There is a huge problem that I have been seeing on the Internet these days when it comes to starting up an online business. The problem is that people are unable to actually turn their startup business into a profitable company. To put it simply, I find that new business owners are thinking like employees instead of entrepreneurs. What do I mean by that? Well, let me explain.
When you are an employee of a company you have the mindset of going to work for forty hours a week and collecting a paycheck when the week is done. This gives you a sense of security knowing that you have some type of money coming in, but in reality your are renting out your labor for the rest of your life.
To be honest, this mindset isnt all that bad. There is nothing wrong with being comfortable with the knowledge that you will have more money to pay the bills with next week, but it is NOT the mindset that you need to build a successful business.
A true entrepreneur knows that it is going to take a little while before their company starts to be profitable, but thats o.k. – They are in it for the long run. Now compare a business on the Internet with one in the physical world. On...