Sergey Brin and Larry Page, the founders of Google, Pierre Omidyar, the founder of eBay, Jeff Bezos, the founder of Amazon and Tom Anderson the founder of MySpace... what do all of these people have in common with each other? Well first of all, they are the founders of some of the most popular websites on the Internet. Secondly, these five people are successful entrepreneurs in a true sense of Entrepreneurship.
So what did these people do right? What does it take to be an entrepreneur? Is it as easy of having an idea? Or is it the act of intention mixed with determination?
In my opinion, anyone can have an idea but it takes someone special to be a true entrepreneur. It all comes down to having the right ingredients as both an individual mixed with a decent idea. If one of the ingredients is missing, it will be impossible to be considered or act like a true entrepreneur and get your Internet business off the ground. It is fact, that someone can have the most unbelievable idea but without the act of intention (an anticipated outcome that is intended or guides your planned actions) mixed with determination (the quality of being determined to accomplish something) it will be extremely difficult for that person to make their amazing idea a success. Yet on the other side of the coin, someone can take such a simple idea of selling items on eBay but have the intention and determination to succeed, that they will be considered a true entrepreneur and will absolutely make their simple idea a vast success.
Over the past decade, the Internet has opened the doors to a whole new way of doing business. This new online playing field has allowed almost anyone to start their own website. From product websites like Amazon and eBay, to virtual communities like MySpace and to search engines like Google and Yahoo, there have been thousands of different types of ideas that sprung up and continue to arise on a daily basis, which people have attempted to turn into the next big idea. With thousands of new sites popping up every day, its becoming more difficult for the average Joe to make their idea successful. Many websites are up for a few months and then just simply disappear because the owners have either failed to generate revenue or became frightened that they would fail to continue the growth of their idea hence someone that is lacking their entrepreneurial ingredients.
Now please dont get me wrong. I am not saying that considering there are so many sites popping up every day, that someone cannot create the next big idea. I believe that there is still a huge potential to create the next wave or to become the next Internet mogul. Someone that has a good vision mixed with intention and determination can make their idea a success and this opportunity will continue for many years to come. The Internet will continue to present the next Google or MySpace every few years and these older sites will continue to face more competition on a daily basis.
With a reduction in operating costs, employees and transaction time the Internet offers entrepreneurs with the opportunity to self-efficiently get an online business off the ground with minimal resources. Yet, times are tough in todays Internet World and running an online business is not as easy as it may sound. Anyone who starts an online business will be sure to run into road blocks and encounter obstacles that may damper or hinder the growth of their company at some point. However, the individuals that can pursue through the tough times and stick to their guns will be considered an entrepreneur and could possibly become the next Sergey Brin or Larry Page.
Entrepreneurship is not for anyone. If youre thinking about starting your own online business, then ask yourself this one question and you will know if running an Internet business is right for you. Will your idea stack up to the thousands of other ideas already a success on the Internet and if so, will you have the intention and determination to continue to build your business when you are at complete Rock Bottom?
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