10 Reasons Why Many Creative Businesses Fail Within the First 3 Years – And How to Avoid Them

Hey, friend! Let’s talk. You’ve got this fantastic creative business idea, right? You’re passionate, talented, and ready to take on the world. But here’s something we don’t discuss enough, why many creative businesses fail  within their first three years! As one who has been in the creative business for over a decade, I can assure you that this issue can be avoided if you take the right steps. 

It’s not because people aren’t talented. I mean, you and I both know some insanely gifted creatives out there. But talent alone doesn’t keep a business running. There’s a whole business side to this thing, and if you ignore it, you’re setting yourself up for struggle.

I don’t want that for you. So let’s get into the 10 biggest reasons why many creative businesses fail—and, more importantly, how to avoid them.

1. Thinking Creativity Alone Is Enough

 

You’re good at what you do, I know that. Maybe you’re a fantastic fashion designer, an incredible artist, or a genius at making handcrafted pieces. But here’s the thing: being talented at your craft doesn’t automatically make you a great entrepreneur, nor does it mean you will begin to smash massive sales. I wish that would be the case, honestly. A lot of creatives struggle because they don’t understand pricing, marketing, or financial management. And before they know it, they’re burnt out, broke, or both.

How to Fix This: 

  • Learn the business side of things. Trust me, it’ll save you a lot of stress later. Take online courses, read business books, or even get a mentor.
  • Surround yourself with business-minded people. Join communities like Bellafricana’s creative family. Being around like-minded entrepreneurs makes a huge difference.
  • Treat your business like a business. That means tracking your expenses, knowing your numbers, and having a plan.

2. Poor Branding and Positioning

 

Let’s be real: if your brand doesn’t stand out, people won’t remember you. And if they don’t remember you, they won’t buy from you.

zero branding

Branding isn’t just about having a fancy logo or cool packaging. It’s about how people feel when they see your brand. Does your business have a clear message? Do you know what makes you unique? So, if someone comes across your social media page, what is that thing that makes you stand out, and how does your brand make them feel? 

 

How to Fix This:

 

  • Figure out your Unique Selling Point (USP). What makes you different? Why should people choose you over someone else?
  • Invest in professional branding. And no, I don’t mean just throwing a logo together in Canva. Your brand should have a consistent look and feel across all platforms.
  • Be consistent. Whether it’s your social media presence, your website, or even how you interact with customers, make sure your brand is instantly recognizable.

3. Inconsistent Marketing

I see this mistake all the time; in fact, I get bored when I see a post from an inconsistent brand. Another reason why many creative businesses fail is because they post once in a blue moon, then vanishing for weeks, how do you expect your customers to take you seriously? Or relying on word-of-mouth alone, hoping people will magically find your business. Really?

Friend, let me tell you: if you’re not consistently marketing, you’re losing money!

How to Fix This:

  • Create a content plan and stick to it. You don’t have to post daily but don’t disappear for weeks either.
  • Start an email list. Social media algorithms change, but emails go directly to your customers.
  • Consider ads. Even a small budget for Instagram or Facebook ads can get you in front of new customers.

4. Not Knowing Who Your Ideal Customer Is

You can’t sell to “everyone.” If you try to, you’ll end up selling to no one. If you don’t know who your ideal customer is, your marketing efforts will be all over the place. That feels like a lot of work; it’s better to know your ideal customers so you can streamline your effort in positioning your brand.

How to Fix This:

  • Get clear on your audience. Who are they? What do they struggle with? Where do they hang out online?
  • Speak their language. If your brand is fun and youthful, let that reflect in your messaging. If it’s more luxury-focused, make sure your branding and communication match.
  • Solve a problem. People don’t just buy products—they buy solutions. What problem does your brand solve?

5. Financial Mismanagement

work overload

Let’s talk money! Because I know that so many creatives avoid this topic. Mixing personal and business finances, underpricing your products, or spending recklessly can kill your business before it even gets a chance to grow.

 

How to Fix This:

  • Open a separate business account. Stop mixing business money with personal money—it’s a recipe for disaster.
  • Pay yourself a salary. Even if it’s small at first, get into the habit of treating yourself like an employee.
  • Track your expenses and income. You don’t need fancy software; Google Sheets can work just fine. But know your numbers.

6. Being Afraid to Sell

 

Feeling of distress

Let’s be honest, does selling make you uncomfortable? Do you feel like you’re being “too pushy” when promoting your products? I know a few business owners who felt this way when they just started out in their business.

 

Here’s the truth: if you don’t sell, you don’t make money. Simple. This is another solid reason Why Many Creative Businesses Fail.

 

How to Fix This:

 

  • Change your mindset. Selling isn’t about being annoying; it’s about offering value. I know nobody likes to be sold to, but if you truly believe in your product, why wouldn’t you share it?
  • Make irresistible offers. People love deals, bundles, and exclusivity. Give them a reason to buy now.
  • Engage with your audience. Don’t just post products—connect with people, ask questions, and create relationships.

7. Not Adapting to Change

 

Markets evolve, trends shift, and customer needs change. If you’re stuck doing the same thing year after year without adapting, your business will struggle. People fear change, and that’s a valid feeling; however, that’s not enough reason to remain stuck. 

 

How to Fix This:

 

  • Stay updated with industry trends. Follow influencers, read blogs, and watch what’s happening in your niche.
  • Listen to your customers. Their feedback is gold. Pay attention to what they want.
  • Be willing to pivot. If something isn’t working, change it!

 

 

8. No Business Structure

Business owner without a business structure Why Many Creative Businesses Fail

Running a business without systems is chaotic. It’s like starting out on a journey without knowing where you are going; any way may seem cool to follow. If you don’t have clear processes, things will slip through the cracks, and growth will feel impossible.

 

How to Fix This:

 

  • Set up simple systems for sales, customer service, and product fulfillment.
  • Automate where you can—use tools like Trello, Dubsado, or Zapier.
  • Document your processes so it’s easier to scale.

 

 

9. Trying to Do Everything Alone

Why Many Creative Businesses Fail, one reason is Burnout from working

You don’t have to do it all. Seriously. Trying to handle everything by yourself leads to burnout and slow growth. This burnout is one of the strongest reasons why many business owners quit because they can’t function at their optimal level.

 

How to Fix This:

 

  • Delegate. If social media isn’t your thing, hire a social media manager. If bookkeeping stresses you out, get an accountant.
  • Outsource tasks. Platforms like Fiverr or Upwork have freelancers who can help.
  • Collaborate with other creatives—it makes business more fun and less overwhelming.

 

 

10. Giving Up Too Soon

 

This one breaks my heart. So many talented creatives quit right before they start seeing results. Success takes time, and there’s no such thing as an “overnight success.” While others may have their business running from the onset, yours may take a slow pace, and that’s okay. In fact, giving up too soon may also be a result of comparison.

 

How to Fix This:

 

  • Be patient. Keep showing up, even when it feels like nothing is happening.
  • Track progress and celebrate small wins. Every sale, every happy customer—it all counts.
  • Stay connected to a support system. Surround yourself with people who encourage you to keep going.

 

 

Final Thoughts

 

I know building a creative business isn’t easy, but I also know you can do this, now that you know the reasons why many creative businesses fail. With the right mindset, strategy, and consistency, you can turn your passion into a profitable brand. Take it from someone who has scaled through the hurdles.

 

At Bellafricana, we support creative entrepreneurs like you with resources, visibility, and a community that truly cares. If you’re serious about growing your business, join our Visibility Membership and let’s make magic happen together.

 

Now tell me—have you made any of these mistakes before? Which one hit home the most? Let’s chat!

 

Effective Ways to Grow your Business and Get More Global Customers

One of the major goal of every business is to grow both nationally and globally in order to attract a large customer base and make sales; but honestly, making sales is one of the most important thing; for me of course, and I am sure you agree.

Push aside the question of how you can grow your small business into a large business and focus more on strategies to grow your business, and how to expand your small business in order to get more customers.

Although, one of the questions we forget to ask ourselves is if our business can actually succeed in the international market. The international market is quite competitive, but easy to break into. Thinking your business will survive globally does not necessarily mean it will. That is why you need a new strategy.

If you truly want to expand your customer base globally, then you need to focus on your business strategy and the growth of your business such that it attracts more customers. Click here to find out you can start the process of taking your business globally.

Before you launch a new strategy, take a minute to ask yourself: “Will this attract customers who will pay for my products?” “Will this take my business globally?” “Will I use this strategy in the long run?” and most importantly, “How will this affect my business?”.

If you have positive answers to these questions then go ahead but if there are loopholes, then worry not because I have some effective ways with you can grow your business and get more customers.

1. Do You Know Your Customer Base?

You just cannot grow if you do not know your customer base.

An entrepreneur who sells kids clothing cannot market to teenagers because they are not the ideal customer base but, an entrepreneur who sells video games and markets to teenage boys is bound to make sales. And with the right tactics, can retain them as customers.

In a business, new/existing customers breathe life into a business. Imagine a business without customers; it certainly cannot grow because they keep your company running as your business is “for them”.

As such, you should know who your consumers are. Know who you are targeting, think about their pain point and find out how your products can make their lives better.

grow your business
Photo Credit: brushyourideas.com

You should also avoid targeting everyone in the market and instead, narrow down your ideal customer. For example, imagine someone who sells iPhone cases targeting every phone user in the market when there are Samsung users, Techno users and so on. What if there are very few iPhone users in his locale? That means little or no business for him.

Few products interests a vast majority of people, and targeting everyone in the market will prevent you from making sales or even developing targeted strategies to attract customer. If you do not know your customer base then your business cannot grow because you will keep going after the wrong people.

2. Are You Making Use of Social Media?

Social media is such a powerful tool as it connects everyone around the world; making it the best place to reach a more global audience and market your products.

There are so many social networks to choose from. From Twitter to Instagram, Facebook, LinkedIn, Whatsapp, Snapchat, Youtube, Reddit, Tumblr, etc, you can practically market your products on different channels and expand your bsiness.

Bellafricana personally makes use of different social networks like Facebook, Instagram, Whatsapp and Twitter, with us also making use of IGtv on Instagram. If you have ever wondered how Bellafricana is always in everyone’s face, then you know now; because we use the power of social media.

grow your business: social media
Photo Credit: neilpatl.com

In order to reap all the benefits of social media, make sure you are on all of the major platforms (Facebook, Instagram, YouTube, Twitter and Snapchat), and are constantly updating all your social media accounts on a daily basis so it reaches a wider audience.

You also need to find out which social media works best for your business so you can promote more there while still using the other accounts. For example, a lot of people have more followers and make most of their sales on Instagram; but it does not stop them from using other social networks.

The best part of social media is that it is easier to engage with prospective customers thus building trust between you and your customers. It also makes it very easy for people to talk about and share your products and services thus putting it in the eye of a wider audience.

You can as well consider social media ad which is another great way to reach a wider audience because you can target a specific audience of your choice and have your products seen by thousands or even millions of people around the world. The effect of social media on your brand cannot be over emphasized!

3. Do You Use Testimonials?

You cannot build trust if there are no testimonials from people either on your social media account or your website. For the purpose of advertising and promotion, quality testimonials showing past customers review of your products or services attracts customers who may just scroll past your page.

If customers do not come to you with their experiences, go to them, ask for their experiences and use it. For example, if you teach digital marketing, you want to gather all the reviews from your past students on your website so your business looks as credible as possible. Did your student make 3 million Naira from an ad in less than two weeks? Use it!

grow your business
Photo Credit: orbitmedia.com

I own a skincare business on the side and whenever I get a review from a customer, one that is really good and credible, you better believe I will use that testimonial on my business page  to capture the attention of new customers and show people that my products are good.

Without testimonials your business is not likely to grow very fast so do not be humble about your accomplishments, post those testimonials and show the world what people have benefited/earned from doing business with you.

However, in the case where you own a website, where should you put testimonials? Well, you want to put it where people can easily see it. So it is best to put it on the product page or next to the product it mentions, and on your most popular page where everyone will see it.

4. Have You Created a Website?

Small businesses also need a website too. You are not likely to break into the global market if you are still operating your business on social media.

For the purpose of professionalism, owning a website/online store is just the way to go. Although, many people wonder how to grow their business online or what strategies they can use to grow their business. Click here to find out how you can grow your business online.

Thankfully now, almost everyone in the world owns a phone/laptop and can operate it. It has become much easier to search Google for what you need, which is where owning a website becomes useful as Google is likely to show websites in the search results than social media accounts.

grow your business
Photo Credit: wix.com

For example, if you search for Natural Organic Products, Google is likely to bring out www.beautifullynappy.com/ where you can shop for any organic product you want. Skincare entrepreneurs who still operate on social media are not likely to have their social media pages come up in the search results when online stores/websites are taking over.

Most people now trust online stores compared to social media stores because it seems more credible. So if you want to expand your business globally, you should consider having an online store/website. Or you can consider selling on other international market places like Amazon, eBay, etc.

Your online store/website is like your personal billboard where you can advertise your products in order to ensure your products are in the public eye. And with the right SEO techniques, you can ensure your website and products rank well on search engines.

The Connect Nigeria Business Mixer

[dropcap custom_class=”normal”] This month’s edition of the Connect Nigeria Business Mixer is almost upon us.
The Connect Nigeria Business Mixer is an event which gives business men and women the opportunity to build business relationships and grow their useful contacts base. It brings together people from diverse business backgrounds and involvements, and gives them the free space to meet up, interact and forge mutually beneficial ties… [/dropcap]
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