Hey Anthony Morrison here and in today’s episode I want to talk about the #1 Reason Entrepreneurs FAIL when they’re getting started with their business.
To make sure I was answering this honestly, I sat down and listed out ALL of the reason I could think of first to make sure I found the one I felt impacted entrepreneurs the most.
A few that came to mind were:
-Running out of capital
-No marketing strategy
-Leadership difficulties
But none of these compared to what I want to talk about today.
The #1 Reason Entrepreneurs FAIL in their business is that they underestimate their competition.
Don’t believe me?
Think about it this way:
Every time someone pays you for a product or service, they’re essentially saying “NO” to someone else’s product or service. This happens every day in your business whether you see it or not.
When people say NO to you, they’re saying YES to someone else.
So how do we overcome this and live it out?
How do we beat our competition in a way that’s ethical and well planned out?
Watch today’s video for KEY insights on how we do this at Morrison Publishing.
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Thank you very powerful statement.
Sound insight. Nice one, thanks.
This is a very different "take" than any I have heard from other internet marketers. The example you gave from your own experience was a perfect illustration of your point. Also, the whole podcast was very inspiring. Thank you.
Thank you for this video. We all forget the basics of business. Looking forward to more videos.💥💥
Very sound and good advice Anthony
I love this video, I have watched it probably 4 times, its very inspiring for me it keeps me researching others, Thanks Anthony
An interesting tip to get to know your customer and how not doing this can cause your business to less successful and even fail.
Anthony the information you give out is very ispiring and motivating. Thank ;you
Awesome Points i will have to use!
Good Advice Anthony! It's helped me over the years.
I've always just clicked away from other offers. I am convinced to purchase very easy. With this new attitude about learning from them, I think I will be ok. I am looking forward to seeking out information. Thank you Anthony.
When you have true Marketing Experience you are in a position to cut-to-the-chase just like Anthony. Thanks for taking the time to share this valuable insight.
Great insight! Ty
Such a simple but effective message, can't wait to dive in and make this work for me and my customers 🙂
Great information. Always learning from you.
Research customers and competitors then find the gold.
I am an entrepreneur. Liked what you said about knowing your avatar and researching your competition.
Another awesome podcast Anthony. This is another topic that I can relate to, and one that won't be forgotten.
I enjoy these videos because they provide sound advice from a demonstrate expert who lives his own advice.
Loving the podcast!Thanks for what you do, #AnthonyMorrison, and keep up the great work.
I really appreciate your ethical attitude. Thanks.
buying your competes products is interesting way to see what they really do. That could get kind of expensive depending on the product.
I love all these videos. Even if it's things we've heard before it's good to hear it over and over to reinforce it in our brains.
Great story about your hotline.
Thank you, Anthony.
#nevergiveup#crushit#onefunnelaway#staysafe
😇Thank You for your Awesome Mentorship Anthony. God Bless 👼
More simple, not easy, info to get ahead. Thank you Anthony..
A good thing to think about. You're a winner Anthony!
Thanks for that insight Anthony, just simple things to be different like the 24 hour hotline and how you saw the letters for the credit cards and advertised using those keywords. That's a perception shift man. Thanks for sharing! 🙂
Once again, a wise lesson to other's, and intelligent business advise for all listening to consider implementing, shared from Anthony's own experience. Never a wasted minute! Thank you!
thanks great vid
#PWA2019
Thank you Anthony. Your insight is priceless and I look forward to implementing this method to find better success.
Very important, Anthony. And very Good Advice.To be the Best, we must think of what we can do Differently than our competition. Thank you.And Now Is the best time to start a Home Business.
Studying your competition is definitely key. And, I think you offering 24 hr. telephone ordering is what made you succeed over the competition. So, while you were looking at what the competition was doing right, you also were looking for what they were doing wrong, their faults. And, capitalizing on their mistakes. A key component is knowing your customer! If your customer is someone who is at home or available during the day, that is different tan a customer who is available after they get off work. Question: I use to work in retail, and inventory can be a killer. Did you have to stock inventory, or were you able to have parts drop shipped from the various manufacturers you dealt with? Thanks for the video
Thank you Anthony for sharing your great knowledge! Yes, many now more than ever want to create their own business. Knowing why entrepreneurs fail can help all businesses, all the time. Many people want to start a business, but do not know about running the business. Be better than your competition, do things that set you apart from others. Why do I exist as an entrepreneur/ a business. How come anyone would care about my business? Study competition, great people, leaders, businesses, so you can model and learn from them. What is the competition doing? What can I do better than my competition so others will want to do business with me? Provide your customer with a great experience and opportunity to do business with you. Unique things in your business will help you succeed. Do what your competition is doing better than them. Do what your competition is not doing for their customers. There is no time like the present!