Have you ever thought about the similarity between business and training? If you are interested in starting your own business you can do so very easily.
However, you need to also consider getting specific training. It has been said that most new business startups fail in the first 5 years due to a lack of knowledge.
Not lack of knowledge in the market the business is in, but rather lack of knowledge on how to run a business. If you have never operated a business before it is important to have the training that is necessary so you can start earning a good living right away.
This is even true for those of us doing Internet marketing. Even if you are working a job and trying to make money online you need training.
Many people believe that there is a similarity between starting a business and the training you must receive. Let’s go over the similarities, and differences between the concepts of owning your own business and getting trained for operating the business itself.
Click here right now for our review, my personal help, and instant access to our free training videos where we'll show you exactly how we did it ourselves starting out as complete beginners without ANY prior knowledge or experience in marketing online whatsoever!
Reasons To Start A Business
There are several reasons you should start your own business. First of all, you may not like your job.
You may have a specific type of business in mind, one that will not only make you money but will be more in line with what you like to do. On the Internet, we call this choosing a niche. Even offline it is important to either like the business you are in or possibly have skills already in it.
The cost of starting a business can be substantial in some cases. You will need to get a loan that will allow you to focus solely on getting that business up and running.
Part of that money will be used for the training that you will need to operate a business in a competent manner. I have also said in previous blog posts that what you lack in money you can make up for in time.
Online means doing much of the work yourself. Work such as building your own website or writing blog articles.
Why You Will Need Training For This Business
The main reason for getting specialized training for the business that you are starting is so that you are not inept as you are trying to make money. Again this is often more due to the lack of skill in running a profitable business.
What kind of skills?
You need to understand how to find products to sell, market those products, and also how to take orders from your store or online. Your ability to run your business properly is the key to your success, and you also should know how to choose products or services to offer.
This training is essential knowledge that you will need to be successful and goes hand-in-hand with owning and operating a business. If you are thinking of starting an Internet business check out the free training I offer below.
Click here right now for our review, my personal help, and instant access to our free training videos where we'll show you exactly how we did it ourselves starting out as complete beginners without ANY prior knowledge or experience in marketing online whatsoever!
Is There A Similarity Between Business And Training?
The main similarity between starting a business, and getting the training that you need to operate the business, is simply that one must go with the other. You can have all of the training in the world, but if you never start your business, you will never generate cash flow from your ideas.
I see this a lot. People research and research, but they never jump in with both feet. Fear of failure often is the cause.
If that sounds like you, consider if being an entrepreneur is even for you. Some people are better off as workers and not business owners.
Likewise, if you have started a business, but do not know how to run it, you will likely not succeed. The main similarity is that both of them are focused on you succeeding with ideas that you have on how to sell certain products and services.
On the Internet, I talk a lot about my skill set. These are the skills you need to run a successful online business.
Often this can be as easy as outsourcing the work that needs to be done. Even this takes skill to a certain degree.
From a business standpoint, you may need to take some training on things such as writing a business plan or learning how to do effective paid advertising.
We are lacking when we work from home because we are able to eliminate many of the expenses an offline or brick-and-mortar business has.
However, keep this in mind. Learn to value your time in dollars and cents. Think of the work you do at home from an hourly wage.
If you work 20 hours a week and your time is worth $20 an hour have you earned at least $400 that week, plus any other business expenses such as hiring a freelancer, and website hosting.
If not how much did you lose and how can you correct that? You will either need to work harder or work smarter. This may mean getting more training!
Final thoughts
If you would like to start your own business this year you should also consider getting training on operating a business of your own. This could be a home business that you are conducting at your apartment, or it could be at a facility that you are leasing or renting to house the products you will make available.
If your dream has always been to own your own business you definitely want to consider starting one this year and get the training that will be key to your success. I may be able to help.
If you are interested in creating your own home business, check out my #1 recommendation on building a successful business online. You can get access to hundreds of training videos, 24/7 support, professional consultations, private access to training guides, tools, and much more.
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See the 4 steps to working online from home & earn residual income
It is essential to have some kind of foreknowledge when going into business. Whether it’s brick & mortar or virtual, walking in with one eye open is not the way to do this.
Training does not stop when success is achieved. To remain competitive, you have to continue to learn, continue to deliver, and continue to innovate.
The video at the end of your post is wonderful. Successful businesses in this day and age have to pay very close attention to the customer because one bad Yelp review can spell disaster.
Thank you for this information. I will be putting it into practice.
It is essential when starting anything we should treat it like a newborn if we want to reap the benefits and become successful.
Has been over 12 years now I have been in online business, and I am still going through training, the Internet world keeps evolving, and we need to stay ahead with the trend if we are to keep our business growing.
The video is real, and mindset is what it will take you to stay in the game, it has helped me to stay on course while I go through some intense training to move my business.
You are welcome and thank you for the feedback, these practices have helped me, and it will do the same for you as well. All the best.
Yes, David, it is amazing how I might be an expert in my niche, but when I decided to start an online career and set up a business, it was a whole new matter. First of all, I had to, and continue to learn all these web skills. Then I had to learn about marketing and that providing content is much more than rambling on about my topics.
The most important training is making the best use of my time. I can do all the training and write content, but if it is not earning, then I will be wasting my time. Isn’t making a profit the main reason we do business? …Thank you
You Know JJ, it can become very time consuming especially if you doing all the work and not seeing results with your online business. I too was in that same position and almost wanted to quite a few times, glad I did not.
Going along with the search engines guidelines is key for a successful online business, and if you are consistent for a period of time, you might very well wake up one morning and the Google Gods decide to sprinkle some angel dust on your website and posts.
Stay with it and learn how to optimize your articles and the results would eventually begin to show up. if you need further ways on how to optimize your articles for better search engine results, meet me within Wealthy Affiliate and I would be happy to assist you. Talk to you soon.
Hi Bishop,
Starting an online business and acquiring the right training goes hand-in-hand. There is a correlation between them, if you lack any business skillset, your business won’t sustain long as you cannot effectively managing your business when your business grows.
Training is a continuous process and it’s essential to upgrade yourself with the latest training available as the landscape of doing business is changing rapidly.
Successful businessmen also took their time off to attend workshop, seminar, webinars to equip themselves with the latest knowledge and skill set to bring their business to the next level.
Thank you very much for this informative article and l will share it around to my friends and associates.
Hi Shui,
Glad that you see my view that there is a similarity in both and they are dependent on each other.
In any areas of life when coming to business, offline or online, training has to be ongoing. Happy that you agree with me on this, and it is essential to implement this in business.
It does happen with big corporations and is a necessity for all managers to attend this training and bring it back to the workplace and teach their employees.
Thank you for sharing and all the best.
Hello,
Many of us have or had some sort of startup plans at some points of our lives but we failed to start it because we thought academically we weren’t perfect or not ready. But we forget an important that in our institutes we are not taught how to start a business or a startup and thus we cannot build up to it resulting in giving up the plans.
Your article addresses this very nicely and gives a proper explanation that with the right training we can start a business in no time even if we don’t have good grades in academics. Training and business are in fact inter-related with each other. The more we train ourselves, the more we get better at the business we want to run.
Really helpful article. Keep up the good work!
Thanks,
within the last six months, I heard someone spoke about there success here at Wealthy Affiliate and the person went to and admit before they start their training they had no idea how to copy and paste. They had no knowledge of how the Internet works and where they were going.
They stayed with the training and ask a lot of questions, most after looking back now was stupid questions but they got the answers regardless. After 14 months, that person walked away from their full-time job and began to work from home full-time on their business.
So yes, as you mention, your academics do not matter because the easy step by step videos show you exactly what you need to do as you follow along. Training is a vital part of any business and if we take the time and focus on that, our success would be imminent.
Thank you for your input here.
It is great that you take the time to highlight these two similarities and why they are so important when building any business, whether it is online or offline.
Somehow we believe that once the business is built, people would just automatically shows up and the business would just explode. And that is not the case as you mention.
Training in any business that we started has to come into play because what we have worked hard to build would not grow, and all the money and time invested would be wasted. Thank you for this information.
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Mohammed, I have seen many people make the mistake several times on not taking the time to go through any training when starting a business. and when we start a job for someone else, we have to do so.
when a newborn has come into the world, we make the necessary preparation. We bought a new car we know what has to be done to maintain its operation. We bought a new house and we do the same. But we fail to follow that same guideline with our business. Why is that?
We should definitely maintain our assets and get the necessary training when building a business, and Wealthy Affiliate is the right place to do just that. Thank you for the input.