ACTION is More Important than Knowledge!

Written by

It was Albert Einstein who stated that 'imagination is more important than knowledge'. Now if he had been addressing a room full of entrepreneurs, I hazard a guess that he might also have extended this quotation by saying that 'action is more important than knowledge too!'

Make no mistake, if you want to make your mark on this world as an entrepreneur you have to consistently take ACTION! Not only that, you will also need to haverepparttar ability to inspire other people into ACTION as well.

Learn by taking ACTION!

In our modern society we gravely underestimaterepparttar 147505 value and importance of experiential learning. We have become conditioned to mistake qualifications for competence.

As an entrepreneur, most of your learning will come from experience generated through taking ACTION. There is no text book, no seminar and no guru that can replacerepparttar 147506 value of you having an idea and taking ACTION on it.

Don't let a lack of knowledge stop you from taking ACTION!

Often what holds us back from even trying is our perceived lack of knowledge. Word's torepparttar 147507 effect of 'I can't set up a business because I didn't finished high school' or 'I can't start a business until I've got my MBA'.

If you have spent any time at all studying entrepreneurs you will find a lot of them don't actually have university degrees. Often it is this simple fact that motivates them into pursuingrepparttar 147508 entrepreneurial path!

Continually Self Correct!

When you takerepparttar 147509 experiential approach to learning and developing your business, you need to be highly attuned torepparttar 147510 feedback you receive from your operating environment. Be highly sensitive to feedback from your customers and clients. Establish mechanisms to monitorrepparttar 147511 results that you are achieving. Once these are in place, continually put pressure on yourself and your organisation to continually lift your standards of performance.

Making money from online business

Written by Bright Johnson

Starting a business is easy, but making money from it isrepparttar hardest part. It is not enough for you to start a business, you must make it successful.

If you look at online businesses, you will often see huge acquisition, massive profits, billions of dollars but you will also see big failures. The Internet like any other industry is all about controlling a huge chunk ofrepparttar 147472 market, and that is what makes one super rich—the market leaders makerepparttar 147473 money!

Let’s look atrepparttar 147474 search engine business onrepparttar 147475 Internet. It will surprise you that there are more than 900,000 search engines online. While it might be easy to come on board, getting a huge chunk ofrepparttar 147476 market is difficult and that has reducedrepparttar 147477 number of search engines.

NetApplications compiled data from web sites traffic statistics and found that inrepparttar 147478 search engine business Google isrepparttar 147479 market leader while Yahoo and Microsoft’s are behind. According torepparttar 147480 study, Google, Yahoo, and MSN arerepparttar 147481 market leaders when it comes to search engines.

The market share ending April 2005 looks like this:

Google February 43.06% March 44.51% April 45.85

Yahoo February - 17.02% March - 16.98% April - 15.35

MSN February - 11.52% March - 10.86% April - 10.86

AOL February - 3.27% March - 3.21% April - 3.00%

Dogpile February - 0.85% March - 0.83% April - 0.77%

Ask Jeeves February - 0.91% March - 0.88% April - 0.86%

Alta Vista February - 0.47% March - 0.46% April - 0.41%

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