Why Home Based Businesses Succeed

Hopefully, you’ve read my other article “Why Home Based Businesses Fail?” before you read this one. If not, that’s ok. As you know a lot of people are looking for that top online business opportunity. They are looking for that home based business that they can run from home and have more time do the things they want to do. A lot of these businesses change and you know why if you read my other article. I am going to share with you why some home based businesses succeed. Here we go:

The marketing system. The people that comprehend this are very successful because they know how to get their product or service to those that are looking for it. They comprehend the intent of putting themselves right in front of the those people. How good does it feel to go to the mall and find what you are looking for at the very first store! These people comprehend how to market.

Their passion. Have you ever heard of the expression: “Chase your passion, not your pension”? I’m sure you know someone that is very passionate about something. Look at how they carry themselves. They’re always happy and positive. Look at the “mom and pop” restaurants. These people have the passion for their food and the patrons see that. I always believe that if you are passionate about what you do, the money comes chasing you down.

Education. I believe that you also have to be educated about the product or service you are providing. Many get into a home based business and instantly see dollar signs without knowing about the product or service they are about to sell. You have to educate yourself and decide if people will even want your product or service. A lot of work from home businesses are trying to sell the next ideal pill or juice. There’s too much competition and no ones really interested in that anymore.

Personal development.  This means that you acquire the skills to become a superior mortal and that leader that others are looking for.  

My ideal advice is to do some research where the competition is less than the potential. Once you find that you nearly certain to have success!

Then research the marketing system.  This will tell you “how” your products or services will be seen by potential customers.

Find out how much help you will have.  Make sure you will have the support you need to be successful.

Until next time,

 

Greg Schmidt

Why Home Based Businesses Succeed

More Business Succeed Articles

How to Develop a Successful Online Business Without Spending a Penny

How to Develop a Successful Online Business Without Spending a Penny

I frequently here people state that they would like to try making money online but they don’t have enough money to get started. That might have been a good excuse in the past, but now there are alternatives that grant you to set up a profitable online totally free. One of the easiest and ideal ways to do this is by blogging.

Setting up a blog is very easy; you don’t need any type of specialized skills or knowledge of any personal language. To create your first blog, register and set up a free statement at Blogger dot com. It only takes a minute to register and get started.

Next, you need to add content. This is also a very simple process; you can do this by writing four or five articles. They don’t have to be long, 100 to 500 words is plenty. Don’t skip this step because it is important to have some content on your site before going on to the next step.

Register with Google’s Adsense program. After being accepted, you will be healthy to place ads on your site. You don’t need to do anything to maintain them; Google takes care of those details. These ads are great money makers. Each time someone clicks on one of the ads on your site, you make some money. Not a lot, but over time, as you get more and more visitors to your site, this income can really build up. There are some bloggers that make six-figure incomes apiece month from Adsense.

Join two affiliate programs, I advocate Clickbank and Commission Junction. These companies grant you to promote their products on your site. Each time someone makes a purchase, you get a percentage of the understanding price. Commissions vary between 20% and 75% depending on the product.

The next three steps are the same: market, market, market. To have a successful blog you must promote it. Otherwise, no one will know that your blog exists. You can promote it by writing articles and submitting them to the largest article submission directories. I do this myself and it works very well.

Register with the massive forums and comment on at least 8 posts per day. It is important that you state something worthwhile in your comments. Don’t just say, ‘nice post.’ That won’t help you at all. In apiece of your comments, include a signature file that links to your blog.

Write articles and post to the forums each day. This is the way to develop a successful online business. And you’ve done it without spending a cent, Congratulations!

Want to learn other ways to make money? Get my free ebook and Make Money Each Day!

24 Key Attributes for Success in Your Business(2)

11.        Build a Business do not Purchase a Job

From what I have found, people begin their own business for one thing and one thing only: FREEDOM; whether that freedom comes from working for yourself, having more time to yourself, financial freedom, or just the freedom of knowing that you are in charge of your life.

With a successful business, this freedom is truly liberating.  Now your friends that have never had any interest in captaining their own ship (those who work for others) might argue that you are far from “in charge” when exposed to the volatility of owning a business.   What they do not realize is that if you have 100 different customers and you lose half of your customers you still have 50 left. Your friends on the other hand have only one customer – their boss. If they lose that “customer” then they are out on the street!

Unfortunately, most business owners never achieve the freedom they seek.  In fact, about 80 per cent of businesses started this year will be gone in 5 years time.  Moreover, for those businesses that are still operating, most of their owners seem to work harder than any of their people and many seem to make less income than they could make elsewhere. Most end up having the business run them, instead of them running the business. In fact, they end up with the very thing they did not want, a JOB.  And that job might even come with the worst boss they ever had – themselves!  In effect, they have taken great risks and expended vast energy and all they have done is purchased employment.

12.         A business needs to be profitable and work without YOU!

 

If you want to achieve that freedom that all business owners seek, then you should adopt this definition of a business:

 

A business is – A commercial profitable enterprise that works without YOU!

Why build a job for yourself when you can build an income stream that keeps on growing whether you are there or not. Remember the business exists solely to serve you – the owner; not your customers, or your employees.  Yes, customers and staff are important, but the reason you begin a business has nothing to do with them.  It is essential that you adopt this attitude.

13. The only reason you would ever begin a business is to sell it.

If you want to achieve true success and freedom then you need to think of your business as your product.  It is what you are building and it is where you are finally going to make your profit – selling the business.  That is right; you begin by thinking about how you can build your business so that lots of people will be competing with apiece other to purchase your business.

Very few people ever make a fortune running their business, but many people make a fortune selling businesses.  Look at Bill Gates for instance. Yes, he has made a lot of money selling software, but he became the richest man in the world by selling his business – shares of Microsoft.

Are you too involved in your business? Ask yourself: could I pick up the phone in the morning and tell whoever answered, “you guys look after things, I am taking three months off”.

If you are like the vast majority of business owners out there, the answer is definitely NO.

14.         Working “ON” not “IN” the Business

 

Ultimately, you have to get yourself out of the day to day of the business. Stop working 9 till 5, doing the work of your business. Else be like most small builders…  they spend all day using a hammer and nails, working IN their business.

Imagine when you started your business that you built it in your mind, and then you place down that picture of what your business would be like when it was finished.  If you are going to sell a product, you must know when it is finished.  It is the same with a business.  You have to finish a business at some stage and have it ready for sale.

As an example, let us state you wanted to purchase a new sofa.  How much would you pay a furniture shop for a partially finished sofa?  Likely, only a very small fraction of what a finished couch would cost.  In fact, if you are like most people you would not even be interested in paying anything.  It is the same thing for a business.

 

When people try to sell a business that is not finished, at most they are really only selling a JOB.   As a result, these people only get a few people interested and they only ever get a fraction of the potential price.

 

When you have the finished picture of what your business will look like, then you go to work creating the business.  This way you are working ON the business, rather than just working IN the business.  You should be designing your business to run whether you are there or not.  If you do this then you have a choice, and choice gives you freedom.  You can work in the business or you can spend your time more creatively.  You can keep the business, or you can sell it.  I like good choices like these.

 

15.        You work hard because your business doesn’t

 

Imagine a business where you did not have to work there – would the business WORK? I mean, would it function properly?  Would all of the systems and the people integrate to get the result you wanted, the result the customer wanted?  Of course it would.

Almost each business owner I have ever met works so hard (too hard) for this exact reason. Their business does not work, they do. Everything about the business is in their head, and they are the only one who can do anything, so they are trapped.

Most are like this because the owners do not trust anyone else to do the job. For some reason they believe that no one can do it as well as they can. This need to be in control prevents them from growing their business.

Take the step, begin to document how everything in your business gets done, place systems in place, instruct other people and give them the responsibility to get the job done. (If you need more convincing, Read Michael Gerber’s book – The E-Myth Revisited.

16.        Assign Tasks.  Don’t Delegate Just To Abdicate

All great leaders are good at delegating so you must begin off-loading tasks as soon as possible.  Remember, time is your most precious commodity.  Since delegation is so important, you must prepare properly for it.  You must make sure that the mortal that will be doing the task knows what to do.  The worst thing you can do is to abdicate a task to someone.  By this, I mean telling them to do something when they do not have the skills or the training to handle the task.  It is essential that you carefully explain what you want done, how you want it done and what you think about a successful outcome to be.

This might come as a shock, or at least seem like overkill, but you must document how you want your processes and tasks to be completed.  From my experience, most owners just give their staff a (quite often limited) set of verbal instructions.  The owner then assumes that the employee knows what to do and the employee then assumes what he thinks the owner wants done.  While well intentioned, this feeble attempt at delegation often does not produce the desired results.  You see, it is a easy but important fact about human learning that only about 20% of people are auditory learners – people that receive and easily comprehend verbal information.  The rest of us are either visual or kinaesthetic learners. That is, we need to see (a picture, diagram or read) what to do, or we need to actually do something before we fully understand.  (I have some simple, but effective tools that can help you successfully delegate.)

After you have properly prepared, trained and given your team member the job to do, then let them do it. Do not jump in and save them or they will never learn how to get the job done. If you do, they will “learn” that you are the only one who can fix things.  Guess what, they will be right.  You have to let them begin off the cycle to learn how to stay on.

17.        Work for Yourself and go the extra mile

 

What if you do not own a business yet – that is, you work for someone else?  I recommend that you think like You Inc.  Treat your boss like he is your customer.  You want your customer to be thrilled with You Inc.  You want him to continue to purchase more and higher value services from You Inc.  At a minimum, adopting this attitude will be great experience.  Think of your job as market research (for your business) that someone else is paying you to do.  But remember, what goes around comes around, so give it everything you have.  Your boss might even spot a future business partner in you.  Always go that tiny bit further than you are asked to, give a tiny extra and you will go far. If you are asked to stay until 5:00 PM, stay until 5.30 PM, just do a tiny more than were asked.

 

18.        The key to success is laziness

 

Which would you like – 1% of 100 people’s income or 100 % of your own income.  I would like the former, not just because I am lazy, but also because with this attitude my income can be unlimited.  On my own, I can only acquire 100% of my own income.  On the other hand, there is nothing stopping me from working with 101 people or 1000 people. (why stop there?)

If you have ever thought that you will succeed if you just work a tiny harder, place in some extra time, or just do more of what you are doing right now, then it is time you lifted your head and took a look around you.  You probably know several hundred people who work hard.  How many of them are really getting somewhere?

The aim of the game is not to work harder; it is to create superior results with less effort – finding ways of achieving more with less. In other words, to continually leverage your time, your efforts, your money and your knowledge.

 

If you are paid an hourly wage, you will never acquire more than the number of hours you work, but if you and your business are set up so that you are paid whether you work or not, then you have truly understood one of the key principles of success – Leverage.  Leverage is simply – the capability to do more with less. The aim of the game is to create an income stream that flows whether you work or not. Build assets that yield income.

There are numerous ways to create Leverage. You can leverage yourself through people, systems & processes, marketing and finance.

19.        Your Business is Like A Tree

It is important to view your businesses as a living organism – like a tree.  Your business is either growing or it is dying.  When does a tree stop growing – when it is dying.  The same is true for a business.  You see the world does not stand still.  New products, services and competitors are cropping up everyday.  If your business does not evolve, then it will die.

20.        Change – The Only Constant

It is important to think about your business in the context of the wider business community and the world economy.  Think about the Agrarian, Industrial, Information ages.

In the Agrarian age (which lasted until primeval in the 20th century) 95 per cent of the population worked the land and the wealthiest people were the landowners.

In the Industrial age (which lasted until about 1980) those that owned the factories created the most wealth.

In the Information age those that owned the personal and software production, the telecommunications and have the information and corresponding managing tools created the great wealth.

By considering just the length of time that these ages have lasted we can easily see that the pace of change continues to accelerate at an increasingly rapid rate. In the information age we are living through, it only takes about 18 months for the acquirable information on the planet to double, where it took about 50 years a century ago.

Some would argue that we have already left the Information age.  With constant change, occurring at an increasingly rapid rate, it has never been more important for owners to:

1.      Work ON their business, rather than IN their business

2.      Work harder on themselves than their job

3.      Surround themselves with experts that can give them each competitive advantage

 

21.        How Do You Compete?

With information moving so fast, people can copy, reproduce and have ready for understanding any product or service in a matter of weeks. In today’s economy, you can't be cheaper than your competitors can for long.  Therefore, the 21st key is that you have to know what information is important for your business success.

The only way you can stay ahead of the market is to out-think, out-sell, out-market and out-maneuver your competitors. Your marketing, income and customer service is crucial. You do not have to have the world’s ideal hamburger to sell billions of them.

The next time you have a group of people in a room ask them “who thinks McDonald’s have the ideal hamburgers in the world?” I will bet that not one mortal puts up their hand. Yet, who sells more hamburgers than anyone else does?

Then ask the same group, who thinks they can build a superior sales, marketing and distribution system for hamburgers than McDonald’s. Once again, no one will place up his or her hand.

 

22.        Ask for more

 

If you are going to build a great business, if you are going to make your fortune through business then you have got to ask for a whole lot more than you do right now.

If you shoot for the stars, at least you will make it to the moon.   If you do not ask, the answer is always NO. If you begin to ask for more, and be grateful for it, you just might begin receiving. Just remember, those who are grateful always receive more than those who just complain about life.

Do not be afraid of someone saying NO. They are not rejecting you, it is just that your request might have come at a bad time or their goals are not quite aligned with yours. Do not take offence … each NO gets you closer to a YES.

23.        Abundance vs. Scarcity

For most people getting more means that someone else has to go without. As intuitive as this might seem, nothing could be further from the truth!  There is literally more than enough to go around.

To succeed in business, you often have to depart from conventional wisdom.  Because, as I mentioned earlier, the crowd is often wrong.

 

Scarcity was first espoused by English Preacher Thomas Malthus, who concluded that England would run out of food as there were too many people for the acquirable food production.  Yet, even to this day we still produce more than enough food to feed the entire planet.  Because we believe in scarcity; or more commonly known as supply and demand, much of it gets thrown away.

In business, you have got to realize that there is always more than enough money to go around.  When will you go out and get your share?

Abundance is a mindset, a mindset that comprehends how technology has removed scarcity; how the old thoughts in economics are exactly that – old. (Read Paul Zane Pilzer’s book – Unlimited Wealth for more on this.)

 

24.        Work Smarter, not Harder

Just to establish that thinking differently is so important, write down how much money you attained last year. Now add a zero to the end of it. You have just increased your income tenfold.   To make that much money doing exactly what you are doing right now, how hard do you have to work?

You have to stop working harder and begin working smarter.  Remember, people with jobs acquire money while business owners and entrepreneurs make and create money.

Some final words

We have been discussing some key attitudinal concepts that will be fundamental to the success of your business.  Yes, there are a lot of other important concepts about Marketing, Sales, Customer Service, Operations, Employee Development, Finance, Cash Management and Administration.  There is a lot that can be done to help you develop your business in all these areas.

However, years of experience tell us that it is the fundamental attitude that you must embrace first.  Your attitude is the essence of who you must BE as a business owner if you are to get what you truly want from your business.

This experience is also consistent with the easy BE-DO-HAVE goal attainment philosophy.  This philosophy states that in order to HAVE the things you want in life you must DO the right things.  Before you can do those things, you must BE the mortal that is capable of doing the right things.

 

A Complete Waste of Time!

Now let me be brutally honest with you.  Most of the people reading this article will acquire totally no lasting benefit from having done so. It will have been a complete waste of time!

Why would I state that?  Do I not believe that what we have written has benefit?  Totally it does…. but then again, there are many great business books.  Most of them have a lasting impact for only a few people.

 

In order for you to get any lasting benefit from the information I have presented, you must take some action.  Otherwise, nothing will have changed for you.  If you do not change anything, you will get the same result that you are already getting.

 

Peter Cantelo (Copyright 2008)

www.vivavi.co.uk

Achieving Success in Business Requires 5 Key Attributes

Achieving success in business is nearly always the result of hard work, dedication and sacrifice. Any business community in general is bound to be very competitive and achieving success will always come at some cost. Even though developing a sound business plan is a very good begin in reality the key to success lies within the person.

There are 5 critical attributes a mortal will require if they desire to attain any type of professional success in their lives. Now rest these attributes to which we refer are not ‘special’ gifts bestowed upon only the ‘chosen’ but can in fact be easily acquired. Once more these attributes or ‘success skills’ can be applied to just about any aspect of your life and are not limited to business related activities.

So for those wondering how to become successful, or at least improve their work performance or individualized lives here are 5 areas that will need to be worked on.

The Why

Whatever it is that you are striving to succeed at must be something you want badly enough to commit your concerted effort towards. The ambition that you bring to your pursuits is directly related to the chances of your success. Once you have established strong reasons as to why you want to succeed the ambition within you will help you maintain your drive or efforts.

Determination

Here too you will be relying upon a very strong desire to achieve success and this will translate over into a commitment or determination to succeed. If you focus on the net results and how much they will benefit you maintaining your resolve should not be an issue.

Focusing Effort

Knowing what it is you have to do to attain the desired objectives you seek is only half the battle. The willingness to place forth the necessary effort over the required amount of time needed will finally be what gains you the results you seek.

In a nutshell you will need a strong work ethic to see you through.

Patience

Most any achievement of significance will take time to achieve. Realizing and accepting this beforehand will go a long way towards your capability to meet your goals and objectives.

Don’t let the enthusiasm and anticipation of meeting your objectives wear down your patience. Patience is a virtue and in this case it is also a strong ally of yours.  

Adaptability

Things do not always go according to plan and in fact this is one constant we can generally rely upon. When and if things change, stop and assess the situation then adapt and continue to move forward. If mistakes occur refrain the temptation to lose your cool but instead take the time to learn from it so that you do not make that same error again.

Achieving success in business is not necessarily an breathtaking stroke of luck but more the result of careful planning and mental preparation. Professional success does require some kill but more importantly the key to success is developing and adopting the proper mental ‘framework.’ As we reviewed the 5 critical success skills above you can plainly see it will take your willingness to sacrifice. Knowing how to become successful will come with the realization that kill and a steadfast adherence to your goals will be the very foundation of the success you seek. The 5 traits we discussed above, their development and your adoption of them, will be the key to coordinating your physical efforts with your focused mindset

Achieving Success in Business Requires 5 Key Attributes

Decision Making – How to break down huge decisions into small bites so you get huge results. It all comes with practice and leads to a happy life. Sponsored by www.magicsuccesskeys.com -
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24 Key Attributes for Success in Your Business(1)

What to take YOUR business to a whole new level? This article is designed for business owners who want to take their business to a whole new level and realize results beyond their wildest dreams.  The first of a three part business tips series, it deals with the 24 key attitudes that are fundamental to the success of your business.

The second article… The 5 Biggest Small Business Mistakes and How to Fix Them deals with the next most important area – Marketing. Without a solid foundation of who your target market is, what they want, how they want to deal with you, then you have no prospects, no customers and no basis for a company.

Finally, the third article in the series… The 5 Key Business Profit Factors  deals with how to make huge amounts of profit.

The Key to Business Success

What is the most important factors of a business’s success?

• A One-of-a-kind Selling Proposition (USP)?
• Having the lowest prices?
• Great income people?
• The ideal location?
• The ideal products?
• Good customer service?
• A strong local economy?

While these are all factors, based on our experience working with all kinds of different businesses, the most important determinant is YOU – the business owner.  History is riddled with examples of successful businesses that have unsuccessful with a new owner and dull businesses that have flourished under new ownership.

 

As a result, you are your most important business project.  As such, you should be investing significantly in yourself.  This includes reading books, analyzing your strengths and weaknesses, setting development goals for yourself, seeking outside advice, tracking your own individualized development and getting a mentor to keep you on track.  You probably spend plenty developing and maintaining your business’s physical assets.  How much time and money do you spend on developing yourself?

The great motivator and speaker E. saint Rohn advises: “Work harder on yourself than you do on your job”.    In my opinion, if you are serious about your business and what you want to get out of life, you simply must dedicate 5-10% of your time to self-development…   And, yes, you must set aside some money to pay for it.  Rest assured, this money will likely give you the highest ROI (return on investment) possible.  After all, you are the mortal that can increase your profits by 50% or more.

There is no superior time than now to make a commitment to yourself.  Get out your calendar right now and block off 30-60 minutes each day for self development, for the next 12 months.  Next, write down specifically what you are going to do with this time for the next two weeks.  At the end of two weeks, you should be in a position to detail your development plan for the next month, then the next quarter.

Another great quote, also from Jim Rohn: “Never wish your job were easier, wish you were better”.    Think about it.  If you are better, you will get superior results.  If you wish for it then you are more likely to find a way to make it happen.  If, on the other hand, your job were to be easier, then everyone would want to do it and you would be back to square one.

1.   The Winning Attitude

The journey towards breathtaking profits begins here. There is no greater bourgeois responsible for success, or failure, than your own mental attitude!  As a result, it is imperative that you begin by preparing your mind with the attitudes and perspectives that will set you free to achieve your business goals.  I am not speaking about psyching yourself with positive thoughts, even though at times this can help.  What I am speaking about is adopting ways of thinking that will free your mind to find the solutions to your business challenges.

How you think and what you believe to be true about how you do business is what brought you to where you are right now.  Before you can find a superior way of doing business, you must learn a new way of thinking about business.

It is a simple truth that it does not matter if you think you can, or you think you cannot, either way you will be right!

Stop blaming, denying or making excuses and begin taking ownership, being responsible and winning.

2.   In Business There Are No Mistakes

Did you know that Edison had tried over 500 times, unsuccessfully, to make a light bulb.  One day he got asked “you have unsuccessful 500 times, how can you go on?”  Edison swiftly responded “I have not unsuccessful once!  I now know 500 ways not to make a light bulb.”  The only unfortunate is the unfortunate to Participate.

If you want to be successful in business, you must be prepared to take calculated risks.  Many things you try will not work the first, or second, time.  You learned to achievement by falling down.  It is the same in business.  You probably had parents or that gave you a innocuous environment in which to learn.  In business, you can seek out a mentor to help give you a safer environment.

3.   What if Contrary Information was “Interesting”?

Have you ever had an argument?  You knew you were right and the other mortal was wrong.  However, the argument was vigorous because the other person, who was also bright and articulate, was convinced they were right.  So, there you had it, two people both right and both wrong at the same time.  You argued but the other mortal would not relent.  Several days later, you still were thinking about it when you realised that you were wrong after all.

 

Brad Sugars, the remarkable entrepreneur has an approach which has enabled him to continually innovate.  When Brad hears an view that is contrary to his he says, “isn’t that interesting?”  This then opens his mind to the possibility that he will learn a new way.

You see if there is an up, then there must be a down, and a left and a right… If you have to establish yourself right, then you cut off all possibility that there might be a superior way.

If you truly want to change the success of your business, you must be willing to change the way you think and the way you behave.  Isn’t that interesting?

4.   I Know – the 2 most hazardous impediments to Business Innovation

Teenagers KNOW everything. Just ask them. Now that you are a tiny older you realise that it is probably not polite to say, “I know” out loud to everyone.  So as an adult we listen politely, cross our arms, all the while in the back of our mind saying, “I know”.

Try this exercise.  Close both your fists tightly.  Now try to button your crown or make a phone call or compose an e-mail.  Your mind is like those shut fists.  There are very few things it can do well when it is closed.

You need to forget the mindset that states “I know”.  It is what you learn when you think you know everything that counts

 

Open your mind up, it is not the major realizations that will make you a fortune, it is the fine distinctions that gives you the edge over the rest of the population.  The difference between ordinary and breathtaking is that tiny bit extra.

 

5.   Business is Fun!

You have decided to go into business for a number of reasons; more money, more control over your time, more free time.  Unfortunately, if you are like many business owners, you let the business take control of you.  It might even suck the life out of you… but life should be fun.  Since owning a business should give you more life, it only stands to reason that business should be fun!  To have fun, I advocate you treat it like a game.  First, learn the rules.  Second, keep score.  Finally, have fun

6.   Time is Your Most Valuable Asset

If you spend each penny you have you can go out and acquire more money.  In this sense the amount of money we can have access-to is infinite. Unfortunately, we all have a finite amount of time on this earth.  If we waste a minute, we have lost it forever.

While this might seem intuitively obvious, amongst the business owners I meet, this one simple principle is the most important yet under appreciated principle of business.  Let me describe one conversation that is representative of conversations I have had time and time again with different business owners.  We will call the business owner Mark

Peter:  Tell me how your business is performing relative to your goals.

Mark:   Well we are doing OK but I know we can do better.

Peter:  If you know what to do, what is keeping you from doing it?

Mark:   I always get disturbed and I can never find the time to do the new things.

Peter:  Is your business profitable?

Mark:   Yes it is. But I know I could easily do better.

Peter:  How much would you like to make in the next twelve months?

Mark:   After all expenses £150,000.

Peter: Do you believe that this is a realistic objective

Mark:   Absolutely.

Peter:  How many hours a week would you like to work?

Mark:   50 hours per week and I would like to take 5 weeks pass (including holidays).

Peter:  So Mark, that means you would like your business to acquire about for each hour that you work. (£150,000/(50 hours x 47 weeks)).

After an examination of Mark’s workweek, it was obvious that he was involved in a number of activities that were not worth £64 per hour.  If Mark spends 35% of his time working on tasks that could be handled by a £15/hour employee he is either going to have to work a lot more hours than he wants to, or he is going to have to get his business earning more like £90 per hour for the equilibrise of the time he works.

Now, I am swift to advise owners to be careful with how they spend money.  But Mark’s penny pinching was not in his ideal interest.  Mark was trying to save paying more consequence (about £17,000 per year).  But, by trying to save money it was costing him considerably more.  He was not having fun and he could have been implementing changes that would yield him more like £50,000 in additional profit (3 times what he thought he was saving).

As an owner, the most important decision you make is what you spend your time doing.  Owners that I meet who work too many hours and do not make as much as they want, often treat their time very causally.  Typically, they do not plan their day and tend to be reactive.  Often they do not even keep a calendar. Rarely can they tell you how they actually spent their time.  Conversely, successful owners plan and track their days and their week as carefully as they spend their money.

I advocate that you emulate the successful owners.  Think about what will give you the ideal long term ROI [Return On Investment] for your time.  Do not be distracted by saving a few short-term pounds if you have an opportunity to create something that will generate returns for you year after year.

7.   Questions are more important than answers

One night at dinner, a young man asked his wife, “Why do you cut the ends off the roast?” Her reply, “I am not sure.  It is what my mom used to do”.

Some time went by before they visited her mom for dinner, and when they did, they had roast for dinner. So he asked, “why do you cut the ends off the roast?” Her reply, “I’m not sure, my mom always did it that way”. So he made a phone call to his wife’s grandmother and asked, “why do you cut the ends off the roast?” Her reply, “well, I’ve only got a small baking tray”.

So, often we do things, just because it is the way we have always done them, having totally no intent why it was done that way to begin with.  Ever notice how new people tend to question things?  As an owner you should question why your business runs the way it does.  The only way to perform substantially superior than your competitors is to be substantially different from them.  In business, following the crowd will nearly certainly lead you to slaughter.  Looking at it another way, have you ever seen a flock of eagles?

To succeed in business, you often have to depart from conventional wisdom.  For many people this will be difficult – especially those who did well in school.  After all, we were taught in school what we had to do to be successful – quite often it involved conforming.

 

In an increasingly competitive environment, you must distinguish yourself by more than just price. You do this by being different. Think about what makes you one-of-a-kind and then tell the world.

8.   Take a look in the Mirror

Ever notice that when you are having a good income week that the next week just seems to get superior and you keep closing more accounts with tiny or no effort.  Or maybe you have had a slow couple of weeks and all the prospects that you meet seem to have trouble deciding.  You have to make multiple income calls, answer question, after question, after question.  The people you attract in your life are a mirror of where you are at.

Most businesses are a clear reflection of its owner. Some owners want to control everything and wonder why none of their team ever takes any initiative. Some hate selling and love paperwork, so they have always got their numbers done, but never really sell much.

When I look back at my life I can clearly see times when my successes lead to more successes.  Success follows success. This brings me back again to the key to success in business – you.  Make sure you invest in you.

 

9.   Business is a Self-fulfilling Prophecy

Remember the last time you purchased a car.  You selected something that you thought was distinctive.  Then after you got it you started to notice that you were seeing the same automobile all over the place.  Or, another example, try right now to NOT picture a purple cow in your mind.  What happened…. You are seeing a purple cow… Your brain has an astonishing power to create whatever you focus on. It is called your Reticular Activating System (RAS) and it is like your individualized compass.

Your RAS will find proof that the connector is flat if you want it to. In fact, it will find proof that November is a slow month if you want it to. In other words, attention determines direction. Just like the last time you stated to yourself; “Do not forget, do not forget, do not forget… ” And, what happened, you forgot. Change your wording to “remember” get rid of the negative ‘do not’.

 

Another example, if you were to ask a mortal how their day has been, and they answered, “Not bad”. What is their benchmark on life? BAD, and this day is not that. Your RAS is an astonishing tool and it will find whatever you ask it to find, so you had superior ask for very positive things. Remember to ask for the things you want, NOT to near away what you do not want.

Every day your business meets your true expectations. In other words, if you believe you have to work hard to make money, then that will always be your reality. If you believe you can never get good people then that will be your reality.  You generally make true that which you believe to be so.  So, select your beliefs carefully.

10.        Listen to the Taps on Your Shoulder

Traveling down the road of life, it is simple to be distracted, get off track and lose sight of the huge picture. You have heard the old saying, “can’t see the forest for the trees”.  However, each day you are getting tiny taps on the shoulder, an intent that you should change what you are doing, a recommendation from someone, a hint.  These taps are just like the cats eyes in the center of the road and the small slits in the shoulder that serve as warnings.  You feel tiny taps if you stray too far one way or the other.  Either you learn to listen to the taps and adjust your course, or eventually you will run into the sign posts at the side of the road, or worse, oncoming traffic.

In business, we get taps all the time.  Unfortunately, they are a lot more subtle than the taps we get on the road.  They are however, just as important for the health of your business.  If you do not want your business to be run over by the proverbial ‘hit by a bus’, it is imperative that you become adept at listening to the taps.

The most successful business people are very perceptive.  They have perfected the craft of surrounding themselves with other people and then listening – really listening – to what they have to say.

So, be sure to listen for the taps and look for the signs. Sticking your head in the sand never helped anyone.

 

Peter Cantelo (Copyright 2008)

www.vivavi.co.uk

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Car Quotes Do’S And Don’Ts

Car Quotes Do’S And Don’Ts

There are so many things you must think about before getting a automobile quote from your local dealer. How can you make sure that you are getting good deal? How can you refrain being bamboozled with all the automobile jargon, statistics, or other technical stuff you can’t possibly comprehend sometimes? It might be a bit intimidating, especially for first timers who know nothing about it. If you want to be on the save side, read on this article. The information and tips you will read below might save you so much cash and trouble.

Always remember, even though most automobile salespersons are probably honest hardworking people, you have to keep in mind that Sales Managers, Automobile Sales People, and Finance Managers all get their income through commissions. This means that whatever they sell you; they probably get fifteen percent of that. They think about the weight of their pay check even as you enter the room. They see you as potential money. So of course they’d like to diddley up the automobile quote to however higher they could possibly do so. These people have been fully trained in the complex procedures calculated to make potential buyers’ emotions directed towards buying a automobile pronto, without enough time to think things through. Do not give in to this. There is no rush in buying a car. Take a few weeks, in fact, take months if you have to, before finally buying your car. Remember that automobile quotes can change as easily as the wind. The underlying principle to these is that a profit is added to the prize. The size of these profits is huge. They expect your bargaining with their prizes, therefore, by all means, dicker their prizes to bring it down to a more sensible range.

Look for free automobile quotes online. This is a good way to do some research and actually get a feel for the market and the prices. Free automobile quotes abound everywhere. But the ones online are perhaps some of the easiest ones to get. In any case, a free automobile quote will make you feel less indebted in buying that automobile right away. But just remember that the price you will see here can most probably be significantly lowered.

Do not sign anything binding. Do not let anyone convince you that the automobile you are looking to purchase will not be acquirable tomorrow. They will tell you that their discounts and offers will drop within a couple of days and that you should reserve it for yourself now. Do not give in to this temptation for this will make you feel indebted to purchase the automobile you paid a down payment for. Think about it more. Hold on to those automobile quotes and place them under your pillow.

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How to Succeed With Magnetic Sponsoring

How to Succeed With Magnetic Sponsoring

How can you succeed with Magnetic Sponsoring. Well, there are a few tips you should follow to truly maximize the effectiveness of the Magnetic Sponsoring course. What I’m going to share with you are ways you can use the MS training to succeed in your home business.

Magnetic Sponsoring Success Tip #1

First step in succeeding with Magnetic Sponsoring is pretty simple. It’s to read the book in its entirety. The reason this is the first tip is because by reading the MS book, you’ll learn how to magnetically attract people into your business the first day. Another reason is because of the steps given in the book that you should take to get your growing your home business.

After reading the attractable sponsoring book, you should write down 10 things you can do right now to grow your business. And then write down 3 of the most important things you learned. This will help you comprehend what you should do. And also help you in teaching your downline what needs to happen in order for them to grow their business.

Magnetic Sponsoring Success Tip #2

The next step is to join the Magnetic Sponsoring community. Inside the community, you’ll be healthy to “mastermind” with other networkers from various industries. And in some cases, you’ll be healthy to find people inside the community who are a part of your company.

You could come together with the members in the MS community, and help apiece other with different tips and techniques to use to grow your downline. This will make growing your business fun and enjoyable.

Magnetic Sponsoring Success Tip #3

The third step that’ll help you succeed with Magnetic Sponsoring is to market the training course. I know, this probably isn’t what you want to do. But what’ll happen is, you’ll make some up front cash. With that cash you can place it towards growing your home business.

Also, while marketing the MS training course, you’ll get a superior understanding of the whole marketing concept.

Use these tips to help you succeed in your home business from using the Magnetic Sponsoring course. Use the course and watch how you develop into a very successful home business owner. The course is worth its weight in gold. By using these tips, you’ll definitely succeed with Magnetic Sponsoring today.

How to Succeed in Business, Any Business

While there are some very business specific things which apiece of us must learn in order to work effectively within our chosen enterprise, the truth is that being really successful has very tiny to do with gaining business specific skills. If this were not the case, the number of people who are finally seen as successful would not be so limited. So, what is it that sets the winners apart? Here are the five keys of how to be successful in business, ANY business.

SEE Your Goal
Visualize and meditate on your goal each day. Your goal will not become a reality unless you see it so clearly that it feels real.

DO Something Productive
It might sound obvious, but people have a tendency to “lean on a shovel and pray for a whole.” Make sure you complete at least one income producing activity each day.

GROW Yourself
Jim Rohn said; “We can have more than we’ve got because we can become more than we are.” It is imperative that you do some sort of individualized development on a regular basis. Read, study, GROW.

SEEK Counsel
Find people who have reached what you want to achieve. Develop a relationship with these people. Mastermind with them and with others who are on the same journey as you. It will work wonders!

EXPECT Leadership
Demand it of yourself and those around you. You have to first BE the mortal you want to be, the rest will follow. If you move to have certain things before you can act a certain way or be a certain type of person, then it will never happen. To quote saint Allen, “Think, talk and act just as you wish to be, and you will be that which you wish to be.”

Do you want to know how to succeed in business? Any business? All you are required to do is turn these five actions into regular habits. Once they are so ingrained in you that you no longer need to think of them and they just happen as naturally as breathing, then you are guaranteed success in anything you undertake!

How to Succeed in Business, Any Business

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What Would be your Internet Business Strategy to Make your Business Successful?

What Would be your World wide web Business Strategy to Make your Business Successful?

Developing a successful World wide web business might include the following:

Unique product or service,

Implementation of different money making methods,

Having an opt-in email list,

Getting higher ranking of your website in major search engines,

Efficient use of no-cost and low-cost advertising techniques,

Setting up an efficient affiliated program,

Building joint venture relationship,

Optimizing retention policy with the help of effective follow-up system,

Building long lasting relationship with subscribers and customers,

Accepting money online,

Having total control over entire business.

You might know the importance of most of the above.

But one tiny thing you don’t forget – If you want to be successful, you need to have a good coordination between all of your activities and it could be decided and controlled by proper business strategies.

Proper strategies help you perform apiece and apiece activity of your entire business properly. It helps you decide your goal, helps you refer the paths towards your goal, helps you comprehend the tasks you need to perform in apiece step to achieve your desired goal. So, proper strategies make it easy to show you the end results of your total effort.

We already know that an World wide web business means a killer product, a top selling ad copy, continuous flow of targeted traffic to your website, an automated sells system and off course maximum sales. But, running one successful online business essentially needs a proper strategy to get maximum out of apiece activity.

A proper strategy helps you in creating or selecting your products, it guides you how to offer your products, how to define your uniqueness, who could be your target market, how to build relationship with your subscribers and customers, how to market your product, who could be your joint venture partners and the rest of all so that you get maximum business in terms of traffic and profit. It doesn’t matter whatever product or service you do have, whether you have your own product or not, whether you are newcomer or experienced, you must have a properly defined strategy to efficiently coordinate between apiece of your activities.

Have your business strategy in front of you, define you goals; choose your product, brand, offer; refer your target market; define your uniqueness, income process, marketing process, follow-up process and off course everything.

You should remember one thing and that is properly defined strategies make nearly 90% of your work already done for you.

Free Traffic Generation Techniques for Any Successful Internet Business

Free Traffic Generation Techniques for Any Successful World wide web Business

Targeted traffic is the lifeline of any successful world wide web business. Of course having a good product to promote is essential but without customers you have no business. Once a product to promote has been decided upon and the core structure of the business has been established it’s time to focus attention on generating traffic to your website.

For the purpose of our discussion here let’s review 4 effective techniques used to generate high volumes of free traffic with great results.

1. Viral Marketing

This type of advertising approach is subtle. Viral marketing enables you to attach your name, product label, or website to any type of message that can be viewed, heard, or read. The content of the message you select to circulate doesn’t even have to be your own work, it can be something you might have come crossways that you found noteworthy for whatever reason.  

The nature of this content might be thought provoking, controversial, late breaking news, or information of some value to the reader. The twist is it need not be directly related to the theme or purpose of what you might be promoting. The intention is to create a ‘buzz’ with the recipients of this message in hopes they’ll pass it on to others.

2. Participate in forums and social sites

Find communities within your niche by simply searching on google.

Thru your participation at sites such  you not only increase your knowledge base on your subject  but also acquire valuable contacts of like minded people. Additionally, by including your site address with the indistinguishability you use for participation you increase the chance of additional visitors to your site.

3. Publish articles

This is not as hard as it sounds. Totally anybody can write an article. Just transpose your thoughts into written documentation and you’ve got an article. Once you’ve written and submitted your article to the article directories, your work is done. People will now visit the various directories while doing research for information such as what you’ve written about or perhaps looking for content for their own websites. Your study and any site you might be promoting will now travel endlessly (hopefully) over the world wide web increasing your exposure to potential visitors to your place of business.

4. Engage in Link exchanges

Remember those people you’ve met at the forums and other social sites you’ve participated in? Think about placing some of their links on your site as additional reference material for your visitors. Your readers will love this since your site has now grown as a larger source of information for them. In exchange you can place your link on their sites enhancing your capability to attract additional targeted traffic to your site. Everybody wins!

Looking around online it’s a innocuous bet you’ll find any successful world wide web business uses these free traffic generation methods. As they say, success leaves clues; now its up to you to follow them.

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