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One of my more important successful entrepreneur tips If you're reading this, it's highly likely you want to make it online, earn a full-time income and even quit your job. Throughout my website, I provide you with a host of "successful entrepreneur tips" that can help you do just that. However, there are some potential issues you need to be aware of as you start to see success, let me explain. There's an entrepreneur on YouTube I loosely follow by the name of Greg Preece. I say loosely because although he's a successful affiliate marketer he was following a direction last year that I could see might be unsustainable in the long run (Merch by Amazon). That said, he got himself to a stage where he was regularly earning $3,000 or so a month of passive income which is a great achievement. Greg was posting to YouTube virtually every day, uploading hundreds…

As entrepreneurs, it's all too easy to neglect our health. Long spells at the keyboard, even longer days (14 hours are not unusual) and a lack of exercise can all take their toll. The thing is, when you work such long hours, you can fool yourself into believing you're being productive when the exact opposite is actually true. Eventually, it will catch up with you, your productivity will drop, and your health may even suffer. So, take regular breaks, try to work reasonable hours and get out in the fresh air regularly - even if it's for a short time over lunch. Many hours at my desk eventually took its toll In my case, overwork and too many hours spent hunched over the keyboard eventually took its toll. I got back pain so bad, after only half an hour at my desk, I could barely stand up and shuffle to the kitchen…

The importance of persistence & continuous self-improvement There are quite a few quotes that give me inspiration when I work online, here are a couple of my favorites. The first is by Calvin Coolidge, the 30th President of the United States: "Nothing in this world can take the place of persistence. Talent will not: nothing is more common than unsuccessful men with talent. Genius will not: unrewarded genius is almost a proverb. Education will not: the world is full of educated derelicts. Persistence and determination are omnipotent" Think about this and relate it to your own online journey, it makes sense, right? You'll always face challenges when you work online, that's a given. But what separates the winners from the losers, the successful from the unsuccessful, those who make it from those who give up just before they do is PERSISTENCE. When I did some off-road motorbiking (I come from tarmac, so it…

Many online entrepreneurs are unaware of available tax deductions and are missing out big time. While FYF does not provide tax advice, this article will give you some idea of the kind of tax deductions you can expect as a self-employed online entrepreneur. Always check your tax position with a suitably qualified local tax practitioner or accountant. This is the type of information you seldom find elsewhere but is useful to know right from the get-go. While you may not reach a taxable income immediately (unless you also earn a salary of course), your income can ramp up very quickly once you become established. Remember: it's a good idea to keep all invoices and receipts from day 1, you'll need them later. The following article was provided by an FYF community member who is also a qualified Chartered Accountant. Tax deductions for online entrepreneurs Most entrepreneurs trade as self-employed or sole traders for tax…