08/10/2008

Developing The Winning Entrepreneur Mindset

Fast, faster, fastest... instant gratification is the name of the game. They want overnight success ("before breakfast" preferably!). But that is simply not part of building a business from scratch. A real business takes time and effort.

Yes, even online ones. So many Net Entrepreneurs somehow think that the Internet suspends fundamental laws of the business world. While building a business online does involve less risk (you don't have to mortgage your house!), it still takes real "sweat equity" to build a business that generates long-term, ever growing profits.

I had an interesting conversation with a friend, a successful Montreal real estate developer, the other day. She wanted to start a site that would make her company the "Montreal real estate development" epicenter, connecting international investors with local developers.

Great idea. Tight niche. Winnable. High Return On Investment monetization models.

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