This archive report was first published on 5 December 2019.
Business Success Requires Focus, Presence, and Discipline ¶
Running a business is not as easy as most people believe. Unlike traditional employment, the effort you put in could determine your success or failure. You need focus, presence, and discipline in order to increase your chances of success.
According to Dr. Pesa, 80% of new businesses fail within their first year of operation. This is because many entrepreneurs lack the necessary skills and experience to run a successful business. Dr. Pesa advises entrepreneurs to focus on their strengths and areas of interest, and to be involved in the day-to-day running of their business.
Dr. Pesa also emphasizes the importance of discipline in entrepreneurship. As an entrepreneur, you have the flexibility to spend your hours as you wish, but discipline and having a plan will ensure you dedicate your time and effort where they are needed. Creating a timetable is a good place to start, and sticking to it will help you meet your obligations within the required time.
Dr. Pesa's tips are aimed at helping entrepreneurs like Cynthia, who has tried her hand in various businesses but has struggled to make them succeed. Dr. Pesa's advice is to focus on what you are good at, be involved in the day-to-day running of your business, and practice discipline in order to increase your chances of success.
Published on December 5, 2019.
