The things that entreprenuers don't talk about ...

by Raydal
21 replies
Starting your own business and not depending on a company
check is NOT for the faint of heart. And all those sad "broke"
stories are a lot realer than you think. Great article ....

www.inc.com/magazine/201309/jessica-bruder/psychological-price-of-entrepreneurship.html

-Ray Edwards
#entreprenuers #things #tlak
  • Profile picture of the author l1one
    Look if you are starting a business from the ground up with very unique physical products, angel investors, a family and no other backup source of income. Yeah I can see that being stressful cause it is make or break.

    However, let's not scare away the noobs...

    Some simple list building and site creation is LOW STRESS and VERY PROFITABLE.

    It's what I love about Internet Marketing!
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    • Profile picture of the author Raydal
      Originally Posted by l1one View Post

      However, let's not scare away the noobs...
      Oh, it's not scaring it's reality check. Even when you start small there
      are perils in the way. It's better to know about them than just wish
      they were not there.

      If you run a business, that probably all sounds familiar. It's a stressful job that can create emotional turbulence. For starters, there's the high risk of failure. Three out of four venture-backed startups fail, according to research by Shikhar Ghosh, a Harvard Business School lecturer. Ghosh also found that more than 95 percent of startups fall short of their initial projections.
      -Ray Edwards
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      • Profile picture of the author l1one
        "Three out of four venture-backed startups fail"

        I will agree with you there are perils to any business. However, so many people come to IM for the "lifestyle," the 4 day work week. I mean the 4 hour work week.

        While many struggle to make it, many more do make it.

        I am willing to bet most IM'ers don't want anything to do with the Entrepreneurship described in the article. I think most are not looking for angel investors.

        IM for most of us is all about LIBERATION and I think that distinction really needs to be made clear.

        To hell with the office, to hell with the man and to hell with investors who are constantly breathing down your neck!
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        • Profile picture of the author RealCasher
          Originally Posted by l1one View Post

          I will agree with you there are perils to any business. However, so many people come to IM for the "lifestyle," the 4 day work week. I mean the 4 hour work week.
          You mean the 4 hour work month ... Yeah IM can be that easy & very profitable on autopilot, but 98% won't even make it.
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          • Profile picture of the author l1one
            Originally Posted by RealCasher View Post

            You mean the 4 hour work month ... Yeah IM can be that easy & very profitable on autopilot, but 98% won't even make it.
            LOL, yes the 4 hour work month.

            As far as 98% don't make I am not sure about it. Are there any official statistics on it? Maybe they don't end up full time but so many of the skills learned in IM can be applied to other jobs.
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            • Profile picture of the author RealCasher
              Originally Posted by l1one View Post

              LOL, yes the 4 hour work month.

              As far as 98% don't make I am not sure about it. Are there any official statistics on it? Maybe they don't end up full time but so many of the skills learned in IM can be applied to other jobs.
              I agree. I'm pretty sure it's an estimate number based on thousands of noobs who start a small wordpress blog for 1 month, they make $1.57 on adsense and they quit.. too bad they can't find the secret success button that the gurus keep for themselves.

              Hint: The secret is endless HARDwork + SMARTwork.
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          • Profile picture of the author talfighel
            Originally Posted by RealCasher View Post

            You mean the 4 hour work month ... Yeah IM can be that easy & very profitable on autopilot, but 98% won't even make it.
            I don't know the exact numbers but I can tell you that while you do see and hear about people failing, a lot of people are doing really well but keep a low profile.
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        • Profile picture of the author BigFrank
          Banned
          Originally Posted by l1one View Post

          While many struggle to make it, many more do make it.
          Let's be totally honest, here. Most don't make it, for many diverse reasons.

          Too many IM'ers get involved due to a 'pie in the sky' mentality. Once they discover that they are not getting hundreds of huge payments per week into their PayPal account by pushing a few buttons and then living the good life on autopilot, they are gone.

          Cheers. - Frank
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          • Profile picture of the author Kai Law
            Originally Posted by BigFrank View Post

            Let's be totally honest, here. Most don't make it, for many diverse reasons.

            Too many IM'ers get involved due to a 'pie in the sky' mentality. Once they discover that they are not getting hundreds of huge payments per week into their PayPal account by pushing a few buttons and then living the good life on autopilot, they are gone.

            Cheers. - Frank
            Most think its easy but its not. If you work hard upfront you can reap the rewards later. It doesn't matter if you have all the best knowledge in the world. If you aren't able to take action due to time or money you'll never make it.
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  • Profile picture of the author daysinthenorth
    One thing I've never seen since I have been in this is the entrepreneurs talking about Faith. About God leading them down their path and the reason why their so successful today.

    Happy moments, praise God. Difficult moments, seek God. Quiet moments, worship God. Painful moments, trust God. Every moment, thank God.
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    • Profile picture of the author Raydal
      Originally Posted by daysinthenorth View Post

      One thing I've never seen since I have been in this is the entrepreneurs talking about Faith. About God leading them down their path and the reason why their so successful today.

      Happy moments, praise God. Difficult moments, seek God. Quiet moments, worship God. Painful moments, trust God. Every moment, thank God.
      It's not the most popular stance but there are many marketers who talk faith.
      Here is one for example: Sandi Krakowski | A Real Change | Let's Create Your Best Life and Business Together

      -Ray Edwards
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      The most powerful and concentrated copywriting training online today bar none! Autoresponder Writing Email SECRETS
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      • Profile picture of the author daysinthenorth
        @Raydal and @Discrat

        Well thanks for letting me know, I guess it's just the sets I observe.
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    • Profile picture of the author discrat
      Originally Posted by daysinthenorth View Post

      One thing I've never seen since I have been in this is the entrepreneurs talking about Faith. About God leading them down their path and the reason why their so successful today.

      Happy moments, praise God. Difficult moments, seek God. Quiet moments, worship God. Painful moments, trust God. Every moment, thank God.
      Yeah there are plenty of them.

      A lot do it and ask for guidance and give Thanks for being able to pursue and succeed in this business.

      It important to many and to some it is not at all



      - Robert Andrew
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  • Profile picture of the author RecessionPROOF
    Interesting,

    No doubt most people fail at their own businesses, and this covers all aspects of business, brick and mortar and online or home based businesses. It is not easy to start most businesses, and few have deep enough pockets to jump start business with advertising, never mind know which advertising mediums are best for their specific business category.

    Having started several businesses over the years, both traditional and online, no doubt, I would never go the brick and mortar route again, just too many unexpected costs unless you are well seasoned business person, you will find it near impossible to succeed. It took me over two years to be in profit, and with all the added regulations and hoops you have to jump through today, it is ten times more difficult than it was a couple decades ago when I started my first business.

    I was reading about Subway success, and CEO and founder says he could never have succeeded if he were to start his first Subway in today's market. That says it all, and most like this example will tell you the same thing, it is ten times more difficult today to start than even 20 years ago. Lesson learned, stick to online businesses, works for me, and I am glad I transferred my traditional business to online when internet first went commercial, never looked back.

    Success to all,
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  • Profile picture of the author Raydal
    You only get to see the real struggles when you work in the B2B environment.
    For most people who work in B2C you'll seldom see a business
    owner speak about his struggles and failures. It's not good for business.

    Because I work with several different businesses then I get to see what
    goes on behind the tinsel and shine. It's not easy to maintain a healthy
    mental attitude even when you are doing well. The stresses can make
    you literally sick and many suffer from burn out, so they disappear
    fora couple months and then reappear--some say why others don't.

    As I titled this post, it's the things we don't talk about publicly.

    -Ray Edwards
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    • Profile picture of the author JohnMcCabe
      Did anyone else notice that the only ones talking up the "Internet lifestyle" and "4 hour work month" are promoting easy-money biz-opps?

      Coincidence?
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      • Profile picture of the author kk075
        Originally Posted by JohnMcCabe View Post

        Did anyone else notice that the only ones talking up the "Internet lifestyle" and "4 hour work month" are promoting easy-money biz-opps?

        Coincidence?
        Yeah, and that really upsets me. That's not even Internet Marketing, really, it's a pyramid scheme where you buy in for too much and then recoup your investment by selling the exact same garbage. In other words, the program sucks...but you can still be a winner if you sell that sucky program to other people. Its considered a crime in the real world for a reason.

        Unfortunately though, those types of programs make up a good 70% of the IM world today and they are spammed everywhere these days....so people either end up believing the hype and re-selling garbage or they assume that there's no money to be made online. And that's a real shame since there are so many opportunities for forward thinkers that are willing to do their homework.
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  • Profile picture of the author Rory Singh
    There are millions of people who come online everyday and they would be satisfied with making a little extra money.

    If all I wanted was to make a little more money I would just work more at a job or brick and mortar business.

    Life's too short to be dickin around on the Internet.

    I came to this industry to Replace my income and then Increase it.

    It takes a lot of work and there is no 'easy' method.

    The hard part is getting off your butt and doing the work every day, week after week, month after month.

    98% of the people who come here don't fail.

    They don't really start.

    Lastly...

    There is a big price to pay for success online (I am speaking of replacing & increasing one's income). If you are not willing to pay the price, you won't get it.
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  • Great article, thanks for the share.

    Yes, build a successful business isn't easy..

    However, it must be worth it!
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  • Profile picture of the author ChrisWrok
    Originally Posted by Raydal View Post

    Starting your own business and not depending on a company
    check is NOT for the faint of heart. And all those sad "broke"
    stories are a lot realer than you think. Great article ....

    www.inc.com/magazine/201309/jessica-bruder/psychological-price-of-entrepreneurship.html

    -Ray Edwards
    Here's the thing....

    try starting a brick and mortar business on nothing!

    It can't be done. there are expenses
    there's overhead
    there's advertising if your smart

    now, most new IM'ers think they can do it with no budget.
    YES it's possible to do so, but not likely.

    as with any business, there are risks,
    and usually the greater the risk the greater the reward.

    So, the point is that you wouldn't try to start a brick and mortar business
    without having the proper funds to make rent, buy stock, pay employees etc
    ergo, don't expect that trying to make it in the internet marketing world for free
    is going to be an easy and fast road to travel.
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  • Profile picture of the author skyro
    Getting a successfull business is just like trying to get in shape. The things and work you have to put in is never easy in the beginning but as time goes on its get better and you begin to see results. Although there is one major difference. With having a business especially online marketing once you have put in the work and it's set and running it can basically run on auto pilot where as with getting in shape it takes continual work to stay there.
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