I advocate entrepreneurship but that doesn’t mean I want everybody to be an entrepreneur. Entrepreneurship is essentially starting a business and it’s obvious that the world and societies don’t need just entrepreneurs. So who should be an entrepreneur?
I guess a normal percentage of entrepreneurs in a typical society would be around 10-15%. The percentage might be higher somewhere according to some local laws, conditions and incentives. Have in mind that all self-employed people are basically entrepreneurs. If your profession is a plumber and you work independently by yourself you are an entrepreneur.
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Being in the startup business community I listen to the brightest minds in the world and follow their advice regarding the topic title.
It all starts with the idea so it’s obvious that the idea is the most important thing for any startup. Good ideas win, bad ideas lose.
Execution of the idea doesn’t matter, but it’s so much more important. Forget the idea, you can build anything as long as you execute it the right way.
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If you are in the internet marketing business you are constantly seeking for fresh knowledge and new tools/software that can help your business stay up to date and grow. We can get for free many of the tools and knowledge, but there are also premium information and paid software out there that have more value. Such premium tools and courses come out literally every day, it’s a big niche and a lot of people come up with new products.
The problem is that many of the products really suck. They are pure garbage. Internet marketing scams are everywhere. Products like these create really bad image for the industry and a lot of people think that every new thing that comes for sale in the internet marketing niche is useless. The truth is there are many good information and software products as well, but many people can’t tell the difference. The average consumer is used to the garbage products and assumes everything is trash because of his bad experience.
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In this article I’m going to talk about how NOT to start a business and some of the most common mistakes that entrepreneurs make at the beginning.
Unfortunately many people have wrong believes when it comes to starting a business, making money, picking their industry and taking risks. The cold hard reality is that over 90% of the new businesses fail and in many cases it’s because of the founders’ stupidity right from the beginning. But sometimes even if the business owner is better prepared, he can still fail. So here are some early entrepreneurial mistakes you have to avoid when you start a business.
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The most important ingredients are:
That’s it, a recipe for a successful blog. And it is so difficult and time consuming that I’ve never really done it. (not that it really matters)
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