Why Small Businesses Fail Reason #7 - Trapped in Day to Day Operations
In the video above, Dr. Paul Borosky, MBA, explains Reason #7 why small businesses fail—getting trapped in day-to-day operations. Many owners focus solely on daily tasks instead of strategic growth. He stresses the need to delegate, plan ahead, and eventually “fire yourself” to scale effectively through his Organize-Plan-Grow™ Strategy.
Transcript: Why Small Businesses Fail Reason #7
Introduction – Why Small Businesses Fail
So, why do so many small businesses fail? Here is reason number seven. Small business owners are all too often trapped in day-to-day operations, also known as putting out fires on a consistent basis.
The Problem – Stuck in Daily Chaos
Let's be honest, day-to-day operations are critical to the success of a small business—any small business. But there's got to be a time where you learn to let go. Too many owners spend every day reacting to problems rather than creating systems to prevent them.
The Solution – Fire Yourself
In other words, you need to plan to work yourself out of a job. So, from this, to grow your business, you need to fire yourself. Step away from being the “doer” and become the leader who builds people and processes that run independently.
About Dr. Paul and His Strategy
Hey all, Dr. Paul here, business consultant and creator of the Organize-Plan-Grow™ Strategy. If y’all are interested in more reasons small businesses fail, check out my short fable-based book. It's called Top 10 Reasons Small Businesses Fail: A Real-World Business Survival Guide.
Closing – Call to Action
It's available on Amazon, both in Kindle as well as paperback. And then, as always—go out, make a little bit of money, and don't forget to share your thoughts, like, and subscribe. Thanks.
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About Dr. Paul Borosky, MBA, DBA.
Hey all, Dr. Paul Borosky, MBA and DBA here. I am the founder of Quality Business Plan, creator of Dr. Paul's Organize-Plan-Grow Strategy, author of numerous published books on Amazon, such as Why Small Businesses Fail, and publisher of over 1,000 business focused videos on YouTube. For over 14 years, I have helped entrepreneurs and small business owners turn business concepts and dreams into tangible businesses through my business plan writing services, in-person and virtual business consulting, as well as with my financial models. My newest service, and one I am most excited about, is my part-time or fraction CFO/COO services, using my Organize-Plan-Grow™ Strategy. Regardless of your current business needs, whether you are just starting up or looking to grow, consider letting me help my your business a success!
