Comments on: 7 Reasons My First Business Failed http://www.quicksprout.com/2009/01/25/7-reasons-my-first-business-failed/ I'm Kind of a Big Deal Sat, 13 Mar 2010 19:47:59 +0000 http://wordpress.org/?v=2.8.4 hourly 1 By: Spam Check http://www.quicksprout.com/2009/01/25/7-reasons-my-first-business-failed/#comment-64166 Spam Check Sun, 07 Mar 2010 06:07:46 +0000 http://www.quicksprout.com/?p=571#comment-64166 I got what it takes to beat my competitors in my blog. I don't mind whether they have a team of SEO or SEMs I can beat them using my dedication and heart. I got what it takes to beat my competitors in my blog. I don’t mind whether they have a team of SEO or SEMs I can beat them using my dedication and heart.

]]> By: 10 Business Mistakes That Will Nearly Break You… Literally http://www.quicksprout.com/2009/01/25/7-reasons-my-first-business-failed/#comment-60271 10 Business Mistakes That Will Nearly Break You… Literally Mon, 28 Dec 2009 16:29:44 +0000 http://www.quicksprout.com/?p=571#comment-60271 [...] have to a tendency to mess things up through stupid mistakes. So save yourself from being one of these foolish entrepreneurs by avoiding the following [...] [...] have to a tendency to mess things up through stupid mistakes. So save yourself from being one of these foolish entrepreneurs by avoiding the following [...]

]]> By: Neil Patel http://www.quicksprout.com/2009/01/25/7-reasons-my-first-business-failed/#comment-59277 Neil Patel Thu, 17 Dec 2009 01:50:29 +0000 http://www.quicksprout.com/?p=571#comment-59277 Yes, put it into actin because without any action, there won't be any reaction. Yes, put it into actin because without any action, there won’t be any reaction.

]]> By: Guildford http://www.quicksprout.com/2009/01/25/7-reasons-my-first-business-failed/#comment-59139 Guildford Wed, 16 Dec 2009 06:19:22 +0000 http://www.quicksprout.com/?p=571#comment-59139 You have mentioned a very good saying: is solving a unique problem that others haven’t solved yet. When doing any site, i have to put that in mind, then i am sure it will help. You have mentioned a very good saying:
is solving a unique problem that others haven’t solved yet.
When doing any site, i have to put that in mind, then i am sure it will help.

]]> By: Neil Patel http://www.quicksprout.com/2009/01/25/7-reasons-my-first-business-failed/#comment-56907 Neil Patel Wed, 02 Dec 2009 02:33:30 +0000 http://www.quicksprout.com/?p=571#comment-56907 Personal experiences are the best, so if you must, than please make as many mistakes as you can ;) If you can though, just learn from mine and save yourself the time. Personal experiences are the best, so if you must, than please make as many mistakes as you can ;) If you can though, just learn from mine and save yourself the time.

]]> By: SiteFiend http://www.quicksprout.com/2009/01/25/7-reasons-my-first-business-failed/#comment-56880 SiteFiend Wed, 02 Dec 2009 00:32:45 +0000 http://www.quicksprout.com/?p=571#comment-56880 Very interesting post here Neil. I will try and learn from your mistakes even though personal experience can be better than anything else! Thanks :) Very interesting post here Neil. I will try and learn from your mistakes even though personal experience can be better than anything else!
Thanks :)

]]> By: Joshua http://www.quicksprout.com/2009/01/25/7-reasons-my-first-business-failed/#comment-54660 Joshua Sun, 01 Nov 2009 08:29:10 +0000 http://www.quicksprout.com/?p=571#comment-54660 You never fail if you never give up if the website failed and you tried somthing new then you never did fail. You business may have not suceeded but you learned alot which means what you suceeded. You never fail if you never give up if the website failed and you tried somthing new then you never did fail. You business may have not suceeded but you learned alot which means what you suceeded.

]]> By: Danail Donchev http://www.quicksprout.com/2009/01/25/7-reasons-my-first-business-failed/#comment-51999 Danail Donchev Wed, 02 Sep 2009 05:48:01 +0000 http://www.quicksprout.com/?p=571#comment-51999 Most people don't think about driving traffic to their website until they launch it.But without it your website is nothing just another uselesss.com project.Find a niche before starting a project because the competition is huge in some niches.One more thing you must be realistic about your goals.If it is your first business online do not attempt to compete with the sharks like Neil did. Be unique. Most people don’t think about driving traffic to their website until they launch it.But without it your website is nothing just another uselesss.com project.Find a niche before starting a project because the competition is huge in some niches.One more thing you must be realistic about your goals.If it is your first business online do not attempt to compete with the sharks like Neil did.
Be unique.

]]> By: Neil Patel http://www.quicksprout.com/2009/01/25/7-reasons-my-first-business-failed/#comment-50897 Neil Patel Sun, 09 Aug 2009 15:08:20 +0000 http://www.quicksprout.com/?p=571#comment-50897 ROFL that's hilarious. Too bad your mom caught you. ROFL that’s hilarious. Too bad your mom caught you.

]]> By: Dave http://www.quicksprout.com/2009/01/25/7-reasons-my-first-business-failed/#comment-50817 Dave Sat, 08 Aug 2009 00:50:36 +0000 http://www.quicksprout.com/?p=571#comment-50817 thanks for sharing neil.. :) i remember my first venture when i was trying to sell gum at school(i was about10).. the uniqueness of my business model was the country i was attending school in banned chewing gum.(yea shocking) i got my "inventory" during weekly family visits to a neighbouring country. profits and margins were coz my sales were in a currency that was higher than the currency of my inventory. you must have guessed, mom caught me and that was the end of it. *hint: not many countries ban chewing gum :( thanks for sharing neil.. :)

i remember my first venture when i was trying to sell gum at school(i was about10).. the uniqueness of my business model was the country i was attending school in banned chewing gum.(yea shocking) i got my “inventory” during weekly family visits to a neighbouring country. profits and margins were coz my sales were in a currency that was higher than the currency of my inventory.

you must have guessed, mom caught me and that was the end of it.

*hint: not many countries ban chewing gum :(

]]> By: 51 Ways to Become a Better Entrepreneur http://www.quicksprout.com/2009/01/25/7-reasons-my-first-business-failed/#comment-50801 51 Ways to Become a Better Entrepreneur Fri, 07 Aug 2009 22:49:41 +0000 http://www.quicksprout.com/?p=571#comment-50801 [...] the past 8 years I have started around 9 companies. Sadly most of them failed, but the good news is, I have learned a lot over the years. Some of these things maybe obvious to [...] [...] the past 8 years I have started around 9 companies. Sadly most of them failed, but the good news is, I have learned a lot over the years. Some of these things maybe obvious to [...]

]]> By: Neil Patel http://www.quicksprout.com/2009/01/25/7-reasons-my-first-business-failed/#comment-50661 Neil Patel Wed, 05 Aug 2009 05:20:30 +0000 http://www.quicksprout.com/?p=571#comment-50661 Ouch, that's a bummer. Talk about bad luck. Unfortunately, employees do cause may challenges, but if you can find the right ones to mold and train, you'll find yourself living a lot happier. Ouch, that’s a bummer. Talk about bad luck. Unfortunately, employees do cause may challenges, but if you can find the right ones to mold and train, you’ll find yourself living a lot happier.

]]> By: used tires http://www.quicksprout.com/2009/01/25/7-reasons-my-first-business-failed/#comment-50593 used tires Mon, 03 Aug 2009 17:28:51 +0000 http://www.quicksprout.com/?p=571#comment-50593 Here are some of the reasons why business my family have had failed. 1) When we had a super market, employees stole from us alot. 2) When we had a pizzeria, we didn't investigate the pizzeria enough before buying it, and we had to pay back taxes from a previous owner, that really set us back in the hole before even starting the business. Not to mention that on our first day we were really busy, and 2 of the employees decided to quit on the first day, they no-showed which really screwed us over and lost alot of our business clients. Till then, Jean Here are some of the reasons why business my family have had failed.

1) When we had a super market, employees stole from us alot.

2) When we had a pizzeria, we didn’t investigate the pizzeria enough before buying it, and we had to pay back taxes from a previous owner, that really set us back in the hole before even starting the business. Not to mention that on our first day we were really busy, and 2 of the employees decided to quit on the first day, they no-showed which really screwed us over and lost alot of our business clients.

Till then,

Jean

]]> By: Thinking about starting a business? Here is why you shouldn't! http://www.quicksprout.com/2009/01/25/7-reasons-my-first-business-failed/#comment-50313 Thinking about starting a business? Here is why you shouldn't! Tue, 28 Jul 2009 18:57:19 +0000 http://www.quicksprout.com/?p=571#comment-50313 [...] firing someone isn't the worst thing you'll have to do. Every business has it's own set of problems; you just have to be willing to lay down the law, when the time is right. It won't feel right, [...] [...] firing someone isn’t the worst thing you’ll have to do. Every business has it’s own set of problems; you just have to be willing to lay down the law, when the time is right. It won’t feel right, [...]

]]> By: Neil Patel http://www.quicksprout.com/2009/01/25/7-reasons-my-first-business-failed/#comment-50228 Neil Patel Mon, 27 Jul 2009 01:04:41 +0000 http://www.quicksprout.com/?p=571#comment-50228 No risk=no reward. So it's wise to just fail forward fast. No risk=no reward. So it’s wise to just fail forward fast.

]]> By: Neil Patel http://www.quicksprout.com/2009/01/25/7-reasons-my-first-business-failed/#comment-50227 Neil Patel Mon, 27 Jul 2009 01:03:55 +0000 http://www.quicksprout.com/?p=571#comment-50227 K.I.S.S Some of the best ideas are the most simple. K.I.S.S Some of the best ideas are the most simple.

]]> By: cheapdvds http://www.quicksprout.com/2009/01/25/7-reasons-my-first-business-failed/#comment-49203 cheapdvds Fri, 10 Jul 2009 08:58:14 +0000 http://www.quicksprout.com/?p=571#comment-49203 Well, I'm afraid that sometimes, in pursuit of perfection, I tend to make things way too complicated. I appreciate that you mentioned this point. It consumes a lot of time and effort, and it's is often totally counterproductive. Well, I’m afraid that sometimes, in pursuit of perfection, I tend to make things way too complicated. I appreciate that you mentioned this point. It consumes a lot of time and effort, and it’s is often totally counterproductive.

]]> By: Neil Patel http://www.quicksprout.com/2009/01/25/7-reasons-my-first-business-failed/#comment-48086 Neil Patel Fri, 22 May 2009 02:48:19 +0000 http://www.quicksprout.com/?p=571#comment-48086 Yea, there was an article in the news paper about her. Yea, there was an article in the news paper about her.

]]> By: Jermaine Pleas http://www.quicksprout.com/2009/01/25/7-reasons-my-first-business-failed/#comment-48049 Jermaine Pleas Wed, 20 May 2009 09:51:05 +0000 http://www.quicksprout.com/?p=571#comment-48049 I was reading about a young girl that makes money doing that too. I can't remember her name, but she makes millions every year from creating templates for myspace, and facebook users. That's cool! I was reading about a young girl that makes money doing that too. I can’t remember her name, but she makes millions every year from creating templates for myspace, and facebook users. That’s cool!

]]> By: Neil Patel http://www.quicksprout.com/2009/01/25/7-reasons-my-first-business-failed/#comment-48038 Neil Patel Tue, 19 May 2009 23:33:55 +0000 http://www.quicksprout.com/?p=571#comment-48038 Good point. Thanks for pointing out that niche. People like Zac Johnson have made hundreds and thousands from the MySpace.com templates. Good point. Thanks for pointing out that niche. People like Zac Johnson have made hundreds and thousands from the MySpace.com templates.

]]> By: The Work At Home Blog http://www.quicksprout.com/2009/01/25/7-reasons-my-first-business-failed/#comment-48022 The Work At Home Blog Tue, 19 May 2009 22:11:40 +0000 http://www.quicksprout.com/?p=571#comment-48022 The thing about the internet is its still evolving at a young stage for marketers and businesses online. There's an open market out there you just need to find where they lie at. Websites developing templates for Myspace.com users is a excellent idea which was a huge niche. The only problem is some people didn't have any Web Designing, HTML, PHP, CSS skills. So now here's another niche for individuals to take in which was teaching computer language skills for people who want to create templates, websites, etc. It goes on and on. Excellent post Neil! The thing about the internet is its still evolving at a young stage for marketers and businesses online. There’s an open market out there you just need to find where they lie at. Websites developing templates for Myspace.com users is a excellent idea which was a huge niche. The only problem is some people didn’t have any Web Designing, HTML, PHP, CSS skills. So now here’s another niche for individuals to take in which was teaching computer language skills for people who want to create templates, websites, etc. It goes on and on. Excellent post Neil!

]]> By: Neil Patel http://www.quicksprout.com/2009/01/25/7-reasons-my-first-business-failed/#comment-47850 Neil Patel Sun, 17 May 2009 00:55:57 +0000 http://www.quicksprout.com/?p=571#comment-47850 You should never get too comfortable. If you are, you need to figure out how to get that energy back that caused you to not be comfortable. You should never get too comfortable. If you are, you need to figure out how to get that energy back that caused you to not be comfortable.

]]> By: Neil Patel http://www.quicksprout.com/2009/01/25/7-reasons-my-first-business-failed/#comment-47841 Neil Patel Sun, 17 May 2009 00:44:25 +0000 http://www.quicksprout.com/?p=571#comment-47841 It is a numbers game. I have done alright because I have created so many businesses, not because I am smarter than the next person. It is a numbers game. I have done alright because I have created so many businesses, not because I am smarter than the next person.

]]> By: Flexcin http://www.quicksprout.com/2009/01/25/7-reasons-my-first-business-failed/#comment-47761 Flexcin Wed, 13 May 2009 19:43:58 +0000 http://www.quicksprout.com/?p=571#comment-47761 Great points on getting too comfortable. The rush of getting a new site launched then seeing traffic is great. After that initial rush its easy to just sit back and not promote anymore. Great points on getting too comfortable. The rush of getting a new site launched then seeing traffic is great. After that initial rush its easy to just sit back and not promote anymore.

]]> By: cheap designer handbags http://www.quicksprout.com/2009/01/25/7-reasons-my-first-business-failed/#comment-47733 cheap designer handbags Tue, 12 May 2009 14:50:54 +0000 http://www.quicksprout.com/?p=571#comment-47733 Robert Kiyosaki says they mostly fail because it's the wrong offer for the market (no message to market match) but he also says "if 19 out of 20 businesses fail, you need to be ready to start 20 businesses". Interesting advice, but with proper research you shouldn't need to go through 19 other businesses. Robert Kiyosaki says they mostly fail because it’s the wrong offer for the market (no message to market match) but he also says “if 19 out of 20 businesses fail, you need to be ready to start 20 businesses”.

Interesting advice, but with proper research you shouldn’t need to go through 19 other businesses.

]]> By: Neil Patel http://www.quicksprout.com/2009/01/25/7-reasons-my-first-business-failed/#comment-47693 Neil Patel Tue, 12 May 2009 04:48:14 +0000 http://www.quicksprout.com/?p=571#comment-47693 It happens a lot. Once you make some money, you don't want to put in the time to make more. It happens a lot. Once you make some money, you don’t want to put in the time to make more.

]]> By: Jermaine Pleas http://www.quicksprout.com/2009/01/25/7-reasons-my-first-business-failed/#comment-47650 Jermaine Pleas Mon, 11 May 2009 21:45:35 +0000 http://www.quicksprout.com/?p=571#comment-47650 LOL. getting too comfortable. This happens to all first timer entrepreneur. When the competition gets heavy then you know when you are slacking. LOL. getting too comfortable. This happens to all first timer entrepreneur. When the competition gets heavy then you know when you are slacking.

]]> By: Neil Patel http://www.quicksprout.com/2009/01/25/7-reasons-my-first-business-failed/#comment-47384 Neil Patel Wed, 06 May 2009 06:46:46 +0000 http://www.quicksprout.com/?p=571#comment-47384 No problem. Keep on pushing away and you will do well. No problem. Keep on pushing away and you will do well.

]]> By: Patrick Barbeau » Blog Archive » Neil Patel’s 7 reasons of his first business failure http://www.quicksprout.com/2009/01/25/7-reasons-my-first-business-failed/#comment-47164 Patrick Barbeau » Blog Archive » Neil Patel’s 7 reasons of his first business failure Sat, 25 Apr 2009 01:08:59 +0000 http://www.quicksprout.com/?p=571#comment-47164 [...] http://www.quicksprout.com/2009/01/25/7-reasons-my-first-business-failed/#more-571 Business, Entrepreneur, Web [...] [...] http://www.quicksprout.com/2009/01/25/7-reasons-my-first-business-failed/#more-571 Business, Entrepreneur, Web [...]

]]> By: Kampanye Damai http://www.quicksprout.com/2009/01/25/7-reasons-my-first-business-failed/#comment-47158 Kampanye Damai Fri, 24 Apr 2009 10:00:01 +0000 http://www.quicksprout.com/?p=571#comment-47158 I usually have an pessimistic when one day my blog position and traffic is decrease. But that's what we say an effort. Better effort you do, better result you get. Thanks for your info Neil :) I usually have an pessimistic when one day my blog position and traffic is decrease. But that’s what we say an effort. Better effort you do, better result you get. Thanks for your info Neil :)

]]>