Why Do Successful Entrepreneurs Eventually Fail?
You've heard the story time and time again. Maybe you have even experienced it yourself. A successful entrepreneur has it all going right. He or she has a great start up, the company is making money, hiring, expanding, and growing. Maybe it is their first company, maybe the second or third. Almost invariably, something goes wrong. The business tanks, it closes, maybe the entrepreneur even files for bankruptcy. Why does this happen so often?
There are, of course, a lot of theories as to why a successful person often ends up failing such as:
Gay Hendricks doesn't believe any of this, however. In The Big Leap, the bestselling author insists it is something else, something he calls the Upper Limit Problem. Basically, the Upper Limit Problem is a negative emotional reaction that occurs after anything positive happens to us. It not only prevents happiness, but actually stops us from achieving our goals.
The Stanford psychology Ph.D., who has coached more than 800 executives, says he has "never met a person yet who didn't suffer at least a little bit from it". And, even if you are incredibly successful, the Upper Limit Problem is still holding you back from achieving your full potential.
In The Big Leap, Dr. Hendricks describes the four hidden barriers that are at the root of the problem. He then discusses how to spot the problem in everyday life and break through any limitation to move from a Zone of Excellence, to our Zone of Genius. The book is also filled with stories of extraordinary achievers in business and the arts, as well as Dr. Hendricks' own personal stories of entrepreneurial failure and success.
The Big Leap is an easy and enjoyable read and I highly recommend it to anyone interested in having things go well in your life all the time. If you think that doesn't sound possible, take it from Dr. Hendricks when he says "I've proven beyond the shadow of a doubt that it is. The only relevant question is whether you will let it be possible for you. If you would be willing to accept that possibility, you're on the way to experiencing real magic in your life".
David Chitester
There are, of course, a lot of theories as to why a successful person often ends up failing such as:
- They got complacent and took things for granted. They thought they got through the hard part and now it would be easy going forward.
- They were lucky, even more than once, but now their luck ran out and their true business management skills were not sufficient to survive.
- The law of averages took over; no one can be successful all the time, so failure was only a matter of time.
Gay Hendricks doesn't believe any of this, however. In The Big Leap, the bestselling author insists it is something else, something he calls the Upper Limit Problem. Basically, the Upper Limit Problem is a negative emotional reaction that occurs after anything positive happens to us. It not only prevents happiness, but actually stops us from achieving our goals.
The Stanford psychology Ph.D., who has coached more than 800 executives, says he has "never met a person yet who didn't suffer at least a little bit from it". And, even if you are incredibly successful, the Upper Limit Problem is still holding you back from achieving your full potential.
In The Big Leap, Dr. Hendricks describes the four hidden barriers that are at the root of the problem. He then discusses how to spot the problem in everyday life and break through any limitation to move from a Zone of Excellence, to our Zone of Genius. The book is also filled with stories of extraordinary achievers in business and the arts, as well as Dr. Hendricks' own personal stories of entrepreneurial failure and success.
The Big Leap is an easy and enjoyable read and I highly recommend it to anyone interested in having things go well in your life all the time. If you think that doesn't sound possible, take it from Dr. Hendricks when he says "I've proven beyond the shadow of a doubt that it is. The only relevant question is whether you will let it be possible for you. If you would be willing to accept that possibility, you're on the way to experiencing real magic in your life".
David Chitester
Posted by David Chitester at 11/15/2011 2:39 PM 
Categories: uncategorized
Tags: gay hendricks entrepreneurs the big leap david chitester
Categories: uncategorized
Tags: gay hendricks entrepreneurs the big leap david chitester
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