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Can business success lead to business failure? Yes. I’ve allowed it to happen. Seven years removed from my time at one business, I had time to do an autopsy. Here is what I learned.

Episode 051: Autopsy of a Failed Business

One of my favorite authors, if you haven’t noticed already is Greg McKeown, author of the book, Essentialism. He writes about what he calls the clarity paradox. The question he asked is:

Why don’t successful people and organizations automatically become very successful?

He then presented four stages which moderately successful business often go through:

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Phase 1: When we really have clarity of purpose, it leads to success.

Phase 2:When we have success, it leads to more options and opportunities.

Phase 3:When we have increased options and opportunities, it leads to diffused efforts.

Phase 4:Diffused efforts undermine the very clarity that led to our success in the first place.

The business I was a part of at the time went throughall four phases. I’ll share our experience and give you a closeup view, an autopsy of our failed business.

Listen to this episode: 

Episode Links and Resources

BOOK: Essentialism by Greg McKeown

POST: The Disciplined Pursuit of Less by Greg McKeown

BOOK: EntreLeadership by Dave Ramsey

FREE BOOK: Who Will Change the World…if Not the Entrepreneur

Quote

Clarity is impossible through the eyes of fear.

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Next Episode

Join me for Episode 52 with Scott Barlow from Happen to Your Career. We discuss how to find work that you love, fulfill your calling, and much, much more.

Leave a comment

Has success ever led to failure for you? Which of these stages spoke loudest to you?

About

Matt helps online business owners and brands, small and large leverage the power of partners to grow their businesses. He teaches you how to make money as an affiliate and how to work better with affiliates. Entrepreneurs and companies such as Shark Tank's Kevin Harrington, Zig Ziglar, Ray Edwards, Brian Tracy, Lewis Howes, Shutterfly, Jeff Goins, and Michael Hyatt have trusted Matt to run their affiliate launches.

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