Still Just Thinking About Starting That Online Business?

The Hidden Costs of Living Pay Packet to Pay Packet

You’ve likely noticed how much harder you’re working—or how much more exhausting it’s becoming—just to barely afford the necessities.

Relying solely on a salary not only leaves little room to manoeuvre but also fails to protect you from sudden income loss. These realities make a strong case for starting that business—like yesterday—but we all know this, right? Logic isn’t the answer.

 

Taking Steps Towards Achieving Financial Independence

It’s surprising how many people hesitate to take action to improve their financial situation—almost as if dwelling on the problem alone could solve it! Not enough time? Imagine if your only option to pay an unexpected bill was to take on an extra job. That’s a reality for many people. It doesn’t have to be yours.

Right now, you have the opportunity to take control—to take action—before this scenario becomes your reality. 1stOnlineBiz101.com is here to help you develop the skills to generate income online and move toward financial independence. 

Here at 1stOnlineBiz101, we believe there’s a business model to suit everyone—no formal education or prior experience required. Whatever challenges you think might hold you back, there’s always a way forward!

To Key to Online Business Success: Preparation

If you’ve tried before but encountered setbacks, understanding the fundamentals of the online marketplace is crucial—including choosing the right topic for your business. It’s not the same as a physical business, and we’ll walk you through everything you need to know to set yourself up for success. By learning these key principles, you’ll be able to take full advantage of the many online business opportunities available to generate income. 

It really is possible for anyone to step up to succeed online!

And that’s why 1stOnlineBiz101.com was created—to provide budget-friendly methods that empower everyday individuals to learn, grow and achieve financial success without stress. 

Why Most People Hesitate to Start

It’s common to stumble at the very first hurdle, coming up with a viable idea can feel impossible. Many people abandon their goal before they’ve even started! Some may have a potentially lucrative idea, but a lack of startup funds, business knowledge or marketing skills leaves that high-potential business concept gathering dust in the drawer. Others feel their idea is too ambitious to pursue, but that shouldn’t stop them from starting at an entry level. A challenging beginning doesn’t mean the door is slammed shut—it’s simply an opportunity to find the right way forward. 

Certain ventures are hard to pursue without specific knowledge, skills or necessary funds. And it is about finding the right way forward if you’re in this position. Thankfully, you’re starting at the right point.

We also know that not knowing where or how to start a business venture can be debilitating and completely overwhelming – going down one too many rabbit holes which cause delays which lead to diminishing hopes, leading to abandoned plans. This can easily cause a knock to your confidence  which can also hold you back from making a start. 

 

It’s time to reclaim those abandoned hopes and make today to be the start of your journey toward your first successful online business!  

 

A Realistic Starting Position of an Online Business

Even with a clear business vision, many aspiring entrepreneurs may struggle at various stages while building their business. For others, those with no clear idea on a topic for their business, the solution by 1stOnlineBiz101 is from inception to launch.

Having a strong ‘Why’ is crucial—not just for starting your business, but for staying the course. The journey isn’t easy, and some will face steeper learning curves than others. But there’s nothing more rewarding than taking control of your life: working for yourself, choosing when and where you work, and reaping the financial rewards of your own efforts. 

Your ‘Why’ serves as a powerful driving force that should never be underestimated. Setbacks will come, and challenges will arise—but with a strong purpose guiding you, you’ll have the resilience to push through and succeed. 

The ‘Lack of Time’ Problem?

I explore this issue more thoroughly in my blog: What’s Really Stopping You from Starting an Online Business? Five Common Barriers That Hold You Back. There, I dive deeper into the specific challenges mentioned in this post—time, funds, lack of ideas, skills, knowledge, and confidence—the key reasons why many hesitate to start their business. 

However, since time is often the biggest hurdle, it’s especially relevant to address it here as well. 

Time is a significant challenge for many aspiring entrepreneurs. We all have just 24 hours in a day, which makes it crucial to use your ‘spare’ time wisely when building a business. 

If you’re worried that a lack of time will slow your progress, it’s vital to tackle this head-on before you start. Here, I share with you a couple of powerful and thought-provoking quotes to help you navigate this challenge. 

“Your beliefs become your thoughts, Your thoughts become your words, Your words become your actions, Your actions become your habits, Your habits become your values, Your values become your destiny.”  Mahatma Gandhi

“If you want to do something, find a way to do that something. Negativity grows the more you fertilise it. You’re actually shutting down your brain, stopping yourself from looking for opportunities.” Anon

In short, change your thinking, you’ll change your outcome.

It’s important to understand that this isn’t about simply telling you that you will ‘find time’ if you wanted it badly enough, nor is the lack of time just a matter of perception. This is something for you to assess for yourself.

Imagine if this limitation of time results in it taking a year to build your business? Well, if you don’t see any other opportunities to improve your prospects within that same timeframe (or however long it takes in your situation), then what do you have to lose?

How to Overcome ‘Lack of Time’

The biggest drawback of limited time is that it can slow your progress. Earlier, I mentioned ‘a year’ as a possible timeframe—now it’s time for a reality check. 

If you can only realistically commit a couple of hours per day on a few days per week, I applaud you. Remember, many people spend years merely thinking about starting. By taking action, you’ll already be miles ahead of that group. 

The key is to stay on track—make sure you apply effective time management strategies to maximise the hours you do have and keep your momentum going.

To Sum Up

Pursuing financial independence through a side business doesn’t just provide peace of mind in the form of extra financial security—it also gives you the freedom to choose how you spend your days and where you build your future.

Do you believe your reason for starting a business will resolve itself by other means, if the answer is anything other than a firm ‘yes’ you’ll find a solution with 1stOnlineBiz101. Your timeline for completing this project will likely be longer than others, and, if funds are not a major limitation, you can consider hiring freelancers to handle the non-core tasks. 

Ultimately, developing strategies to organise your time is essential unless you already possess these skills as an asset, along with a strong “Why.” 

Lastly!

Understand that there’s no such thing as a get-rich-quick scheme online. No one achieves success without at least mastery of the fundamentals of the online marketspace. 

Building an online business is one of the most effective and accessible ways to generate extra income today. With the internet’s vast connectivity—reaching billions of people—and relatively low startup costs, it’s never been easier to start a business of your own. A simple search will reveal countless ideas, with some lists offering up to a hundred business models to explore. Whichever business topic you choose, choose 1stOnineBiz101.com to help you walk through the journey.