The E-Entrepreneur Success Mindset
The E-Entrepreneur Success Mindset 1
The E-Entrepreneur Success Mindset
Unearth The Minds Of Successful Internet Entrepreneurs
From Around The Planet!
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The E-Entrepreneur Success Mindset
Unearth The Minds Of Successful Internet Entrepreneurs
From Around The Planet!
LEGAL NOTICE:
The Publisher has strived to be as accurate and complete as possible in the creation of this report, notwithstanding the fact that he does not warrant or represent at any time that the contents within are accurate due to the rapidly changing nature of the Internet.
While all attempts have been made to verify information provided in this publication, the Publisher assumes no responsibility for errors, omissions, or contrary interpretation of the subject matter herein. Any perceived slights of specific persons, peoples, or organizations are unintentional.
This book is a common sense guide to marketing online. In practical advice books, like anything else in life, there are no guarantees of income made. Readers are cautioned to reply on their own judgment about their individual circumstances to act accordingly.
This book is not intended for use as a source of legal, business, accounting or financial advice. All readers are advised to seek services of competent professionals in legal, business, accounting, and finance field.
You are encouraged to print this book for easy reading.
The E-Entrepreneur Success Mindset
Unearth The Minds Of Successful Internet Entrepreneurs
From Around The Planet!
Why Do So Many Internet Startups
Fail Today?
Everyday out there in the real brick and mortar world, millions and millions of people drag themselves from the warm, warm beds, take a shower, grab a cup of coffee, and head off to their jobs as they are thinking that there has got to be an easier way to make a living.
Every one of those millions and millions of people knows somebody who has quit the ‘get-up-and-go-to-work’ grind and is making a very good living by working on their personal computers from the comfort of their own homes.
Working from home sounds like an ideal solution to them. Many of these dissatisfied souls will quit their jobs and plunge head-first into internet marketing with no preparation, no knowledge of what they are doing, no education, and no hope of success. Failure is their only option and they don’t even suspect.
The fact is that according to many sources, more than 90% (Ninety percent) of all Internet business start-ups end in failure within the first 120 (one hundred twenty) days. Yes, you read that right. NINETY PERCENT!
This failure rate should be a warning to those who are considering trying their hand at making a go of working on the Internet rather than at a job in the brick and mortar world.
They some how think that the world is just going to line up on their website and hand over money. It isn’t going to happen.
Internet businesses do not run on auto-pilot. It is true that well established internet marketing gurus do not have to put in long, tedious hours on their businesses but it is a privilege that that has been earned by putting in a lot of long and tedious hours.
It didn’t happen overnight for them and it won’t happen over night for anybody. Most people are totally unprepared for the time investment that must be made in order for an internet business to become successful.
No Business Background
All businesses have two things in common. They are BUSINESSES and they must be run like businesses! The people who are in charge of a business need to understand the accepted practices of business.
They need to understand simple and basic ideas like acceptable over-head expenses in relation to projected income. Internet entrepreneurs need to understand profit and loss and what constitutes each.
A college degree in business in not essential for an internet business entrepreneur go be successful but it sure wouldn’t hurt. Just some basic business knowledge is absolutely vital.
f you have a hard time balancing your personal check book, you probably should keep your day job and forget about starting an internet business.
It is true that you can hire accounting firms that will tell you WHEN you must make tax deposits, for example, but these firms will not be able to tell you IF you need to make them.
Accounting firms can tell you whether or not you made a profit but not how to make it. If you have no business background you need to, at the very minimum, get some good business advice before you even consider opening an online business.
The fact is that all successful businesses operate on sound business principles. Successful businesses aren’t accidents. The proof is in the numbers....only 10% of new internet businesses are successful or are even still in existence after the first 120 days of operation.
It is not even reasonable to expect to make a profit from a new business enterprise for many, many months.
You must have sufficient resources available to not only launch your business but provide for your own personal needs for an extended period of time. It’s called ‘capital’ and there is no way around the need for enough of it.
The Right Mindset Just Isn’t There!
You have most likely heard the phrase, ‘He has an attitude!” This is usually a derogatory remark made about a person with a disagreeable attitude.
But the word ‘attitude’ is an important one when discussing internet marketing start-ups. A good attitude...a good mind set can’t insure success but a bad attitude and a bad mind set can certainly guarantee failure.
How You Can Avoid Joining the Failing Masses
The thing about starting a business...any business.....is that there is no guarantee of success under any circumstances.
Even big international businesses can fail at new business ventures. Failure is always an option but the possibility of success can be optimized.
You can optimize the possibility of success by:
1. Having a good solid business plan in place BEFORE you launch your online business. There is an old saying: “Those who fail to plan, plan to fail”. A detailed set of plans for success needs to be made. You need to have the steps from getting from point A to point B listed in great detail that include realistic cost estimates for accomplishing each step. 2. Expecting to work very hard to accomplish your goals. You must never expect anything to be easy. You will be right most of the time because things are rarely as easy as they look. Each step toward success requires work, time and patience. Sometimes things don’t work out right on the first try. You have to be willing to try again and again until you do succeed. 3. Not falling for ‘get-rich-quick schemes. The internet woods are full of those who prey upon those who are looking for quick and easy ways to become rich. Those ways do not exist. Get over thinking that there is an easy way. There is NOT.
Remember those statistics! Ninety percent of all new internet businesses fail in the first 120 days. You don’t have to be part of that majority. You can become a part of that 10% minority of successful internet business enterprises.
1. The right mind set. 2. Recognizing and using leverage. 3. Building a set of useful contacts. 4. And he probably had a mentor.
We will discuss these four corner stones that must be laid down first so that a successful internet business can be constructed.
All of them are important, even crucial to the success of any business but especially to the success of an internet based business.
Constructing a successful business in cyber space has many things in common with the building of a successful brick and mortar business but there are significant differences as well.
Having the Right, Healthy Mindset
The success of any business both of the online variety as well as the off line variety require the right mindset from the get-go.
A right and healthy mind set will not guarantee success but a wrong and unhealthy or unrealistic mindset will most assuredly guarantee failure. So the right mind set is the first corner stone that must be laid upon which a successful business can be constructed.
What is a right and healthy mindset? There are things that it is as well as things that it isn’t.
A right and healthy mindset IS the willingness to work as hard and as long as is necessary to achieve the goals that has been set. A right and healthy mindset ISN’T the belief that success will be easy, quick or painless.
Those who believe that they can make an internet business enterprise thrive without having to actually put in any time or effort are simply doomed to failure from the beginning.
There are schemers and scammers out there in cyberspace that are just waiting eagerly for those to come along who are looking for easy riches.
A right and healthy mindset IS the willingness to take the time to make a good, solid business plan that is based upon sound business principles.
A right and healthy mindset ISN’T just jumping in feet first and hoping for the best. The best that can happen under those circumstances is that you get out with anymore than two cents to your name.
‘Flying by the seat of your pants’ is NOT a plan...it is just plain suicide in the world of internet marketing. If you don’t have a formal education in business, you need to find people who do have that kind of education and seek then follow their advice.
Recognizing and Using Leverage
Remember that reputation and credibility are everything on the internet. Don’t take any shortcuts and never damage or allow others to damage either.
It Is Not What You Know, But Who You Know
That is an old saying. “It is not What you know, but Who you know that counts”. Setting a corner stone of good solid relationships is an important aspect of building a successful e-enterprise.
Working hard at building good solid business relationships is worth every minute of time that you invest in it. Business relationship building should be one of your top priorities.
When you build social relationships, you insert yourself into social situations where you come in contact with people who have interests that are similar to or complimentary to your own interests don’t you?
That is precisely the same way that business relationships are established. You insert yourself into business situations where you will meet others who have businesses that are similar to or complimentary to your own business. You develop relationships over a period of time.
There are several ways in which to accomplish this task. One way is to participate in teleseminars or webinars that are related to your business.
You will learn a lot, of course, but equally important, you will come in contact with those who are already succeeding in the niche market that you are working in.
Of course, attending real brick and mortar world seminars is an even better way to begin to build friendly business relationships with not only your peers but also
with those who are in a position to help you....which brings me to the final corner stone that you need to lay.
Find a Capable Mentor
It isn’t likely that there is a more valuable asset that a new e-entrepreneur can have than a good and capable mentor. Someone who has already made all of the mistakes can help you to avoid making all of the mistakes yourself.
They have the wisdom that comes from experience to point out pitfalls and to help direct you toward the better of choices.
Why, you ask, would anyone who has it made want to take their time to help a newbie succeed?
Maybe I can answer that by telling you about my friend who is an accomplished musician. He played with some of the biggest stars in the business. He is a very, very fine guitarist who is now in his 70’s.
He has about three young guitarists that he spends many hours not only teaching how to play but counseling them on career choices.
I asked him why he spent so much time doing that and he said, “It is like gaining immortality. If I teach them and they teach others, then what I know lives forever.”
Successful internet marketers want that ‘immortality’ as well. The ones who are the very most successful are the ones, amazingly enough, who are the most likely to mentor an up and coming e-entrepreneur.
The Key to Continuous Growth and
Expansion
Grow or die! This is one of the laws of nature that applies to all living things. All business lives by this law as well. A business cannot begin, grow to a certain point and then simply remain at that point and continue to thrive.
Growth and expansion are necessary for the business to survive and if that growth and expansion do not happen then the business will fade and die or crash and burn.
Growth and expansion of business must be controlled by the business owners or managers. If growth is too slow, the business lags behind the competition. If growth is too fast, the business can easily become over extended.
A steady controlled growth is the ideal. Of course, the ideal and the reality are sometimes two very different things.
Sometimes the terms ‘growth and expansion’ are a bit misunderstood. The most obvious meaning of both terms is to get bigger and broader but those meanings are not the only ones that apply.
Growth, for example, can mean gaining knowledge and becoming wiser and expansion can mean broadening the knowledge base from which a company operates.
A small internet based company does not have to grow and expand until it becomes a giant multi-national company in order to survive but the owners and managers of these internet businesses do have to grow by getting smarter and expand by welcoming change with open arms.
Nothing ever just stays the same. Change is the only certainty in the world. What was hot or what worked yesterday is old news today and it will be ancient history tomorrow.
Companies and company owners and managers must grow with and adapt to changes as they happen and on the internet changes happen a lot faster than they do out in the brick and mortar world.
We all agree that growing, adapting and expanding is vital to the survival of any business and maybe especially to Internet business. So the question is: What is the key to growth and expansion of internet based businesses?
When brick and mortar businesses grow and expand, they build bigger buildings and hire more employees but that isn’t exactly an option for an internet based business.
The key to growth and expansion of an internet based business is for the business owner or manager to always and continuously invest in them.
They must be willing to stay on the cutting edge of technology and they must be willing to accept and adapt to changes as they occur.
Internet businesses are not buildings. Internet businesses are people. An internet business cannot grow by investing in a larger building.
It only grows when the person who is driving that business invests in his or her own knowledge and ability.