For today’s YouTube post, I found an interesting video review by Yaro Starak (from Entrepreneurs-Journey.com) of a compelling book entitled 50 Great E-Businesses & the Minds Behind Them.

The book provides short stories about 50 online businesses and how each owner took his or her business idea and transformed it into a multi-million dollar cash cow.

One particularly astounding story that Yaro recounts is the birth, growth, and sale of flickr.com for $30 million, which–from idea to sale–took just 12 months.  Who would have ever thought that a photo-sharing website would become a $30 million online business in one year?

The significance of the stories that Yaro references is that the ideas that spawned these e-businesses and created famous entrepreneurs weren’t all that complex.  In fact, they were very simple.  Often, the means of achieving success as an entrepreneur is simplifying one’s thinking.  We tend to complicate things a bit too much nowadays, and we don’t realize that a multi-million dollar payday might just be around the corner. 

 

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