While a lot of the entrepreneurs I’ve met and mentored in the past decade have been successful, I’ve probably met as many, if not more, unsuccessful entrepreneurs. Each of them seemed to make a lot of the same mistakes — ones that could be easily remedied, but when left unaddressed, could mean the difference between success and failure.
Here are five signs you’re getting in your own way to success and how to move over and let yourself be the best you can be:
1. You’re unable to complete a task before starting a new one.
Some entrepreneurs just cannot finish. For whatever reason, it doesn’t matter how much time they have or how many resources are available to them — they can’t focus and get something done. Maybe it’s the fear that their final product could be better, or they’re worried it isn’t perfect and they won’t be able to make changes later.
But Seth Godin got it right in his book Linchpin: Are You Indispensable? when he wrote: “The only purpose of starting is to finish, and while the projects we do are never really finished, they must ship.” If you miss deadlines and are always late, in the end, you’ll have little to show for yourself.
I always say, if it’s 80 percent there, it’s good enough. Because: you must ship.
2. You micro-manage everything.
Unsuccessful entrepreneurs want to do everything themselves. They don’t believe anyone else can get a job done as well as they can. But even if they were actually right about this — which is doubtful since no one is good at everything — it’s an unsustainable business philosophy.
If you want to grow your business and become a leader, you’re going to have to learn to trust others. Everyone needs a support team — even the most competent people.
3. You’re always right.
I’ve noticed that it’s difficult for some entrepreneurs to admit when they’ve made a mistake. But if you fail to acknowledge a mistake, you miss out on a learning opportunity. Mistakes are stepping stones to success.
Ask for advice and admit when you’re wrong, so you can quickly move forward and do better.