Most Entrepreneurs Fail, Here’s Why
The Importance of Pre-Engineered Systems in Entrepreneurship.
Entrepreneurship is a thrilling journey filled with unique challenges and remarkable rewards.
However, statistics show that a high percentage of startups fail, and often, the primary cause of this failure can be traced back to one common flaw.
The majority of entrepreneurs stumble when it comes to setting up systems for their businesses. Let me shed light on this prevalent issue and why it is so critical.
Here’s what typically happens.
These budding entrepreneurs scan their surroundings, studying other enterprises that seem to be flourishing.
They observe the operations and tactics that these successful businesses utilize, and they attempt to mirror those systems or processes.
The concept appears sound, but it’s a strategy that’s fundamentally flawed. It’s tantamount to constructing a vehicle from the best parts of different cars.
Let me elaborate on that analogy.
Imagine I approach you with an ambitious proposal, stating, “We’re going to construct the world’s best automobile.” Exciting, right?
So, how do we proceed with this ambitious endeavor?
We could, perhaps, procure the chassis from a Volvo, renowned for its robust safety features.
Then, we might source the plush, luxurious interior from a Mercedes-Benz. After all, it’s synonymous with comfort and opulence.
What about the engine?
A Lamborghini’s engine is the epitome of power and performance, so we decide to incorporate it into our vehicle. We then complete the assembly with a reliable, efficient transmission system, maybe from a BMW.
So, what do we get when we bring together these supposedly best-in-class systems?
Unfortunately, not the supercar of our dreams.
Surprisingly, what we end up creating is not a functioning vehicle but rather a disjointed hodgepodge that can’t even start. It’s a Frankenstein of an automobile.
Why is that, you may ask?
Well, none of these parts were originally designed to work in harmony with each other. The car, despite its seemingly superior components, fails to operate as a cohesive unit.
This analogy perfectly illustrates what can happen when you create systems and processes for your business without due consideration for how these systems interlink and work in unison.
Here’s my advice for you: proceed with caution when you’re setting up your business’s operations.
It’s essential that your systems and processes have been pre-engineered, designed from the get-go to mesh well together.
This means comprehending how all the parts of the system will fit together to ensure that, in the end, everything functions seamlessly.
By pre-engineering your systems, you are setting up your business operations to work in perfect harmony, like a well-tuned orchestra.
In doing so, your business can avoid the fate of becoming a dysfunctional ‘Frankenstein’.
Remember, it’s about working smarter and more cohesively, rather than merely emulating the ‘best’ parts of other enterprises.
Your goal should be to build a thriving business that operates efficiently, effectively, and consistently, giving you the results that you’re after.
So don’t just copy systems. Understand, innovate, and integrate systems that work best for your unique entrepreneurial journey.
After all, the greatest businesses are those that march to the beat of their own drum.
— —
