Buying Online Businesses Podcast 3 Reasons Online Businesses Fail + How To Avoid Them with Jaryd Krause
An amazing question to ponder is this: How can entrepreneurs have the confidence and conviction that their journey toward acquiring and building wealth will truly work and provide the lifestyle they desire? How can they know if it will all pan out right?
In this episode, Jaryd takes a more personal approach, sharing insights and experiences from his own journey. He addresses tough questions about mindset that have come from a listener who’s been grappling with their own business struggles. This listener has been following Jaryd's podcast episodes and reached out via email with a series of questions.
Together, he explores how to build wealth, replace income, and do it all with confidence and conviction, even when facing adversity. When things aren’t going as planned, it’s easy to doubt whether time, money, and energy are being invested into the right strategies. Frequently switching of tactics and trying different methods to make money online can be tempting.
In this episode, Jaryd shares his stories and the strategies he has used to overcome challenges, build self-confidence, and set himself up for success. This isn't just about avoiding failure; it’s about understanding how to leverage experiences to create a sustainable and thriving online business. Let's get into it.
Episode Highlights
06:40 - Don’t try, Do it!
11:00 - Remember your vision regularly
15:00 - Thinking if a business can produce the lifestyle you want can cripple your success
19:20 - Find the other sides of the business that you’re passionate about!
23:30 - Believe in “yourself”
Key Takeaways
➥ Many entrepreneurs struggle with uncertainty about whether their efforts will pay off. Frequent changes in strategy can lead to a lack of progress and frustration.
➥ Acquire an online business using a due diligence framework to minimize mistakes and maximize success.
➥ Avoid a short-term mentality of "trying" things. Instead, commit wholeheartedly to your business goals. Success often requires a long-term commitment of 5-10 years or more, rather than a few months.
Resource Links
➥ Buying Online Businesses Website - https://buyingonlinebusinesses.com
➥ Sell your business to us here - https://buyingonlinebusinesses.com/sell-your-business/
➥ Download the Due Diligence Framework - https://buyingonlinebusinesses.com/freeresources/
➥ Cloud Ways (Website Hosting) - https://bit.ly/40tjyjG
➥ Optimize Press (WP Funnel for building landing pages & funnels) - https://bit.ly/3py1ln2
➥ Ezoic (Ad Network) - https://bit.ly/3NuVR5P
🔥Buy & Sell Online Businesses Here (Top Website Brokers We Use) 🔥
➥ Empire Flippers - https://bit.ly/3RtyMkE
➥ Flippa - https://bit.ly/3wGa8r5
➥ Motion Invest - https://bit.ly/3YmJAmO
➥ Investors Club - https://bit.ly/3ZpgioR
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