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Every week, I come across people who want to follow in my entrepreneurial footsteps. Although I don’t think I have accomplished much for my age, I am always open to helping other people out.

But one thing that I have been realizing is that most of you won’t succeed because you just don’t have your head screwed on tight enough.

Here is why I think you won’t succeed:

Reality Check #1: Learn how to manage money

I recently hung out with a few young adults who are looking to grow their careers. They are sharp, smart, and hard working. The problem is they don’t know how to manage their money. They’ve maxed out on their credit cards, and they don’t have much money in their bank accounts. Yet, they’ll spend $150.00 on luxury services.

If luxury services make you happy, by all means, get them. But you should not be spending money on things like that when you have large amounts of debt. I personally didn’t indulge in luxury items until I was making over six figures in income.

I am not trying to tell you what you should or shouldn’t do with your money because at the end of the day it is your life and you should do whatever makes you happy. But if you want to succeed in business, you need to learn how to manage money. If you can’t pay your bills on time, pay employees or learn how to collect checks, you’ll run into a lot of cash issues. Without money, you won’t be in business for long.

Reality Check #2: Don’t take opportunities for granted

Just last month I got a hair cut from a great hair stylist who seemed to have more clients than she could deal with. She wanted to expand her business and open up a decent size salon. I offered to meet with her and potentially invest in her idea if she could come up with a plan that made sense.

To make a long story short, I met with her, but she came unprepared. I offered her a second chance by telling her to get back to me with a plan, but I still haven’t heard anything from her.

Had she not squandered the opportunity, she probably would have had the money she wanted to create the salon of her dreams. I already knew that she was a good hair stylist and that she would have clients as she already had more than she could deal with.

No matter whom you meet or what people offer you, don’t ever take things for granted. You never know who can help you out and what they can do for you.

Reality Check #3: Ideas are a dime a dozen

Every week, I literally get a handful of people who want feedback on their business ideas. These are ideas that people are passionate about, but they never execute.

For example, six months ago I had a gentleman come to me who wanted to create a cloud-based storage service for people who watch pornographic content. Think of it as a Dropbox, but for porn.

Although the idea sounded great, he never did anything with it. If you want to succeed, you have to execute. Things like ideas don’t matter; execution does. This is the reason why companies like Facebook, Twitter and Groupon are doing so well. They are able to execute.

Don’t waste your time telling hundreds of people your business ideas; just get out there and implement them.

Reality Check #4: Communicate, communicate, and communicate some more

My generation loves to text-message and use Facebook. But what they suck at compared to the other generations is responding to emails and answering phone calls.

In my experience, the number one reason people miss out on an opportunity is because they are horrible at communicating. More importantly, they are horrible at communicating through the normal channels most business folks are used to: email and phone.

Make sure you are on top of things and that you respond to people in a timely fashion. It will make you look great, and it will help you keep your clients happy.

Reality Check #5: Emotions and business don’t mix

If you know me, you know that I am not an emotional person. Most things are either black or white to me, and I always do what is best for my business.

Author: Herbidex Teasler

Aderibigbe Abiodun , is a Blogger, Internet Marketer, Programmer, Web Developer, and the C.E.O of

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