Top 4 reasons why starting a online business beats starting a brick and mortar business…

So recently I seen a statistic about the fail rate of small online businesses and the stat was compaired to the fail rate of starting a brick and mortar business and even though both the numbers are high, the argument was that you’d be better off going to a business school and learning how to start a corperation or brick and mortar business than to utilize the internet and starting a online business. Although I disagree with the statistic I’d like to point out why I don’t agree and give 4 plausable reasons why starting a online business would be a safer bet than starting a business the traditional route. Check out the statisitc by Forbes before reading if you’d like to! Let’s begin.

 

 1. The internet is the new wave

As social media and the power of the internet continues to grow and become more mature, we have the power to guide people’s attention to stores, offers, products, etc… All from the comfort of our home. With the internet and the endless amount of possiblities that it provides us, we cut out most of the tradtional ways of learning and can learn straight from the horses mouth about any skill we want to learn about. No degree is required to start an online business, so you’re not wasting four years of time learning information that hasn’t updated from a professor that hasn’t practiced what they’ve taught.

Now yes, 80% of new businesses(brick and mortar) fail within the first 5 years so when you compare the stats together you would think that brick and mortar businesses would be a better and safer bet to go into, but you have to think about some outside factors that most businesses classes or colleges won’t teach you. How would you start a brick and mortar business? Well first you would have to take some business classes in order to know the ends and outs of why they’re created. When I took some I realized a few things, there’s way too many factors of starting one like for instance:

• Are you starting it by yourself or partnering with people
• What’s the business plan/blueprint you’re going to be using
• Business loans
• Picking buildings
• Hiring employees
• Legal list(contracts, lawyers, etc)

There’s a shit load of factors you have to consider before even starting a business the traditional way, can it be done? Absolutely, but it will take longer while for it to actually come to life and that’s why not many people will do it.

 

2. Smaller risk

Now to go ahead a debunk that statisitc a bit further, the reason why small online businesses are being created at a higher rate and why traditional businesses aren’t being created as much is pretty much one thing… Risk. The average cost to start a business back in the day was around $150,000-$300,000 and thats before even turning a profit. In this day and age with platfroms such as Shopify, Woocommerce, and Amazon you can literally start a online business for less than $30 dollars. So obviously more people are going to start online businesses even if most people who start one don’t even take it seriously( just for shits and giggles).

Now let me ask you a question. Which loss would you rather take? Losing a few hundred to thousand dollars on a small online business or losing 4 years of time, hundreds of thousands that’ll you’ll have to pay the bank back, risk messing up your credit and putting yourself in debt? Me personally I wouldn’t mind losing a few hundred compare to what you could lose if your business fails on that scale. Remember, it’s not the smartest people who make it in this world, it’s the people who can adapt to change. So when these businesses schools and classes aren’t updating their methods on how to create a business for this day and age you’ll literally be setting yourself up for failure and on a greater scale.

 

3. Location neutral

Now one thing that puts online businesses on top of the hill is that where ever there is internet connection you can work. So that means at home, traveling, hotels, beaches, etc… Where ever you go your business goes. In this day and age we are always on the move and there’s nothing more restricting than having a source of income that you can’t take with you. You would have to prioritize your trips and outings accordingly so when you do leave you can have an idea on how your business is doing. Now you could just hire someone to look over your stuff, but me personally it would be more setteling to have full control of my business anywhere I go wether I’m on a vacation or not. I believe having a online business gives you the freedom to set your own hours and set a schedule that can work with your lifestyle and with a brick and mortar business you’d actually be putting 40 more hours than normal employees that work normal 40 hours a week.

 

4. You can create muliple businesses in a short amount of time

Now this is a factor that actaully brings my point home. One thing about starting online businesses is that once 1 business goes up and starts generating you great amounts of money, you now have the skill to start another 1 and another 1. Remember the average millionaire has 7 streams of income. With brick and mortar businesses, more people rely on that 1 business to take off and rely on that one source of income. Nothing too bad about that, but as we look at dying brick and mortar businesses/department stores such as Sears, Toys-R-Us, etc… Yeah they made millions, but it’s not about how much you make it’s about how much you can keep. They’ve lost millions and closed hundreds of stores all because times have changed and E-com giants such as Amazon and Shopify have blown the competition out the water.

So even if you had 7 online businesses and 4 failed, you’d still have 3 to fall back on and you have the knowledge, skills, and capital to create more streams and that’ll put you ahead of most business grads who went to school that learned a whole dated way of doing something instead of adapting to the change which is the internet. So in conclusion with these points, don’t let that statisitc scare you because at first glance with those numbers it would seem to be safer to start a business the traditional way, but when you factor in all of the risk, cost, restrictions, and the drawbacks of starting a business that way, you see that starting a business with the internet in this new age will cut 85-90% of that headache and have a quicker return on investment, creating your financial freedom.

Should you go to college/go back?

Now before you jump down my neck about this, at least hear me out real quick. I’m not against education, in fact you need to be educated in order to be successful. However, it is the type of education you get that will determine the success you want to see. Quote by Jim Rohn, “Formal education will earn you a living, self education will earn you a fortune.” If you want to just earn a living and by that I mean just enough to pay the bills than yeah college is for you, but if you want to achieve financial freedom you’re going to have to learn outside of the school house and dip into self education. With that being said you might be in a position right now to were you probably just graduated highschool and wondering what the next step is or you can be the person who is currently in college and wants to know if the work thats being put in will be worth it. You might even be the person who never went to school, but life is beating your ass and you’re starting to wonder if you should go to college or at least get a GED. Well today, i’m going to ease your mind on those things so grab your favorite snack and get ready to read!

 

Now the first thing we have to cover is why are most people going to college. The quick answer would be because, they want to make more money in order to provide for their family or future family. In today’s society we’ve been taught that the only way to be successful in life is by working your ass off and getting a piece of paper that shows that you can read words off a text book. Quick little disclaimer by the way before I take off the filter and go in, if you’re going to school for something that actaully requires a degree like for example;

• Doctor(or anything in the medical field)
• Lawyer
• Engineer
• Scientist
• Teacher
• Anything in STEM
• Trade schools

Then this will not apply to you. You should most definitely stay in school and stick it out because we will always need you and those careers will always be in demand. If you’re not going for one of those things I’ve listed than for the most part you’re wasting your time. If most people were smart, they would start off at a communitiy college and knock out your basics and not be in dept then either continue in a community college or transfer to a university after your first two years(which will save you a great amount of debt)leaving you in a much better position. Because at the end of the day you’re learning the same shit.

Lets get another thing established right now since we’re here. The whole reason why the school system was even created was to simply create workers. Employees. Think about it, why is it that a school day and a work day have strong similarities? You wake up early in the morning, if you’re late you get a tardy(or write up), you’re in a room for 8 hours a day, you have to ask permission to use the restroom, you get a lunch break, you get sent home to do more work, you do the shit again the next day. It’s an ongoing cycle. When you were in pre-k all the way to kindergarden the teacher made you write what you wanted to be when you grow up and told you what you could do, then come 1st grade- all the way to college you were told what you couldn’t do. For 12-16 years you’ve been conditioned to work for the majority of your life and for the most part you didn’t even know it and even if you did you didn’t question it. Don’t believe me? Look back into your highschool years(or college years) a see what you did the entire day and then compare that to your 9-5 job and tell me if I’m lying.

But moving on, college can be benefitcial in a social aspect, but that’s about it. If you want to build connections and network with a lot of people then college is a option, but at the same time should you put yourself in 40k-100k in debt just to establish a social life ? Hell you can do that for free.99, I have a lot of connections and I’ve managed to have a college experience even after I dropped out. People you have to understand the times we live in right now. We are living in the age of the internet and this is the age of information. Which means anything youn want to learn about you can do it in a matter of a couple seconds utilizing platforms such as Google and Youtube. We also are in a time where any gift/passion you have you can make money off of it.

You damn sure need to stay out off college if you’re trying to do the following;

• Artist
• Music
• Entreprenuer
• Anything that involves being creative

Because the school system was not built for you. I do online businesses, before I was doing that I took some business classes at my community college. I can not tell you the amount of whooptiy scoop I’ve learned in less than a semester, literally the whole time we were doing pointless powerpoints, learning terms and definitions like that was going to help me build a f*cking business, writing papers that were just useless and I think my professor was a lowkey feminist, but I won’t get into that today. To bring in that point we weren’t even learning the new ways but the old ways how to start a business(more brick and mauter type businesses which are failing). All of my future entreprenuers and business owners listen up, why in the hell would you pay to learn from a teacher that hasn’t even started a business themselves. Think about that for a second.

Now I would actually be for college if the system actually taught you real world vaulabe skills that you can utilize and actually become successful with. There should be no reason why you go through 4-8 years of college taking on massive amounts of debt, graduate, and not be able to get a job off the back within 6 months or not even knowing what you want to do after you’ve done your time in school, period. You invested that much time and money in you should damn near be gareenteed a good job that can keep you and your family stable. So my personal advice to you as someone who has been inside I will tell you this, school is only worth it if you’re pursuing a career that requires you to have that level of education. Careers in demand will always pay good money. If the degree you’re currently pursing isn’t in those high demand careers, you’re literally putting yourself in a trap to become a 9-5 employee. If you have a burning desire to be creative or do something that doesn’t require a degree, save yourself the money and stress and go pursue it. The world has enough zombies.