of Bold Vision Enterprise


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How to Keep Going When you Want to Give Up

Whether it’s running your business or a marathon, working towards your dream or trying to make a marriage work, there are some situations we can find ourselves in where we want to keep going but really struggle to maintain motivation. Entrepreneurship is one of those things. We have to give every last drop of will-power and energy to avoid just giving up and packing it all in. Many of our friends and family don’t know why we “put ourselves through it”, so it’s hard to talk to them about our business.

In these situations we often find ourselves turning to mental tricks and ruminations to try and convince ourselves to keep going. Often times pining over the pictures we see posted on social media depicting a person on the beach with a drink in their hand looking as if they do not have a care in the world. So what are some of the best techniques you can use when you want to give up to ensure you persist?

Draw Inspiration from EVERYWHERE

Most of us have real stories and memories that we can use to dig deep and find inspiration. If you have ever met with a BVE Success Advisor you know our philosophy is simple….get a positive team that understands you. Not just any team, but a team that understands entrepreneurship. Perhaps you had a parent or a friend who never gave up no matter what. Maybe you remember them challenging you to accomplish something and really believing in yourself. These people can help you to dig deep when you’re really struggling for energy, commitment or will-power.
If that doesn’t work, try an inspiring music track. ‘You’ve got the power’–FKUQgU by the 80s soft rock artist Stan Bush should do the trick!

Remind Yourself Why You’re Doing It

Another trick is to remind yourself why you’re doing what you’re doing. If you are trying to turn your passion into business, so you can leave your 9 to 5 job and live in your God given talent. Or if you have been running your business now for a few years and you realize you want to see more success than you’re experiencing today. At Bold Vision Enterprise we have seen and heard more reasons than we care to remember. However. the most important thing isn’t the memory it’s knowing when to use it to motivate yourself.

If you’re working towards a dream try visualizing yourself where you want to be because you managed to accomplish the gargantuan goal. If you’re trying to make money, that might mean imagining yourself on a yacht in the sun somewhere. Maybe its spending more quality time with the family since you have more financial flexibility.

At Bold Vision Enterprise we aren’t championing the Vision Board movement, we like to develop actionable growth strategies with our clients. However, we recognize creating a Vision Board does work well for some people. So if you are the type of person who prefers to visually see your future success then consider building a Vision Board.

Remind Yourself of the Consequences

Sometimes the stick can be more motivating than the carrot. If imagining yourself being highly successful because you did well isn’t doing the trick, then maybe try doing the opposite instead. Imagining what would happen if you give up. Imagine having to tell everyone you failed. Imagine knowing you failed… Especially after all the effort you’ve already put in! We know that sounds harsh but some people need to think about this.


“Every entrepreneur who has achieved success has also endured failure.”

Brent Simpson of Bold Vision Enterprise


Break it Down

If you’re tackling an impossible task or its a seemingly simple task you can’t seem to conquer, break it down into smaller milestones. Then get an accountability partner. It helps to know someone out there is going to ask for a status update. Isolation isn’t something we suggest at any level.
Building a business is not easy. Remember to celebrate the micro wins along the way…it helps.

Take a Break

There are moments when taking a break is the best thing to do. Have a breather. Most tasks aren’t binary meaning it’s not ‘do or die’. Be strategic with your energy management and realize that a short time out can often yield better results in the long term.

Also, pay attention to your energy. When you work best on technical task? When do you work best on creative items? When is the best time for you to tackle or engage “problem clients”? Knowing these answer will help you determine the ideal time to take a break.

As always we hope this helped. Please share the link on social media to help us continue to spread good content. You can also follow us on Instagram at BoldVisionLLC

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4 Secrets for Achieving Internal Success

4 Secrets for Achieving Internal Success


All small business owners want to be successful. Since childhood, being successful has been ingrained in many of our minds as the great aim of life. This isn’t a bad thing. However, we need to better understand that success varies greatly. Not only in how it is measured, quantified or qualified but also whether it is external or internal. What is an internal success? And can you achieve it? For starters, personal and emotional success, are an integral part of business success.  Success is about achieving goals. To do so you should always assess the how and why of your goals first. Plainly put, begin with the end in mind and then begin to understand the person in the mirror who controls the journey to that end. To begin your self-assessment, here are the four secrets that can help you achieve internal success before and during your business. 

#1 Be Accountable to Yourself by Setting Goals

It is vital that you set your goals for your personal and professional life, in order to provide a target for you to aim for. List your goals, then write down the steps you are going to take to achieve them.  This does not need to be an essay. Simple bullet points with target dates will suffice. Add who or what can help you as a column in your list. Lastly, find an accountability partner, friend, family member, group or coach.  If you are looking for a business coach talk to a BVE Success Advisor who can support you.

#2 Remember Your Personal and Professional Lives Are Interdependent

You may think that your career and personal goals are separate. However, they are interdependent. Your career relies on your well-being. Which impacts your family, relationships, health, and happiness. Your happiness influences the quality of your relationships and health all of which will affect your career or business.  You are your company culture. If you’re not happy at work or doing a job that you love, it impacts your emotional and physical wellbeing and your personal life.

Focus on one area at a time and the success will bleed into the other areas.

#3 Find Your Passion and Purpose

If your personal and professional lives are interdependent, then to be successful in them you will need to discover your passion and purpose. These internal attributes will require some level of introspection.  This may be a great time to meditate. Through introspection, you will feel re-energized to drive determination, enhance your creativity and spark inspiration in your activities. For all the 9 to 5ers thinking about leaving their jobs this will be a great exercise for you.  For those with existing businesses, this can help you get realigned personally and professionally.

#4 Don’t Focus on Money.  Instead, Focus on Passion and Purpose

I know this may seem like a strange thing to read coming from a business strategist, but it’s true.  Chasing money instead of passion and purpose can lead many to find that success is tainted by misery. While people consider amassing wealth to be a sign of success, that should not be your end goal or sole success indicator.  

Instead, focus on your mindset, lifestyle, and wellbeing.  What will your life look and feel like when you have truly achieved internal success?  How will your family, friends, employees, co-workers, strategic partners and others feel?  Create a vision board with words, quotes, and pictures showing your life as you want it to be?  Our suggestion is to make it an actionable vision board by putting dates of intended achievement on each picture.  

When thinking about your professional success consider how you will know you’ve succeeded. What will your position be? How will you be making an impact in your company and in the wider community?  What will your working day look like? How will your company change people’s lives? Think about work/life balance and the effect on your family and relationships with friends. How will your new role or business affect your time, health and happiness?

In Conclusion

While success can mean different things to different people, one thing all definitions have in common is that success is measured by achieving goals that make you feel positive emotions and that if measured internally, not by external assets.  We believe you will find the greatest success comes when you use your passions to create your goals that will solve real problems and improve the lives that you touch.


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Discover – Create – Implement

There’s nothing more empowering in entrepreneurship than coming to the realization that you can have, do and be anything you want! In today’s world of social media this thought is echoed louder than ever.

Often, the problem for many is disbelief. Thinking that it’s already been done, results in thinking our product or service isn’t good enough. Or we doubt that we have a Unique Value Proposition strong enough to separate ourselves from the marketplace.

What do you think?

How do you feel about the opportunity to establish and/or grow your business?

At Bold Vision Enterprise we believe you can do it. It will not be easy and you have to be mentally prepared for the ups and downs, but it is completely doable. Even if it has been done before.

The classic adage “seek and ye shall find” still stands true. If you look for proof that achieving big goals, big dreams and living a life of excitement and success is possible, you will find it. If you look for proof that life is difficult, big goals are impossible to achieve and success is reserved only for a select few, well you are certain to find that as well. Attitude is EVERYTHING! We all have a story about the difficulties life has dealt us. You already know what you’ve been through, and there no reason to tell every person you meet. Let’s make today the day you come to the realization that you can have, do and be anything you want!

An exciting future awaits you. But you have to name it and claim it. Your journey begins now. If you want to speak to a BVE Success Advisor feel free to schedule an appointment today.  Bold Vision Enterprise stands ready to help!

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Learn What Failure and Starting Your Business Have in Common

What Failure and Starting Your Business Have in Common

Starting your business and failure have more in common than you may think. The fear of failure often results in a person doing everything they can to avoid failure, even if it means stagnation and unfulfilled dreams. Many do this because they think if they try and do not succeed, they will be perceived as an overall failure to their employees, friends and/or family. Are you this person? Is there a business you want to start, but feel paralyzed by fear?

As social media plays back highlight reels depicting success, it is easy to assume that success is laid at the feet of entrepreneur’s who choose to pursue their dreams. When you look closely, however, you discover a different picture. Entrepreneurship is messy. You don’t see the dozens of ideas they tried that didn’t work prior to being successful. The most prominent unseen factor is the fear of failure that often still rests within them. Yes, they have a fear of failure too, but they didn’t keep it from letting them start their business.

“Fail often, but intelligently. Fail fast, but forward. Then step over the failure, and grow from the lesson.”
Brent Simpson of Bold Vision Enterprise

Failure is a great tool to figure out what not to do the next time around and is necessary for learning and growing. If you try something and it doesn’t work, it is no reason to give up on your entrepreneurial dreams. It should be used as a road map to identify what went wrong, reevaluate your idea, and make adjustments to try and make it work. Find a mentor or an advisor who can help you have a smarter, more strategic launch. Preferably one who has been there and conquered that place or space you wish to operate in. In many cases, having a team helps too.

Avoid being the entrepreneur who talks about their many failures before reaching success. At Bold Vision Enterprise our tagline reads, “Let our knowledge and experience be your company’s head start” because we understand the benefits of leveraging good advisors. So, it may be worth your while to find an advisor who can evaluate what you are doing and help you to get back or stay on track toward success. This may require an upfront investment, but good advisors are certainly worth it if they can produce results for you. Choose wisely, but definitely choose someone bold. If you’re interested feel free to let Bold Vision Enterprise help reduce the fear and confusion of getting started.