Comments on: 7 Small Business Ideas Most Likely To Fail

By: Saige

Saige — Thu, 17 Nov 2011 02:40:37 +0000

I couldn’t agree more. Tenacity and desire to succeed are top two for me. I think a good chunk of the failed businesses (regardless of what type of business) are due to laziness and impatience more than anything – this is what gets us looking for the “get rich quick” button.

I think desire is a very powerful force which can overcome laziness and bring about tenacity – a workhorse of success.

By: Kevin@Business Cash

Kevin@Business Cash — Fri, 02 Sep 2011 06:38:51 +0000

Home Based business and internet marketing are great models to start earning passive income as a derivative of hard work. The cold hard fact is that 95% of people who attempt to make a livable income through IM or WAH businesses will fail. The reason is people think it is a magic bullet when the truth is…. There are no magic bullets!

By: Joe@UK Franchise Opportunities

Joe@UK Franchise Opportunities — Thu, 11 Aug 2011 14:52:25 +0000

Great read Lynne and well done on your affliate business success! I have to say I think that in an increasingly crowded online marketplace… those who are ahead of the game will most likely do the best. Affiliate marketing is great but its all about traffic and conversion at the end of the day and it takes hard work and effort to build a successful web presence. As Allen says before me, I think the majority of businesses fail because the business owners simply don’t put the effort in. It takes hard work to build a business (as a business owner myself) and you can’t expect customers to turn up on your doorstep breaking down your door with cash in hand… you have to go out and get them, then usually convince them on why they should spend with you rather than a competitor!
Joe

By: Allen

Allen — Tue, 11 Jan 2011 18:34:06 +0000

I think a lot of the failure is a result of the person not truly knowing what they are getting into and the resources and effort needed to make the business a success.

By: Jonathan@Search Marketing

Jonathan@Search Marketing — Sun, 31 Oct 2010 19:13:34 +0000

Online retail really does not surprise me as being linked to high failure rates. I think that people frequently believe that they can throw up a site and see a stream of money come fluttering over to them. The truth is that you have to really understand the market that you want to enter and then target a suitable niche. In addition it is so easy to undercut a retail business so you have to develop a strong customer base by offering a unique selling point that brings visitors back to your site for repeat purchases.

By: Solving the "marketplace" business model : Credit Debt Banking News | CDBN

Mon, 10 May 2010 20:37:22 +0000

[...] it’s a “go vast or go home” mentality? If there’s a blurb operation devise less expected to attain than a restaurant, this has to be [...]

By: Dawnaurora

Dawnaurora — Tue, 17 Nov 2009 03:03:02 +0000

This is a great article. It does come down to getting your mind out of the “get rich quick” mode. I do feel that if your heart and energy are focused in your business you will do very well.

By: Lewis Low

Lewis Low — Sat, 07 Nov 2009 11:06:17 +0000

Great insight! Online business becomes more and more affordable nowadays, so is the competition. One must breakthrough in order to stand out among others and avoid failure..

By: Greg Mesaros

Greg Mesaros — Wed, 16 Sep 2009 13:47:56 +0000

Yes Lynn, it would be interesting to see which industries prove to be most profitable; then again it would also be interesting to see where these conclusions of the least profitable businesses came from. Are they generalizations or true results from detailed research and trend analysis? It seems as if their point was to send out a cautionary message to those interested in starting a business for the wrong reasons, and ended up stereotyping industries such as traffic driven web sites and online retail as sure fail options.

-Greg Mesaros, CEO eWinWin

By: R. Knight

R. Knight — Mon, 14 Sep 2009 12:53:40 +0000

There’s never any shortage of people who will try to discourage you from going into business for yourself.

Usually they are employees who think everything is too hard!

Drive and careful planning is all it takes to succeed. You may not get filthy rich but nothing beats the working for yourself.

By: Traci Knoppe

Traci Knoppe — Mon, 07 Sep 2009 12:13:05 +0000

Excellent points Lynn! Just goes to show that we need to be careful of what sources we’re reading for information, especially if we’re seeking validation in our choices.

There is not one single thing/topic/issue on this planet where everyone will all agree. Daily there are things touted as impossible – until someone goes out and does it.

Just because a majority of folks will not succeed in those business models mentioned in the article; doesn’t mean the business models themselves are bad. Like you said Lynn, it’s all in the action taken with planning beforehand that determines success or failure.

Failure to plan = planning to fail; and without action, you’ll never get off the starting line.

By: Marius

Marius — Sat, 05 Sep 2009 23:36:38 +0000

I’m still figuring out how to really earn a huge amount of money. It’s true, hard work and consistency are two keys to success in all works. I believe a solid plan will be the next thing once you’re already starting your own business, only if you don’t have enough idea about the business, and if you need to provide a small amount for your starting capital. Otherwise, you need to carefully evaluate your business plan.

By: xpirtdesign

xpirtdesign — Fri, 04 Sep 2009 20:43:16 +0000

Everything you guys are saying is so true you must have the passion and commitment to work and be successful thanks for the post and im going to keep reading on all your tips and suggestions thanks guys

By: Alan Petersen

Alan Petersen — Wed, 02 Sep 2009 21:51:44 +0000

I wonder how many businesses the writer has run successfully online or offline? I didn’t read the reporters bio. I believe you hit the underlying issue right on the head. Get rich quick without working…yep more than likely won’t happen. People need to separate the equation of getting rich quick without serious work with running a successful REAL business online. As to needing millions of page views that reporter is stuck in pre-Internet bubble burst days. I’m pretty sure Twitter gets more than a million page views and they’re not making money I have a friend who has a very popular site. Over 4 million page views per month…they’re running it at a loss while waiting for the big corporate conglomerate in their niche to buy them out…so millions of hits doesn’t magically equal online riches.

By: Patty Gale

Patty Gale — Wed, 02 Sep 2009 14:32:34 +0000

We saw this article, too, via Ben Settle’s post on Facebook, and thought that this was THE most small-minded thinking we’ve seen in a long time.