by Andre W. Klein | May 15, 2015 | Entrepreneur, Internet Business Glossary
Do not jump into anything without doing a study
A real entrepreneur does not decide the possible profitability of a business venture by ‘hunch’ alone. Yes, the best entrepreneurs have the best ‘hunches’. But even so, they make sure that their business idea undergoes thorough feasibility study first. A feasibility study serves many purposes. But first and foremost, it tells the entrepreneur if a business idea is likely to ‘fail’ or succeed’. A feasibility study also allows an entrepreneur to assume possible difficulties and possible solutions to problems. You can hire a professional to conduct a feasibility study for you if you are not familiar with the procedures.
by Andre W. Klein | May 15, 2015 | Entrepreneur, Internet Business Glossary
Have a keen eye for opportunities
Successful entrepreneurs have one thing in common – they have a keen eye for opportunity. When an entrepreneur looks at the world, he sees it differently. He sees ‘business opportunities’. For example, when a subdivision has no supermarket nearby, a normal person complains. But an entrepreneur sees profit – an opportunity to open a profitable convenient store. Keep your eyes open for such opportunities and have the courage to grab it.
by Andre W. Klein | Jun 22, 2011 | how to run an online business, how to start an internet business
Myths and Misconceptions about the Internet
The internet is seen by many as a wonderful thing that brings instant gratification. This kind of thinking is perhaps one of the worst that an online entrepreneur can have. In fact, this explains why so many people fail with the first few months of operation. Below are some of the most common misconceptions on online businesses:
