Tuesday, August 11, 2009

Lessons Learned as a New Entrepeneur

As Americans, we are experiencing a significant economic slowdown. With unemployment at close to 10%, currently over 10 million Americans have started their own home-based business and many more are considering it.
There are many distinct advantages associated with a home based business such as freedom, flexibility, working from home, direct control of your income and being your own boss. Being a home based business owner also means, you are closer to your family on a daily basis and other responsibilities. The most successful home based business owners are organized, disciplined and action oriented.

Here are some tips I have learned about being successful as your own boss:

1. Determine your priorities: Write down your tasks in the order of importance, and focus on the urgent ones first thing in the morning. By following your list of priorities, and assigning a time frame to complete, you can ensure that you do no miss out on any income generating task that is important.

2. Plan your day the night before: Plan your day the evening before so that you are ready to act as soon as breakfast is done. Set goals to be accomplished, calls to make to prospects, marketing to complete. During the day, keep updating your plan as you achieve each goal.

3. Help your family understand: Family pressure can be one of the major reasons that many home-based businesses fail to succeed. You need to help your family understand that you are at work, even though at home. Make sure you set aside quality time for the family. Remember, this is your business and not a hobby.

4. Go the Extra Mile: You will have to work harder and longer in the beginning with your business. This effort will help your business build a strong foundation to help it grow and stabilize.

5. Reduce distractions: Try to avoid television and radio. Create a peaceful and quiet atmosphere in your home so that you can focus on work.

6. Set aside time for YOU: You can improve your productivity by spending a few minutes to refresh yourself. Get some exercise, go outside and enjoy the sun, or take a walk. It will do wonders for your focus.

7. Focus on Personal Excellence: Raise your standards by having high expectations of yourself. Hustle and do not let yourself become idle for too long. The best entrepreneurs are always hustling and putting in the effort to take massive action.

These tips will ensure you get off on the right foot in your home based business. In my opinion, being a successful Entrepreneur is 90% discipline, organization and action.

The Recipe For Success

Success has as many different definitions as there are people. We each have different responses to what success means to us. Success involves every facet of your life from your relationships, career, health/wellness, spiritual life and peace of mind.

In this article, I’d like to hit the first of my four ingredients into the recipe of success.

First Ingredient in the Recipe for Success

The "right" mental attitude is critical to the recipe for success. A positive mental attitude is the beginning to your success. We have all met people that have a great “can do” attitude and I bet others view them as pretty successful. The “can do” attitude helps people achieve their goals and build relationships with friends and business associates. We all enjoy being around positive people that are problem solvers and are "good finders" (look for good instead of bad in every situation).

Things to keep in mind about attitude:

  • Keep an attitude of acceptance, forgiveness, respect, and consideration in your relationships. It goes a long way in your success.

  • An open mind toward new experiences in your life will help you adapt to change. The world is ever-changing and unless you change with it, you will be destined to be mediocre.
    Be self aware of your own abilities and yourself. Be positive and realistic. Through your lifelong personal development journey, you will have a strong grasp of your possibilities in life. I doubt very seriously that I could be a PGA Golf Pro having not played in ten years. Keep it all in perspective with reality and stay positive on the goals that are challenging and realistic in your life.

  • Consider a mentor to help you set realistic goals, provide encouragement and motivation to help you achieve your goals. Mentors can also be great to learn from, share lessons learned along the way, and be a role model of success.

A positive attitude sprinkled with realism, and an open mind is the first ingredient in success. This ingredient will allow you to use your own abilities, see the future vision of your life, and develop the skills and abilities to have what you deserve in life.

Stay tuned for the next 3 ingredients to the recipe of success!

I'd love to hear your comments on the first ingredient for success. Please feel to subscribe to our blog on the right hand side of this page and pass along to friends/co-workers that may have an interest in success.

Until next time, Control Your Destiny or Someone Else Will...