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en·tre·pre·neur –noun Entrepreneur, translated from its French roots, means "one who undertakes." The term Entrepreneur is used to refer to anyone who undertakes the organization and management of an enterprise involving independence and risk as well as the opportunity for profit.
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Old 02-17-2007, 04:38 PM   #1 (permalink)
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Cool Anybody else notice this?

It's not really something new or insightful, but I've noticed something whenever I read forums such as this. When reading past threads I always come across people who had big dreams of success. They post a new website or ebay store... and when I click to check it out, it's no longer there. And these could be threads only six months old.

Did their business fail to make any profit and went under? Did their business show promise but quickly became too cumbersome for one person to run? Did they lose steam and lost the motivation to keep the business going from the get-go? Did they find something else more profitable? Did their business quickly take off and make them truckloads of money so they stopped working and are now living in the Cayman Islands?

It's a commonly stated statistic that most businesses fail (although an article in Entrepreneur this month states that this is an old and incorrect statistic). But it's a sobering reminder to me of the average life expectancy of business startups.

But I won't let this deter me from achieving my financial dreams. As Jeff Bezos of Amazon.com said, "I knew that if I failed I wouldn't regret that, but I knew the one thing I might regret is never trying."
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Old 02-17-2007, 04:44 PM   #2 (permalink)
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yeh , i believe people give up, it takes a while to earn some serious money though ecommerce websites (for them to become established) more than 6months, through the lack of money comming in they lost motivation (maslows theory X)
And not many people will earn enough in 6months to retire off.
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Old 02-17-2007, 05:04 PM   #3 (permalink)
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I don't know the exact numbers, but over 80% of small businesses fail after two years. After surviving those two years, 80% fail two years after that. E-commerce is no exception.

It's difficult because if you're idea is unique, it will be risky. If you're idea is conventional, it will be risky. I think there's a middle area where there lies markets that are untapped and can be reached through the discovery of your niche.
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Old 02-17-2007, 09:16 PM   #4 (permalink)
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entrepreneurship is a form of sadomasochism

after a number of failed starts, founders know that they're gonna fail in their next attempt but they still go through the pain because it makes them feel alive
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Old 02-17-2007, 11:57 PM   #5 (permalink)
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I think you see most of these threads with broken links because people never really start. They are afraid to waste money, time, or effort. I was like this in the beginning but you just got to go out there and do it. The rest will take care of itself. The hardest part is starting the race.
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Old 02-18-2007, 12:36 AM   #6 (permalink)
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I belive it was Malcolm X who said
"He who fails to plan , plans to fail "
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Old 02-18-2007, 11:41 AM   #7 (permalink)
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People are f*ck*ng lazy that's what. They call themselves entrepreneurs when they duke it out in the market for a couple of weeks; and when it doesn't turn out they leave because they didn't make a million bucks with an eBay shop.
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Old 02-18-2007, 05:33 PM   #8 (permalink)
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Miler, lets sticky this thread

something everyone on this forum should read
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Old 02-18-2007, 07:59 PM   #9 (permalink)
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My website is doing ok and it's not even up yet.
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Old 02-21-2007, 05:33 PM   #10 (permalink)
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Probably it's because they lose the drive to keep going with their dreams.

I think both the moderators and members of this forum should in a way try to support one another.

We are a community, we should try to help out each other.

Every little things that we do or say to each other really makes a difference.
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Old 03-13-2007, 06:32 PM   #11 (permalink)
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Many people also underestimate the amount of work and time it takes to be truly successful. It can easily take years of hard work for something to be profitable, and if you are only doing it for the money, that's a hard thing to handle. You really need to find something that you love and is profitable, it's the only true key to success.
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Old 03-26-2007, 10:08 AM   #12 (permalink)
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