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My first Blog Post! :>
Apr 12, 2023 - 3:32 PM - by admin
Hello, my name is Matt, and i'm the owner of Entrepreneur Forum its been up sine september 2006 and its been a very hard task for me to get to the level its at now, i've had countless errors and bugs, lost databases, had hackers mess around with the forum, website downtime, all this has had its effects on me, but i've pushed through and kept it alive.

I've just added the blogs section for me to post in, i also have my... [Read More]
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Funny clips from youtube.
Apr 12, 2023 - 3:46 PM - by admin
Recently i've been on Youtube and found some great stuff, from programs like balls of steel to lord of the rings.

First clip i'm going to mention is the best parts from the TV programme balls of steel.

http://youtube.com/watch?v=ENlJB9gDs4g

Next is called Lord of the Rings Gay
(Now its nothing gay about it, just very funny, in a weird way, watch it lol)

... [Read More]
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How i got into Online business!
Apr 12, 2023 - 6:46 PM - by admin
When i was little, i was given a book from a friend back in early 2001 it was a HTML guide i bought off a friend for $2 Bargin, i learnt the HTML from it, and sine then i have been developing myself further, i never create websites as i don't have the know how, but i get other people to make them for me and pay them accordingly, i don't make all that much money off my sites, as i don't have ad's up (like this site), but i've recently started to get more involved in SEO, and working harder on... [Read More]
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Domain names - are they worth investing in
Apr 13, 2023 - 12:38 PM - by admin
Domain Names are they worth investing in?

Yes, why? because the price of doains are always on the up, i bought a couple of 3 character domains last year up until now, i own only about 7 3char .coms such as lf0.com etc and the price has increased all the time, keep an eye on this website

.COM
... [Read More]
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Finding quality domaines for your niche/website
Apr 18, 2023 - 12:25 PM - by admin
Are all the good domains gone?
yeh, they were snapped up in the 1990's/early 2000's but theres still hope for people who want to get started online, you can still buy marketable domains. The key to the internet is the search engines, most people use the search engines to find your website, unless you have a generic domain such as shopping.com and cars.com etc etc when you will get type in traffic to these.
So what people these days need to learn and do is SEO, but finding the right... [Read More]
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Picking your Niche!
Apr 13, 2023 - 2:55 PM - by admin
Well as i've said in previous blog posts, i'm an affiliate marketer, so i need to pick niches.

Finding your niche is the most important part, i've only been doing for a month or 2 and i've learntalot, ill share that here.

First off i go over to shopping.com and then click top searches scroll through the categories and you can find what people are searching for when they are looking to buy products,... [Read More]
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The 11 Pitfalls of Starting a Business

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  #1  
03-22-2007, 07:42 PM
mattonline
Entrepreneur
 
Join Date: Sep 2006
Posts: 231
The 11 Pitfalls of Starting a Business

Every day, literally thousands of regular, sane and normal people take the plunge and start their own businesses. As they survey the hazardous landcape, little do they know how easy it would be to avoid the traps that so many of us have fallen into.

If you?re in the initial phases of starting your own business, then I must warn you: Avoid these mistakes as if your life depended on it. Because it does--your financial life, that is.

Let?s look at the pitfalls I?ve seen entrepreneurs have to dig themselves out of all too many times:

Buying a job rather than a business. Yes, you?ll have to be involved in the daily operations at the start, but remember that the ultimate goal is to grow your business into much more than just a job where you work hands-on every day. Work on the business, not just in the business.


Being a great plumber but having no idea how to run a business that sells plumbing.Your former jobs are all an apprenticeship to running your own business. Be an apprentice in all areas, not just in the trade or profession of your business. Most important, be sure you?ve paid attention to all aspects of business in your past jobs, no matter what they were, so you?ve done your basic, ?how to run a business? apprenticeship.


Taking on a business partner. Most people give away equity upfront to a partner. Yes, there are examples of partnerships that work, but most don?t. Unless you?re absolutely sure about your partnership, hire people to help you out instead.


Starting a business from scratch rather than buying an existing operation. Starting from scratch may seem cheap, but it?ll cost you the most expensive asset you have--time. Buy an undervalued company, and build it up, rather than start from scratch.


Thinking the business idea will make the company. It?s the people who make a business successful, not the product, not the service and not the new invention. Focus on building a great company as much as you do a great product.


Thinking too small. Many startup entrepreneurs want to generate a wage for themselves and nothing more. Instead, aim to build a profit, aim to build something large, and aim to build something great. If you shoot for the stars, you may fail, but at least you?ll make it to the moon.


Competing on price and price alone. This is by far the fastest way to send yourself into bankruptcy. Business is about profit, and having a smaller revenue with a larger profit margin will always beat out winning tons of business but earning almost no profit. Learn marketing and sales so you can get out of the price wars.


Trying to cost-cut your way to success. By saving a wage and doing the work yourself, you forget that nobody?s out there drumming up new business for you. Focus on bringing in the business, not saving a few pennies.


Hiring cheap employees. You get what you pay for. Getting the right people is crucial, so don?t just hire anyone. Wait until you find the right someone.


Focusing on only one area of your business. Business success involves three main areas: sales and marketing, finance and administration, and operations. You have to keep all three working and growing in unison, not just the area you?re good at.


Not testing or measuring anything. Knowing your numbers is vital. In fact, you can?t manage what you don?t measure. Measure everything from day one, from how many new prospects you have to how many sales you make.


Doing the work once and getting paid once. The key to success is to do the work once and establish a long-term, income-generating relationship. Learn to structure your clients, your business and your income that way, and you?ll build a great business.
You might have noticed there are 12, not 11, pitfalls to watch for. That?s because a good business will always deliver what it promises, but a great business will deliver more than promised.
  #2  
12-22-2007, 01:32 PM
wkhaiaun
Aspiring Entrepreneur
 
Join Date: Dec 2007
Posts: 25
Re: The 11 Pitfalls of Starting a Business

I think all the pitfalls are actually related to preparations. Before going deeper into starting the business, preparations such as having emergency cash infusion is very important in the event of unforeseen circumstances. Next important thing is having the "Never give up attitude" which is the trait of many successful businessman.
  #3  
01-08-2008, 03:06 PM
Ivor
Aspiring Entrepreneur
 
Join Date: Jan 2008
Posts: 12
Re: The 11 Pitfalls of Starting a Business

Sorry dont agree about the never give up attitude, knowing when you are flogging a dead horse is important too!


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