How To Become A Successful Entreprenuer in 3 Steps

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When you decide to start a business on the internet, you are telling the world you want to be an entrepreneur.

Whether it’s making a couple hundreds bucks each month, or a full-time income that will free you from your job … you are taking the reins of your financial success, instead of hoping (praying?!) that your employer will do it for you.

Here it is in 3 easy steps:

1) Be Willing to Take (Educated) Risks.

When you start something new, there will always be a risk involved. Try starting a traditional retail business, and you would easily expect to spend anywhere from $50,000 – $250,000 just to get started! That’s why I love the concept of starting a business online, where your investment is significantly lower, but your income potential is still incredible.

However, the important thing to look at is not the risk, but your reward in relation to that risk.

If you had a 50% chance of winning $100 and you only had to spend $1 for that chance, would you do it?

The same goes for starting an online business. If you could invest just $50/month with the potential to earn $2,000/month, is that worth it to you?

2) Invest For Success.

On the topic of investing, it’s incredibly important that you accept you must invest for success. Whether it’s your time or your money, you are always investing.

The question is whether you are going to invest your money into a cheeseburger and fries, or an autopilot business? Will you invest your time reading and building a business, or watching the latest episode of The Kardashians? :p

Those small, everyday decisions are what separates the average from the exceptional.

3) Recognize That You Have A Lot To Learn… ALWAYS.

This is a two-fold step.

First, if you are content with what you have now, then stay the same. But if you are seeking to make long strides in your life, recognize that you must accept that you have a lot to learn.

Second, because you have a lot to learn, be hard on yourself but don’t beat yourself up! It’s easy to be hard yourself, but don’t let negative thoughts consume you. Because you are learning, you will make mistakes. But mistakes are simply an opportunity for you to learn if you are paying attention. And that experience will help bring you closer to your goals.

Daymond John, the founder of clothing company Fubu and one of the Stars of Shark Tank, stated in Inc. Magazine that Jay Abraham (a renowned marketing expert) “makes me feel dumb, which is impressive.”

Daymond’s quote is powerful, because it illustrates that he recognizes he still has a lot to learn, by admitting me feels dumb around Jay Abraham. But he also manages to keep those feelings positive, noting it’s an impressive and thus rare feat to make him feel that way.

Is there more to being an entrepreneur? Definitely.

However it’s vital that you keep the bigger picture in mind, and these 3 simple steps will keep you on the right path if you are willing to accept them.

What have you learned during your internet marketing adventures?

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About the Author
Solomon Huey is a Full Time Internet Marketer who absolutely loves revealing secrets about all aspects of online business. Visit his blog and discover his secrets to making money online and running a successful business. You'll can also get his free website traffic report, that reveals his hidden tricks to getting massive amounts of traffic every single day.

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1 Comment


    Catherine White (4 comments) says:
    10. Nov, 2013   

    You have hit on some of the key points for anyone considering starting an online business.
    -Consider risk vs reward
    -Commit to invest your time or money
    -Keep learning.
    Great stuff- keep up the good work!
    Catherine White´s last blog post ..Being Thankful With Marketing

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