Why Most Entrepreneurs Fail to Reach Seven Figures
Why Most Entrepreneurs Fail to Reach Seven Figures
For many entrepreneurs, hitting seven figures feels like the ultimate achievement, a sign they’ve made it. But the reality is that most businesses never get there. The answer often lies in the entrepreneur challenges that arise when trying to scale. While building a six-figure business takes hard work, scaling to seven figures demands a completely different mindset, strategy, and approach.
If you’re aiming for that next level, understanding these common pitfalls and learning business scaling tips can help you avoid the mistakes that hold many entrepreneurs back.
1. Sticking to the Same Strategies
The things that helped you reach six figures might not work for seven. Many entrepreneurs make the mistake of sticking to old methods, whether it’s how they market, sell, or manage their team. To grow, you need to rethink your approach.
Tip: Focus on creating systems that can handle growth. Automate repetitive tasks and delegate work so you have more time to plan for the future.
2. Trying to Do Everything Yourself
A common problem is trying to handle everything on your own. As your business grows, this becomes impossible. Without help, you’ll end up burned out and your business will hit a wall.
Tip: Build a team you trust and delegate tasks. This lets you spend your time on the things that matter most for growth.
3. Not Having a Clear Plan
Scaling requires more than just working harder. Without a clear plan, it’s easy to get stuck or waste time on the wrong things.
Tip: Create a detailed growth plan with specific goals and steps. Check your progress regularly and adjust your plan as needed.
4. Being Afraid to Take Risks
Growing a business means taking chances—whether it’s hiring more people, spending money on marketing, or entering a new market. Many entrepreneurs avoid risks, worried they’ll make a mistake, but this can lead to missed opportunities.
Tip: Take calculated risks and learn from what doesn’t work. Every step forward, even if it’s not perfect, gets you closer to your goal.
5. Skipping Systems and Processes
At six figures, it’s possible to run your business without strong systems, but as you grow, the lack of structure will hold you back. Without systems, things get messy, and important tasks fall through the cracks.
Tip: Use tools that organize your business, like CRMs for customer management or project management software for teamwork. Good systems keep everything running smoothly as you grow.
Why These Challenges Matter
Reaching seven figures isn’t about working harder—it’s about working smarter. The challenges above are the ones that stop most entrepreneurs, but they can be solved with the right mindset, tools, and strategies. By facing these challenges head-on, you set your business up for real, sustainable growth.
Ready to Scale with Confidence?
Scaling your business doesn’t have to feel overwhelming. Inside the GoGet’Em Community, we help entrepreneurs tackle these challenges with business scaling tips, expert training, and hands-on support. Whether it’s setting up systems, creating a growth plan, or learning from others who’ve done it, we’ve got you covered.
If you’re ready to take the next step, join the GoGet’Em Community today and start building the seven-figure business you’ve been working toward.
About the Author
Gogo Bethke is a self-made entrepreneur who built her American Dream from the ground up. She leads #teamgogo with 1,500+ agents and her local team, Gogo’s Real Estate. Known as the “Social Media Queen of Real Estate” with 85,000+ followers, she was named one of SUCCESS Magazine’s Top 125 Most Influential People. Gogo runs The Circle ⭕ Mastermind for top entrepreneurs, is a TEDx speaker, and hosts the Gogopreneur podcast. In 2023, she launched the GoGet’Em Community to share the strategies behind her success and help others grow their businesses.
