Why 80% of Online Entrepreneurs Quit
I was watching one of my favorite online entrepreneur focused YouTube channels earlier.
Will Freeman at Revolutionary Lifestyle Design.
Give his videos a watch when you have a chance, his channel has nowhere near the number of subscribers it deserves.
The topic of discussion was the trials and tribulations of online entrepreneurs.
More importantly, how to handle uncertainty.
One of the biggest questions being, what if I go broke in pursuit of my dreams?
A subject I’ve struggled with a lot over the years. Especially in the beginning when I wasn’t making much money with my business.
Needless to say, I made a lot of sacrifices along the way.
Including shopping for the cheapest ramen (yes, it does exist) to save the equivalent of 3 cents per meal.
Losing sleep because it was swelteringly hot (37C) yet I couldn’t afford to run the air conditioning in my apartment.
Calculating to the penny the cheapest combination of food I could get from 7/11 that would give me enough calories for the day.
And so on and so forth.
At times like these, it would have been so easy to just give up.
Get one of those “regular jobs” people talk about.
But I couldn’t.
I simply wouldn’t allow it.
80% of people would have.
Which is why 80% of online entrepreneurs fail.
What Will talked about in this video, is something a lot of other successful entrepreneurs have discussed in the past.
That being…it’s not a matter of intelligence.
Not a matter of “gifts” or “talents”.
It’s that the single biggest trait of a successful entrepreneur is unabashed resiliency, and refusal to quit.
If you’re a boxing fan, remember the first Corrales-Castillo fight? If not – check it out on YouTube
Where Diego Corrales (RIP) came back from 2 knockdowns in the 10th round to stop Castillo on his feet.
Man, if that wasn’t a show of refusal to quit – I don’t know what was.
So next time you go through an entrepreneurial challenge.
Whatever it may be.
Just remember, don’t be part of the 80%.
Oliver
P.S. My course for increasing your self publishing income will help alleviate a lot of your fears about running out of money http://doubleyourkindlesales.com
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