The approach of 2007 can no be counted in hours. Time is rapidly running out to finalize your taxes and complete goals you set for yourself at the beginning of the year.

Just before Christmas last year I dropped a bunch of money on a premium domain name, developed it, and built a pretty sizable forum around it. In terms of members, and content goals this project was a success. In terms of numbers, its at break even.

However, 2006 brought suprise opportunities that more than made up for this. If there was one big lesson I’ve learned its that sometimes small things can bring in very big numbers. The scalability the internet allows can create windfall profits from virtually nothing.

Again this year, just before Christmas I made another big move. I am bringing on board my first full time programmer. Imagine that, had I remained in college I would be graduating in one semester. Instead of sending out my own resume in 5 months, today I am looking other people’s resumes.

This is the one message I try to get across to all of my readers — take your business seriously. If you want to succeed you need to be willing, and able, to live on virtually nothing. When you are 18 or 19, or even into your 20s, doing this is easy. When you have a family to support and mortgage bills to pay the rat race sucks you in fast. This is the reason why many Americans want to own their own business, and most that do fail.

If you are not happy with 2006, ask yourself why. Then, instead of feeling sorry about it, figure out what you need to do to be successful in 2007 — and start doing it today!

With an exploading multi-billion dollar internet advertising industry on top of a multi-trillion dollar global economy, scarcity and competition is not your biggest challenge. Your biggest challenge is yourself. The things you do tommorow and perhaps even a year from now may not give you a six figure income or make you a millionaire. It doesn’t matter. What matters is that by immersing yourself in the internet business world right now you will build skills, connections, and assets that will one day pay off exponentially.