Get All Access for $5/mo

The 12 Ways Smart People Fail at Business An MBA or a high IQ doesn't guarantee you anything.

By Patrick Bet-David

Opinions expressed by Entrepreneur contributors are their own.

A lot of smart people come up to Entrepreneur Network partner Patrick Bet-David and say, "Pat, this business thing is a piece of cake. I'm an executive, and I have a degree from XYZ. I'm thinking about being a business owner, and it's going to be so easy for me." Then, they fail and wonder why.

In this video, Bet-David covers the 12 reasons why smart people fail in business. So, if you think you're the smartest person in any given room, check out this video to protect yourself from falling into one of these 12 traps.

Click play to learn more.

Related: Should You Keep Everyone in a Single Office or Hire Remote Employees?

Entrepreneur Network is a premium video network providing entertainment, education and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.

EN is partnered with hundreds of top YouTube channels in the business vertical. Watch video from our network partners on demand on Amazon Fire, Roku, Apple TV and the Entrepreneur App available on iOS and Android devices.

Patrick Bet-David

Entrepreneur Network Contributor

Patrick Bet-David teaches the fundamentals of entrepreneurship and personal development while inspiring people to break from limiting beliefs or other constraints and achieve their dreams. It has been referred to as “the best channel for entrepreneurs.” Learn more from Patrick's invaluable expertise and check out Patrick's new book Drop Out And Get Schooled: The Case For Thinking Twice About College.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Starting a Business

She Started a Business When She Couldn't Satisfy a European Craving in the U.S. — and It Made More Than $30 Million Last Year

Johanna Hartzheim, co-founder of baked goods subscription company Wildgrain, seized an opportunity to pivot during the pandemic.

Productivity

9 Habit Stack Routines To Boost Your Productivity and Improve Your Health

Consistency drives success. Eliminate decision fatigue and be most effective with these daily routines.

Business News

Google Co-Founder Sergey Brin Is Back at the Company 'Pretty Much Every Day.' Here's What He's Working On.

Brin publicly confirmed for the first time that he's back at Google and working on AI.

Business News

Who Are the Billionaires Backing Trump or Harris?

Bloomberg dug into its Billionaire Index to find out which candidates the super-wealthy are supporting.

Leadership

Why Aligning Your Values and Virtues Leads to Entrepreneurial Success

To successfully lead your business, it matters that your values take shape in your virtue