Today hundreds of people start an online business every month, yet only a very small percentage of these people actually succeed to earn money online. Why do so many people fail? With the countless blogs, eBooks, courses, coaches and programs available to everybody the success rate should be much higher. I have worked it out and there is a definite reason why some people succeed online and others do not.
What is the number 1 reason people fail with their online business?
The number one reason why people fail with their online business is because “THEY QUIT”. This might sound harsh but it is true, most people who start an online business will quit in the first 9 -12 months from starting.[bctt tweet=”A Sailor does not learn his sailing skills, sailing in calm water.”]
Why do people quit their online business?
The biggest individual challenge a person will face in their online business is how to deal with constant business challenges. These constant business challenges can seem like they will never end and can lead you to feel tired, frustrated, lonely, confused, lost, direction-less and the easy option is to give up.
So how do you make sure you are that small percentage of people who succeed online?
There has to be a reason why some people do not quit and persevere with their online business and make it a success and others don’t.
The difference is “Accountability”; it has been determine that the best way to achieve anything in life is to be accountable for your actions.
Let us think about this for a moment; every day you are accountable for your actions and things get done. At your job you are accountable to your boss; at home you are accountable to your family in providing them with food and shelter, on the road you are accountable to the laws of the road to keep everyone safe and so on…
Being your own boss with your online business you are accountable to yourself. Most the time you work on your business on your own and in your spare time so what happens when things don’t work out the way you intended? How do you work through the challenges and make sure your business is moving forward?
What is the best form of accountability for your online business?
A good start is to surround yourself with like-minded people, who are working towards a similar goal who can keep you motivated to succeed.
However there is one thing all successful online business people have and that is a coach. A coach for them and their online business has been determined as the single definite reason why some people succeed online and others fail.
Why a coach? A coach helps you develop a strategic and tactical plan for the success of your online business. They will provide you with the tools and action steps to accomplish your plan and hold you accountable for your actions or inactions. A coach works with you to make sure your online business grows.
Depending on your current situation with your online business will determine the type of coach you need. Check out how I can help you with my private online business coaching. My private coaching is personal; it is intended for you and your business only. Click here to read more….
At the end of the day, you are ultimately responsible for the results of your online business however a coach could be the difference between you becoming one of the small percentage of people who succeed online or just another online business failure.
Here is to your success with your online business and abolishing the need for a job.