One of the biggest dangers I’ve seen with people and business is how they move forward when they have already experienced success. Not that success itself is the problem, but in some cases it’s the attitude it can bring. Many of those who have succeeded approach their business with a learners mentality. They want to find out about the business, try things out and if it works, they feel pretty good about themselves.
However, once some have had a taste of that success, they start to feel “overly optimistic” about their prospects, they forget about everything that gave them their initial prosperity and feel that they can do no wrong. They’ve already succeeded, the belief: “I can do it again.”
You’re probably familiar with the statistic that 9 out of every 10 businesses fail in the first 5 years. In my unscientific view I would completely agree with that. If you think that your success will be a continuous unending string of “King Midas touches”, that is when you’d better take a step back and take a good hard look at yourself. Just because you’ve had success in one venture doesn’t mean that...