10May
18Apr
4 MAJOR DIFFERENCES BETWEEN A STARTUP AND AN ONLINE SMALL BUSINESS
What are the key differences between a startup and a small business? Failure is one metric where small businesses and startups converge, i.e. about 2 out of 10 businesses fail during the first year, likewise 9 out of 10 startup fail. Let me summarize how the two differ. Small business are generally funded by the owners themselves, which means they are focused on profitability right from the start. Startups are more focused on revenues and growth during their early years. Small...
06Apr
Frequently Asked Questions About Internet or Online Businesses – Part 2
I thought it would be helpful if I take some of the top questions that have been asked about the internet or online business and share my take on each of those. In my answers, you will find both strategic or big picture as well as short-term and tactical information that you can put to use immediately. So here we go folks. https://www.youtube.com/watch?v=GLRIiQv1qEk #1. How to start internet business with no money? Before we get into details, let me tell you that...
23Mar
Building Support Systems to Ensure Your Long-Term Online Business Success
Last time, we discussed CONVERSION which is one of the four key areas within Online Business Mastery framework. If you’ve been following this video or blog series, you may recall that Online Business Mastery framework consists of four key areas. Offer, Traffic, Conversion and Support Systems. Online Business Mastery framework covers everything you need to know to get started, grow and scale your online businesses. If you have not watched the introductory video, I strongly suggest you do so...
20Dec
Building an Online Business: Why Passive Income is THE Way!
While wealth represents what a person owns, income is what he or she makes in the form of consistent recurring cash inflow. If your outflow is smaller than inflow, i.e. you are able to save money then that would allow you to accumulate wealth over time. There are three types of incomes out there. Earned, portfolio and passive income. Let's unpack each of them. 1. Earned Income It is generated by exchanging your time for money, i.e. by actively working without any...
20Nov
