10 Mistakes Standing Between You and Your First Million

Becoming a millionaire is not as hard as you may believe, but your lifestyle and behaviour may be pulling you down the ladder in your pursuit to making your first million.

If you are dedicated, focused and patient enough, success will become a recurring order in your life.

I am not only an entrepreneur but a worker on a monthly pay and as such making my first million was not so hard but bad investments came along the way. We all make mistakes but accepting your mistakes, learning from them and growing out of it to survive are part of a successful entrepreneur’s journey.

Upon a research I made, I found out that the most common mistakes entrepreneurs make is basically behavioural. Your lifestyle can depict your success.

10 Mistakes Standing Between You and Your First Million

John Rampton, an entrepreneur.com contributor confirmed these behavioural mistakes entrepreneurs make in one of his article and I have selected ten of such mistakes I believe is standing between the successes of every entrepreneur.

Below are the 10 major mistakes standing between you and your first million as an entrepreneur;

1. Not thinking the right way.

As Napoleon Hill discovered in his landmark 1937 book Think and Grow Rich, wealthy individuals think differently than the average person. After interviewing 1,200 of the wealthiest individuals in the world, self-made millionaire Steve Siebold agrees with Hill’s findings. They include:

  • They believe poverty is the root of all evil.
  • They recognize that selfishness can be a virtue.
  • They have an action mentality.
  • They acquire specific knowledge.
  • They dream about the future.
  • They follow their passion.
  • They enjoy challenges.
  • They use other people’s money.
  • They focus on earning, not saving.
  • They know when to take risks.

In short, if you want to become a millionaire, start changing the way you think about money and success.

2. Being too concerned about perfection.

Here’s one of the most important and valuable lessons I’ve learned in life –nothing is perfect. The sooner you accept that, the sooner you can move forward instead of being stuck in one place.

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Francis Nwokike

Francis is a Passionate Social Entrepreneur. Love discussing new trends in Business and Marketing. A Startup consultant. A good listener. Love to help that your business grow.

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