In this episode of No Bollocks with Matt Haycox, Matt breaks down the harsh truths about why so many businesses fail and, more importantly, how to sidestep these common pitfalls. Whether you’re a budding entrepreneur or a seasoned business owner, this episode will challenge your mindset, help you identify key areas of improvement, and give you actionable strategies to thrive.As Matt says, “Being good at a skill doesn’t mean you’ll succeed in business. Running a business is a whole different game.” If you’re ready to get real about what it takes to survive and thrive, this is the episode for you.Key Takeaways:Not Everyone Should Be an Entrepreneur: Why being skilled isn’t enough and how to identify if entrepreneurship is truly for you.The Power of Planning: Why “winging it” isn’t a strategy and the key questions every business owner must answer.Mastering Cash Flow: How to avoid becoming the next statistic of businesses that go bankrupt despite being “profitable.”Adapt or Die: Lessons from Blockbuster and why staying curious is non-negotiable for long-term success.Marketing is NOT Optional: The harsh truth about why even the best products fail without proper promotion.Who is Matt Haycox?Matt Haycox is an entrepreneur, investor, and mentor with decades of experience building and scaling businesses. Known for his no-bollocks approach, Matt helps business owners confront hard truths and implement strategies to achieve sustainable growth.Timestamps:0:00 – Introduction: Why most businesses fail0:30 – Reason #1: Not everyone is meant to be an entrepreneur2:06 – Reason #2: Poor or no planning2:55 – Reason #3: Cash flow issues—the silent killer3:31 – Reason #4: Failing to adapt in a changing market4:05 – Reason #5: Poor marketing and sales strategies4:40 – Recap and actionable stepsConnect with Matt Haycox:▶ Instagram: https://www.instagram.com/nobollockswithmatthaycox/▶ LinkedIn: https://www.linkedin.com/in/matthaycox/▶ Website: https://matt-haycox.com/▶ TikTok: https://www.tiktok.com/@thematthaycox▶ Podcast: https://matt-haycox.com/podcasts/Subscribe for No-BS Business Tips and Millionaire Advice:  ========================Connect with Matt Haycox, No BS Business Podcast Host & 8-Figure Entrepreneur. I’m Matt Haycox, entrepreneur, investor, and your straight-talking guide to building a business that actually works. I’ve raised over £750M, built (and rebuilt) 8-figure companies, and learned the hard way what it really takes to win. On No Bollocks with Matt Haycox, I cut through the bollocks to bring you raw conversations with 7–8 figure founders, investors, and experts who’ve been there, done it, and got the scars to prove it. No hype, no theory, just actionable strategies you can use today to start, grow, and scale your business. Whether you’re stuck in your 9–5, building your side hustle, or trying to hit your first £100k month, this is your go-to podcast for entrepreneur tips, startup growth strategies, raising capital, building a personal brand, and avoiding the costly mistakes most founders make. 📩 Get Matt’s free business newsletter for weekly strategies, mindset shifts, and behind-the-scenes lessons → https://nobollockswithmatthaycox.beehiiv.com/subscribe ▶ Instagram – https://www.instagram.com/thematthaycox/ ▶ YouTube – No Bollocks Podcast - YouTube ▶ LinkedIn – https://www.li...

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