{"id":16016,"date":"2018-09-18T13:13:11","date_gmt":"2018-09-18T10:13:11","guid":{"rendered":"https:\/\/www.ibtdi.com\/?p=16016"},"modified":"2018-09-17T22:40:56","modified_gmt":"2018-09-17T19:40:56","slug":"why-do-not-entrepreneurs-learn-from-their-repeated-mistakes","status":"publish","type":"post","link":"https:\/\/www.ibtdi.com\/en\/why-do-not-entrepreneurs-learn-from-their-repeated-mistakes\/","title":{"rendered":"Why Don\u2019t Entrepreneurs Learn from Their Repeated Mistakes?"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/thumbor.forbes.com\/thumbor\/1280x868\/https%3A%2F%2Fb-i.forbesimg.com%2Famyanderson%2Ffiles%2F2013%2F04%2Fshutterstock_99137078.jpg\" alt=\"\u00d9\u0086\u00d8\u00aa\u00d9\u008a\u00d8\u00ac\u00d8\u00a9 \u00d8\u00a8\u00d8\u00ad\u00d8\u00ab \u00d8\u00a7\u00d9\u0084\u00d8\u00b5\u00d9\u0088\u00d8\u00b1 \u00d8\u00b9\u00d9\u0086 \u00e2\u0080\u00aaentrepreneurs learn from their repeated mistakes\u00e2\u0080\u00ac\u00e2\u0080\u008f\" width=\"572\" height=\"388\" \/><\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">We all know, one way or another, that starting our own businesses in the Arab world carries a significant risk. Around 60% of new companies close <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">their doors within their first five years. And those that survive aren\u2019t necessarily successful. As we know, almost all of them are just trying to stay afloat. When it comes to <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">technology startups with innovative products, more than 90% don\u2019t make it to their second year.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">\u0644\u0643\u0646 \u0645\u0627 \u0627\u0644\u0630\u064a \u064a\u062a\u0639\u0644\u0645\u0647\u00a0<a href=\"https:\/\/www.ibtdi.com\/en\/4-things-that-rich-entrepreneurs-do-not-talk-about\/\">\u0631\u0648\u0627\u062f \u0627\u0644\u0623\u0639\u0645\u0627\u0644<\/a>\u00a0\u0627\u0644\u062c\u064f\u062f\u064f\u062f \u0645\u0646 \u0641\u0634\u0644 \u0643\u0644 \u0647\u0624\u0644\u0627\u0621\u061f \u062a\u0642\u0631\u064a\u0628\u064b\u0627\u060c \u0648\u0644\u0627 \u0623\u064a \u0634\u064a\u0621! \u0641\u064a \u062d\u064a\u0646 \u0646\u062c\u062f \u0627\u0644\u0646\u062c\u0627\u062d \u0641\u064a \u0643\u0644 \u0645\u0643\u0627\u0646\u060c \u0625\u0644\u0627 \u0623\u0646 \u0627\u0644\u0641\u0634\u0644 \u063a\u064a\u0631 \u0645\u0631\u0626\u064a. \u0627\u0644\u0646\u062c\u0627\u062d <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">is common and celebrated, while failure is lonely. You see success in the moment, while failure drags on. But what\u2019s striking is that success seems like something <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Morale, but failure is clear to see.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2 style=\"text-align: center;\"><span style=\"font-size: 28px; font-family: 'comic sans ms', sans-serif; color: #00ccff;\">The First Reason Entrepreneurs Fail<\/span><\/h2>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">The latest surveys on why small businesses close their doors indicate that a lack of planning is the leading cause of their failure. When most <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">businesses start, we find that<a href=\"https:\/\/www.ibtdi.com\/en\/kind-of-entrepreneurs\/\"> \u0631\u0648\u0651\u0627\u062f \u0627\u0644\u0623\u0639\u0645\u0627\u0644<\/a> They are not interested in the details of the market or in gaining in-depth knowledge of it; in fact, more than 50% of them have not even carried out <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">the basic planning required before launching their startups. But isn\u2019t it clear that entrepreneurs need to devote more effort to strengthening their planning?<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">By contrast, the founder of Starbucks, for example, wrote a detailed business plan in 2003 to define, forecast, and manage the business through 2010. <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">These are examples of the power of planning. Few new entrepreneurs\u2014if they do not refer to this plan and what they learned from it\u2014will be recognized as entrepreneurs <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">in the first place, nor will their words be taken seriously. Perhaps we\u2019ll explain this in more detail in the near future, God willing.<\/span><\/p>\n<p>.<\/p>\n<h2 style=\"text-align: center;\"><span style=\"font-size: 28px; font-family: 'comic sans ms', sans-serif; color: #00ccff;\">The Second Reason Entrepreneurs Fail<\/span><\/h2>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">The second main reason startups fail is related to management capabilities. Companies that collapse before lasting five years often have <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">The reason is deficiencies or flaws in its products and services, failure to keep pace with new technologies, and a lack of sustained innovation within the company. Once again, I ask: isn\u2019t it <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">obvious to new entrepreneurs that they need to keep improving their companies\u2019 products and services, updating their technology, and sustaining innovation in their businesses?<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Companies like Google are seen as having owners and founders who are brilliant at developing their products, services, and new technologies. But few people can connect and align <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">the concept of Objectives and Key Results (OKRs) with the Deming\u2013Shewhart Cycle, which these companies use to manage their startups entrepreneurially.<\/span><\/p>\n<p>.<\/p>\n<h2 style=\"text-align: center;\"><span style=\"font-size: 28px; font-family: 'comic sans ms', sans-serif; color: #00ccff;\">The Third Reason Entrepreneurs Fail<\/span><\/h2>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Finally, the main reason entrepreneurs fail is tied to their entrepreneurial conduct and how well they handle challenges. An entrepreneur who does not anticipate the facts and outcomes usually <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">closes their company within five years. If you don\u2019t thoroughly research the information and data you need, or consistently track your goals, your company\/product<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\"> met with the same tragic fate. And once again, <a href=\"https:\/\/www.ibtdi.com\/en\/5-keys-for-developing-entrepreneurial-mentality\/\">Entrepreneur<\/a> At first glance, it makes sense that someone who doesn\u2019t anticipate outcomes and facts <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">about their company or seek the information they need won\u2019t develop the necessary adaptability and will struggle to lead a successful business.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">So it also makes sense to see Apple\u2019s founder driven to be faster and more appealing than his competitors, and Walmart\u2019s founder focused on<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\"> gathering detailed information about competitors, customers, and suppliers, as well as the conviction that drove Ford Motor Company\u2019s founder to build a car for the masses <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">using all the methods mentioned. But few people make the effort to understand what these entrepreneurs\u2019 actions mean.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">Ultimately, the reasons for failure always seem obvious to everyone. And because they seem obvious, we can treat them as an opportunity <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">to learn. Interestingly, the reasons for success are much the same\u2014but they only seem obvious when things are done well\u2026 So because of this <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">obviousness, many people fail to recognize and see the lessons learned.<\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">With so many obvious truths about failure, how long will you keep staring at what\u2019s obvious before taking the action your startup needs? <\/span><\/p>\n<p style=\"text-align: center;\"><span style=\"font-size: 20px; font-family: 'comic sans ms', sans-serif;\">I\u2019m not expecting a verbal answer. Answer the question with thoughtful plans and wise actions. Best of luck to all entrepreneurs.<\/span><\/p>","protected":false},"excerpt":{"rendered":"<p>&nbsp; \u0646\u0639\u0644\u0645 \u062c\u0645\u064a\u0639\u064b\u0627 \u0628\u0637\u0631\u064a\u0642\u0629\u064d \u0623\u0648 \u0628\u0623\u062e\u0631\u0649 \u0623\u0646 \u0625\u0646\u0634\u0627\u0621 \u0645\u0634\u0627\u0631\u064a\u0639\u0646\u0627 \u0627\u0644\u062e\u0627\u0635\u0629 \u0641\u064a \u0627\u0644\u0639\u0627\u0644\u0645 \u0627\u0644\u0639\u0631\u0628\u064a \u062a\u062d\u0645\u0644 \u0646\u0633\u0628\u0629 \u0643\u0628\u064a\u0631\u0629 \u0645\u0650\u0646\u064e \u0627\u0644\u0645\u064f\u062e\u0627\u0637\u064e\u0631\u0629. \u0648\u062d\u0648\u0627\u0644\u064a 60% \u0645\u0646 \u0627\u0644\u0634\u0631\u0643\u0627\u062a \u0627\u0644\u062c\u062f\u064a\u062f\u0629 \u062a\u063a\u0644\u0642 \u0623\u0628\u0648\u0627\u0628\u0647\u0627 \u0641\u064a<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":3,"featured_media":16031,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_ibtdi_aa_focus_keyword":"","_ibtdi_aa_secondary_keywords":"","_ibtdi_aa_audience":"","_ibtdi_aa_tone":"","_ibtdi_aa_summary":"","_ibtdi_aa_reviewer_name":"","_ibtdi_aa_reviewer_bio":"","_ibtdi_aa_reviewer_url":"","_ibtdi_aa_reviewed_date":"","_ibtdi_aa_service_id":"","_ibtdi_aa_related_ids":"","_ibtdi_aa_human_reviewed":"","_ibtdi_aa_disable":"","_ibtdi_aa_disable_links":"","_ibtdi_aa_sources":"","_ibtdi_aa_update_notes":"","footnotes":""},"categories":[491],"tags":[2185,782,1083,6765,4501,1681,1036,4988,793],"class_list":["post-16016","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-491","tag-2185","tag-782","tag-1083","tag-6765","tag-4501","tag-1681","tag-1036","tag-4988","tag-793"],"_links":{"self":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/posts\/16016","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/comments?post=16016"}],"version-history":[{"count":0,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/posts\/16016\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/media\/16031"}],"wp:attachment":[{"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/media?parent=16016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/categories?post=16016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ibtdi.com\/en\/wp-json\/wp\/v2\/tags?post=16016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}