Starting A Home Business: Part 1 - The Transition From Employee to Business Owner
Starting A Home Business: Part 1 - The Transition From Employee to Business Owner
In my 7 years in Network Marketing I have come across 100's of people who fail purely because they do not successfully transition from employee to business owner - they are running their new business with an employee mindset. They believe they are just working from home now as opposed to working in an office somewhere - big mistake. You no longer work for someone else, nobody is going to pay you at the end of the month, You are taking on the role of creating a secure future for you and your family. You have to accept that responsibility - you can accept all the accolades when your business is successful and you are living your dream lifestyle but ONLY you are to blame when things go wrong and your family and friends are pointing the finger at you and saying "I told you so!!" I would urge you to read & study Robert Kiyosaki's book, 'Rich Dad, Poor Dad 2 - The Cashflow Quadrant' if you've not already done so.
Here are a couple of areas that you need to get right:
1. Your Attitude - Attitude is Everything!! I always tell people not to compare themselves to their (more successful) peers but they still do. "They were just lucky," they say, "They were in the right place at the right time." "They know more people than I do." "Everyone I speak to has no money to invest." STOP STOP STOP!!
Your peers are working with the same company as you, they are selling the same products as you, they have access to the same tools as you, they operate in the same market as you, their environment is the same as yours......"so why are they successful and I'm not?" What is the problem? Go and take a look in the mirror. However tough it may be to accept, you are looking at the problem - it's you.
The only variable in the whole equation is you. Circumstances are not going to change, the market is not going to change, the company & its products are not going to change, your environment is not going to change BUT YOU CAN! You have to take 100% responsibility for your life and where you are now, you have the power to change whatever you need to change but only you can make that change - it depends how much you want to change. Jim Rohn said "For things to change, you have to change, for things to get better, you have to get better, because if you don't change how you are you will always have what you've got."
Jim Rohn also said, and here is the most important advice you will ever receive, "You need to work harder on yourself than you do on your business." There's no better place to start working on yourself than with material from the late, great Jim Rohn (see www.jimrohn.com). I would also recommend 'Attitude is Everything', a book by Jeff Keller which is simple but powerful. It's also the best book I have ever read on Attitude.
2. Your Work Ethic - Be Prepared to work hard. Sounds pretty obvious doesn't it but too many people think that working at home is easy and that running your own business immediately means you can work 3-4 hours a day and earn 10 times what you were earning in your 9-5 job. WRONG WRONG WRONG.
To create some early momentum in your business and to lay a solid foundation, you will need to work as many hours as you can - more than you were used to working in your job. The rewards of building a successful home business come further down the line, you have to be prepared to make some huge sacrifices early on if you are going to get to the point where you work 3-4 hours a day and have the sort of lifestyle that most people only ever dream about. With our new business Karen & I are committed to working as much as we need to, around our 2 small children, but we know that within 2 years we will be able to work 10 hour weeks and have the money to start living our dreams. The sacrifices now are well worth the future rewards.
It's also important to give your business some 'Job Status'. Here's an example of what I mean. In your job, if your boss told you that you needed to be in early for an 8am meeting - you would be there whatever. Don't let yourself off the hook just because you work from home - if you plan to start work at 8am, then that's when you start - not 9.30 because you were a bit tired and fancied a lie-in!! Again you need to take responsibility.
Look out for my next article in this series in which I will be covering the following topic:
ACTION + DISCIPLINE + CONSISTENCY + ATTITUDE = RESULTS
Again these are areas which many new business owners fail to understand fully and therefore fail to implement properly in their DMO (Daily Method of Operation). I will be giving my thoughts on these areas very soon.
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