Most entrepreneurs who've at least some experience must have heard about it already. Others might have heard the same in school during their economics, math or history classes. Another group act upon this principle and have increased their profits by a staggering 500 percent.

The principle I'm talking about is the Pareto Principle, or 80/20 rule.

The invisible force surrounded him, squeezing tightly around his chest. His eyes became wide and bewildered.

Suddenly his mind raced with dark thoughts, his stomach churned, and he became engulfed with a sense of hopelessness.

This man had just come face to face with FEAR. Now he had a life altering choice to make, one that we all must face: Fight it off, or let it destroy his dreams.

"There is no success without hardship." Sophocles

For those of you that are starting (or thinking about) a home-based-business, there are some basic truths that you're not going to hear from the people that are trying to recruit you for THEIR program.

First, you will have to make some sacrifices. You will have to devote time, energy, and even money to get any business off the ground.

So, what's the big deal? What's everyone talking about these days on how to make money of the Internet? If you are a webmaster or a web site developer, the answers to these two questions may get you heading in the right general direction, but there is much more to it than this. It's one thing to know the "what," though product selection is important, yet an entirely different issue to look honestly at yourself for the "who.

Look at the people around you. What do you see? Stress? Unhappiness? Boredom?

Most people will never escape what we call the 'rat race' to achieve any semblance of freedom in their lives for some sadly simple reasons. Listen up or you'll likely be one of them.

A basic fact of this game we call life is that you can't win simply by playing defense.

Unless you are a leader in your work, you cannot succeed greatly because great people know how to lead others. If your work is making, handling or creating things, or if it is using words, or if it is managing and directing people, you do not succeed unless you lead in your particular line of work.

There are thousands - yes, millions - of people who work well and faithfully from youth to old age.

Companies are always interested in improving their products or services and one of the best ways of doing this is to interrogate either those who use their product or service, or those who potentially might do so. One way of achieving this is by producing and administering a survey. There are two main methods of conducting a survey: one way is for a researcher to personally interview members of their product or service's target market with a set of questions, the other is to allow members of the target market to answer a questionnaire without an interviewer.

Before quitting the full time job and hanging a shingle outside your door, you need to make sure you know all about running the business and not just how to perform the function of the business that you plan to open. There is more to owning a carpet cleaning business than being the best carpet cleaner in the county. It is called a business because there are functions that need to be done beyond cleaning carpets.

You are in the business of selling, regardless of what your product or service is. Perhaps you sell widgets and ship them to customers; offer ebooks for automatic online download or provide consulting services.

Whatever your business, as an internet marketer, you come face to face with potential fraud on a daily basis. One of the mainstays of online business is credit cards - in effect, they are the lifeline of our online business ventures.

People who would like to succeed in their business should go to college for entrepreneurship. The entrepreneurship education can provide the students with the right knowledge and skills to succeed in the various business settings. In fact, according to experts, people who have gone to college for entrepreneurship have 10 times higher success rates in setting up and running their own business as compared to those who do not have any formal business education.