The 3 Things I Wish I Would Have Done When I First Started My Online Business

Started Sooner 

I wish I would have started my online business sooner. I was so intrigued by the idea of having an online business that makes money while you sleep. The problem was that I didn’t know anything about it. Heck, I knew very little about computers or the Internet until 2008. I was quite late to the party. My family didn’t have a computer when I was growing up in the late 90s to early 2000s. I felt I had a disadvantage for being so behind the times. I thought, maybe I should leave that to others who are far ahead of me, and I’ll do something else. Boy, was I wrong! Now I hear people tell similar stories all the time. If you find yourself in this boat, here’s my advice to you:

Don’t procrastinate. Don’t feel like you’re not ready. It’s not ready, aim fire. It’s fire, aim, ready. Be bold and take the first action step towards your dreams.

My train of thought began to change after I joined a network marketing company that gave me an excellent book in the starter kit. That book was called The Cashflow Quadrant by Robert Kiyosaki. It took me from being a person who hated to read to someone who couldn’t wait to get my hands on the next piece of information that would change my worldview. It didn’t take long before that happened. I began reading anything I could get my hands on that would help me improve my life.

I went from struggling to read a single book to being addicted to learning, reading and listening to audiobooks. I knew I would write a book…one day. But I thought that day was far away. After all, I still had so much to learn. I thought I wasn’t worthy. I thought it would be something I’d do late in life. It’s actually kind of strange because that’s not really how I felt in other areas. For example, I was 18 years old when I was dressing up in my uncle’s old suits and shopping for 4-unit apartment buildings. That’s because after reading The Cashflow quadrant I started reading books about investing in real estate. I knew that four units would still qualify as residential property and therefore would be easy to obtain financing for. Anything over four units would have been considered commercial property and would have been much harder to get.

My Dad thought I was crazy because I still lived with him. He said things like, “Boy, you need to rent an apartment first. Then you can buy a house one day.” But I didn’t want that. I didn’t want to throw my money away towards rent. I didn’t even want to throw my money away on a single-family house where most of my mortgage payments went towards paying interest. I wanted to rent out three units and live for free in the fourth unit. That way I could save as much money as I could to put towards future investments. This is the type of invaluable insight I got from reading The Cashflow Quadrant.

I didn’t think I was too young to buy an apartment building either. Why I thought I couldn’t start a successful online business is beyond me. It took me three years before I reached my goal, mostly because I moved to Florida and started fresh. My first property had only two houses instead of four, but the rent from one house and additional rent from roommates covered all my expenses. A success! I got my real estate license shortly after that and became a Realtor. I was the youngest one in the office and already owned two houses while many older agents didn’t even own their own home yet. I didn’t see my youth as a weakness. I saw it as a strength.

The funny thing is, I didn’t really want to be a Realtor. I wanted to be an Author. I learned a lot from the books I had read and was excited to build up my residual cash flow. I wanted to create enough streams of passive income to support my moderate lifestyle. And I would have loved to have done it by creating information products, just like the ones that inspired me so much. However, because I felt I wasn’t ready, I postponed my dream. I tried other business ventures waiting on the day that I would become ready. And it wasn’t until all the things that I was doing came to an end that I realized I was in fact ready. But now that I look back at it, I was ready the whole time! There was nothing stopping me from sharing my message with the world except myself!

Pursued what I’m most passionate about in life

This kind of ties into the first one, but its importance can’t be understated. As the saying goes, “when all work is play, you’ll never have to work another day.” Follow your dreams. You have to do some soul searching first, before you discover what it is you’re most passionate about. And you have to find your passion before you should get started. As Stephen Covey said, “Don’t climb the ladder of success, only to get to the top and realize the ladder was up against the wrong building.”

Some people already know what they’re passionate about and what they want to do. And that’s great! But for those that don’t, here are a few questions to ask yourself:

  • If you knew without a doubt that you would be successful, what’s the one thing you’d want to do with your life?
  • What do you do that brings you the most joy?
  • Is there something that makes you come alive when you talk about or do it?
  • If money weren’t an issue, what would you like to do with your life?

Your passion can make you lose track of time because time flies when you’re having fun. When you’re doing it, you may not feel any signs of fatigue because you’re so engrossed with what you’re doing. If you notice things like this about whatever you answered to the questions above, you may have just discovered your passion!

Paid someone to create my website

I struggled to build my own website in the early days. I listened to the audiobook of Multiple Streams Of Internet Income by Robert Allen and was convinced that online businesses were the future. Not only did I want a website, I wanted to know how it was built. That way I’d have an understanding of the process so I’d be one step ahead whenever I built another one.

After a while of seemingly beating my head on a brick wall, I broke down and offered to pay someone if they agreed to let me watch them as they were in the process of building it. Basically, I wanted to watch the process so I could learn along the way. Well, that ended up being a disaster. It was a great idea, but I pretty much got burnt.

I tried to pick up where he left off by continuing to build it on weebly.com. But after putting in a lot of time in it, I just wasn’t happy with the look of the site. I built dozens of pages and was very happy with all of the content on my site, but I never did much with it because one look at it and you could tell it was built by an amateur.

It took me about four years after that to learn WordPress and get my site where I wanted it to be. Instead of being cheap and not paying anyone, I should have paid the price to get it built because I’d be 4 years ahead of where I am now.

I’m telling you all of this so you don’t make the same mistakes I did. Figure out what you want to do. Find out what the first major step is that needs to be done, and take the first step towards accomplishing it, everyday doing one more thing to get you closer to your dream.

Cheers to the first day of the rest of your life.

Jeremy Kinney is a health advocate, independent thinker, and an avid researcher for truth and knowledge. At a young age he discovered powerful information in books that wasn’t widely known. He has been on a journey ever since learning about personal development, monetary principles, health and wellness, and any other topic related to improving himself and making the world a better place. Jeremy is the founder of www.TheAwarenessRevolution.com, where he pursues his passion and shares his knowledge to help others. He lives in Orlando, Florida.

How are They Doing Startup in Israel?

Earlier this year I had a conversation with Lior Degani, co-founder of Swayy (now Similar Web after the acquisition) for The Entrepreneurial You podcast.
Here’s what Lior said in our conversation when asked about his top 3 mistakes during his startup phase.

1. We didn’t share our idea with anyone – maybe we were afraid anyone would steal our idea. We did this for a year. You should never be afraid of sharing your idea. An idea in and of itself means nothing. It’s about the execution, it’s about the people behind the idea. Even if someone thinks your idea is great and are going to do it themselves, if you believe in yourself you will do it better.

2. We were looking to raise money from VCs and Angels but we decided to spend on our own and quit our jobs. Although it seems like a great thing to do because it means that you believe in your start up, that’s wrong because you shouldn’t spend money on your start up because it really gives you no other option to live. It makes you more stressful and dependent. It makes your lifespan shorter. You cannot always spend time on your startup because you’re always worried about money. From a financial perspective, when you’re spending money from your own pocket, there is no end to it. There is no budget.

3. We wanted to build the best and most comprehensive product that the world has ever seen which is completely against any idea of lean start up. When we started, it wasn’t there yet where everyone knows about Minimum Viable Product (MVP). We just thought that if a product is not good enough, no-one would use it so we would rather build the best product we can, which is against any common sense. When you try out something simple, the basic, the core of your product, you collect feedback from your users, you see if you can even get users. Why would you spend so much time building the best future if no one would use it? We built a super complicated and probably useless product which took us more time and more money.

Now can you identify with any of these mistakes Lior and his other co-founders made?

You can listen to the podcast episode here in the event you missed it.

By now you know I’ve created The Entrepreneurial You Virtual SME Conference & Expo happening 25th-28th September.  I’m bringing back some of your favoruites from the podcast for 4 full days of rich content to ignite your passion.
Included in the line-up is of course Lior Degani. I’ve gotten to know Lior personally and I know he is going to inspire you as he shares story of his journey with you.

As mentioned earleir, Lior is Co-founder of Swayy (Acquired by SimilarWeb). He mentors at Google Campus in Tel Aviv to startups with Growth and Go to Market strategy as part of the Google Launchpad program.

He specializes in system engineering, growth hacking and data analysis, with over 10 years experience working in Telecom and Startup companies, as well as serving in the prestigious IDF unit 8200 – an elite intelligence unit which has spawned many successful Hi-Tech entrepreneurs over the years.

Lior lives in Tel Aviv, Israel.

Sign up now or share with a friend. This is going to be EPIC!
Can’t wait to have you join us.
The ugly truth about being an entrepreneur – 3 things that will trigger second thoughts

The ugly truth about being an entrepreneur – 3 things that will trigger second thoughts

Being an entrepreneur can be exciting, fulfilling and exceptionally rewarding. The adrenaline rush that accompanies the ability to risk it all for the sake of that thing that you love gives life to your soul.

But is it all what entrepreneurs make it out to be? Is all that entrepreneurial glitter, really gold? Truth be told, the journey of an entrepreneur is not without its many valleys. Yes, they are peaks too but they can be short-lived.

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