Comments on: The 7 Harsh Realities of Starting a Business

By: Neil Patel

Neil Patel — Sat, 06 Feb 2010 19:27:24 +0000

Right, people don’t see the 5-10 businesses that had zero success… which is just an understanding that will hit them as they get more and more emerged into the process.

By: Neil Patel

Neil Patel — Sat, 06 Feb 2010 18:55:27 +0000

Advisers are important mainly because because they’re able to see the things that you aren’t. A collaboration of people who have knowledge in areas that you don’t will collectively help you and the company grow much faster than without.

By: Neil Patel

Neil Patel — Sat, 06 Feb 2010 17:47:29 +0000

Wow, that’s a long time ago. How are they doing now?

By: Home Water Dispensers

Home Water Dispensers — Fri, 05 Feb 2010 13:01:46 +0000

They feel its easy because they only read all the success stories in magazines or through mouth publicity!! Many of us dont know how many businesss failed miserably before starting our business.

By: Famous entrepreneurs

Famous entrepreneurs — Wed, 03 Feb 2010 11:50:00 +0000

Think career. Think of yourself as entering a new career, as a ‘business owner’ or ‘entrepreneur’. Entrepreneurship has its own special skills, which all new entrepreneurs have to learn. Think decisions. Entrepreneurship is about making decisions. The more decisions you make, and the more often you make them, the more your career will prosper. Think advisors. As everybody knows, a successful business can make you your fortune – and for that reason, all new businesses attract very smart competitors at the first hint of success. (Please note: there are only two types of business that do NOT need advisors: businesses with no hope for profit, or businesses in suicidal mode. Everyone else needs advisors.)Think planning. There are millions, probably billions of different types of businesses out there, and your job as an entrepreneur is to choose just one (or, at least, one at a time). Think profit. Your aim as an entrepreneur is to make sure that you don’t accidentally start a hobby. Hobbies do not make money; they simply cost money, and if you start a hobby, sooner or later you will get tired of working for nothing. To have a successful life-long career as an entrepreneur, you must have businesses that survive.

By: David Song

David Song — Tue, 02 Feb 2010 07:24:58 +0000

So true (the last point) as I’m a perfectionist. I have some websites I’ve been working on since 2001. 2001!!!!!
Well, at least i’ve begun setting short term goals and launching them… your tips are great! they’re light on fluff and always very informative. Thanks,

By: Neil Patel

Neil Patel — Wed, 13 Jan 2010 06:35:51 +0000

It’s not and that’s exactly why it ends up taking so much extra time that really doesn’t mean squat.

By: Sintesia

Sintesia — Mon, 11 Jan 2010 18:48:56 +0000

I must say it’s quite true. Creating a business isn’t an easy thing. By the way, in addition to all points describe in this post, i think you could add a point eight : “try to have support from a physical network of people” (experienced people, various competencies, friends or working “old school”, no sharks). It could be a precious help when time is difficult.

By: Réfléchissez-bien, car les probabilités de devenir le prochain Youtube sont minces | Simple Entrepreneur

Sun, 10 Jan 2010 06:25:07 +0000

[...] Lire l’article [...]

By: Neil Patel

Neil Patel — Fri, 08 Jan 2010 06:03:02 +0000

Yes…..everything is moving so quickly, there is no time to waste.

By: Neil Patel

Neil Patel — Fri, 08 Jan 2010 05:50:12 +0000

Yes luck always has something to do with it, but mind you, that the more you put yourself out there, the better it is for you and the more chances you’ll have.

By: Armando Boni

Armando Boni — Thu, 07 Jan 2010 13:47:19 +0000

in these days time is most valuable thing. everyone is in a rush.

By: SPS

SPS — Thu, 07 Jan 2010 12:20:47 +0000

Hey Neil, good article but I still think that after following all your advice to the word, that there is still a factor of luck involved. You are an example of one who succeded but there are many many more who also fail, they all worked hard but the luck was in your favor.

By: Neil Patel

Neil Patel — Mon, 04 Jan 2010 00:39:59 +0000

Oh yeah, I get you, but you’ll still be able to learn something to help you in the future atleast.

By: Neil Patel

Neil Patel — Mon, 04 Jan 2010 00:38:43 +0000

Happy New year to you too…. while there maybe no room to grow literally with what you’re doing, at least you’ll learn to grow mentally. That’s something you can take anywhere you go. I’m glad you’re printing all these articles… you’ll do really well You may also want to check out http://www.quicksprout.com/heres-the-escape-route-from-web-2-0-poverty/?utm_source=sidebar&utm_medium=banner&utm_campaign=get-started

By: Les 7 réalités du lancement d’une entreprise

Les 7 réalités du lancement d’une entreprise — Sat, 02 Jan 2010 12:07:10 +0000

[...] 2nd, 2010 → 6:33 @ Rémy // Pas de commentaires Je suis tombé sur un article très intéressant (même si je ne suis pas d’accord sur plusieurs points) sur les 7 réalités du lancement [...]

By: Ralitza

Ralitza — Fri, 01 Jan 2010 20:26:33 +0000

*Family owned business. I’m not part of the family

By: Ralitza

Ralitza — Fri, 01 Jan 2010 20:25:23 +0000

Yet, another great article Neil! Once again, I even read all the comments ! I’m planning on printing all of your articles & turning them into my personal ‘Ultimate guide to success’ manual.
#7 – As my dad always says, “When it comes to your money & well being, you can change your mind at any time”.

#2, I currently work a 9-6 position at a family Jewelry business. Though, it’s an easy job, I strive & desire something so much more. I WANT to put in 14 hour work days, because I know in my heart it will only better me. While, in my current work palce there’s really no room for me to grow. I’m so excited for the future, and ready to accept the challenges life has in store for me.
Happy New Year To All! All my best for lots of health & happiness!

By: Page not found

Page not found — Sun, 27 Dec 2009 06:15:18 +0000

[...] The 7 Harsh Realities of Starting a BusinessHow Being a “Patel” Made Me Somewhat SuccessfulHow I Got Started In Blogging101 Motivational Business QuotesWhy You Need to Make a Facebook Fan Page [...]

By: Neil Patel

Neil Patel — Tue, 15 Dec 2009 01:18:43 +0000

Yes, most people won’t understand these 7 realities, but I’m hoping my Quicksprout Readers do

By: Jay Jalodomisa

Jay Jalodomisa — Sun, 13 Dec 2009 21:40:45 +0000

Hey Neil,

The fact is most people don’t understand these points.

I have relatives who thought business was going to be super easy and just a walk in the park.

Then they take a financial hit or two, and they call it a failure. Sadly most people will never understand these 7 realities.

Sincerely,
Jay Jalodomisa

By: Neil Patel

Neil Patel — Sat, 12 Dec 2009 19:36:28 +0000

You should definitely spend the time working hard, but it also depends on your schedule. If you have a day job, then spend your time after work hours building your business. Either way, be prepared to spend hours every single day.

By: Guildford

Guildford — Fri, 11 Dec 2009 10:51:33 +0000

If you start an online business, then you should start work at 5am and end up at mid night. lol. I mean you need to spend lots of time online to see how you can improve etc.

By: Neil Patel

Neil Patel — Fri, 11 Dec 2009 04:24:46 +0000

Thanks Brad… the average Joe really doesn’t have any clue… hence why the failure rate is so high. People don’t necessarily have to learn it in school, but they should still do the research.

By: Neil Patel

Neil Patel — Fri, 11 Dec 2009 02:35:05 +0000

Too many people unfortunately think just that… I just wanted to tell it like it is.

By: Brad

Brad — Thu, 10 Dec 2009 14:10:31 +0000

I’d much rather see honesty like this rather than so called “experts” hawking books about how easy it is to “own your own business.” The real truth: it’s a ridiculous amount of work. I firmly believe that the average joe has no idea of what goes into creating and managing even a slightly successful business.

Posts like this should be required reading for budding entrepreneurs.

By: haber

haber — Thu, 10 Dec 2009 09:21:22 +0000

Really good article.It is just like a slap behind the neck to all people who think it is all bread and butter.

By: The 7 Harsh Realities of Starting a Business | Business on Purpose

The 7 Harsh Realities of Starting a Business | Business on Purpose — Tue, 08 Dec 2009 10:26:59 +0000

[...] article by Neil Patel which is pretty close to how it really is to start a business. He talks about 7 harsh realities of starting a business, in relation to the entrepreneurs he meets in his day to day activities. Here are his realities and [...]

By: Neil Patel

Neil Patel — Tue, 08 Dec 2009 05:02:26 +0000

Sometimes… people just hope to ride the coat tales of someone else’s success or revolution… and you know what… it sometimes works. However.. for probably 99% of the time…it’s just a major failure.

By: 101 Motivational Business Quotes

101 Motivational Business Quotes — Mon, 07 Dec 2009 21:46:37 +0000

[...] Running a business is like riding on a roller coaster. Although it is fun and exciting, there will be times when you’ll be scared and feel powerless. During the bad times there isn’t much you can do, other than to keep on pushing forward. [...]