Are You an Over Eager Online Business Owner?

I’m not in real estate to flip houses, but I enjoy watching those shows where they show how to do it. You’ll see an old beat up house and they just get excited about that old raggedy house. The next thing you know, they’ve fixed it up with granite countertops and new hardwoods and more than likely will sell the house within the hour (it seems!).  But then there are times where they’ve gotten all excited and purchased the flip house only to find out it’s termite infested or has a cracked foundation. This usually results from purchasing sight unseen or not getting an inspection.

When searching for an online business it’s important not to be the over eager flip house investor. Take your time and learn about your surroundings. Research your potential online business because it can be  a significant investment . First determine if the online business has a strong GPS system . This is where you determine if the business is in line with your GROWTH objectives , has PROFIT potential for you, and is STABLE . As a potential online business owner it’s important to map out what you are looking for in an online business. There are all kinds of options to choose from ranging from businesses that are self-managed to those that must be monitored regularly. When analyzing the GPS system of that business, the idea is to look at it from your point of view. While a business may be profitable for one person it may not be for the other. There are many products being sold today that may cause you to wonder how in the world are they able to make money with that. Just like with the raggedy house all diamonds in the rough cannot be seen by all. And when you find your potential diamond don’t get excited immediately. Check the GPS system and then get excited once it meets your standards, goals, and expectations .

A successful online business owner is one who understands and is passionate about the product or service in which they provide. Knowing in advance what the online business is capable of doing for you will continually get you excited about your business. Check the GPS system first then get excited about what is to come.

Until next time,  J.

"Take control of your destiny or someone else will"

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June 10 2009 10:21 am | Home Business Ideas, Misc Ranting, Wealth Strategies

4 Responses to “Are You an Over Eager Online Business Owner?”

1. Eddie Garcia Says:
   June 12th, 2009 at 7:53 am

   This was an outstanding post on advice for looking for a first time business. It is definitely important to know what you are looking for and to take nothing less. Never jump on anything too quickly cause you might live to regret it. I know I have in the past and I am excited and passionate about what I am doing today. Look forward to your next post!

   Friends 4 Life!

   Eddie Garcias last blog post..Are You Getting Paid to Shop Online?

2. Maureen Says:
   June 12th, 2009 at 12:01 pm

   Great point Janet. It’s critical to really do research and not base a decision solely on emotion. It’s a real business with a real investment- great advice.

   Maureens last blog post..Life Without Limitations?

3. Janet Says:
   June 12th, 2009 at 1:32 pm

   Thanks for stopping by Eddie. Be on the lookout for my new blog to be unveiled soon – there will be more business tips to come.

   Janets last blog post..Are You an Over Eager Online Business Owner?

4. Janet Says:
   June 12th, 2009 at 1:35 pm

   Hi Maureen,
   If you’re not investing money in your business, you’re investing time – so it’s the same to me. The key is finding something you love to do! Thanks for leaving a note…

   Janets last blog post..Are You an Over Eager Online Business Owner?

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