Wealth Insight 2009-11-20
I Divide Internet Entrepreneurs Into Three Groups.
1. The average entrepreneur
This entrepreneur does not have a good chance of success because of three things –
- A scarcity mindset (the belief that there is not enough to go around). This is the opposite of an abundance mentality.
- Dependence on the ‘experts’. Webmasters, gurus, financial consultants. This always drains profits, adds delays, and works against success;
- A culture of entitlement. We have advertising and consumerism to thank for the ‘I deserve this and I deserve it now’ mindset. It makes us mentally like children; not able to wait for something worthwhile. People with this put in just a little time and effort. Then they expect overnight results. They don’t use proven systems, they don’t research their product, and they haven’t taken the time to understand the technology.
People like this will tell you that Internet business ‘doesn’t work’. It doesn’t – for them.
2. The above average entrepreneur
This entrepreneur understands about putting in time and effort. But because people like this still rely on the ‘experts’ they have to work much longer and harder than they should, for fewer results.
People like this will tell you that they work hard but get disappointing results.
The reason is because they are still subsidizing the experts. They don’t yet realize they can do without them. They need to change their mindset, and they’re in a good position to do that. Many of them suspect that something is draining their success – there is a leak somewhere. They’re right. The leak is their dependence. Fix that, and they’re on their way!
3. The exceptional entrepreneur
This entrepreneur understands …
- You put in the TEM$ first. (Time, effort, mindset, and a little money, almost always invested in self-education.)
- You wean yourself off thinking that you need the ‘experts’.
- You educate yourself, and then you completely outgrow your need for them.
- As a result you have full control, which plugs the leaks and brings results.
People like this appreciate …
- the value of time and effort
- the value of taking control
- the importance of the way you look at wealth and life in general (your mindset)
- the importance of following a proven system like the Formula for Riches®
They set goals.
They start small.
They do not expect perfection.
They gradually improve everything they do.
They follow systems.
They don’t have time for excuses or blame.
People like this understand that a website is not an Internet business. It is just the start. A good start, especially if they build and control it themselves (which you can learn to do at no cost through Build A Web).
In my estimation, 90% of entrepreneurs are average. 8% are above average. 2% are exceptional. As you can see as you read your way up the list, what changes at each level is the way you look at things.
Do you see yourself as being in control? Do you do without the experts? Do you understand that to think a website is an Internet business is like thinking that launching a spaceship is equivalent to getting it to a destination light years away? Sounds crazy but so many people make this basic mistake.
About 98% of people, in fact.
The lesson: most of the differences are in the mind. So the mind is what you should address first, for example through Kaizen Wealth.
Hannes Dreyer
Wealth Creators Mentor
Wealth Creators Mentor
PS I published some new articles this week - I hope you enjoy them:
Home Improvement/Renovation and Property Investments.
