Is Being In Business for Yourself the Right Thing for You? -TPS254

There’s a reason why 80% of new businesses fail, and the reason often is that the business owner didn’t have either the skills or personality to make the business a success. In this episode, I talk about what it really takes to succeed in business – what you need to do and who you need to be.


  • It takes a certain kind of personality to be in business for yourself.
  • You have to be willing to deal with issues that come up internally and externally.
  • Dealing with uncertainty is one of the most important skills you need.
  • I talk about some of the uncertainties you have to deal with.
  • If you are borrowing money from others or bringing in investors, you lose a certain amount of your freedom.
  • If you require strict structure and certainty, you probably should not be an entrepreneur.
  • Discipline is essential for entrepreneurs.
  • It’s important to be organized.
  • You also need a lot of determination. Are you willing to do whatever it takes to succeed?
  • It takes inner strength to be in business for yourself.
  • If you aren’t taking care of your money, you probably won’t succeed.
  • Anyone who tells you is easy to build a business is lying.
  • Are you resilient?
  • Finding solutions often means asking for help.
  • The help you get many not always work out.
  • There’s so much competition that you have to know how to market.
  • I talk about dealing with fear and risk.
  • Are you willing to learn what you have to learn in order to succeed?
  • If you don’t like selling, don’t go into business.
  • I talk about the Hartman Values Profile which measures your critical thinking capacity.
  • It’s important to understand your internal world and how family-of-origin issues are getting in the way of your success.
  • It’s often difficult to recognize your issues on our own.


My Rapid Money-Issue Clearing + An Energy Boost

My Online Course, Financial Freedom Formula – A Holistic Blueprint for Success

The Hartman Values Profile for courses on many topics

Nick Loper’s Side Hustle Nation