Michael Newman’s latest é-Wealth Daily’ article is titled “What Do Spiderman and Too Many Entrepreneurs Have in Common?”. [‘e-Wealth Daily’Article]

Michael Newman’s latest ‘e-Wealth Daily’ article:

What Do Spiderman and Too Many Entrepreneurs Have in Common?

As you may have heard, there is a big budget Broadway musical on its way. And so far it doesn’t seem to be quite what its producers had thought it was cracked up to be.

The theatrical rendition of the comic book and movie blockbuster, Spiderman, is the most expensive Broadway play ever produced. Since its inception, it has battled numerous problems concerning its budget and the death of an actor, while being slammed by those within the theatrical circle. But no matter what, the play has kept pressing forward in spite of these difficulties.

Even though the official premier has been delayed yet again, the production has been doing previews for the past few weeks. On Monday, members of the press were allowed in and, on Tuesday, the reviews were not pretty. “The New York Times” wrote a scathing review that is definitely horrible news for the production.

What does this have to do with you? Well, if you’re working on a new business, it’s quite applicable. As an entrepreneur — especially a budding one — it’s very important to listen to criticism from your peers. In most cases, putting your blinders up and going full tilt ahead regardless of what people say can be a big mistake. It’s important to keep reality in check the deeper you get into your project.

There have been a number of horror stories regarding entrepreneurs who keep investing their money — and take out loans — to fund ideas that will never translate into successful businesses. If you don’t believe it, consider flipping on TV’s “Shark Tank” when the new season begins. The thing is, most of these people are told by colleagues and others in the know that their business won’t fly. By ignoring them and keeping on
the same path, they often end up bankrupt.

If people you respect are repeatedly telling you that you should reconsider or re-jig your idea, you should definitely look into it and see what you can do. It’s best to swallow your pride in these situations and take a look at what you’re doing and whether you really have a business buried inside your idea. Remember, a good idea doesn’t always translate to a successful business!

e-Wealth Daily

About e-Wealth Daily

The e-Wealth Daily Bulletin brings you daily tips, advice and breaking news related to home businesses, small businesses and internet marketing. Our team of experts gives you the information you need to take your business pursuits to the most profitable level. Founded by Adrian Newman in 2003, the e-Wealth Daily Bulletin and www.ewealthdaily.com are a division of Lombardi Publishing with online newsletters reaching over 100,000 subscribers each month.

* IMNewsWatch would like to thank e-Wealth Daily for granting permission to reprint this article.

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