Do you think that starting an online business is easy? If so, take a look at this FACTS...
44% of new businesses in the real world close their doors within the first two years of opening them. In the first four years, 66% of small businesses fail. In the online world, the numbers are worse. Everything is faster on the internet and that includes the deterioration of new businesses. 95% of online businesses fail and they fail in a matter of months.
9 out of 10 businesses in the real world fall into bankruptcy in the first 5 years of their live and from the 1 that survive in the first 5 years, 9out of 10 fall into bankruptcy.
I am sure that you have heard of this statistics, long before i told you.
Then if the statistics are right, you could ask me...
"Tudor why are so many people willing quit their jobs to start their own business?"
For this questions are many answers, but 3 are most important...
1. People quit their jobs to start their own business, no matter if it is online business or offline business, because they prefer to avoid rush hour traffic in the morning on the way to the office and in the evening on the way home from the office?
2. Everybody hates their boss. Even if you like your boss, you prefer not to have a boss at all. That's the allure of the internet. Making money in your pajamas and answering to yourself.
3. PEOPLE LIKE FREEDOM. They don`t want to have someone to tell them what to do, when to eat, when to get up (except maybe the ones that want to be the Apprentices of Donald Trump J ).
But an allure is just that, an ALLURE. So don`t be fouled. Online business is tough business, even if you think the opposite. Believe me, I KNOW.
To be your own boss, you have to be more orderly. This is were the temptation comes. After you started your own business you are tempted to be more relaxed, to work less, to think that the world is their`s.
But...
The truth is... after you started your own business YOU CAN`T RELAX, YOU CAN`T STOP WORKING LESS, YOU CAN`T THINK THAT BANKRUPTCY WON`T HAPPEN TO YOU...
On the contrary...
YOU HAVE TO WORK TEN TIMES AS HARD, BE FOCUSED ALL THE TIME ON YOUR BUSINESS, because if don`t do it, you will soon realised that you were a FOOL, and you should have never start this business.
Having your own business is more demanding than having a JOB.
Why?
Because if you quit your job and your stream of revenue stop pouring into your pockets, soon you will die of hunger. If you can`t make your business to work, why did you started?
To say that you are a BOSS?
Stay tune for Part 2
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