Friday, May 18, 2007

How To Win With Your Home Based Business

Ok, you’ve thought it over, and you know you want a better life for yourself. You’ve decided to build a home based business so you can live life the way you want. Maybe you even know what kind of business you want to build. So far, so good. What’s next?

The path to success isn’t easy, but it is simple. It only gets confusing when we try to make it complicated. First, you need to understand that you’re not running a sprint. You’re doing a marathon so that your income will stay solid and support you over the rest of your life. With that said, here is how you win your marathon prize. Just remember to W I N!

W stands for being willing to work now so you can play more later. Our universe and culture reward effort. Your home based business will grow as you willingly put in the time and effort it takes to grow. Gardeners don’t just buy a packet of seeds, put it on the hall table, and wait eagerly for plants to grow. Why? Because they know that the plants won’t grow until they make the effort to put the seeds in the ground and water the plants as they grow. Your home based business works the same way. If you think you can enroll in some program or open the doors of a new shop and just sit back and wait for profits to roll in, you’re not really ready to be your own boss and be financially free. That’s essentially playing the lottery to get rich. A person who is serious about being wealthy and successful knows that some initial work is necessary for a home business.

I stands for invest. You will need to invest your time, energy, and some money into your business to get it going. Time, energy, and money are all assets, and each person has different amounts of each asset. Those with more time will invest it more than money and vice versa. Everybody ends up investing at least a little money in their home business, even if it’s just to pay for the phone line and internet connection. Invest money in the tools you need to build your business, not in the things that you want because they’re cool. There will be money available for that once you’re up and running well. Be honest with yourself about your current assets and how much of each you’ll need to make your business work.

N is for networking with friends, co-workers, and people you meet through your business. Even “self-made millionaires” work with other people they know or want to know. If you’re starting a home business, you’ll get a lot of help, encouragement, and ideas from making time to talk with people who are walking the same path. There may be business owners’ meetings where you live. You can also use online forums, talk to your team members if you’re doing network marketing, or get to know other internet businesspeople from their blogs. Every business owner has challenges to overcome and will have discouraging days now and then. A supportive network of friends and colleagues will make those times much easier for you. Sometimes you may just need to know that you’re on the right track. Most home business owners overlook this step, and it weakens them over the long haul.

One more thing before I go, while you W I N your way to success, please pass these ideas along to the people you meet and care about. The path to business success is simple though not always easy. Be willing to work, invest your assets when they’re needed, and network with the people around you as you go. Come on! They’re waving the flag. It’s time to start running!

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