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The 3 Reasons Young Entrepreneurs Fail and How to Avoid Them for The 3 Reasons Young Entrepreneurs Fail and How to Avoid Them for $1 : Under30CEO

The 3 Reasons Young Entrepreneurs Fail and How to Avoid Them for $1

| May 18, 2011 | 10 Comments

entrepreneur failure

Why are most entrepreneurs still living in their parent’s basement eating ramen noodles while the seemingly lucky few are making millions, creating huge impact doing what they love?

For 3 years Under30CEO has interviewed the most successful people on the planet.  We’ve failed ourselves multiple times and witnessed thousands of other businesses come and go, watching entrepreneur’s dreams dry up right before our eyes.

Our team has dedicated their lives to figuring out why most businesses struggle to get off the ground and exactly which resources young entrepreneurs need to combat the 3 major reasons for failure.

Every great business solves a great problem and we’ve built Under30CEO’s Membership Organization to solve young entrepreneurs biggest problems.

Reason for failure #1: Lack of Mentors: Let’s face it, finding knowledgeable mentors is incredibly difficult.  Most entrepreneurs end up asking a family friend or worse yet, sweep the questions under the rug and never ask them at all.  Do you want to ask your local pizza guy about running a business or do you want access to the brightest entrepreneurial minds in the world?

How Under30CEO’s Membership Organization solves this problem: Connect with Mentors

Virtual Under30CEO Meetings consist of Q+A sessions with a rockstar lineup of veterans who explain exactly how to avoid these failures

  • Creating an A-List Board of Advisers: Rod Kurtz, Editor of AOL Small Business
  • Bootstrapping on a Shoestring Budget: Mike Michalowicz, Author of The Toilet Paper Entrepreneur
  • How Gen Y Entrepreneurs Are Rocking the World: Donna Fenn, INC Magazine
  • How to Go from Corporate Prisoner to Thriving Entrepreneur: Pam Slim, Author of Escape From Cubicle Nation
  • Delivering Customer Service in a Self Service World: Barry Moltz, Speaker, Author, Consultant
  • Creating a Social Media/PR Plan for your Business: Jason Falls, Founder of the Social Media Explorer
  • How to Recession-Proof Your Business: Melinda Emerson, The Small Biz Lady

Reason for Failure #2: Lack of Collaboration and Referrals: Quite simply if you are the smartest, most connected person in the room, get out now!  Most don’t have access to a network of talented, experienced people to help them grow their business.

Under30CEO’s Membership Organization’s Solution: Surround Yourself with Top Talent

  • Your Personal Board of Directors: Under30CEO Roundtables are a group of 10-12 of your peers.  You need to have close confidants helping you through the trials and tribulations of growing your business.
  • Find Referrals within the Network: Attend our virtual networking events to expand your network and participate in specific agendas meant to help you find and make referrals.
  • Get Access to Talent: Under30CEO membership gets you unlimited postings on our job board. Technical talent is hard to find but we can help connect you with designers/developers.
  • Get Help from the Community: If you have a crisis in the middle of the night or need help promoting your business or blog who do you turn to? Get access to our forums or email our members 24/7/365.

Reason for Failure #3: Lack of Capital and Discounts: Young entrepreneurs start their businesses on shoestring budgets but often spend money in the wrong places.  They simply don’t know where to invest and where its okay to cut corners.

How Under30CEO’s Membership Organization solves this problem: Negotiate Deals/Discounts

Under30CEO has done the hard work for you.  Our members get access to exclusive deals with over 50 different vendors to save on electronics, travel, accounting, web services, dental plans and more.  Even get two free legal consultations per year from Under30CEO attorney Rachel Rodgers.

Featured Partners:

So what’s the deal?

At Under30CEO we’ve really hustled to put all this together for our readers and it’s only getting better. We truly believe that any business owner can transform their business through our membership. But we want you to make that decision for yourself with this limited time offer to try it out for only $1.

Check it out for $1

If you really like it and you want to become an official Under30CEO Member, we’ll automatically give you membership for an entire year for only $147 (about $12/month). It’ll just get charged to your credit card when your 30 day trial ends. If you’re not 100% satisfied you can cancel at anytime, no questions asked.

Act fast bonus:

Our next mentor session is Bootstrapping on a Shoestring Budget with Mike Michalowicz, Author of The Toilet Paper Entrepreneur, so come on board for only $1 and get a first hand look at one of our popular mentor sessions.

Try membership for only $1

Category: Startup Advice

  • http://twitter.com/LoganKKelly Logan Kelly

    Agreed. Having people to collaborate with as a budding entrepreneur is so important. Whether it is for advice or just someone to help inspire enthusiasm in your idea after a tough day. Check out this blog about the importance of perseverance. http://tinyurl.com/6ayr2k4

  • Anonymous

    I agree that having mentors and collaboration are important. I think there’s value in this concept, but my question is do you have members in my region and industry? For $1, I’ll find out.

  • Pingback: Under30CEO Membership

  • John Knight

    Typical persuasive article spun into being informative for the purpose of marketing:

    1. Each reason for failure happens to coincide with your services, as you are at pains to point out.
    2. No credible sources given (in fact, no sources at all).

  • http://Under30CEO.com Jared O’Toole

    Wasn’t trying to hide that fact at all.

    1. That was the point as this was the first ever public announcement of the organization. So yes we wanted to point out how our services can help your business

    2. The source as we say is Under30CEO and the 3 years and 1000′s of young business owners we have worked with. It’s fine if you disagree with the problem points we pointed out but those are the ones we have seen during that period.

  • http://Under30CEO.com Jared O’Toole

     Thanks for trying it out and looking forward to working with you to see what we can do together.

  • http://Under30CEO.com Jared O’Toole

    Thanks a lot Logan. Collaboration is critical in the early days. If nothing else just the support to make it through the roadblocks is huge! 

  • http://Under30CEO.com Jared O’Toole

    Thanks a lot Logan. Collaboration is critical in the early days. If nothing else just the support to make it through the roadblocks is huge! 

  • http://www.online-business-virtual-assistant.com/ Virtual Business Assistant

    Great post loved reading it. Having mentors will always motivate us to do right things it can be in both personal or professional life.

  • John Knight

    1. Mixing persuasive language with informative language leaves the reader feeling somewhat robbed. If you are going to provide an article about reasons why businesses fail, then set them out properly, with credible source material.

    2. Sourcing your own organization is the lowest form of credibility for any publishing. Where are the 1000′s of business owners you have worked with? Who are they? Did you use a standard technique to assess them? Did you provide a reliable metric for when one has “failed”? How about showing your actual research?

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