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A list of what an entrepreneur ABSOLUTELY needs.

Discussion in 'General Entrepreneur Discussion' started by LivingToLearn32, Nov 6, 2018 at 2:20 PM.

  1. LivingToLearn32
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    LivingToLearn32 New Contributor

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    So I am pursuing entrepreneurship. I'm looking to create a website of my own where I connect other business' together and will offer various products and things to sell. I haven't even created a business plan or even done the full blown execution of planning a business. I'm looking into the market for profiting off using the web as a source of passive income. Very bland and simple sounding so far. Right? Well I have questions then from this point before I even create a business plan or buisness at all or anything like that.
    At this point I'm basically organizing myself and my goals properly before I dissect them and break them down into executing as process. I could really use some guidance and advice.

    Questions:

    1: What subjects should I absolutely study on and research and understand? Ex: Finances, creating a business, leadership.

    2: Where can I go to obtain mentoring whether it be online, over the phone, or in person or maybe a highly recommend course online? (Must get to know the person/people before I meet them on the phone and in person.)

    3: Why should/shouldn't I start a business and if so, what other assets can assist me in pursuit in the internet?
     
  2. DVU
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    DVU In Progress Read Millionaire Fastlane Speedway Pass

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    #1 - Sales
     
  3. lowtek
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    lowtek Platinum Contributor Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass Summit Attendee

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    Critical skills for online businesses: driving traffic, converting traffic.

    Critical skills for business in general: finding a market need you can satisfy in a way that is unique and difficult for competition to replicate.

    Critical skills for success in general: the ability to teach oneself and to persist in the absence of guidance or feedback.

    I don't think you should be looking for mentors at this stage. You'll only get sucked into some third tier guru's sales funnel and end up parting with your hard earned money. Or worse, get suckered into some MLM. This is especially likely if you're looking for that elusive "passive income".

    As a beginner, you should be focused on leveraging your current skill set and natural aptitudes to start generating some type of income as quickly as possible. You will fail many times before you succeed, so make the failures as inexpensive and educational as possible.
     
    Neng Her, Daniel Davis, SMH and 6 others like this.
  4. LivingToLearn32
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    That's quite a different approach. Don't seek mentorship? That's a fair explanation. Well for specifics I suppose ,what books, courses and etc would be useful on finding the subjects you've listed? Being self taught and self solving would definitely be quite a POWERFULL ability to have.
     
  5. daru
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    daru Bronze Contributor Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

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    And don't write a business plan!? :oops:

    If you haven't already read UNSCRIPTED I believe you should start with that.
     
    LivingToLearn32 likes this.
  6. lowtek
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    lowtek Platinum Contributor Read Millionaire Fastlane FASTLANE INSIDER Speedway Pass Summit Attendee

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    I'm actually going to write up my response is a separate thread, since I think this is an important topic.
     

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