The big question is “Are you ready to earn money online”, if “Yes” then you are about to become an Online Business Entrepreneur.
The next question is “Who is an Online Business Entrepreneur? There are so many definitions and I am sure they are all correct. For me the simple definition is :
An Online Business Entrepreneur is a person who:
- takes a risk in business.
- commits time, energy, ability, skills and resources together in order to make a profit.
- creates an opportunity and is willing to use time, skills and money to add to bring that opportunity to life
- willing to face the uncertainties/risks of running a business and find ways to weather the storms.
So are you an Online Business Entrepreneur?
There are many business opportunities online you just have to be able to identify them. Anywhere there is a problem there is also an opportunity. Entrepreneurs see opportunities where others see a problem.
- John Issa saw the opportunity in tourism that successive governments did not.
- Joseph Matalon successfully operates his family business which started decades ago.
- Butch Stewart and Michael Lee-Chin are examples of big risk takers.
In Jamaica’s present economic condition you have to think outside the box and prepare to take the risk. One very lucrative and rarely ventured area is the online business.
Characteristics of an Online Business Entrepreneur
Starting a business and nurturing it to be successful is a lot of work. The hours can be long and gruelling with little or no reward in the beginning. Sacrifices will become your best friend and you are assaulted with new problems and challenges every day with seemingly no end. If you don’t have the inner strength and that bulldog faith that only comes from within you could easily give up.
The truth is entrepreneurship is not for everyone. But how do you know whether you have what it takes to be an online business entrepreneur?
Willing to Learn
An Online Business Entrepreneur is open-minded and is willing to learn from others. You may think you have a very good business plan, (in fact it might be) but you have to develop the art of learning to take in the opinions of others, know what to use and what to discard.
You have to be your greatest motivator, believe that whatsoever you have invested your time, energy and resources into it will succeed. Nobody succeeds by sitting down and waiting for someone to make it happen. You have to create your own dreams find the way to make it happen and find the right people to help you.
Able to accept criticism
Accepting rejection or constructive criticism will take you a long way along the journey of success in making you a successful entrepreneur. Criticism tells you what you are not doing properly or where changes are needed. Don’t take criticism personal accept it as a learning tool and use it to your advantage. It will be hard and can be discouraging but as an online business entrepreneur, you have to be strong mentally.
A person of Integrity
Most businesses are sustainable because there is a common, understood code of ethics universally that underpins the very fabric upon which business is conducted. Unscrupulous and dishonest business operators may see success in the short term, but they invariably lose out in the long run.
As an online business entrepreneur, you have to be able to stick with it even when they have to go it alone. You have to possess the stamina to be able to deal with obstacles. A business does not see success overnight, and turning your dreams into a reality will take time. You will have to get used to people saying no to you. One of the things that make an online business entrepreneur great is having the perseverance to grow regardless of how many times he/she gets knocked down.
You have to start your business with a dream and a vision in mind; act upon that dream by taking small steps towards accomplishing your goal. Not all these steps will be easy so you have to develop guts and a strong will to persevere. Unfortunately, nothing worth fighting for is easy to attain. As a successful online business entrepreneur, you will only make through the difficult times by being strong-willed.
Tips to Becoming a Successful Online Business Entrepreneur
Becoming a successful entrepreneur does not happen overnight it takes hard work and commitment. People work hard, learn the ins-and-outs of their business, and apply the methods that work in order to become successful. When you are starting out as an entrepreneur, you want to make sure you know what makes successful entrepreneurs.
What do successful entrepreneurs and business people like Butch Stewart, Michael Lee-Chin and Bill Gates have in common? Let me share some of their secrets with you.
Never Take “NO” for an Answer
Successful entrepreneurs always find the willpower to go on even after many let-downs and disappointments because they never took “no” for an answer. This is the kind of spirit successful folks like Richard Branson and Butch Stewart have in them.
You have to be prepared for the disappointments and the lack of support when you reach out for assistance from friends and family or other people around you, and they turn you down, do not take their response to your requests as a determinant factor to your success.
Work like You’re Going to Retire Tomorrow
As an entrepreneur, you have to work like you are going to retire tomorrow. In the spirit of every successful entrepreneur is the desire to work hard. Successful entrepreneurs find fun and joy in hard work. So they never get tired. So when success finally comes they are well-prepared for it.
Find a Mentor
One of the most common thing among most successful entrepreneurs is that they all have a mentor. As an entrepreneur, you should have a successful role model whose experience will guide your career. This means you need someone who is successful and is willing to share their experiences with you.
If you find it difficult convincing your role model to mentor you, then work hard to impress them. You can also learn from someone by being an avid reader of their works. Most successful entrepreneurs are also very good authors. Find books written by them and learn from them.
Spy on Your Competitors Every Now and Then
One good thing about being in business is that you have the freedom to learn from your competitors. There are many competitors that are way more successful than you are. The chance of them sharing their business strategies with you are very slim so one of the best ways to learn from them is to spy on them. You can do this by buying their product/services, become one of their customers by doing so you can learn from their mistakes and apply their best practices to your business.
Be Humble and Stay Hungry
As an entrepreneur, you have to remain humble and keep your “feet on the ground” and always stay hungry as Steve Jobs always said. He was actually fired from the company he later came back and saved it.
By staying hungry, you’ll be willing to learn new things that could come in handy in the future. The moment you become complacent, you allow others to overtake you and leave you behind.
Be Helpful to People
You have to develop the habit of being helpful to others without expecting anything in return. When you are helping others you get a sense of satisfaction which helps to keep you motivated.
One thing I’ve also learned from successful entrepreneurs is the most successful never get tired of doing good.
Move with a Go-getters
The people you move with as an entrepreneur can also determine how soon you’re going to become successful. That is why it’s advisable to move with a pack of reliable people.
Don’t be afraid to dream big. Successful entrepreneurs achieve because of their big dreams. The co-founders of Google once said their marketing officer once asked them who they wanted to market to and they responded by saying the whole world. Well, if dreaming big hurts, Google certainly did not get that memo.
As an entrepreneur should learn to love yourself. You cannot let what other people say or think about you affect your ability to progress. You cannot please everybody so don’t worry if you hurt a few people or lose a couple of friends. In the entrepreneurial world, you need to give yourself all the love you can afford. Most people won’t care about your feelings. Everybody is busy trying to win, so stop worrying about pleasing others and start loving yourself!
Entrepreneurs are the backbone of most economies and Jamaica is no different. Take that leap of faith today and become an online entrepreneur and help to rebuild the economy of our country. The desire to succeed is embedded in every one of us, just tap into your inner self and unleash your potential.