Tweet

Being an Entrepreneur, It sure looks Easy!

Guest post by: Ghyslain Lefebvre

Article Overview: Owning a home based business or becoming an entrepreneur sure looks fine and dandy but it is certainly not as easy as it sounds. A lot of online businesses or MLM proclaim you can make a lot of money easily and quickly. If that were true, why is it that 97% of new entrepreneurs will fail over the next 3 years? Do not fool yourself or believe anyone that claims to make money online or with any home based business is easy. The fact is you have to treat it just like if you owned a restaurant, gas station or any type of businesses. You have to work hard and earn it. It can be very demanding. What are the common errors that a new business owner is guilty of?

Being an Entrepreneur, It sure looks Easy!

Owning a home based business or becoming an entrepreneur sure looks fine and dandy but it is certainly not as easy as it sounds. A lot of online businesses or MLM proclaim you can make a lot of money easily and quickly. If that were true, why is it that 97% of new entrepreneurs will fail over the next 3 years? Do not fool yourself or believe anyone that claims to make money online or with any home based business is easy. The fact is you have to treat it just like if you owned a restaurant, gas station or any type of businesses. You have to work hard and earn it. It can be very demanding. What are the common errors that a new business owner is guilty of?

The new entrepreneur spends entirely too much time on unnecessary practices, activities that are not revenue producing activities. They are focusing on retuning e-mails, phone calls, texting or spending too much time learning too many practices. It is important to understand that a successful business owner spends 90% of all his/her activities on revenue producing activities. That means most of his/her time is spent on making money. The 10% is to do what the other items I listed above.

The new online business owner sometimes does not have good time management. He/she is always late and is always too busy to attend meeting, group activities etc. Planning your time to have an effective business is part of the life of a successful entrepreneur. It does make sure you are accomplishing your tasks for your business and balances you professional life with your personal life. Having a balance life will make you very productive and be more successful. If you do not have good time management, take a course, this will make you money.

When you start promoting your business to the world, you will many options to choose from. A lot of new home based business owner make the mistake to learn all the methods and try them all at the same time. It is a common mistake and can be quite discouraging because what happens is that you become at best average in each category of marketing. If you choose 3 or 4 to focus your activities on, you will become an expert and therefore you will able to generate more leads for your business and potential customers.

The get rich programs do not exists but there are a lot of good businesses for you to start with. The main reason a person is successful with their own business is the person itself. You have to be a hard worker, willing to listen and learn, willing to put in the time and effort and have a little bit of capital. If you have all this, you can be a successful entrepreneur.

Related Articles
  How To Become An Entrepreneur From An Employee
  Knowing The Entrepreneur Definition Will Help You Become A Successful Entrepreneur
  Entrepreneurial Challenges
  Five Attributes of Entrepreneurs
  The Way of the Guerrilla

Article Tags: home based business online marketing, market business, Online business, online business systems, start an online business, successful business owner, successful entrepreneur



Related Forum Posts
Re: e-Commerce and e-Payment providers - When I came back to Japan in 1999 I sometimes used to ask my students if they would buy anything on the Internet and at that time most thought it was too risky. I'd encourage them to try by using well known sites such as Amazon.co.jp and also pointed out that using a credit card on a reputable site was safer than using it at a restaurant. I can't remember the last time I had that discussion or when the "tipping point" occurred in Japan. To answer your other question, I use Paypal for several reasons: 1. Brand familiarity 2. Easy to use 3. Free to withdraw 50,000yen+ to my Japanese bank account - a huge benefit (but maybe other systems also offer that...?) 4. Easy to cancel subscriptions On the down side, their transaction fees are quite costly, they are difficult to contact and when disputes arise you can sometimes lose even when you can prove via your tracking service that the disputed item was "delivered" to the customer's address!
Re: Domain name sugestion - Hi Anelly, Support-Box.com sounds very good to me. Easy and catchy.
Delegating - Good info and interesting list. Easy to see how the authority or power is slowly passed to the person - the secret would be knowing WHEN to move to the next step. I like to avoid people who are stuck at the #1 level. Chris
What makes you keep coming back for more? - I am researching on personal preferences that keeps the visitors coming back to a web site. What would be great is if people would list out their preferences of what keeps them interested to keep visiting a website in order or importance. For me it is:- 1. Content – Value, Depth and Recency of Information provided 2. User Friendliness – Easy Navigation, Simple graphic design etc. 3. Service – download time, contactability etc.
Young Entrepreneur Organization - All You Need To Know - The Young Entrepreneur Organization (YEO) is a global community of entrepreneurs. This non-profit organization aims to make its members successful in their business through networking and training programs. This article tells you all you need to know about the Young Entrepreneur Organization, and the opportunities it makes available to young entrepreneurs from across the world. Young Entrepreneur Organization: Facts. 1) The Young Entrepreneur Organization has 5,000 members in 35 countries across the world. 2) The organization was founded in 1987. Since then, it has helped many aspiring entrepreneurs with training facilities and getting in touch with the right people. 3) The average age of the members of Young Entrepreneur Organization is 34 years. 4) In order to be eligible for the membership of Young Entrepreneur Organization, you need to be under the age of 40; and be the founder or partner in a business that has annual sales of more than $1 million. World Entrepreneurs Organization: A part of the Young Entrepreneur Organization, the World Entrepreneur Organization and takes the message of Young Entrepreneur Organization to many additional places around the world. This organization is especially active in the area of education and training for entrepreneurs. Young Entrepreneur Organization: Objectives. 1) To foster entrepreneurship. 2) To support Young Entrepreneur Organization members by providing them the chance to network and grow. 3) To provide resources to its members so that they can benefit the economy through innovative business ideas. 4) According to Young Entrepreneur Organization, you get to share your story with those who have had similar experiences, and thus gain insight into the best principles of entrepreneurship. Young Entrepreneur Organization: Facilities. At the Young Entrepreneur Organization, you get to meet and share views with like-minded people and fellow entrepreneurs. In order to facilitate a free exchange of ideas and growth for its member, the Young Entrepreneur Organization provides the following facilities to members. 1) Forum: Join the forum of the Young Entrepreneur Organization and start networking with entrepreneurs from across the world. Each forum group has 12 members who come together regularly to share their experiences and discuss issues related to entrepreneurship. 2) Mentor: In conjunction with the World Presidents’ Organization, the Young Entrepreneur Organization guides and counsels young entrepreneurs through a mentor program by the best business leaders. 3) Social Innovation: The Social Innovators Program involves Young Entrepreneur Organization member who wish to do something for about social issues. It helps members become socially aware citizens and gives them the opportunity to do something for their community. 4) Marketplace: The marketplace allows members to post business offers and receive replies from other members. These are just some of the facilities you will get if you become part of the Young Entrepreneur Organization. Others, like meeting prospective clients through trade shows, and special tools to network and meet with the right people are also part of the YEO facilities.


Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.

Tweet

Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!

Name:
Email:

Popular Articles

What should your free giveaway be?

10 Golden rules to survive the Global Crisis

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.