The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success

A list of what an entrepreneur ABSOLUTELY needs.

Accelerate wealth. Build a business that pays freedom. Join more than 70,000 entrepreneurs and register for the Fastlane Entrepreneur forum. Remove ads? Join the INSIDERS.

G

Guest61835

Guest
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?
 

Don't like ads? Remove them while supporting the forum. Subscribe.

lowtek

Legendary Contributor
EPIC CONTRIBUTOR
FASTLANE INSIDER
Read Millionaire Fastlane
Summit Attendee
Speedway Pass
Oct 3, 2015
2,102
6,844
1,510
39
Phoenix, AZ
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.
 
G

Guest61835

Guest
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.
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.
 

daru

Bronze Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Feb 11, 2017
166
283
176
Earth
And don't write a business plan!? :oops:

If you haven't already read UNSCRIPTED I believe you should start with that.
 

lowtek

Legendary Contributor
EPIC CONTRIBUTOR
FASTLANE INSIDER
Read Millionaire Fastlane
Summit Attendee
Speedway Pass
Oct 3, 2015
2,102
6,844
1,510
39
Phoenix, AZ
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.

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

Guest61835

Guest
Here is my execution thread on the progress of my business being setup.

 

ChrisV

Legendary Contributor
EPIC CONTRIBUTOR
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
May 10, 2015
3,139
6,869
1,512
Islands of Calleja

Sponsored Offers

Introducing MJ's Personal Unscripted Network, Join Now for FREE!
Text from today... Muhammad Ali said, "I hated every minute of training", but followed with...
  • Sticky
MARKETPLACE NEW: The Best School for Going Fastlane (Now open for summer enrollment)
With 300+ students, the method and/or main sources of traffic don't saturate? Seems web design...
MARKETPLACE Fox Web School "Legend" Group Coaching Program 2021
Hi - I sent out some emails with the updates but I'll PM you now also, thanks. The issue is...
MARKETPLACE Not sure how to start? This free book will teach you how to build a successful web design business
Hi Fox. Starting the book and got through the introduction. Had a conversation with Andy Black...
  • Sticky
MARKETPLACE You Are One Call Away From Living Your Dream Life - LightHouse’s Accountability Program ⚡
Chris is super sharp and is aware of many facets of entrepreneurship and can help get your...

Learn Fastlane Business Skills & Get Profitable Within 30 Days...

Get Started Now

Don't like ads? Remove them while supporting the forum. Subscribe.

New Topics

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Ideas needing execution, more!

Join Fastlane Insiders.

Top Bottom