The 5 “Valid” Reasons We Give To Ourselves To Justify For Slow Business Growth - Episode 149

“If you think that you can grow a business just by cruising along or believing what some other entrepreneurs are saying—that it only takes very little time, very little effort, and very little money to start, grow, and sustain a business—I’m here to shake you with some tough love: some of it is true, and some of it is totally false,” says May Yeo Silvers. In this episode, she dives into common excuses that hinder entrepreneurs, particularly in the event planning industry, and offers practical advice to overcome them.

 

May debunks the myth that minimal effort, time, and money are enough to succeed. She identifies five common “valid reasons” entrepreneurs cite for their lack of progress: family priorities, lack of funds, insufficient skills, absence of high-paying clients, and limited market potential. For each, she provides actionable solutions:

 

1. Family Priorities: Emphasize time management, set boundaries, and seek support from loved ones.
2. Lack of Funds: Scrutinize spending habits and make short-term sacrifices to fund the business.
3. Insufficient Skills: Focus on continuous learning and leverage existing strengths.
4. Absence of High-Paying Clients: Evaluate pricing strategies and market to different areas if necessary.
5. Limited Market Potential: Conduct market research and adapt to the local economic landscape.

 

May’s insights are grounded in her experiences and lessons from her business coach. She encourages listeners to reassess their beliefs, conduct self-audits, and make necessary sacrifices to achieve their business goals. 

 

Quotes

• “If you think that you can grow a business just by cruising along or believing what some other entrepreneurs are saying—that it only takes very little time, very little effort, and very little money to start, grow, and sustain a business—I’m here to shake you with some tough love: some of it is true, and some of it is totally false.” (01:37 | May Yeo Silvers)

• “Every single one of these valid reasons comes with a valid suggestion and solution. If you’re giving yourself reasons why your business is not growing as fast as you want, I need you to listen to this episode many times and start asking yourself all the hard questions.” (36:22 | May Yeo Silvers) 

• “Audit yourself. Do you have the wrong beliefs? Are you believing things that hinder your growth? Are you willing to make the sacrifices that will help you grow? Do you really want what you said you wanted? Because if you don’t, there’s no point in making all these sacrifices. So, this is what I mean by having a vigorous and rigorous self-audit in the evolution of your mindset, your goals for your business, and the goals for your life. What has changed? Did priorities change? Did your desires change? Because all this will impact how much time, energy, and sacrifice you’re willing to put in to attain what you say you want in your business.” (36:45 | May Yeo Silvers) 

 

Links

If you already have the event skills, NOW is the time to invest in learning business skills. Look no further, as our $24 for 24 course bundle has you covered! 

 

I had intentionally chosen the best 24 courses in my year long mentorship program curriculum to help newbie “EVENTrepreneur” get a taste of what it’s like to build a business. The courses are robust but not overwhelming. It is also very well rounded as it covers pricing, marketing, sales. business legalities, mindset and productivity. 

 

Click this link for more info on the 24 course for $24 Business Kickstart Bundle!

 

Connect with May at: may@events4anyone.com

Website: www.mayyeosilvers.com

LinkedIn: https://www.linkedin.com/in/mayyeosilvers/

Facebook: www.facebook.com/mayyeosilvers

IG: www.instagram.com/mayyeosilvers

TikTok: https://www.tiktok.com/@mayyeosilversofficial

FB private group: https://www.facebook.com/groups/events4anyone

Podcast production and show notes provided by HiveCast.fm