There are many myths that people believe when you say you are starting a web or offline business. Here are some of the main myths:
* Your family & friends will always understand the time commitment, even when no money is coming in.
Some will and some won’t. Often you can be working online at very random hours. I have worked well past 5am on many occasions, but do not expect your loved ones to understand this.
* Your friends’ constructive criticism is never out of jealousy
It is human nature to try and put people down who are doing better than you. Don’t fall for this trick.
* Your college degree is all you need to secure the knowledge entrepreneurship requires
Complete nonsense. The % of entrepreneurs who quit school at an early age is huge. Experience will always be more effective and valuable than knowledge from books.
* Anyone that has tried and failed automatically must be trusted because “they’ve done itâ€.
Just because they failed doesn’t mean it cannot be done. The invention of the light bulb was a failure 2000 times before it was successful.
* If the majority of your peers call the idea silly, it probably is.
Most BIG ideas are often dismissed initially. At one time even the Internet was just a silly fad for geeks.
* You have to spend money to make money
Many major sites start from nothing. I am friends with blog and forum owners who have million dollar websites and have never spent a dime.
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Hi thanks for the great information! I love the information on this blog. I have my business plan written up hopefully i can get everything up by the new year.