Hosted By Paul Martinelli

004: 10 Steps to Failure

Paul Martinelli’s success in the entrepreneurial world is indisputable. But in this episode, he decides to shake things up a bit: Paul introduces us to some of the quickest ways to FAIL.

One key takeaway (among many) is that “failure is success’s constant companion.” Failure teaches us what NOT to do.

Paul’s repeated brushes with failure have helped him compile this clever “how-to” … in reverse.

Here’s Paul’s take on the top 10 biggest ways to fail:

  • 1 – Voicing opinions as facts. Opinions are based on thinking formed by core beliefs which may be limited.
  • 2 – Spending too much time on preparation rather than immediate action. Perfectionism impedes action. Mistakes are okay.
  • 3 – Following in someone else’s footsteps rather than forging your own path. There is more than one way to accomplish a goal. You need to find what works for you.
  • 4 – Thinking that saving leads to wealth and riches. You have to earn your way to financial security. Don’t focus on saving money, focus on making money.
  • 5 – Acting as if getting rich is a solo venture. Partner with people who share your vision and values and have gifts that differ from your own.
  • 6 – Believing that the more complicated things are, the better. False. Keep it simple. Just get started.
  • 7 – Not asking for the sale. Ask them right from the start, “What can I help you with TODAY?”
  • 8 – Failing to identifying distractions. We all have them. Identify them and take steps to remove them.
  • 9 – Forsaking your personal well-being. You don’t have time to take care of yourself. But do you have time to be sick?
  • 10 – Neglecting to invest in YOU. You have to invest in yourself if you want to grow. This may be the most significant step to failure one can make.

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