Business Pitfalls


Before you sit down at your computer, set your mindset. You need to fully understand what your online business is and how to maximize its profit potential. This will save you years of trial and error and hundreds of thousands of dollars.

The first step is to overcome the 3 most popular business pitfalls. Once you’ve identified
them, you can overcome them.

Pitfall #1 – The Money Paradigm


A paradigm is a commonly held belief, or way of thinking. Sometimes it may be true, but quite often it is not. For example, in ancient times, a common paradigm was, “the world is flat.” Science proved that paradigm to be false.
Today, a common paradigm is, money is in limited supply. The truth is, there is no limit to the amount of money you can amass. The only real commodity in limited supply is time. However you must remember that time is your friend, not your enemy! Every person has the same amount of time in a day. But people use their time differently. The activities of a multimillionaire are much different than those of a struggling factory worker.

Today, most people’s outlook on money is defined by their paycheck. If they make $3,000 a month, they try to squeeze their lifestyle into a $3,000 box. They live in a house they can almost afford, they drive a vehicle they don’t like and they travel only as much as their credit card allows. They think money is limited.

In the industrial age, that was somewhat true. People could get a second job to supplement their income, but they rarely got further ahead, because they were still limited by the amount of time they could work. Thank goodness we’re not in the industrial age. At the turn of the century we entered the information age.

Today, you can sit in front of your computer for an hour or two and make tens, even hundreds of times more money than you could make in the industrial age. Your income is no longer limited to the number of hours you can work. It’s only limited by your imagination, your knowledge and your action.

Pitfall #2 – No plan


Let’s start with a well-known saying “If you fail to plan, you plan to fail”. Without a plan you have no idea where you are going or how to get there. You do not need a 50-page thesis outlining every detail of your business. All you need is a very simple plan. You will learn how to write it shortly. A plan will also help you set benchmarks and allows you to
celebrate your successes as you progress.
By the time you’ve completed this course, you’ll know exactly what you need to do daily to reach your goals. You’ll have a plan and a system. That puts you ahead of 97% of the people on this planet.

Pitfall #3 Information overload


Information overload has become a part of every day life. Each day, the average person is exposed to almost 4,000 marketing messages. That’s in addition to the regular information they need to complete their jobs. The only way to cut through the noise is to focus.  Ignore the “amazing offer” that ends at midnight and will never be repeated. Today’s hot  product is replaced by tomorrow’s hot product.
To focus, you need to choose a path and follow it. Start with this course. Although it’s very easy to look at this information and say, “I know that,” or “I have seen that before,” do not fall into the trap of misreading the simplicity. Knowing how to do something and actually doing it are two different things.

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