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3 Common Mistakes to Avoid When Starting an Online Business

April 3, 2019 Comments Off on 3 Common Mistakes to Avoid When Starting an Online Business

There are many reasons why. Maybe you are totally frustrated with your daytime job and you feel trapped. You want to get out of the Rat Race. Maybe you are tired of working for someone else and it is time for you to be your own boss. Maybe you just lost your job and you have nowhere else to turn. Whatever the reason, an option of starting an online business has crossed your mind, otherwise you would not be reading this article. Let me make one thing clear. Starting an online business requires work.

If anyone tells you otherwise don’t believe them, run the other way.

If you want to start an online business allow me to share with you 3 common mistakes to avoid when starting an online business.

1) Starting an online business without a Game Plan
2) Not having the finances it takes to start and maintain an online business
3) Not Being Patient enough to see things through once you get your business off the ground

1) Starting an Online Business without a Game Plan:

Starting an online business can be very exciting however, before you jump in you must have a game plan. Can you imagine a football team going into a big game not having some sort of game plan? Take the time to put your ideas on paper. I know you have it all in your head, but that is not good enough. You got to write it down on paper. What is it that you want to accomplish? Write it down. What are your goals? Write it down. I know you want to make all this money, but be specific. Make 6 month goals, 1 year goals, and 5 year goals. What is the lifestyle you see yourself living in the future? Write it down. Although, this is not a hard task, many people start a business without knowing the desired outcome.

Now that you have your goals written down, create a game plan as to how you will get there. How are you going to arrive? At this point you may not know all of the specific details however you can have a general idea of how you will accomplish your goals. Put a Game Plan together and write it down. Then, visualize how you will feel once you have arrived. Create a vision board and see and act as if you are already there.

* What is it that you want to accomplish?
* Write a Game Plan as to how you will get there.
* Visualize as if you are already there.

2) Not having the finances it takes to start and maintain an online business:

There are expenses associated with starting an online business. It takes a little bit of money to make money. Although, there are many free online tools that can help you build your business, there are some expenses. Some of these costs are one time cost however there are some fees that are recurring monthly expenses. You must plan and account for expenses. Before starting an online business you will need to set some money aside to get your business started. Once you get your business up and running and you start making some money you may want to consider outsourcing. This will free up your time, however this is optional.

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