Optimal Work Daily - Career, Productivity and Entrepreneurship 577: [Part 1] How Long Does It Take To Start An Online Business by Steve Chou of My Wife Quit Her Job
4 snips
Apr 30, 2022 AI Snips
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Long-Term Commitment
- Commit to your business for at least three to five years, not just six months.
- Short-term thinking won't work when building a successful online business.
Initial Struggles and Long-Term Vision
- Steve and his wife initially aimed for $100k before their baby arrived but were prepared for long-term effort.
- Their early strategies, like diverting eBay customers, failed due to rule violations and forum bans.
Underestimating Long-Term Growth
- People overestimate short-term achievements and underestimate long-term potential.
- Steve and his wife were surprised by their business's continued growth beyond their initial goal.