Comments on: Great investment or a no-no?

By: Mirjam

Mirjam — Sat, 09 Feb 2008 08:01:47 +0000

@Phil
I am certainly a do-er although it is my wishes and dreams that push me I rather fail 10, 20 times knowing that I have really tried, than think “what if” and “if only” for the rest of my life. I sure had my share of these absolutely wonderful hot business ideas failing completely but deep down I just know I will get it right in the end.

Thank you for your encouraging words, I will post my progress in this blog

By: Phil

Phil — Fri, 08 Feb 2008 23:48:18 +0000

Someone once told me you are either a do-er or a wisher! If you think you have a great idea and have everything planned then you should pull the trigger and get started. The worst case scenario is you will lose the startup investment. I know it is not something to sneeze at but you have to make so type of investment to start, whether it be money or blood, sweat & tears... If you really cannot afford the initial investment why not search for a partner at least to get started and then buy them out when you can. ~Phil Phil's last blog post..Domain Name Renewal Scams

By: Mirjam

Mirjam — Wed, 30 Jan 2008 11:24:48 +0000

Hi Terence,
thank you very much for your positive feedback I will put updates on this venture later down the line, since I do believe I should take the chance.
Meanwhile, while still scraping together the initial money I will need to invest, I am doing more research and collecting data of places to advertise and preparing sites and links to my own site where I would want to sell future products.

Maybe in a way, it is a good thing not being able to spend it now, since I have the time to prepare and set things up.

Again, thank you for your interest and I am sure we will meet again in blogland

By: The Internet Entrepreneur Diary

The Internet Entrepreneur Diary — Wed, 30 Jan 2008 10:48:48 +0000

Thank you for the mention.

Personally, there is no free lunch in the business world. You always have to invest your business in some degree. If you don’t invest, you usually will fail easily. Your mind set to allow failure.

If you invest something seriously, you will try to do everything and anything to rescue it. You don’t have option to turning back. So don’t get yourself any excuse to get start, or you will never get start.

Every business starts small. If you think your initial investment is too high, you need to find out other options to get your investment fund. Work around your difficulties and find the way out.

As long as you keep the faith and believe that you can succeeded in your niche. Go for it. I have to personally admit my previous failures. Not once, but twice for the same reasons.

Not enough research and Give up too early

Good luck to your adventure!