How to Become a Successful Entrepreneur on the Web
February 27, 2010
Becoming a successful entrepreneur in the online world is no different than becoming a successful entrepreneur in the brick-and-mortar world. Both tasks require vision, determination, and hard work.
The online world of the web offers many exciting opportunities for entrepreneurship because it is fresh, new, and exciting. The cutting edge of development has always been the most fertile ground for growing a new enterprise. In the 1800’s, the new frontier was the American west and many fortunes were made there. In the 2000’s, the new frontier is the web, where many fortunes have yet to be made.
Jeff Bezos of Amazon.com is worth 4.85 billion dollars. Pierre Omidyar of eBay is worth just over seven billion dollars. David Filo and Jerry Yang of Yahoo are both billionaires. These men made fortunes on the web, and so can you.
The path to becoming a successful online entrepreneur has changed in the last few years. The over-optimism which characterized the late ’90s and ultimately led to the subsequent crash in the technology sector has matured into a cautious and reasonable optimism grounded in traditional business values.
The party is over; it’s time to get to work.
Entrepreneurial Emotions or It Seemed Like a Great Idea at the Time
January 29, 2010
It’s your first business or the next Great Idea in your ongoing business, online or offline, it doesn’t matter. The roller coaster ride is a theme and variations on the same experiences. First the exhilaration — THIS idea, or THIS business is THE one. It’ll put you on the map with lots of money in your bank account. It can’t fail. It’s just too good. Have you said this? More than once? I have, and several times during my life, with numerous businesses and varying levels of success.
Then comes implementing the idea. The rubber meets the road. One great entrepreneurial joy is having a terrific idea in the shower, and implementing it by noon. The pieces of The Great Idea flow over you like warm water in the shower, feeling just as wonderful, inviting you to stay in that delicious place forever.
WHAT’S NEXT
Seven Key Qualities of Successful Entrepreneurs
December 29, 2009
A recent poll conducted by Forbes magazine shows that majority of its readers would prefer to become a billionaire rather than a Nobel peace prize winner, a great scientist or a famous athlete. There is no secret that most of the average people dream about getting rich albeit very few makes any real effort to become one.
According to statistics, more than 100 thousand people become millionaires each year in the United States alone! Overwhelming majority out of them is self-made and owners of business. This means, if you would like to pursue your goal of becoming rich, you have to start your own venture.
Becoming an entrepreneur is not an easy task! There are certain qualities that are absolutely necessary if you would like to become successful in your business ventures. Some of these qualities are built-in parts of your inherent personality, and some of them get developed over time. Knowing these characteristics and identifying your weak ones - those, which need strengthening - will, eventually, help you become a successful entrepreneur.
1. Common Sense
Studies show that most successful businessmen consider common sense as the foundation of their success. Common sense is defined as an ability to make sound judgments on the issues, which you encounter in everyday situations.
Are You an Entrepreneur That is Starved for Time?
December 3, 2009
Being an entrepreneur and running a successful home-based business is stressful at times, and can be hectic. Success within a home-based business though, absolutely demands time management skills, or the chores that need to get done will be left undone, and procrastination, as well as a serious “personal time deficiency” will occur.
Several studies have shown that many first-time entrepreneurs spend too much time on “non-essential” activities within a business, activities that have nothing to do with business, or that have little impact on business success. At the end of each business day (when it finally ends), they are left feeling stressed out, burned out, separated from their personal lives, and worse yet, with a feeling of non-accomplishment and inefficiency.
You probably have met entrepreneurs like this occasionally in your own life. They constantly seem “busy”, yet they are constantly late for appointments, don’t ever have time to attend personal activities or outings, and are always stressed out about what still “needs to be done” each and every day!
The Entrepreneurs Prayer
November 3, 2009
As I awaken with the gift of yet another day and prepare for the tasks at hand, I offer up this most ardent prayer:
I pray for continued clarity of purpose so that I may hold my vision steady and keep my focus on the needs and success of others, which in turn shall bring me my success.
I pray for the wisdom to expect abundance in my life, that it surrounds me and is available for the taking and to be shameless and unapologetic upon its receipt, for I deserve abundance.
I pray for a cheerful countenance, be it clear or cloudy skies and that I may radiate and infect others with my positive attitude.
I pray for the trust of others that they may recognize my sincerity and true intentions so that we may move forward together.
I pray for the strength to fend off adversity and use my desire and determination as both weapon and shield.
I pray for the courage to carry forth my convictions during the battle of business and to resist temptation to a quicker monetary result when such temptation compromises these things for which I stand.
Entrepreneurs: Benefits vs. Features-Know the Difference!
October 8, 2009
Entrepreneurs know their business. They know their product, their service. Many of them write creative Web sites. But, one thing they are not as adept at is promotional copy.
It’s not the book, it’s the hook! It’s not the beautiful Web site, it’s the one with benefit-driven headlines that lead your visitor straight to your sales message. What you say outside the book covers matters. What you say about your service on your site must be so much more powerful than your pleasing personality or mission statement.
Always promote with benefits over features. Benefits show the value of your products. They solve your particular audience’s problem! They tell your clients and customers what they will gain–and what they will lose from your product or service. Some common benefits include: more money, less trouble, more time, less stress, desirable relationships, less drama and trauma, and more zest and energy, less fatigue.
Apply this Essential “Hot-Selling Point” Before you Write:
1. Write down a list of 5-10 benefits of each product and service. Think about your number one benefit your book or service solves. For example, your clients and customers don’t want to know only how to get their book written, they want to know why should they write it? How much will their business thrive from putting that effort out? Will they get more credibility, more trust, and more lifelong income?
Be an Entrepreneur
September 8, 2009
The Department of Labor predicts that the #1 employer in 2010 will be "self." A recent Internet poll of 25-44 year olds revealed that 90% of them hoped to own their own business. A survey conducted by Ernst & Young found that 75% of influential Americans believe that entrepreneurship will be the defining trend of the 21st century. Some of the factors that have attributed to the rise of the modern day entrepreneurial spirit are access to technology, a global economy, and corporate stagnation.
Many workers have experienced feelings of discontent, which are likely due to the upsizing, downsizing, and right-sizing of corporations. But whatever the reason, modern workers want to have more control over the work they do. And they want work that is meaningful and important to them. Now is a great time to become your own boss. In fact, the number of Americans who are running their own businesses will continue to grow as we move further into the millenium. As workers’ values are changing and people want more time to do the things they love with those they love, having employment that allows for a greater balance in their lives is critical to today’s worker.
Youth Entrepreneurship, A Disappointing Truth
August 12, 2009
The psychology of entrepreneurship can be very rewarding to one who dreams of starting their own business. The freedom of being your own boss has billions of people seeking financial independence and other entrepreneurial expectations. But is entrepreneurship for everyone? Are their any restrictions on who can become entrepreneurs? Sadly, the answer is yes. Many people turn their heads when it comes to assisting young people with business projects, they believe age plays a vital part on the success of an entrepreneur, this in some cases causes the entrepreneur to abandon their dream.
Youth entrepreneurship has great wealth to it; it keeps youth out of trouble, adds growth to the economy, and establishes the opportunity for a better future of business to come. Youth is the age of anyone who is looked upon as young. Young entrepreneurs face many weighty problems such as obtaining start -up capital, leasing property, equipment and so on. When in grade school students were taught to plan for the future because they were the future. But if the present fails to make way it would be destroying the upcoming economy at an early start.
Should You Write Your Own Business Plan?
July 13, 2009
If you are just starting a company and looking for funding, or looking for additional funding for growth, you will need to develop a traditional business plan. Creating a business plan is a business hurdle that entrepreneurs seem to dread. Do you do it yourself? Do you hire someone to do it? How do you get it done quickly, but without spending too much money on it? Will what you do yourself be adequate to get funding?
In this article I will discuss the pros and cons of do-it-yourself business planning versus having a business planning consultant do it for you or with you.
The Do It Yourself Business Plan
Particularly if you are seeking capital of less than $200,000, consider creating the plan yourself after taking a class or reading some books or getting some coaching for someone who has written successful business plans.
Consider taking a three-hour business planning class through SCORE or the local Small Business Development Center. Even if you decide afterwards not to write your own plan, you will have a much better idea of what you want out of the process and what to expect.
How You Can Earn $1000 A Week Part Time
June 16, 2009
About 6 years ago I started to notice that certain friends of mine had quit their jobs but continued to live very luxurious lifestyles - seemingly without doing very much. I thought they must just be using up their savings until I discovered they were all making a fantastic living by spending just a few hours a week doing something I had never heard of before - "financial spread betting".
More and more people are now becoming familiar with the phrase "financial spread betting". Once, the sole preserve of City Whiz kids or sophisticated gamblers, financial spread betting is now gaining in popularity as a great way to earn a very sizeable tax-free income without the risk of losing the shirt off your back!
So why is financial spread betting becoming so popular?
Well, with a bit of understanding and practice, ordinary people, with no prior experience, can earn enormous sums whilst controlling their risks and limiting their losses. You do not even need a stockbroker or a city dealing account to do get involved. An on-line account is very simple to open and anyone with web access can do it.
