The Four Greatest Fears of Starting Your Own Business

Written by Leonard W. Clements

Way back inrepparttar last century (1991, actually) a survey was conducted by my research firm, MarketWave, Inc., of over 6,000 people who were not, nor had ever been, business owners.

The question was a simple one: If all obstacles were removed, would you like to own your own business?

In other words, if what ever was stopping you from starting a business didn't exist, would you at least attempt it? Basically, would you prefer to be an entrepreneur, or an employee?

Eighty five percent said "Yes, they'd prefer to work for themselves". Which means 15% misunderstoodrepparttar 117634 question onrepparttar 117635 survey. After all, if what ever concerned you enough to not attempt a business venture didn't exist, then you'd have no fear of doing so.

I mean, who wouldn't want to be in control of their own life? To haverepparttar 117636 freedom to make their own decisions, work their own hours, and write their own pay check?

Even usingrepparttar 117637 conservative 85% figure, that would mean about 200 million Americans want to start their own business, but have never even attempted it! There must be some pretty compelling reasons, we thought, so we set out to find out what they were. To no one's surprise, it was never about preferring to work for someone else's business, but ratherrepparttar 117638 incapacitating fear of starting their own.

And it wasrepparttar 117639 same four fears, every single time. It takes too much money. They didn't have tens-of-thousands, or hundreds-of-thousands of dollars to invest in a business (and they didn't know anyone else who did).

It takes too much time. They didn't want to work 80 hours a week forrepparttar 117640 first year or two to get their business going. There's too much risk. Over 56% of all businesses fail inrepparttar 117641 first two years, and they'd have to quit their job, so there was no safety net.

They didn't know how. They'd never taken any business courses. They had no business experience. They don't know anything about taxes, accounting, marketing, and they myriad other skills a good entrepreneur must possess.

Not all responded with all four objections, although most responded with more than one. Surprisingly, "I don't know how" wasrepparttar 117642 most common response. A lot of folks said they wished they had takenrepparttar 117643 plunge earlier in their lives, but they just weren'trepparttar 117644 Mavericks they once were. They had a mortgage to pay and a family to feed. They felt is was - too late.

Now comesrepparttar 117645 fun part.

Would you ever consider going into business for yourself if; repparttar 117646 total start up costs were under $500,repparttar 117647 total time investment could be as little as 5-15 hours a week, you could continue to work in your present job untilrepparttar 117648 income from your business was sufficient to earn you at least an equal income, so there is little risk, and best of all, there were numerous consultants available to you who are experts at running this business, who would train and advise you personally, for an unlimited number of hours, forrepparttar 117649 entire life of your business, absolutely free!

Not only that, but there is another company that will take care of all your research and development, labeling, inventory, shipping, payroll, payroll and sales taxes, most legal questions, and so on. And, this company will do this for you every month, forrepparttar 117650 life of your business, for around, oh, $25.00 a year?

Right now, your probably rememberingrepparttar 117651 old adage "If it sounds too good to be true..." Fine. But, hypothetically, would you consider it if all this were true? "Well, sure..." you're probably thinking, "...but there's got to be a catch." Not only is there no catch, I didn't even hyperepparttar 117652 pitch by one iota. These are exactlyrepparttar 117653 conditions in which thousands of successful network marketing ventures have begun.

Sure, some overly zealous networkers may tell you how rich you're going to get, how easy it is, and how fast it will happen. Please note, I didn't say that!

Network marketing is a serious business, no less than any other you might consider earning your living at forrepparttar 117654 rest of your life. The reality is, network marketing is hard work, it takes time, and you'll probably lose some money inrepparttar 117655 beginning.

The difference is, most ofrepparttar 117656 hardest work is done by someone else, your work is done when you choose to do it, it typically takes a few months to turn a profit (some accomplish this in repparttar 117657 first month) rather than a few years, and what amount you might lose at first has one, two, maybe even three fewer digits compared torepparttar 117658 start up losses of most conventional businesses. Yet, you can still reaprepparttar 117659 tax benefits of operating your own business, and you have just as much, if not more income potential as most conventional businesses!

Imagine becoming financially independent in one to three years without having to spend thousands of dollars each month, without having to work long hours seven days a week, without even having to quit your job duringrepparttar 117660 development stage, and without having to get a business degree, or hire someone who has one?

Snatching Defeat From The Jaws of Victory

Written by Elena Fawkner

You may findrepparttar lure of an online business seductive indeed. And why not? After all, it holdsrepparttar 117633 promise of true independence - time and money freedom - fromrepparttar 117634 comfort and sanctuary of your own home. It tantalizes you withrepparttar 117635 promise of unlimited potential, a limitless market. With immediate results.

All of this is achievable. Exceptrepparttar 117636 last. There is nothing immediate aboutrepparttar 117637 results you will achieve when you first start an online business.

It's estimated that well over 98% of internet businesses bite repparttar 117638 dust after only a few months. How can you make sure you're one ofrepparttar 117639 2% who last throughrepparttar 117640 long haul? It's quite simple, really. Just hang on.

That's assuming, of course, that your online business is worth hanging on TO. If all you're doing is reselling someone else's products and not contributing anything torepparttar 117641 Internet community yourself, get ready to joinrepparttar 117642 98%. But if you've identified your niche, if you're making an original contribution to that niche and have quality products or services to offer that market, you can make it.

But you have to be prepared to stick it out because no matter how great your site, your product, your service, your ideas, your abilities, it will not happen overnight.

THAT'S why 98% of online businesses fail. It's not because they were also-rans, it's not because they did nothing but sign up for half a dozen affiliate programs and thought they were in business, it's not because they were dumb, or slow, or technically challenged or faced too much competition.

It's because they gave up too soon.

You have to allow forrepparttar 117643 lag factor. You have to be prepared to not only sow your seeds, but to giverepparttar 117644 seeds time to germinate, sprout and, finally, grow. Only then can you harvest. In other words, not only must you sow before you can reap, you must wait after sowing before you can reap.

It's what you do with that waiting time that's critical to your success.

Think of yourself as a farmer. You wouldn't just plant a quarter acre of corn and then sit back forrepparttar 117645 next three months (or however long it takes corn to grow) twiddling your thumbs, obsessively checking for signs of life every five minutes, getting more and more frustrated with every day that passes without being able to harvest.

No. Inrepparttar 117646 meantime, you'd be busy planting strawberries, potatoes, carrots and broadbeans. And you'd be busy *harvesting*repparttar 117647 broccoli, cabbage, brussels sprouts and asparagus that you planted four months beforerepparttar 117648 strawberries, potatoes, carrots and broadbeans. While you weren't obsessing about howrepparttar 117649 cauliflower, silverbeet, tomatoes and squash you'd planted three months before THAT were doing. And keeping an eye on your herb garden while you were at it.

Like working a farm, working an online business is a constant exercise in planning, sowing, tending, measuring and reaping. And patience. Lots and lots of patience.

When you "finish" your first website (you'll understand why repparttar 117650 quotes if you have your own site), you thinkrepparttar 117651 hard part's over. You think that it's simply a matter of uploading your site to your web host's servers, submitting your site to repparttar 117652 search engines, listing it in directories, negotiating reciprocal links with other webmasters, publishing an ezine and generating subscribers, placing paid ads (you'll figure out what free ads are worth all by yourself), writing articles and doing a hundred and one other things to drive traffic to your site.

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