The misfires of gun entrepreneurs (and what you can learn from them)

a distressed man with pink hair is experiencing the misfires of gun entrepreneurs and what you can learn from them

When it comes to running your own show, there are so many moving parts. It’s almost inevitable that at some point you’re going to drop the ball. But what about big-shot entrepreneurs? Yep, they make mistakes too!

If you look around at famous entrepreneurs, you’ll see a few key blind spots popping up again and again. Here are some of the big ones we found:

Hiring the wrong people.

Whether you’re picking a co-founder or your first employee, it may surprise you to know that this isn’t an art – it’s a science. The key is to build a team that prioritizes diversity over similarity, and to do that you first need to understand the strengths and weaknesses of your existing team so you can hire people who fill the gaps. It’s also important to continue monitoring this as your business grows.


Elon Musk, CEO of SpaceX and Tesla:

“The biggest mistake that I’ve made, and I’m trying to correct for that, is to put too much of a weighting on somebody’s talent and not enough on their personality. I think it actually matters whether somebody has a good heart. It really does, and I’ve made the mistake of thinking that sometimes it’s just about the brain.”

Anita Roddick, Founder of The Body Shop:

“Another worst business mistake I’ve made is employing the wrong people. Just an appalling litany – I mean Harvard Business Review ought to do a case study of how many crap individuals we employed thinking they would shepherd the company in the right way, and they were absolutely wrong for the company. We didn’t spend enough time with the headhunters saying, ‘These are the kinds of people we want.’ In a way, we gave up to their intelligence how to find the right people.”

Not listening to your gut instinct.

Ever heard of a little device called an iPod? Well, while you could hardly call Sir Richard Branson a failed entrepreneur, when asked about his biggest mistake, he recalled the time he joked about a device called a ‘Music Box’ that would store all of your music. The failure to act on his gut instinct and create his idea cost him, and the rest is history. As Branson recalls:

“iTunes went on to change the music industry forever and resulted in the closure of Virgin Megastores. Perhaps not acting upon my joke and creating the Music Box for real was my biggest mistake!”

Yep, that one’s a corker!

Trying to do too many things at once.

Running your own business means wearing many different hats throughout the day. But as Neil Patel recalls, the key to his business success was to ditch multitasking and start focusing on one thing.

Neil Patel, co-founder of KISSmetrics:

“One of the biggest lessons I learned was not to spread myself too thin. Like other entrepreneurs, I love trying to do multiple things at once. But once I learned to focus all of my time and energy into one business, I was able to make it grow faster than all of my previous businesses.”

Failure to get started.

Just like going with your gut instinct, having more energy to start projects and keep things moving is something that can really skyrocket your startup to success.

Ryan Harwood, CEO of PureWow:

“The worst decision is indecision. When you’re an entrepreneur, you have to move quickly and go with your gut. Also, at the end of the day there is no right way or one way to run a business. I used to be so focused on doing things precisely like others who had success before me to avoid hitting snags, but that can ultimately hold you back. Ask questions, acquire mentors, gather knowledge and then make an educated decision and do what’s best for your business”

Wade Foster, CEO and co-founder of Zapier:

“The biggest lesson I’ve learned is ‘start now’. Almost every decision I’ve made that’s led to something awesome would have been way more awesome had I simply decided to start sooner.”

Being too much of a perfectionist.

Sure it’s one thing to do things right, but it’s another being a perfectionist when it comes to the finer details. In fact, it’s this over-focus on details that can cause entrepreneurs to fail to see the big picture.

Lewis Howes, lifestyle entrepreneur and creator of The School of Greatness podcast:

“I used to be so worried about how things looked that I was creating and how I thought people would perceive me if I ‘messed up’ with something. Truth is, that energy took me away from living my vision and creating something that people were inspired by.”


So there you have it, even well-seasoned entrepreneurs have blind spots. Time to find out what yours might be, don’t you think?

AI-powered coaching will help you and your team change the world.

Our programs were designed by world-renowned coaches. Sessions only take 5-15 minutes. Get started for free with your personalized program now.

My coaching Plan:

Our expert coaches have designed hyper-effective programs that will help 

you change the world.

Coach Marlee (your amazing AI-powered personal coach) will analyse your unique traits and goals to let you know which program to start with (and if there are any you should skip)!

Your recommended programs include:

Show more programs
Hide

My Coaching Plan:

Our expert coaches have designed hyper-effective programs that will help you improve your mental health, wellbeing, productivity, leadership and more.

Coach Marlee (your amazing AI-powered personal coach) will analyse your unique traits and goals to let you know which program to start with (and if there are any you should skip)!

Your recommended programs include:

Show more programs
Hide
A group of people representing team building

Team Building

Take your teaming to the next level in this high impact 9-week team coaching program with Coach Marlee. Discover and optimize complementary strengths and unique talents with your team, reach decisions together quickly, enjoy team cohesion, high energy and motivation as a bonded team.

icon of time
5 - 15 minutes
 per session
icon of a calendar
2 sessions per week
a person with a magnifying glass and sirkel representing attention to detail

Attention to Detail

Impress yourself and others with your attention to detail! Develop a genuine appreciation, energy and stamina for detailed thinking to execute your vision, measure performance in yourself and others while also accelerating your ability to learn and change.

icon of time
5 - 15 minutes
 per session
icon of a calendar
2 sessions per week
illustration of a person wearing a crown representing personal power

Personal Power

In this high impact eight week program Coach Marlee will help you increase your comfort and confidence to be in positions of influence and leadership, navigate organizational politics and also help you develop greater confidence to compete and influence at the top of your industry or field.

icon of time
5 - 15 minutes
 per session
icon of a calendar
2 sessions per week
illustration of a person with floating icons around representing multiplying your impact

Multiply Your Impact

Multiply your impact by embracing the experience and genius within others. During this eight week program Coach Marlee will help you to develop a genuine appreciation for experimentation and data and a willingness to empower the opinions, feedback and insights within your team and others in your life.

icon of time
5 - 15 minutes
 per session
icon of a calendar
2 sessions per week
illustration of a person thinking of a problem having a gut feeling about the answer

Trust Your Gut Feel

Explore, strengthen and stand by what you believe in at work and in life. Trust in your ‘gut feel’ and point of view is especially helpful for influencing, starting your own business, having your personal needs met and for living an authentic and meaningful life.

icon of time
5 - 15 minutes
 per session
icon of a calendar
2 sessions per week
illustration of a person looking on things with a wider persepective representing big picture thinking

Big Picture Thinker

Inspire yourself and others to see the bigger picture! Increase your comfort and use of abstract and strategic thinking to gain a broader perspective in work and life. Big picture thinking is key in communication, leadership, businesses, selling, marketing, and situations where you need to get the gist of things quickly.

icon of time
5 - 15 minutes
 per session
icon of a calendar
2 sessions per week
illustration of a woman sitting down and reflecting representing reflection and patience

Reflection & Patience

Develop ‘step back’ mastery for increased self-awareness and developing mindsets and tools for constant improvement. Reflection and patience is core to consolidating learning, development, strategic thinking, recharging and living an authentic and meaningful life.

icon of time
5 - 15 minutes
 per session
icon of a calendar
2 sessions per week
illustration of a person empowered for a fast start

Start Fast

Close the gap between your great ideas and starting them. Energy and drive for starting is key for inventing new things, starting businesses, selling, marketing, socializing or in situations where you need to think on your feet.

icon of time
5 - 15 minutes
 per session
icon of a calendar
2 sessions per week
illustration of a person cheering with hands in the air representing EQ increase

Increase EQ

Explore, develop or strengthen your emotional intelligence (EQ). Awareness of your and others’ emotions is at the heart of influencing, ‘reading people’, impactful communication, deep relating and authentic connection at work and in life.

icon of time
5 - 15 minutes
 per session
icon of a calendar
2 sessions per week
Person with a dart aiming at a target representing Goal Catching

Goal Catcher

Inspire yourself and others to see and achieve grand visions and goals. A focus on goals is especially helpful for inspirational leaders, starting your own business, impactful communication, or for achieving awesome outcomes at work and in life.

icon of time
5 - 15 minutes
 per session
icon of a calendar
2 sessions per week

Testimonials

Mike
This is some text inside of a div block.

“Always thought-provoking and well worth my time”

Craig
This is some text inside of a div block.

"The resources are awesome, I have referred back to them multiple times"

Show more testimonials
Hide
Trevor
This is some text inside of a div block.

“I learned to make real progress, take action, review”

Pinkie
This is some text inside of a div block.

“I discovered I need to be conscious of where I want to go - to get there”

Micky
This is some text inside of a div block.

“I found how to not give up!”

Patsy
This is some text inside of a div block.

“I learned to be organised and to have clarity of my target”

Kim
This is some text inside of a div block.

“The Team Building program was a great tool to get to know my team and to explore how can we improve our way of working”

Alessandro
This is some text inside of a div block.

“Blew my mind, had no idea how arrogant I have been. Total blind spot. I really like the multiplier stuff”

Related Articles

"Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare."

Name Surname

Position, Company name

"Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare."

Name Surname

Position, Company name

"Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare."

Name Surname

Position, Company name

"Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare."

Name Surname

Position, Company name

"Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare."

Name Surname

Position, Company name

"Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare."

Name Surname

Position, Company name

Head that contains a heart with line beating line.

Hack your wellbeing, productivity and goals

. . . with personal (or team) coaching!

Programs are created by expert coaches & delivered by our incredible A.I. Coach Marlee. Sessions only take 5-15 minutes and are 100% personalized to fit your unique traits and goals.
Try coaching for free
^ Click to chat with your AI coach!
v  CLOSE