Do I need to pay taxes when starting an online business?
Ever heard the phrase “Don’t put the cart before the horse”? It kind of applies with this one…
So many people who’ve yet to make a sale online yet, find themselves paralysed from starting because they’re not sure what they’ll do about tax when they’re getting success online.
9 times out of 10, they think they’re asking a question about tax. What they’re really asking though (mostly without even realising), is how to take action in the face of uncertainty.
A major shift that every entrepreneur has to go through, is learning how to embrace uncertainty, and become comfortable in the unknown.
It’s Employee Mindset vs Entrepreneurial Mindset.
As employees we’ve been conditioned into believing that:
Safety, security and certainty is good
A reliable monthly salary that we can depend on each month is good
Failing or making mistakes is bad
Not knowing exactly how you’re going to do something before you’ve even started is bad
Risk is bad
Spending money is risky. Therefore spending money is bad
And so on and so forth…
The problem is that every one of the points above, is the exact opposite of what’s required in order to be a successful entrepreneur.
Entrepreneurs LIVE in uncertainty, in the unknown. They embrace it. They’ve learnt to feel comfortable in it.
As employees, we think the certainty, the salary, the aversion to risk, the aversion to failure, the scarcity mindset with money… we think they’re there to keep us safe.
But really all they do is keep us trapped, and stuck firmly in place.
It’s time to embrace the unknown.
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Dan started his online business with zero experience in September 2016, and successfully transitioned from the corporate world into travelling the world while running his business from his laptop in the latter half of 2017.
He earned over $250,000 in year one, $500,000 in year two (Earnings video on this channel) but way more importantly he became a far happier and more fulfilled person in the process.
He now spends his time guiding and helping others so that they can build a business they love as well.
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Dan is an E-commerce business owner and professional affiliate marketer. This means he gets paid to recommend products and services that he knows, trusts and uses himself.
Individual results will vary. No results are guaranteed with the help of Dan's advice, guidance, resources, training or any products and services he recommends or provides himself. All the products and services he provides are for educational and information purposes only.
It's no different from the gym. Not everyone who joins the gym is guaranteed six pack abs, it takes commitment, dedication and determination to succeed in any field. There are those who will not earn any money at all with Dan's advice, guidance, resources, training or any products and services he recommends or provides, because individual results will depend on your determination, hard work, ability to follow directions and many more factors.
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