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Wednesday, April 9, 2008

How To Get Rich in a Home Based Business


I read recently that by looking at company's checkbook and at their daily schedule you can determine whether the company will be successful. Why? Because when you know where a company is spending its earnings and the kinds of daily activities (nature of meetings, etc) that consumes its time, you can determine a company's priorities. And priorities are the best predictable measures of success. I think the same can be said for an individual, and for the purpose of this article what we are really looking at is one and the same, because a home business entrepreneur essentially is an individual, a sole proprietor.

So my question to you is this? What does your check book register look like? Are you investing in your business by budgeting some of your income to advertising, to learning about your business, and to getting other people involved in your business? Or does most of your money go toward other personal interests? Most importantly, is working your home based business a part of your daily schedule or is it a hit and miss proposition, where you spend a few hours one day, then don't do anything for several days, then catch up on your business emails and spend a little more time on your business, then return to other personal interests before spending more quality time on your business. Since you started your home based business have your priorities significantly changed or are you still doing everything you used to do and trying to find time somewhere to devote to you business?

It cannot be overstated. Your priorities will determine your success. It's like the old axiom, "if we keep doing what we've always been doing we'll keep getting what we've always gotten."

About three years ago my doctor informed that I was pre-diabetic. He explained to me that this is a hereditary condition and that I would most likely have to start taking insulin in a year or two to maintain an acceptable glucose level. But there was one caveat. He said if you exercise regularly, eat three meals a day but eat less than you do now, stay away from starchy food, eat only green vegetables, quit drinking soda, start eating more fruit, and quit snacking before you go to bed the effect of your diabetic condition can be prolonged almost indefinitely. He also said I needed to lose at least 30 pounds. I purchased a glucose monitor and began checking my blood sugar regularly.

After six months, and 30 pounds lighter I returned to my doctor for a checkup. He said I had made remarkable progress, but as a precaution he kept me on some diabetic medication. After six more months I once again returned to my doctor for another checkup. To my surprise, he called all the nurses into a room with and said, "here's the guy I was telling you about. He's the only diabetic patient I've ever had who did what I told him to do." Two days later he called and said, "your labs look so good I'm taking you off the medication. I'm convinced you have made a permanent change in your lifestyle. I'll see you in a year."

It is incomprehensible to me that most people who are diagnosed with a treatable medical condition are not able or willing to change their priorities. I did. I started exercising regularly. I have not eaten potatoes in three years (well I have fudged on this a little, but not more than two or three); I quit eating popcorn and ice cream or other sweets. I haven't had a sip of any kind of soft drink in over three years. I changed my priorities. The result is that I feel much better, I have more endurance, and I have even saved money by not getting my regular milk shake fix that used to be part of my daily routine.

I learned an important principle through this experience and it has everything to do with operating a home based business. The principle is this. Let's call it the inflexible priorities principle. Most people are unwilling to change their priorities, even when they know that doing so will improve their life. That's why by some counts 97% of home based business owners quit after less than six months. That's unfortunate because it takes about that much time for most of us to start to realize our earnings potential. And regardless of the rationale they come up with, the reason these people quit is due to their application of the inflexible priorities principle. Like all the other diabetic patients my doctor treats, though they may have good intentions they can never discipline themselves to a permanent change in their priorities.

As Stephen Covey stated in his popular book Seven Habits of Highly Effective People, "the key is not to prioritize what's on your schedule. The key is to schedule your priorities." H.L. Hunt put it this way. "Decide what you want, decide what you are willing to exchange for it. Establish your priorities and go to work."

For a pre-diabetic patient, there's no such thing as an immediate cure. It takes time, it takes discipline, and it takes a determination to change one's priorities in life, and to make this change a part of one's daily routine. It's the same way for a home business entrepreneur. There's no get-rich-quick formula in existence. It takes time, determination, and most importantly, a willingness to change ones priorities permanently. As pre-diabetic I have learned to be creative in coming up with different kinds of food combinations for my meals. I've had to refrain from drinking soda on those hot summer days. Instead I drink a lot of water now. As a home based business entrepreneur I've had to discipline myself to spending some time on my business almost every day. But I look forward to activating my creative energies in ways that will help my business achieve success. I've once again reprioritized some things in my life. And once again, I'm finding it fulfilling and I'm finding that is leading me to an improved lifestyle.

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Home Based Business Experience


How did my home based business get started? It all began with two simple steps! I made the decision and I took action. As a successful internet marketer and home business owner that is all it took to begin building a profitable online business from my home.

I am sure that I'm not alone when I say that I have tried many different job opportunities but never becoming truly successful with any of them! For several years I had run a small business from my home supporting it by working part time to provide a another income source, I had to make money while I built my business.

Then one day my wife who is a work at home mom said, "a lot of people are making residual income by using affiliate programs and internet marketing plus becoming very successful all while working at home! That night I made a decision to learn the business and find the best way to make money. Being new to the internet side of business I wasn't long seeing the opportunity suddenly opening up before us, all because of the first action I took.

To be successful we set deadlines to have certain tasks accomplished by. It's good to set deadlines and lay out business plans. After all, this is a business.

We searched for companies that were positioned for growth and had a proven record of integrity. We knew that we needed all the free marketing tools that were available to limit overhead costs. Slowly a trend began to develop in our online business searches, certain companies were consistently turning up in keyword searches and phrases. Our attention began to shift to narrowing these down with criteria that was important to our family! Then before our 30 day deadline was up we had found and chosen an online system to market! That system of course is the Wealth Online Website (WOW). It contained the Free website we needed to promote our home business, many gateway sites to promote our business opportunity, and the products we needed to retail to help generate a quick profit. Oh ya, it was all Free to join!

WOW haven't we done well so far! So we had our business set up with legitimate affiliates programs ready to market and the site to promote them. A step closer to me becoming a full time stay at home dad, and not a moment to soon. At this point sleep was getting scarce, I had this burning desire for success and new the road was laid out for me, all I had to do was follow!

I quit my job, devoted seventeen hours per day to learning and promoting my new business venture and here I am today. I can't wait to get up each day and get to work, in my home office,where I am truly the boss. A combination of smart work, desire for change, and a clear business plan has propelled me into the world of successfully marketing a home based business.

It doesn't come easy but when it does come you will be rewarded tenfold. One of the biggest challenges I find is staying focused when the kids are calling "dad" or there is someone knocking at the door. Stay focused and your business will grow! Know your markets,know your products, and be proud of what you to have to offer. My personal advice to others is devote as much time as you can to get off to a fast start. The longer a business runs without results the more likely you are to get discouraged and ultimately fail. Successful businesses are not born over night, they take time to grow. We all know that everything in life needs food of some form to grow,right! Well your business is no different, it needs a continual feed of essential up to the minute best business practices to grow also.

Whatever you do NEVER quit trying. Opportunity is always just around the corner. In fact, most of us run into it everyday, without even realizing it. You must change your outlook on life,develop a positive mental attitude! Become an eternal optimist, no more negative thinking allowed. If someone else can be successful then you can to. Some tremendous advantages of work at home internet business is the extremely low overhead cost,you can be a in a profit situation very quickly! Your customer base is only limited by your marketing strategy so get at it.

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