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Some businesses grow through cold contacting while others succeed through word of mouth. Some businesses increase their sales by building out a sales team while others close all their sales. Among successful entrepreneurs, 42% said they had an excellent relationship with their accountant, while just 27% of those with failed businesses reported the same thing.
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Ultimately, successful business owners look for ways that they can learn from problems. Unsuccessful business owners look for someone to blame and learn nothing. There is a fine line between success and failure in business, and to enjoy the former over the latter, you should take the following principles to heart. A good work/life balance.
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We've all heard the u. s. 20% of small businesses fail in the first twelve months, and 50% in the first five years. They're real numbers, but the commonly cited reasons. One of the biggest things that separates successful business owners from the rest is how they think about challenges. Psychologist carol dweck calls it a growth mindsetthe belief that abilities and intelligence can be developed with effort and learning.
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