Take time to reflect and think about your real reasons for owning an online business. Your reasons should stir up genuine feelings of excitement and passion.
To dig deeper into your true reasons for owning an online business, answer the following questions:
1⃣ How will your business allow you to express your true passions and abilities?
2⃣ How will your business deliver genuine value to others?
3⃣ Does the mission and purpose of this business align with your own values?
4⃣ Beyond money, what benefits/rewards will this business offer you?
I learned the hard way that if you’re not passionate about your online business (or any business for that matter), then you’re almost guaranteed to fail.
I purchased an online business that sold previously returned merchandise on Amazon/EBay. My sole reason for purchasing was to earn an extra $500 per month. By focusing on profits first, ignoring my own values, and not considering the value I’d be delivering to my customers, this business was doomed for failure. With a sudden change in search engine algorithm and polices, that business didn’t stand a chance. I also didn’t care enough about the business to rescue it from its distressed state. Instead, I cut my losses and learned my lessons.
So, what’s your reason for owning an online business? Financial freedom? To be able to devote time to your family? To live your desired lifestyle? To travel the world? To wake up every morning excited? To connect with cool people?
The choice is yours to decide.
You will need sufficient motivation to work through obstacles and the commitment to stick with your business when you face challenges.
Yes, money is an important consideration in business, but it isn’t the most important thing when buying or building a business.
Remember, the bottom line is at the bottom for a reason; that’s right where it belongs. 😉
Let’s connect if your goal is to own an online business 👉👉 @PassionPlusProfits
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