After I sold my company, CEU.com, in December 2009, I thought I'd take some time to think. Think about life, family, friends, goals and, of course, my next business venture. I thought it'd take a while, but lo and behold, in a matter of months, I have not one but three ideas for my next Internet business. I'll only consider Internet businesses because its what I know, it doesn't require oodles of cash to get started, it comes with a free distribution and communication system, no inventory . . .You may think that its all been done. But after taking some time to think, nothing could be further form the truth. Why? Because the Internet is constantly changing. New tools become ubiquitous (e.g. smart phones). New capacities are added (e.g.wireless broadband). People are using the web for new things. There are always new combinations waiting to be discovered. My biggest issue is editing my choices. I'll continue to offer advanced poker courses through PokerSlamU.com. That goes without saying. But I've been approached by experts in several fields and some investors, now it becomes an issue of matching and making decisions on where to focus my time and money.
But I can see why the entrepreneurial road isn't for everybody. There is no job security. You need to go with your ideas and live or die by your own hand. I have certainly found myself in many panicky situations. But when I come face-to-face with trouble or a hurdle, I've learned that they always seem insurmountable at first. Over time you find a series of solution options. You pick one. If that doesn't work, you pick another. One of the best pieces of advice I've ever gotten about this was from Bob Stupak, the founder of the Stratosphere Hotel in Las Vegas. "The most important thing for an entrepreneur is perseverence. Almost any company can be a success if you keep making appropriate changes and don't ever give up."
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