The Character Building Qualities Of Launching Your Own Internet Business

This is a guest post from Richard Adams at No More Compromise

Starting your own Internet business isn’t just necessarily good for your wallet – it can also be an experience in personal development of the best possible kind in which you develop new or existing qualities.

Here are just a small sample of the character-building benefits you may experience as a result of starting your own business…

1) Resilience

More often than not it will take weeks if not months for a new Internet entrepreneur to start earning money online. *Significant* figures can take even longer so one’s ability to stick it out and to refuse to give up despite the lack of results is a real test of whether you are likely to succeed. As Thomas Edison said “Many of life’s failures are people who did not realise how close they were to success when they gave up”.

2) Self Confidence

You’ll only manage to keep chipping away at building your business for so long unless you have real confidence in your own abilities to succeed online and the fire to make it happen.

3) Discipline

This is where a lot of people come unstuck. They’re passionate and confident, but when it comes down to it, they can’t actually motivate themselves to do what they know they need to do. It’s just too much hassle. It’s easier just to make a weak excuse and flip the TV on.

Successful entrepreneurs are different. They *make* themselves work. The *find* ways to motivate themselves. And they’re proactive at getting things done and seeing the results.

4) Willingness To Listen

Advice, both from other experienced marketers on what they think you should be doing, and from customers on what they’d like to see from you, provide real direction for your business if you’re willing to keep your eyes and ears open. This sort of feedback and constructive criticism can make a huge difference to your bottom line.

5) Strong Work Ethic

Very few people become successful in any area of life without significant hard work before they got there. So get used to it, and get on with it. There’s no way round it.

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5 Responses to “The Character Building Qualities Of Launching Your Own Internet Business”

  1. The Character Building Qualities Of Launching Your Own Internet Business…

    Alan LeStourgeon, a guy I have a huge respect for, who owns the affiliate marketing blog Affiliate Confession has just published a guest post written by me entitled The Character Building Qualities Of Launching Your Own Internet Business – why not go a…

  2. I think these points apply to business in general and are good things to remember.

  3. All good points. The only other thing I can think of that should be on this list is “willingness to sacrifice”. What’s different about most online businesses is that they start after hours because of no income, and to work long enough in addition to a day job until enough money comes in to go full time takes more sacrifice than most are willing to make.

  4. Great post Alan.

    Both JT and Tom make great points. All the characters you’ve listed can be applied to business in general. I find the most challenge with discipline and resilience as Internet marketing is something I’ve always tried to work into my existing business – freelance music production.

    I find that willingness to sacrifice is one of the most important traits to possess, especially when it comes to balancing your “day” job and “night” job, assuming your night job is some sort of e-commerce internet start up.

    Sacrificing sleep is crucial! Say bye-bye to 8 hours a night if your not established online.

    I’m an insomniac so the lack of sleep element falls perfectly into my existing routine.

  5. Elijah,

    Thanks for the input. Yep, I rarely get those 8 hours per night, but I probably need too.

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