Internet Marketing Business Obstacles
Topics: brand marketing, brand mindset, branding marketing, branding marketing consumers, branding strategy
It is a well-known statistic that 50% of all businesses fail within the first two years. Within five years, a total of 95% of small businesses fail. These are daunting statistics that are coming from the Small Business Administration (SBA) office, with study after study proving the difficulty of establishing a successful business. These statistics are equally true of online businesses where the same factors that affected the failure of solid businesses correlates to e-commerce with too many entrepreneurs who don’t know the obstacles they face.
But What Are These Statistics Based On?
Despite these negative statistics, you have to take a look at these statistics with a grain of salt. Even the SBA admits that many of the statistics are affected by people who are in business part-time as opposed to full-time and never had any intention of being in business for themselves long-term. They may have filed the business with IRS to make use of deductions or to claim income, but it doesn’t really point to the determination to stay in business long-term.
If you want to start a business part-time, odds are you too can get it to survive for at least two years, and maybe five years top without committing yourself to its growth.
However, if you want to stay in business long-term, the success will be determined by how much effort and learning you have placed into the business. Obviously, if you see this business as your livelihood, you will be more motivated to grow the business rather than letting outside situations make or break your potential for success.
One thing you need to understand from the start is that looking at other people’s failures is only helpful in instructing you on what not to do. It is not going to tell you how to grow your business. For that, you need to study successes. So, use everything to your advantage, whether it is success or failure.
The key to growing a business is flexibility, know-how, and a drive to succeed. Do learn from other people’s mistakes, but don’t let their failures determine your own potential for success. If you can’t believe that you can succeed where others have failed, then you shouldn’t be in business for yourself to begin with.
By balancing what you should do with what to avoid, you can steer clear of traps and make it to the highway of high earnings in less time and with more confidence.
Dwayne Garrett is the author of several eBooks and popular software applications, he also offers an affordable Shopping Resource that will save you a ton of money on some of todays popular ebooks, softwares and videos. www.BumRushMedia.com
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