What is hindering your performance and success?  You didn’t plan on it taking so long to get “off the ground”.  The economy seems to be coming back, why isn’t the money flowing in?  These are some questions that have puzzled my mind as of late and I found an article written by Barry Selman, a renowned psychotherapist from Chapel Hill, who specializes in business coaching and consulting.  Here’s what he has to say:

5 Reasons Why Entrepreneurs Fail to Reach Their Full Potential

The entrepreneurs are thinking “inside of the box”. If an entrepreneur wants to move past the “dream it” state, they need what he calls “a vision of extraordinary possibility”.  My take on it:  Think creatively.  Don’t always consider the conventional ways of achieving your goals.  Move beyond the thoughts you had yesterday and maybe even out of your comfort zone.

Entrepreneurs need to let go of control. The ideal situation is for the entrepreneur to do the least amount of work possible while achieving the greatest amount of success.  From experience, this is the biggest problem for entrepreneurs.  Inherently “control freaks”, they want to micro-manage every detail.  It doesn’t work.  They need to “outsource” a lot of their daily tasks while spending their time on what they are good at (it’s not usually getting that last minute mailing out the door).  Outsourcing can often times be achieved through interns or high school students which can prove cost effective.

Entrepreneurs feel that they must do everything themselves. Selman says, “If you can’t let go of the decision process, you have probably started doing everything yourself.” Again, let go of some control.

Entrepreneurs have problems focusing on the task at hand. Not surprising, many successful business people and entrepreneurs have ADD.   They need to address their issues and learn to work around their  obstacle.  I’ve seen it happen in my own life.  Again, letting go of control and the need to do “it all” will help an “unfocused” entrepreneur concentrate on what he/she is good at.

Entrepreneurs who are failing to reach their full potential may have grown up in a dysfunctional family.  That being said, who hasn’t? Anyway, the issue here is that  according to Selman, “they often replicate those dysfunctional relationships in the workplace.”  He goes on to say, “experts in business coaching maintain that these dysfunctional relationships are a major reason that entrepreneurs fail to take their brilliant ideas any further than the idea stage.”

For more, visit: www.evancarmichael.com/Business-Coach

Dream it. Believe it. Achieve it.