Entrepreneurship, Personal Development And Productivity


Many of the articles on MyWifeQuitHerJob.com are focused on entrepreneurship, personal development and self improvement. Why? Because starting any business requires an enormous amount of motivation and discipline in order to succeed.

The concepts of running most businesses are not difficult to grasp. Anyone can pick up a book and read about the mechanics of starting and running a business on their own. But why do so many people fail even though they have the necessary knowledge?

What sets apart the good entrepreneurs from the bad ones is their strength of will, perseverance, and willingness to adapt to the current situation. A common misconception is that good products make for a successful business or company. On the contrary, it’s all about the people who run the business that make the difference.

I hope that some of these articles will provide the necessary drive and inspiration for your business to succeed.

Selling On Amazon Vs Ebay Vs Etsy And Why Relying On A Single Platform Is Gambling
I’ve been getting a lot of questions lately about why you should start your own store from complete scratch when there are marketplaces out there like Amazon, Etsy and EBay that can offer you instant sales. And it’s true. If you choose to sell a popular item on Ebay for example, chances are that you...

12 Things I Learned From Starting Two 7-Figure Lifestyle Businesses
Since my wife became pregnant with our first child in 2007, I’ve created 2 different lifestyle businesses, an ecommerce store selling handkerchiefs and a blog about entrepreneurship. And these businesses were created so my wife and I could spend more time with these two. For all of you who are unfamiliar with the terminology, ...

What Successful Entrepreneurs Do Differently And Why Beginners Fail
In the past 6 years, well over 2700 students have joined my Create A Profitable Online Store course. But I want to be straight up with you. Not every one who has signed up has been successful with their ecommerce business. When it comes to the success of any online business,...

Outsourcing Pros And Cons – How To Decide When To Hire Or DIY As A Small Business Owner
After blogging about ecommerce and helping others with their online businesses for the past several years, I’ve noticed a disturbing trend among new entrepreneurs in the small business community. These days, everyone wants someone else to do the hard work for them. “Steve, I don’t know anything about websites. Can you recommend someone to...

Dealing With FOMO (Fear Of Missing Out) And How To Find Work Life Balance
I have a love hate relationship with Facebook. On one hand, Facebook allows me to keep in touch with and keep track of what my friends are up to. But on the other hand, I often leave Facebook with a healthy dose of jealousy and feelings of inadequacy. For example… One of my...

6 Simple But Effective Habits That Improve Your Productivity
Not too long ago, I was working 40 hrs/week as an electrical engineer, running an online store with my wife, writing posts for my blog, putting out a weekly podcast, teaching an ecommerce course and holding an annual conference all at the same time. In fact, it was only recently that I quit my...

Blogging Vs Affiliate Marketing Vs Ecommerce – A Comparison Of 3 Online Business Models
One of the biggest advantages of running an online business is that it’s inexpensive to start. For as little as $5 per month, you can launch a business that can potentially make you 7 figures and beyond. Now as far as online business models go, most people gravitate towards starting a blog, a niche affiliate...

Why Good Grades Often Lead To Failed Businesses
Growing up as an Asian American with strict parents, I was expected to get good grades in whatever subject I took. There were no exceptions. And even though I haven’t taken a class in decades, the thought of getting a B still sends chills up my spine. In fact, I occasionally have nightmares where I’m...

How To Get Lucky – 3 Ways To Improve Your Luck In Business And Life
Every business requires a little bit of luck in order to succeed. And often times, success depends on timing and being at the right place at the right time. But do you ever wonder how some people keep getting lucky over and over again? Is it just a coincidence that some entrepreneurs...

Starting A Business: Convincing Yourself To Take Action And The Key To Behavioral Change
I’ve been helping would be entrepreneurs for nearly eight years now and one thing I’ve discovered is that you can’t really push someone to take the entrepreneurial plunge. Either you have the desire to start your own business or you don’t and most people can’t get over the uncertainty that’s involved with being your...

5 Habits Of Successful Entrepreneurs That I’ve Witnessed Personally
As someone who writes about entrepreneurship and teaches others how to sell physical products online, I make a habit of following as many entrepreneurs as I can. It doesn’t matter if you’re famous or just starting out, I’ll at least check out your website to see what you have to say. But even though I...

A Sneak Peek Inside Our New Warehouse And The Story How We Got Here
As part of running my blog and my podcast, I often get questions from readers who want to know more about the early years of our business and how it has evolved over time. How did we get started? How much inventory did we carry early on? Did we run it from our house in the...

What Amazon Doesn’t Want You To Know About Selling Products Online
You’ve probably heard the popular saying that “if you teach a man to fish, you can feed him for a lifetime”. And if you apply that same saying to business, you get… If you rely on a single company for all of your sales, then that company owns you. Every time Amazon changes one of its...

How Long Does It Take To Make Real Profits Or Good Money With An Online Business?
I receive many questions via email every single day but my #1 most asked question is… How long do you think it will take for me to make money with my business? Here’s another common permutation of this same question… I need to be able to make money in 6 months, can it be done? And finally my favorite… Can...

How To Find What Makes You Happy And My Reflections On Life After Quitting My Job
It’s been a solid 4 months since I resigned from my day job so I wanted to take a moment to reflect on my experiences with unemployment. Here’s the thing. Most people have this rosy vision of quitting their job and being their own boss but personally, my transition has not been entirely smooth. And for...

Read This If You Are Hustling Hard But Not Seeing Results With Your Business
There’s a saying that entrepreneurs are willing to work 80 hours a week to avoid working 40. And if you’re spending 80 hours per week on your business, then power to you. But what if you’re putting in the time but not seeing the results? Here’s an email that I received from a reader...

My First Keynote, The Future Of Ecommerce, And How I Convinced My Wife To Go Out On A Second Date
People often ask me what keeps me motivated to sell handkerchiefs online. And it’s a fair question to ask because… I’m not particularly into handkerchiefs, linen napkins or linen towels. I don’t use any of my own products on a regular basis and I’m definitely not the target demographic for my store. But here’s...

Behind The Scenes Of My First Ecommerce Conference – The Sellers Summit
Most of you probably don’t know this, but I’ve always dreamed of giving a keynote speech at a conference. In fact, it’s been on my bucket list for quite some time. But here’s the thing. While I’ve been asked to give speeches at conferences before, no one has ever approached me to give a...

Overcoming Self Doubt And What It Takes To Make 6 Figures In Ecommerce
Looking back, one of the biggest challenges of starting our ecommerce store was the lack of support. For example in 2007… We had no one to talk to. We had no one to share our experiences with. We had no one to compare strategies with. And to make things worse, most people doubted that we...

Why I Finally Quit My Job And 8 Life Lessons I Learned In The Process
For the past 5 years, I’ve been asked the following question over and over again… Steve, why do you still have a day job? Why do you work when your businesses generate so much money? Well several weeks ago, I finally gave notice at my job. Soon, I will no longer be an engineering director...

A Peek Into The Glamorous Life Of A Small Business Owner
Everyone knows that starting and running a small business is glamorous. In the past few weeks alone, I’ve read at least a half a dozen stories ranging from “How I made $1027.53 in a single day!” to “How you can work 4 hours a day and be rich with a small business!”. ...

These Powerful Quotes Completely Changed My Outlook On Business And Life
A common question I get asked is how I manage to run an ecommerce store, a blog, a podcast, an online store course and a conference all while working a full time job with 2 young kids. And truth be told, it’s not because I’m superhuman or more productive than the average person. It’s not...

Your Business Failed…But Did You Really Try? Or Did You Just Give Up?
“Oh yeah, I tried being an entrepreneur a few years back but it was just too hard.” “I tried the whole blogging thing but couldn’t get it off the ground” “I tried selling online but every product I could think of had too much competition” I don’t know why, but lately I’ve become increasingly sensitive to people complaining...

Income Report: How Our Ecommerce Store Performed In 2015 And How We Continue To Grow
My wife just closed the books on 2015 for our online store and I’m happy to report another double digit growth year. Can you believe that our little store has grown in the double or triple digits for 8 consecutive years now? I can’t! After all, the products that we sell are very niche...

How To Figure Out What You Should Do For A Living If You Hate Your Job
When I was a kid, I always tried new things just for the heck of it. I never thought about it too hard. I simply went with the flow and followed my interests wherever they took me. For example… I spent one summer reading the encyclopedia all day because I was curious about all of...

Improving Your Habits And How One Simple Change Can Lead To Business Success
If you’ve been a reader of MyWifeQuitHerJob.com since the early days, you probably remember that I used to refer to myself as a lazy piece of c$%^. Now depending on the person, laziness can have different definitions. To some people, being lazy is sitting around and watching television all day. To some...

3 Examples Of Short Term Thinking That Will Ruin Your Ecommerce Business
“How long would it take me to become great under you?” he asks. “10 years,” the master swordsman replies. “I don’t have that long,” says the student. “I want to be good soon. What if I worked very hard and dedicated myself completely to the task?” “Ok, 30 years,” he says back. “But that’s even longer,” the student says...

How I Achieve Work Life Balance Despite Working Full Time, Running 3 Businesses And Caring For 2 Kids
I recently came across a statistic from Fast Company magazine that really surprised me. According to the American Sociological review, over 70% of employees in the United States struggle with finding a balance of work and play. 70%!?!! Does this number sound a bit high to you? When I look at my life,...

Student Story: How Lauren Makes 6 Figures Selling On Amazon And Her 2 Prong Approach To Ecommerce
This post was written by Lauren, a student in my Create A Profitable Online Store Course. One of the basic tenets of my course is to validate your niche or product idea on an established marketplace like Amazon before investing in a full blown shop. And as part of the class, I offer...

Here’s What Adding Payment Plans Did To My Info Product Sales – The Good, The Bad And The Ugly
When I first launched my Create A Profitable Online Store Course in 2011, the price was only $299. But as I continued to add content to the class and as the value of the course continued to rise, I began raising prices as well. Today, the cost of my class is more than triple the...

How To Start A Business With No Money And No Ideas. Here’s Exactly What I’d Do
Whenever I have a conversation about entrepreneurship, I often find that most people have a strong desire to start a business at some point in their life. But here’s the thing. While the desire is there, it’s often the lack of confidence and the uncertainty of the outcome that prevents most people from...

Pai Gow Poker And A Simple Formula For Financial Success
If you ever go with me to the casino, you’ll often find me playing cards at the Pai Gow poker table. Now Pai Gow is definitely NOT the sexiest game at the casino, nor is it one that draws a huge crowd. But those who appreciate Pai Gow love the game for its...

How Much I Made Blogging And The Actions I Took To Double Revenues This Past Year
My wife just closed the books on MyWifeQuitHerJob.com’s earnings, and I’m thrilled to say that 2014 was a blowout year for my blog! Whereas in early September I was forecasting revenues in the range of $300K, a late year surge including a single magical day where I made over $35,000 in 24 hrs allowed...

How To Get Fit, Start A Business And Follow Through On Your New Years Resolutions
The beginning of the year is when most people make grand promises of change and set goals for what they hope to achieve. I promise to workout 5 days a week and get fit This is the year where I will finally start my business I’m going to lose 20 pounds But we all know what ends up happening....

Why Artists Fail In Business And How To Go From Artist To Entrepreneur
This post was written by Arree Chung, one of the students in my Create A Profitable Online Store Course. What’s cool about Arree is that he’s a professional artist who writes and illustrates his own children’s books. Plus he’s Asian too. (I have absolutely no idea how he convinced his parents to go...

How To Start A Podcast In Under 2 Hours – The Best FREE Podcast Tutorial Available
When I first decided to start my own podcast, the benefits were already clear in my head. I already knew that having a podcast would expose me to an entirely new audience I already knew what I wanted to say and how I was going to run it I already knew that that I wanted to get...

What Everyone Should Know About Starting A Business Vs Working A Day Job
If you read a lot of business and entrepreneurship blogs like I do, you’ve probably noticed that almost every article out there glorifies quitting your day job. Quit that soul sucking job of yours and call your own shots! Why work for someone else when you can be your own boss? Fire your boss and live happily ever...

Income Report: How My Blog Performed As A Business In The First Half Of 2014
Back in 2009 if you asked me whether I thought my blog could ever make more money than my day job, I would have said “Hell No!”. In fact, my Mom is still amazed that MyWifeQuitHerJob.com is able to make any money at all. Just the other day, I had a Skype chat...

How To Launch The Number One Ranked Podcast In iTunes Without A Huge Following
There I stood, hovering behind my computer monitor and nervous as hell as I prepared to hit the “publish” button on my brand new podcast. Here’s the thing. I had already told all my friends that I was starting a podcast. I had already told the readers of my blog that I...

Student Shop – How Tracey Created A Profitable Online Store Selling Fair Trade Jewelry
This post was written by Tracey, one of the students in my Create A Profitable Online Store Course. Tracey is my only student in Ecuador and she’s done a fantastic job of selling products that are indigenous to her country. Because what she sells can only be found in Ecuador, this means that it’s extremely...

How 12 Seconds On The NBC Today Show Blew Up Sales And How We Prepared For The Traffic
12 seconds….That’s all it took… 12 minuscule seconds of being on television and the traffic and order volume for our online store completely blew up! This past week, our online store Bumblebee Linens was featured on NBC’s Today Show and it was quite possibly the most exhilarating 12 seconds that I’ve ever experienced as long as...

What A Six Pack Taught Me About Starting A Successful Online Business
6 pack abs. It’s something that most guys want but will rarely achieve in their lifetime. For me, I’ve wanted a 6 pack since I was in high school but was never able to quite get over the hump. Even when I was playing junior olympic volleyball and in the best shape of my...

An Online Business Or A Day Job: Which Income Source Is More Stable?
Today, I wanted to talk about an interesting conversation that I had the other day with my good friend Rebecca (not her real name) about income stability. This past year, she was laid off from her job at a private consulting firm. And it happened so suddenly that she didn’t really see...

The Real Reason Why Your Online Business Is Not Making Progress
I’ve been running my online store course for several years now and it still amazes me how much I’m learning about human psychology while teaching the class. Because the students who sign up for my course are an eclectic bunch, I’ve found that I often have to adjust my teaching approach depending on the...

My Thoughts On Making Money And Planting Money Seeds
A little while ago, I published a post on how to start a blog and why blogging can be better than ecommerce. Now normally, I tend to focus most of my subject matter on ecommerce because ecommerce is where I’ve had my biggest success thus far. But recently in the past few...

4 Skills Every Well Rounded Internet Entrepreneur Should Have
One of the questions my readers often ask me is which theme I use for my online store. And the answer I always give is that I don’t use any theme at all. I designed the entire look and feel of my online store from complete scratch by myself. And even...

How Do You Know When It Is Time To Give Up Or Quit Your Business?
I am a big advocate of persistence. That rare quality in certain people that drives them forwards against all the odds is something that I am fascinated by, and aspire to. Photo By Nikhil Kirsh Having said that, blind persistence is rarely a good thing. Einstein defined insanity as “doing the same thing over and over again...

Why Starting A Business Can Be A Lonely Path And What You Can Do About It
A few weeks back, I wrote an article entitled An Introspective Look At How Fear Has Guided My Life. And in the process of writing that post and reading all of the comments, I started thinking about my entrepreneurial journey and all of the challenges that I’ve faced over the years. ...

An Introspective Look At How Fear Has Guided My Life
I have a confession to make. I’ve lived in fear for most of my life. When I was in high school, I was terrified that I would not get into a top university. Photo By ValetheKid When I got into college, I was terrified that I wouldn’t get a job when I graduated. After...

Why You Don’t Have To Love What You Sell When Starting An Online Store
I often get asked by my friends whether I truly enjoy running my online store and whether selling wedding linens really floats my boat. In fact, most of my friends still find it hard to believe that I’m in the linens business in the first place. Most of my friends don’t understand how...

Why Etsy Stores Are At A Disadvantage Compared To Online Stores That Own Their Domain
As part of my weekly regimen, I like to read and participate in various small business forums and one of my favorites is the Etsy forum. For all of you who have never heard of Etsy, Etsy is a marketplace for do it yourself and handmade goods. Similar to Ebay, Etsy provides...

10 Ways To Mitigate Risk When Starting An Online Store Or Business
When most people think about entrepreneurship or starting their own business, the first thing that comes to mind is the risk that is associated with being your own boss. Perhaps that is why entrepreneurship is such an exhilarating and sexy term. It takes guts to go out on your own. Photo By Better Than...

Why Most Online Businesses Fail And Why You Should Start One Anyways
Starting and running a successful small business does not require intellect so much as it requires common sense and perseverance. Don’t get me wrong, starting a business is hard but the reason most people fail is not because they aren’t smart enough but because they don’t follow through or they get distracted and...

How Much The Average American Can Save On Taxes By Having A Business
Many would be entrepreneurs hesitate to start their own business because they think it is too risky from a monetary perspective. In fact, most people don’t think starting a business is even worth trying unless they can come up with a grand slam profitable idea. Of course profitability is an extremely...

Prevent Your Online Store From Becoming a Money Pit By Learning Some Basic Skills
“I have no idea how to create and manage my own website and I have absolutely no interest in learning either. I’m just going to hire someone or pay for a service.” Believe it or not, most people that I encounter who want to create their own online store or business have this attitude. ...

How To Make Time Equal Money 24 Hours A Day
I never understood how the phrase “Time is money” could ever apply to my life. After all, no one was paying me 24 hours a day so how could my free time possibly translate to money? How could wasting time watching television or playing video games cost me anything when no one was...

Should You Leave Your Cushy Job And How Long Should You Stay?
You may have experienced this pattern before. You start a brand new job and work extremely hard in the beginning to establish yourself and your reputation. Photo by Just Taken Pics At first, the nature of the work is extremely challenging. You are constantly learning and trying to keep up with your coworkers. ...

Powerful Quotes And Why They Resonate With Me
Starting and running any small business requires inspiration and constant dedication. But maintaining a high level of intensity can be extremely difficult at times especially when things don’t go as planned. Whenever I’m down about my business, I always take a step back and look for outside sources of inspiration. Sometimes just talking to...

Mental Tips On How To Start A Business For Lazy People
Most people are lazy. When it comes to doing something relaxing and leisurely versus something you consider work, your inclination is to always choose the path of least resistance. That is why it is so difficult to make progress on any project even though deep down you truly want to do it. Take it...

How We Stopped Short Of Becoming Lazy Pieces Of Crap
I admit it. I’m a lazy person at heart. If I’m watching television and I can’t find the remote, I’ll watch whatever channel happens to be on. If I have a craving for a certain food but have to cook it myself, I’ll just eat leftovers instead. If I’m lying in...

Should I Go To College Or Start A Business?
Much to my surprise, a good number of my readers are either in high school or college and I regularly receive questions about our online store from students currently in school. This one particular student became inspired after reading about our story and now wants to start a business venture of his...

Dealing With People Who Doubt Your Business Ideas
“I don’t think that your business is going to work” “Your chances of success are very slim” “I had an Uncle that tried to do that and failed” Anytime you start your own business or take any risks for that matter, you’ll inevitably meet people who will doubt you. These people often mean well, but their negative...

The Hidden Benefits Of Owning Your Own Business
Most people start their own business hoping to find the answers to a few key questions. How can I be my own boss and make money doing things that I enjoy? How can I be in control of my own destiny? How can I become wealthy and rich? Don’t get me...

Why Your Job Conditions You To Take Things For Granted
Last Friday, an engineer in the office complex where I work brutally gunned down the CEO, VP of Operations, and the Head of Human Resources of his company before fleeing the premises. This engineer, named Jing Wu, had recently gotten laid off from his job and decided to take revenge on the executives who...

The Secret To A Healthy Relationship With Money
Do you believe that money is the ultimate panacea? Have you ever thought to yourself, “If I just had more money, my life would be so much easier and less worrisome?” Most people tend to think this way until they amass some wealth and the opposite happens. Their life gets harder...

5 Reasons Why You Should Quit Your Job
For some reason, it was especially difficult for me to get up out of bed this morning to get ready for work. As I was getting dressed, I stood there looking at my wife who was sleeping blissfully on the bed and I couldn’t help but feel a little jealous....

Why You Should Never Start an Ebay Store
If you want to build a profitable ecommerce business that stands the test of time, you need to register your own domain and start your own web site. Most people who aren’t tech savvy often question their own abilities and end up relying on 3rd party marketplaces like Ebay to implement their website store for them. Here’s...

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