OK. I’ve given you a bunch of reasons why you should NEVER rely on a business startup package that seems too easy, guarantees your success, is the same for everyone, and prescribes the subject of your business.
They are pretty much doomed to failure even before the owner makes her very first sale!
Nationwide small business start-up statistics show that after one year of existence, only one in five new start-ups (20%) are still actively doing business.
And of the 20% of start-ups that make it after one year, only one in five is still operating after five years.
In other words, only 1 business in 25 makes it to the five-year mark.
That’s a whopping 96% business start-up failure rate!
Those are pretty horrible odds, don’t you think?
So here’s your challenge: what are you going to do to become one of the four (4) business successes out of every 100 that start?
Put another way, “How are you going to approach your new business creation so that you will have the greatest chance of succeeding while so many others continue to fail?”
Can you navigate the business creation path to success by yourself?
If you seek out a teacher or guide, whom are you going to trust to lead you in the right direction and increase your odds of success?
How much are you going pay for some personal assistance?
Most aspiring business owners consult books on the subject as the roadmap they rely on to guide them through the maze of business startup steps that must be taken.
In addition, there are some public agencies like SBA’s Small Business Development Center that will assist with specific steps like creating a business plan and getting registered with the authorities, etc.
There are also excellent online resources, community colleges, entrepreneur workshops, and other information based resources that will help you move along.
This web blog is set up for that purpose as well, if you decide that an online solo information business strategy is right for you. It may not be . . . depending upon the type of business you decide you want and the niche where your passion lies.
Our focus here is upon creating and operating a solo, one-person, information business that is maintained on the Internet.
The type of products we recommend are digitally produced and delivered so that the owner doesn’t have to deal with inventory, shipping, and handling physical goods (although this strategy can be adapted to selling physical goods as well).
Why don’t you join us and see what we have to offer?
Personally, I don’t know of a better business model than selling information online to an audience of niche enthusiasts!
Do you need a business coach or mentor in order to be successful?
Now I’m not saying that having a coach for some students, some markets, and some business models might not be a bad idea. Having someone “show you the way” who had been down this road before can be an advantage.
Do you have the money to hire your own personal business coach? Only you can answer that question. I can tell you that many very successful and profitable businesses have been started by entrepreneurs that didn’t have a business coach.
If you feel you need the help of a coach and can afford to pay him/her, then by all means do it. But don’t stress out if you have to start your business as a solo enterprise.
To your online success,