Why Do So Many Internet Startups Fail Today?
Posted on September 25, 2009
Filed Under Net Because | Leave a Comment
Here the long BECAUSE for this why question from one of my guest.
Everyday out there in the real brick and mortar world, millions and millions of people drag themselves from the warm, warm beds, take a shower, grab a cup of coffee, and head off to their jobs as they are thinking that there has got to be an easier way to make a living.
Every one of those millions and millions of people knows somebody who has quit the ‘get-up-and-go-to-work’ grind and is making a very good living by working on their personal computers from the comfort of their own homes.
Working from home sounds like an ideal solution to them. Many of these dissatisfied souls will quit their jobs and plunge head-first into internet marketing with no preparation, no knowledge of what they are doing, no education, and no hope of success. Failure is their only option and they don’t even suspect.
The fact is that according to many sources, more than 90% (Ninety percent) of all Internet business start-ups end in failure within the first 120 (one hundred twenty) days. Yes, you read that right. NINETY PERCENT!
This failure rate should be a warning to those who are considering trying their hand at making a go of working on the Internet rather than at a job in the brick and mortar world.
Of course, success is possible. There IS that other 10% (ten percent) that do succeed. The thing is success doesn’t happen by accident. And success isn’t just a crap shoot. Success happens because of some very important factors.
Success happens because people have the right ideas about internet marketing and how it works. They do not expect to get rich quick or be able to make a killing over night and retire to a tropical isle.
It is strange but some how the same people who wouldn’t dream of starting a real world business, think they can make a go of an internet business even though they have no business background.
People will go into an internet business with the idea that they no longer have to get up and go to work. They think they can simply work when the feel like it and still make a good living. They simply do not expect to have to work hard or work long hours.
Wrong Perceptions about the Internet
The 90% failure rate of new Internet businesses really isn’t all that surprising when you stop to think about the people who are starting internet businesses.
For some unknown reason most people think that running a successful internet business is as easy as getting a website built and hanging out an ‘open for business’ sign. They couldn’t be more wrong.
Running a successful internet business of any kind requires self-discipline. People will start an internet business and think that they can party all night, sleep until noon and then make a living in 3 or 4 hours sitting in front of a computer. They some how think that the world is just going to line up on their website and hand over money. It isn’t going to happen.
Internet businesses do not run on auto-pilot. It is true that well established internet marketing gurus do not have to put in long, tedious hours on their businesses but it is a privilege that that has been earned by putting in a lot of long and tedious hours.
It didn’t happen overnight for them and it won’t happen over night for anybody. Most people are totally unprepared for the time investment that must be made in order for an internet business to become successful.
No Business Background
All businesses have two things in common. They are BUSINESSES and they must be run like businesses! The people who are in charge of a business need to understand the accepted practices of business.
They need to understand simple and basic ideas like acceptable over-head expenses in relation to projected income. Internet entrepreneurs need to understand profit and loss and what constitutes each.
A college degree in business in not essential for an internet business entrepreneur go be successful but it sure wouldn’t hurt. Just some basic business knowledge is absolutely vital.
f you have a hard time balancing your personal check book, you probably should keep your day job and forget about starting an internet business.
It is true that you can hire accounting firms that will tell you WHEN you must make tax deposits, for example, but these firms will not be able to tell you IF you need to make them.
Accounting firms can tell you whether or not you made a profit but not how to make it. If you have no business background you need to, at the very minimum, get some good business advice before you even consider opening an online business.
The fact is that all successful businesses operate on sound business principles. Successful businesses aren’t accidents. The proof is in the numbers….only 10% of new internet businesses are successful or are even still in existence after the first 120 days of operation.
It is not even reasonable to expect to make a profit from a new business enterprise for many, many months.
You must have sufficient resources available to not only launch your business but provide for your own personal needs for an extended period of time. It’s called ‘capital’ and there is no way around the need for enough of it.
The Right Mindset Just Isn’t There!
You have most likely heard the phrase, ‘He has an attitude!” This is usually a derogatory remark made about a person with a disagreeable attitude.
But the word ‘attitude’ is an important one when discussing internet marketing start-ups. A good attitude…a good mind set can’t insure success but a bad attitude and a bad mind set can certainly guarantee failure.
Here are some wrong attitudes that will absolutely guarantee failure:
1.I can work when I want to. Wrong, wrong, wrong! You can’t just work when you feel like it. You have to expect to put in many long and very tedious hours of very hard work to make a new internet enterprise succeed.
2.I can get rich quick! You couldn’t be more wrong and you are not only wrong but you are putting yourself in danger as well. There are bazillions of crooks out there on the internet who are waiting for their next easy mark and if you are looking for a quick way to get rich, you ARE the next mark.
It is possible to make a very comfortable living with internet marketing enterprises but if anybody ever tells you it is quick or easy, they are lying to you.
3.I don’t need a business plan. There you are…wrong yet again. Internet business is still business. All of the same business principles apply to online business as apply to brick and mortar business. It is imperative that you have a plan for success that is based upon these sound business principles.
4.When you have an internet business of your own, you don’t have a boss. Wrong again! You are your boss. If you aren’t a good boss who sees to it that work is accomplished on time and in full, you will doom yourself to certain failure. Unless you are a boss who sets up a working schedule and establishes goals that must be met, you will find yourself working at a job under a boss who does do those things and maybe for minimum wage.
How You Can Avoid Joining the Failing Masses
The thing about starting a business…any business…..is that there is no guarantee of success under any circumstances.
Even big international businesses can fail at new business ventures. Failure is always an option but the possibility of success can be optimized.
You can optimize the possibility of success by:
1.Having a good solid business plan in place BEFORE you launch your online business. There is an old saying: “Those who fail to plan, plan to fail”. A detailed set of plans for success needs to be made. You need to have the steps from getting from point A to point B listed in great detail that include realistic cost estimates for accomplishing each step.
2.Expecting to work very hard to accomplish your goals. You must never expect anything to be easy. You will be right most of the time because things are rarely as easy as they look. Each step toward success requires work, time and patience. Sometimes things don’t work out right on the first try. You have to be willing to try again and again until you do succeed.
3.Not falling for ‘get-rich-quick schemes. The internet woods are full of those who prey upon those who are looking for quick and easy ways to become rich. Those ways do not exist. Get over thinking that there is an easy way. There is NOT.
Remember those statistics! Ninety percent of all new internet businesses fail in the first 120 days. You don’t have to be part of that majority. You can become a part of that 10% minority of successful internet business enterprises.
====
Are you enjoy it?
Here a link to Start an Instant Home Based Business That Pays Via PayPal.
Be blessed.
Isyaias
Why Vista Beats Mac OS X
Posted on May 27, 2009
Filed Under Net Because | 1 Comment
Below is the great article about this why question and it answer. Read it if you want and let me know what your comment.
+:-)+
The conventional wisdom, that Mac’s OS X is superior to Windows Vista, is flat-out wrong.
In fact, despite much belief to the contrary, Vista is a superior operating system. Here are five reasons why.
Reason #1: Vista runs more software
Mac OS X is a very pretty operating system, but beauty runs only skin deep. An operating system by itself is a poor thing—it’s the applications that run on top of it that matter. And here’s where Mac OS X falls short. It can’t run much common software, including enterprise applications and games.
Virtualization software like Parallels Desktop for Mac won’t solve the problem. Parallels can’t run even the most basic Vista games such as FreeCell, Hearts, Pinball, Solitaire and Minesweeper, because it doesn’t support DirectX 9. And virtualization software creates big problems for enterprises with regard to volume licensing, technical support, creating standard enterprise-wide images and so on. So it’s no good for running enterprise applications either. Vista beats OS X here, hands down.
Reason #2: Vista is safer
As I’ve written before, Vista is a more secure operating system than Mac OS X. Mac OS X was easier to crack in a recent hacking contest. And security researcher Dino Dai Zovi had this to say about Vista versus Mac OS X when it comes to security:
I have found the code quality, at least in terms of security, to be much better overall in Vista than Mac OS X 10.4. It is obvious from observing affected components in security patches that Microsoft’s Security Development Lifecycle (SDL) has resulted in fewer vulnerabilities in newly-written code.
Reason #3: It’s the money, stupid
If you’re got a lot of extra spare cash laying around that you don’t care about, then by all means, buy a Mac. But if, like most of the world, you’ve got to work for a living, then you’ll find that a Vista machine is far less expensive than a Mac.
Reason #4: The Mac is closed; Vista is open
Any person or company who wants to build a PC with Vista on it, and either sell it, or use it themselves, is perfectly free to do so, as long as they buy the operating system. Try to do that with a Mac, and you’ll be spending some face time with Apple’s attack dog lawyers.
Reason #5: Two words—Steve Jobs
There’s no doubt that Steve Jobs is a master marketer. And he also knows good design. But he’s also vindictive, sends his lawyers after people who report leaked information about Apple products, and has hypnotized Apple users into drinking the true-believer Kool Aid.
Don’t reward him by making him richer.
[Editor’s note: the views expressed in this article are those of the author and do not reflect the opinions of WCCL or its staff.]
By Preston Gralla at Computerworld.com.
+ 
+
Be blessed….
Isyaias
Why Economic Recession?
Posted on October 8, 2008
Filed Under Economy Because | 1 Comment
My Mentor, Dave, has wrote this to me.
What is an economic recession?
This occurs when there is a significant decline in the economy which usually lasts for months. This is visible in terms of consumer spending, employment, industrial production, real income and wholesale trade. A technical indicator of this is 2 consecutive quarters of negative growth which is measured by the country’s GDP or gross domestic product.
Experts say that an economic recession is normal because it is part of the business cycle and things usually improve within 16 to 18 months.
During the business cycle, there is a period of recovery, expansion, slowdown and then recession. During recovery, the GDP of a country starts to move up. When the GDP grows robustly, this is the time that it expands. When consumers are not buying that much, this is when you have a slowdown. Because there is weaker demand, you have a recession.
The last economic recession occurred in 2000 and 2001 which featured three quarters of negative growth followed by three positive quarters then five more quarters of sub par growth. Experts say that the same trend will happen right now.
One solution that the government usually does is lower interest rates to help stimulate the economy. Just last year, the Federal government slashed interest rates three times towards the end of the third and fourth quarter year so that overnight loans between banks could be borrowed at 4.25% which happens to be its lowest in the past 2 years.
What makes the economic recession different from what occurred after the Second World War is that this one is caused by falling home values and a crisis of confidence among fixed income investors.
Despite the fact that the country has endured this time and again for over 50 years, there is still no way to predict when it will happen.
Some use the stock market as an indicator. Others use the inverted yield curve which uses yields on a 10 year and three month Treasury securities and the Fed’s overnight fund’s rate. The unemployment rate is also another which happens to be one of the things that make up the index of leading indicators.
There are people in the Bush administration who do want to call it an economic recession because this will make people panic but there are others who are brave enough to admit that it is here. Since it is going to be some time before the economy recovers again, everyone is advised to stay calm, save up and look for long term investments worth going into.
Apart from the war in Iraq, the economy is going to be one of the critical issues that both candidates have to address as they are campaigning for the highest post in the land. Whoever wins, they have to find a way to reduce the unemployment rate, help people save their homes and a lot of other things that affect the average American household.
An economic recession lasts months at a time. If it should continue for a much longer period, then this is called a depression which is something that the world and not only the US experienced at the end of the First World War. This lasted for up to 4 years that many hope will never happen again.
Dave
What do you think?
Be blessed….
Isyaias
| 2.9 |
-
Recently Posted
-
MyBecause Archives
DesktopLightning - Click Here For Free Traffic
Yes, I want to build a web business.
Show me how.
-
About
I am Isyaias Sawing. I write MyBecause for the why questions on my own way. I hope it'll enrich my life and all of it readers.
To know more about this blog, please read the 1st post about Why Because MyBecause
