10 Steps to Building a Successful Online Business

A No-brainer?

Building a successful online business takes a lot of work, contrary to the blurb on the internet that it is a no-brainer. Those who propagated this talk probably didn’t try to build one in the first place.  It may not be very hard, but it is not easy either. And, it is a lot of work.  Once you set it up, you need to continue working to keep it up.  It’s not like some kind of an auto-pilot thing.

The steps are listed below.

I  – Identify Your Target Audience: Finding your Niche

Continue reading “10 Steps to Building a Successful Online Business”

Best Home Business: Your Passion

More on Your Passion

People who are into research on passion, often come up with ideas that appear to be contradictory.  Some say that following your passion does not necessarily lead to happiness.  Seems like your search for the best home business is in jeopardy.  However, such claims are just opinions, and not backed by research.  Granted that they are expert opinions but still, they are just opinions.

After reading through these write-ups I got the sense that the arguments center on –  trying to find and to follow your passion doesn’t lead to happiness.  It’s like chasing after rainbows.  It’s like saying that it probably doesn’t exist.

On the other hand, the mainstream thought (which are backed by research actually) on passion as the driving force behind success and happiness is focused on actively working on getting involved in your passion.

One argument says –“actively searching for your passion and following it is futile,” and the other says, “working actively on, and getting involved in your passion can lead to a sense of fulfillment and success.”  As you can see, there is no ground for argument because one side is still searching and the other already has one. 

Giving Up on Finding Your Passion?

Continue reading “Best Home Business: Your Passion”

What Is the Best Online Home Business for a Baby Boomer?

“A warrior does not give up what he loves, he finds the love in what he does.” Socrates

It’s About Passion

A baby boomer is a hard worker. There’s no doubt about that. You powered the world economy in the 70’s, 80’s, 90’s and early 2k. But, now you are retired and you deserve a rewarding career that allows you the freedom to work as you choose.

But, at the same time, something that makes an income that gives you enough to have fun in your senior years. This will be your reward for all those years of hard work. You can now focus your work ethic toward having your own online home business. Hard work always brings results.

So, what is the best online home business for a hard-working baby boomer like you? Continue reading “What Is the Best Online Home Business for a Baby Boomer?”

Entrepreneurship and What It Takes To Succeed

Nothing New, But Not Old Hat

If you think entrepreneurship is a 20th century idea you could be wrong. Sometime in the 1800, a Frenchman by the name of Jean-Baptiste Say coined the term entrepreneur, and defined it as someone who “shifts economic resources out of an area of lower and into an area of higher productivity and greater yield.”

In this post I’m going to go into some details about who the entrepreneur is and how he is “different” from the cut-and-dried business owner. If you are an online home business owner it is really a good idea to know how the entrepreneur thinks.

The word entrepreneur has its roots from the French term entreprendre meaning to “undertake.” Back then, the popular understanding of entrepreneur was someone who acts as a contractor between capital and labor. The more modern understanding of an entrepreneur is one who takes great risks in an enterprise in order to achieve high profits.

Risks Scare People

Continue reading “Entrepreneurship and What It Takes To Succeed”

Lessons from Peter F. Drucker

In his last book on management, before his death in 2005, noted management theorist Peter Drucker lists five questions that he insists must be answered if you want to succeed in your business, whether it’s the actual brick and mortar, or home-based business. But, before proceeding any further, a few words about who Drucker was.

Drucker was a recipient of the Presidential Medal of Freedom, the highest award bestowed on a civilian in recognition of “an especially meritorious contribution to the security or national interests of the United States, world peace, cultural or other significant public or private endeavors.” This award was given in 2002 in recognition of his contribution to business and management, and the social sciences.

So, when it comes to business and management, Drucker knew whereof he speaks. Though he hated it, Drucker is often referred to as a management guru. His works challenged conventional and traditional management wisdom and shattered many long standing beliefs about how to run a successful business.

In this post I’m going to enumerate these five questions to provide you with a guide in your online business. Consider it a bit of online business training.

So, hereunder is the list. Take a look at it and see if you’ve gone into any of them and find out if you are on track with answering any or all of them..

1. What is your mission?

Continue reading “Lessons from Peter F. Drucker”

Is Mission the Same as Vision?

CONFUSION

These two terms have been a cause of confusion and disagreements among business people for a long time.  The arguments hinge on the issue that while both may result in the same thing – the achievement of goals, the approaches vary very greatly.

In this post I’m going to go into some detail as to the distinction between Mission and Vision. Online home business owners will find the distinction very helpful in their efforts to succeed.

Management experts do not agree Continue reading “Is Mission the Same as Vision?”