Five Incredibly Simple Reasons Why Far Too Many Dedicated Entrepreneurs Still Struggle!
Okay, so in your extremely humble (albeit) expert opinion, why do so many extremely talented, dedicated and oh so savvy entrepreneurs still struggle (so mightily) to make ends meet?
Hold it! It’s not necessary for you to answer by releasing volumes one through five! Generally speaking. Granted, some will immediately respond with the usual (rant) about how an over bearing local, state or federal Government is the primary reason! And nobodies arguing that at times our friends in good old Washington ,D.C can and at times are simply a pain in the old seat covers!
Or that all those pesky taxes, never ending regulations and statutes and or fees are just a tad bit over bearing as well! Agreed! But those are sort out of our immediate control so to speak.
So while you’re pondering that, if I may, let’s just kind of address the never ending debate of tax the bloody corporations! That you always constantly hear being bandied about! Primarily by those that only buy from the corporations and not so much by those that both own and routinely shop at other corporations.
Mind you, there might be just a little push back against one man’s (oh so humble) opinion.
Anyway, let’s kind of put into perspective, who really (ultimately) pays whenever the Government (meaning) some of our overly ambitious politicians (constantly being egged on by their) vast majority of non corporation owning, entitlement driven mentality constituents, demand they “raise corporate” taxes!
And make those greedy capitalist (aka) exploiters, pay their “fair share! I’m sure you’ve heard the rap before! And who knows! Maybe before you came over to entrepreneurial side of the ledger, you may have even been singing the same tune as well!
Here’s Five Incredibly Simple Reasons Why Far Too Many Otherwise Extremely Dedicated Entrepreneurs Still Struggle!
Okay, just to sort put this “raise corporate taxes” rap to bed already! (News flash!) (aka) reality, check for all non business owners and or entrepreneurs and or solo-preneurs etc!
Whenever the Government raises a corporations taxes; it’s actually far more honest to say that; the corporation is merely the go between tax collector! But not the actual (eventual) tax payer!Huh? Exactly!
See in reality, two parties actually bear the real brunt of this sneaky little (totally misleading) financial maneuver that some overly ambitious politicians willingly use to no end to dupe their (shall we say) less financially sophisticated constituents!
Because the (ever so painful ) reality is; the share holders of the corporations (through lower dividends) and the employees of the corporation(through lower or stagnant wages), there the ones really take the hit! Huh? Nod your head cadets! Because it’s true!
Consumers may not necessarily have to automatically pay higher prices and or fees etc; because remember, there are constant supply and demand market forces at play here as well.
But the employees don’t receive steady wage increases (not as much) as they would anyway, if the corporation wasn’t forced to pay higher taxes!
And (according to most of the respected financial experts), they agree that it generally breaks down to the both the share holders and the employees of the corporation picking up 70% and 30% of the increases respectively.
The share holders typically receive lower dividends and the employees usually receive stagnant or lower wages.
(Now then; in the interest of time and in order to add a part two to this mini series. ) Let’s cover two of the first five points here and the remaining three in part two, okay?
1.) Reasons savvy entrepreneurs continually struggle # one: Far too many otherwise (extremely savvy) entrepreneurs, have a really hard time giving up any control and delegating some of the less productive processes and or assignments/projects to other lower paid employee and or associates.
For ex; (entrepreneur) it simply makes no sense (economically) or otherwise for you to be spending your extremely valuable time (hours on in mind you!) trying in vain to figure out “how to” use “Photoshop” software, in order to make some fancy header for your WordPress blog!
When you’d be so much better off heading over to fiverr.com (or having your VA (Virtual Assistant) head over there and have some qualified expert create your logo foe twenty dollars or less! And it’s done already!
2.) Reasons savvy entrepreneurs continually struggle # two: Or, you can’t continue to ignore the fact that by not taking the time (or effort) to properly train your in house staff, that their lack of basic business (customer service) skills is most definitely costing you missed opportunities and potentially tons of missed chances to salvage business!
That’s just two of the five. In part two, you’ll discover the remaining three reasons why far too many totally dedicated entrepreneurs still struggle! Til then; any questions? If not, see you in part two.
Please list at least two simple spin off concepts (in the comments section below) that you can apply to your business, product or service in the next 30 days or less!
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