A Note to All the Struggling Entrepreneurs in the World

According the Small Business Administration, almost 90% of all businesses in America fail.

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You’ve gotta be a fighter to be a successful entrepreneur. What you are doing is far too important to quit. (Tweet That)

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When I heard that statistic, I wrote this in the hopes that someone, somewhere might read it. And that it would give them hope.

Dear Struggling Entrepreneur,

Fight. Don’t quit.

You’ve gotta be a fighter to be a successful entrepreneur. What you are doing as an entrepreneur is far too important to quit.

Entrepreneurship is hard. Just because you get to do what you want, where you want, and when you want doesn’t mean this is all cupcakes and lollipops. It’s hard.

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For most of human history, the success of a nation was 100% based on its fighters. It was based on military strength. That was where a nation’s power came from.

But not anymore.

Now a nation’s strength comes from business. And it mostly comes from entrepreneurs.

Most great innovation today comes from entrepreneurs and their companies. And innovation is what changes societies.

In America, entrepreneurs are the ones who will grow the economy, slash unemployment, end poverty, get people off welfare, and probably save marriages, decrease divorce, improve our schools, and cut the murder rate.

Think that’s a stretch? Well let me tell you about where I live.

I live near an area going through a rough stretch. The homicide rate in South Fort Wayne, Indiana is higher than almost anywhere in the United States. We passed the homicide count for all of 2012 by the beginning of summer this year. I said to a friend recently, “I wonder what would happen if most of these people had $1000 in the bank or had a business?”

His response was simple: “It would change everything.” Everything.

Entrepreneurship can cut the murder rate, cut childhood obesity, and who knows…end dandruff. Entrepreneurs are the ones who will fund a cure for cancer, AIDS, and who knows what else…end the common cold.

And its not just in America. In fact, it’s even more important in emerging markets.

Big corporations paying $0.10 an hour are not going to transform Rwanda, the Congo, or Eastern Europe. It’s going to be entrepreneurs. We’re the ones who will change the world.

So keep fighting. Don’t give up and don’t get discouraged. This world needs you.

The world does need entrepreneurs. It needs entrepreneurs who don’t give up, who keep fighting, and who don’t stop until they leave a legacy.

What would you say to a struggling entrepreneur?

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  • David Mike

    I need some blue face paint and a horse! Very inspiring. Thanks for the perspective, this is one of the reasons I facilitate FPU. Freedom to make decisions with your money, changes the decisions you make with your money. This in turn changes the way you look at life and the way you look at others.

    • Geoff Franklin

      They may take our lives, but they’ll never take…our business!

  • brentmkelly

    Very inspiring and encouraging Matt. I think the importance of entrepreneurs is often overlooked. We need creative, passionate, motivated people to make the country shine. Thanks.

  • I left my “good corporate America job” a year ago to start a local media/web marketing business in my community. It has not been easy. I told my pastor last night that I was thinking about a part time job, he said, “Man, I thought you were going to build a business? Are you gonna quit?” This was his way of reminding me that I made a commitment, and to never give up. He understands the importance of local business in the community.

    • You’ve got a good pastor. That being said, there is nothing wrong with getting a part time job or doing some consulting on the side to help build it.

  • A year ago I thought of myself as a good “employee”. I like the paycheck and the benefits, I like the fact that someone else carries the burden of bringing the money in. The more I get involved with this community and others in my tribe, the more I realize the possibilities of being an entrepreneur. The thought terrified me because I saw my father own a business and fail and lose everything. As I step into this adventure, I realize that it doesn’t have to be all or nothing. There are smart ways of going about it. There are mentors and peers willing to help. There are thousands of bits of information everywhere on how to be successful. And there is the promise of having the freedom to change the world.

    • One of the most authentic and awesome comments I’ve ever read Lily.

      I sense you will do it the right way, at the right time, and will knock it out of the park.

  • Katherine Leicester

    “Walk with me. We’ll fight together.” That’s what I’d say. Courage begets courage.

  • “Don’t give up! Don’t ever give up!” Jimmy V

  • There are so many reasons for struggle in the make-your-own-way business world. Not enough customers, not enough time to do the work, not enough know-how to do the marketing, not enough money to hire help, not enough experience to avoid stupid mistakes. . . Dang. I think I’ll go lie down for a bit.

    Wait – “nevuh nevuh nevuh give up” – Winston Churchill.

    Guess I’ll pick up my pencils and keep trudging ahead.

    Thanks, Matt!

    • “Guess I’ll pick up my pencils and keep trudging ahead.”

      That sounds like a great plan Jana!

  • Zvonko

    Matt, Matt, Matt,

    It’s so rare to find words of encouragement like yours that inspire, or recognize the leadership vision to put this out there. In a desert where the sand is made of greed, conformity, fear, and apathy, you are like an oasis – with water, fruit, bourbon, and fits of laughter. Well done!

    I know those that have already commented have acknowledged the magnetic effect of your words, and I hope it guides you well. As per Pareto, many more were touched.

    So where do you/we go from here? How about a forum that can be shared with anyone that genuinely is passionate about making a difference. Imagine a database driven virtual reality where determined, passionate and good entrepreneurs could easily find resources to help them get to their goals – and establish support mechanisms to collectively grow and nurture a community of entrepreneurs world wide. Believe me, the world is screaming for this right now.

    Anyone up for it?

    Anyhow, just sayin’ what could be. But if not for Matt, I wouldn’t have written it.

    Cheers Matt, and keep going! I think you’ll find this type of presentation has a larger audience than you’ve imagined yet. Thank you, danke, merci, 謝謝, Makasih ya, どうも, Спасибо!, Ευχαριστώ, Gracias, Gratias tibi ago, Go raibh maith agat, شكرا, and from Aus, “a shiela would have to be bonkas to kick him ‘outta bed if he farted – he’s alright”…….. (;-)

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