A little business reality for you to think about and remember
As online entrepreneurs we live in a time with the greatest money making potential ever. Projects grow faster than ever to sizes previously unattainable. Here is an example
In 2007 Twitter had 5000 Tweets a day
In 2008 Twitter had 300,000 Tweets a day
In 2009 Twitter had 2,500,000 Tweets a day
In 2010 Twitter is now doing 50,000,000 Tweets a day
Another example. There was a time where ClassMates.com owned the social media market. They were the kings of re-uniting you with your past. Then MySpace came along and blew them out of the water. Then Facebook came along and blew MySpace out of the water.
As an internet entrepreneur you have the potential to create the next big thing in business. On the flip side no matter how big you are today you could be out of business in an instant. Your market share, your revenues gone without you even screwing up.
It's something to think about. You can't sit back and be comfy with what you have. Someone is always gunning for you and looking to take you out (either directly or indirectly).
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