Why Most Businesses Fail: 5 Mistakes You’re Probably Making Right Now

No Bollocks with Matt Haycox

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 fail
• 0:30 – Reason #1: Not everyone is meant to be an entrepreneur
• 2:06 – Reason #2: Poor or no planning
• 2:55 – Reason #3: Cash flow issues—the silent killer
• 3:31 – Reason #4: Failing to adapt in a changing market
• 4:05 – Reason #5: Poor marketing and sales strategies
• 4:40 – Recap and actionable steps

Connect 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:

▶ Instagram :https://www.instagram.com/thematthaycox/

▶ LinkedIn: https://www.linkedin.com/in/matt-haycox/

▶ Website: https://matt-haycox.com/podcasts/
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Who Is Matt Haycox? - Click for BADASS Trailer
I’m Matt Haycox—entrepreneur, investor, mentor, and your go-to guy for no-bollocks advice on business and personal growth.

With over 25 years of experience building and funding businesses across industries, I’ve faced it all—wins, losses, and the ultimate comeback story. Through my podcasts, No Bollocks with Matt Haycox and Stripping Off with Matt Haycox, I cut through the bullshit to bring you real, actionable strategies and raw conversations with entrepreneurs, celebrities, and industry leaders.

Whether you’re looking to scale your business, secure funding, or avoid the mistakes I’ve learned the hard way, my goal is simple: to help YOU create YOUR success story.

Want more? Subscribe to my No Bollocks Newsletter and get weekly insider tips on entrepreneurship, strategy, and business growth—because learning in 10 minutes is way better than wasting years on an MBA.

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1. Introduction: Why Most Businesses Fail (00:00:00)

2. Reason #1: Not everyone is meant to be an entrepreneur (00:00:30)

3. Reason #2: Poor or no planning (00:02:06)

4. Reason #3: Cash flow issues—the silent killer (00:02:55)

5. Reason #4: Failing to adapt in a changing market (00:03:31)

6. Reason #5: Poor marketing and sales strategies (00:04:05)

7. Recap and Actionable Steps (00:04:40)