Entrepreneurs
Is Starting an Online Business Risky During a Pandemic?
If you’d like to learn how to start an online business so you can bring in more income, sign up for the free 90-Day Master Class hosted by the founder of Addicted2Success.com, Joel Brown.
With businesses closing left, right, and center, you would be forgiven for thinking that starting an online business during a pandemic is a terrible idea. For some, it may be. However, what you must realize is that it is (mostly) brick and mortar stores that are closing their doors.
Online businesses, on the other hand, tend to be thriving. Starting up a business of any description is always going to be a risk, but starting up an online business during a pandemic may not be quite as risky as it first appears.
Reasons to Not Consider Starting an Online Business During a Pandemic
As we said before; people are buying online much more in the midst of this pandemic. However, it doesn’t mean that they are spending a lot of money. In fact, a lot of people no longer have the income that they had in the past. This means that they do not have much money to spend online at all. So, while there are sales to gain from an online business, there is going to be a lot of competition for the limited amount of cash. This means that you will need to do something incredibly unique if you want to stand out from the crowd.
You must also remember that starting an online business is a learning process. We are not telling you that you can start up a business right now and be making money hand over fist by tomorrow. It may be weeks, sometimes months before you can see any sort of return on the money you have invested. Even then, there is no guarantee that you will make money with an online business but if you put the work in, you could see a return sooner than you think.
Running your own business takes a dreadfully high amount of motivation too. As in, you really are going to need to knuckle down and do the work.
Creating an online business is going to demand a lot more time and effort from you than a standard job. If you are not willing to put in all of that hard work, then this is absolutely not going to be a good business for you. The reality is, you can’t get demotivated from your first failure. Heck even your third or fourth. See this as a positive and learn from it.
While we are on the subject of money, you do need to remember that starting an online business is going to involve some investment. It doesn’t matter whether you go down the eCommerce or affiliate marketing route, you are going to need to be spending money at some point.
Therefore, if you do not have a lot of it to spare and you need something to see you through this pandemic, then you absolutely should not start an online business just yet. Wait till it passes, then consider it.
“Challenges are gifts that force us to search for a new center of gravity. Don’t fight them. Just find a new way to stand.” – Oprah Winfrey
Reasons Why You Should Consider Starting an Online Business During a Pandemic
Right now, you have a captive audience. People are not leaving their homes to buy goods. The vast majority of people are doing their shopping at home. This is fantastic if you are running an eCommerce website or work as an affiliate because people are already going to be naturally searching the internet for goods that they would have normally have gone to their local store for. It is likely that this is something that will continue for the foreseeable future, so if you gain a foothold now, you may profit for a long time to come.
Starting an online business takes a whopping amount of time too. It is likely that you didn’t have the time to spare when you were working a full-time job. However, now you are likely to be stuck at home for the long term so you can really knuckle down and get an online business rolling. This includes doing your research to ensure that you are doing the right thing with your business. You may as well put all those spare hours to use, right?
Of course, starting up an online business now can help you to be a bit more financially independent. If your business is a success, then there is no need to worry about losing your job in the future. You will be working for yourself, and you will have full control over your income. And something like this will happen again. It may not be a pandemic, but there are a whole host of situations that can result in you losing your job. If you sit at the head of a company, then you can probably weather most storms.
To cap it off; starting an online business now will help you to gain skills that you can use if you decide to enter the workforce at a later date. An example of this is you will learn how to do SEO, create content, and run websites. So, even if you are not planning to do this long term, it could help your employability later on.
If you keep your online business running when you do finally enter full-time employment again, you may even have a nice little bit of side income that can see you through when times get a little bit rough in the future. A better scenario will be to quit your full time job altogether and join many other entrepreneurs in the life of freedom.
“It’s not about ideas. It’s about making ideas happen.” – Scott Belsky
Conclusion
While there is a lot of money to be had in the world of online businesses right now, you have to remember that starting a business does come with some challenges. You will also be starting a business in a financial climate that we have not experienced for a really long time. It is going to be a risk. If you have money to spare, then, by all means, jump on the risk.
It may end up paying you dividends later on down the line. Just be smart about it and if you’ve got some money set aside to invest, it could be the best decision you have ever made. One thing is certain – you’ve got the time so make the best use of it.
How are you spending your time during the coronavirus pandemic? Share your thoughts and stories below!
Entrepreneurs
The Silent Killer of Entrepreneurial Dreams (And How to Make Sure It Never Takes Yours Down)
You started with fire in your belly. The vision was crystal clear. But somewhere along the way the doubts crept in. The “what if I’m wrong” thoughts. The comparison to everyone else’s highlight reel. The quiet voice that says maybe you should just play it safe and get a real job.
That voice is the silent killer. Not cash flow problems. Not bad hires. Not even market shifts. It’s self-doubt that quietly talks most entrepreneurs out of their biggest breakthroughs.
I’ve been in rooms with founders who’ve raised millions and still battle it daily. The difference between those who push through and those who fold isn’t talent or luck. It’s how they handle the internal noise.
The game-changer is learning to treat doubt as a signal, not a stop sign.
Every time that voice gets loud, it usually means you’re on the edge of something important. Growth lives right outside your comfort zone. The entrepreneurs who scale don’t silence the doubt—they thank it for showing up and then take the next step anyway.
Here’s how to make that practical.
Keep a “proof file.”
Every win, every positive customer note, every metric that moved in the right direction. When doubt hits, open it. Evidence beats emotion every single time. Most founders are terrible at remembering their own wins. They move the goalpost so fast that yesterday’s victory feels ordinary by today. A simple document or folder where you collect proof changes the internal conversation. It becomes harder to believe the doubt when you have a running list of times you were wrong about your own limits.
Surround yourself with people who are playing a bigger game.
Isolation breeds doubt. A strong peer group normalizes the struggle and reminds you you’re not crazy. The entrepreneurial path is full of invisible landmines. Having people who’ve stepped on a few of them—and lived to tell the tale… makes the journey feel less lonely and more possible. Find masterminds, find mentors, find founders a few steps ahead of you who are willing to be honest about the hard parts.
Reframe failure as data.
Every setback is just information about what to do differently next time. The fastest learners treat mistakes like tuition, not tragedy. This doesn’t mean you celebrate failure or become reckless. It means you extract the lesson quickly and move forward without carrying the emotional weight longer than necessary. The founders who win long-term are the ones who fail fast, learn faster, and keep their identity separate from any single outcome.
Get brutally clear on your “why.”
Not the surface-level money or freedom story. The deep one that still lights you up even when the work sucks. Reconnect with it daily. When doubt shows up, it’s often because you’ve lost sight of the deeper reason you started. Spend time with that reason. Write it down. Say it out loud. Let it remind you that the discomfort is temporary and the mission is bigger than the fear.
And finally, give yourself permission to be in process.
Most entrepreneurs compare their chapter one to someone else’s chapter ten. They see the polished results and forget the messy middle that every successful founder had to walk through. Your story isn’t over. It’s not even close. The doubt you feel today might be the exact thing that forces you to get clearer, stronger, and more intentional than you’ve ever been.
The path of entrepreneurship was never meant to feel safe. That’s the whole point. It forces you to become the kind of person who can handle bigger problems and bigger wins. Doubt will show up. It always does. But it doesn’t get to drive.
You do.
Entrepreneurs
The One Brutal Mistake That Keeps Most Entrepreneurs Stuck at Six Figures (And the Fix That Unlocks Seven)
You built something real. Customers are coming in. Revenue is growing. But no matter how hard you grind, it feels like you’re hitting an invisible ceiling. The business owns you more than you own it, and scaling feels like a distant dream instead of the next logical step.
I’ve seen it destroy too many sharp founders. They’re doing everything “right”—working longer hours, chasing every opportunity, saying yes to every client. And yet the growth stalls while their stress skyrockets.
The mistake isn’t effort. It’s identity.
Most entrepreneurs still see themselves as the indispensable hero who has to touch every single part of the business. They built it with their own hands, so they believe only they can run it at the highest level. That belief is exactly what caps them at six figures.
The shift that changes everything is deciding you are now the leader of a system, not the worker inside it.
You stop being the best operator and start becoming the best owner. That means ruthlessly auditing where your time is spent and handing off everything that doesn’t move the needle on growth. Yes, it feels scary. Yes, it feels like you’re losing control. But the entrepreneurs who break through are the ones who trust the process more than their ego.
Here’s what that actually looks like in practice.
First, identify your $10,000-an-hour activities
The ones only you can do that truly grow the company. Everything else gets documented, delegated, or deleted. Most founders I know are shocked when they finally track their time for two weeks straight. They discover they’re spending 60-70% of their week on things that could be handled by someone else at a fraction of the cost. The ego loves to whisper that “no one can do it as well as me.” That voice is expensive. It costs you leverage, it costs you time with your family, and it costs you the mental bandwidth to actually think strategically about the future of the business.
Second, build repeatable systems for the rest.
Not fancy software. Simple checklists, processes, and people who own outcomes. Your team stops waiting for your approval on every little thing. This is where most entrepreneurs get stuck—they hire help but never actually transfer ownership. They create bottlenecks because every decision still funnels back to them. The fix is to document the process once, train someone thoroughly, then step back and let them own it. Yes, there will be mistakes in the beginning. That’s the cost of building something that can eventually run without you. Every mistake becomes a better system.
Third, measure what matters.
Revenue per employee. Customer acquisition cost. Lifetime value. Stop celebrating busywork and start obsessing over leverage. I’ve watched founders go from celebrating “we’re so busy” to celebrating “we added three new team members and revenue per person went up 40%.” That’s the shift. When you start measuring the right things, your decisions change. You stop hiring to offload tasks and start hiring to multiply output.
The hard truth is that most entrepreneurs never make this transition.
They stay the bottleneck in their own business. They become the ceiling. And the business grows to the exact size that one person can manage with heroic effort… then it plateaus. The ones who break through are willing to feel uncomfortable for a season so they can build something that actually scales.
You didn’t start this journey to trade one boss for another… especially when that boss is you. Let go of the need to be the smartest person in every room. Your job now is to build something bigger than yourself. The ceiling isn’t real. It’s just the point where your old identity stops serving you. The question is whether you’re willing to let that old version of you die so a new one can lead.
Business
Scaling a Business? Here’s What Usually Goes Wrong
Before you hire, expand, or chase bigger revenue, here’s what every founder needs to fix to scale without losing control, culture, or quality.
Growing a business is the dream. But scaling one? Honestly, that is a completely different reality. (more…)
Business
Why Most Financial Plans Fall Apart (And How to Fix It)
Most financial plans fail due to poor risk management, lack of strategy, and emotional decisions – here’s how structured advisory keeps you on track.
Advisory services are redefined into a mandate for individuals and corporates seeking enhanced financial planning capabilities. (more…)
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