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Archive for the ‘Tips For Making Money Online’ Category

How To Avoid Conflict With Partner While Working From Home?

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24 February 2006
Lama Kalla ? 2006

Conflict with Partner is one of the major obstacles facing business owners both men and women. Business owners tend to spend countless hours to get their business off the ground and start making profits. Having an angry partner will only cause more anxiety, stress and leave them with an additional obstacle to overcome.

It is important that you maintain a positive attitude towards your business and if your family is working against you, that becomes almost impossible. On the hand, remember not to devote so much time to your business that you completely neglect your family.

So how do you manage such a critical situation?

The key issues are simple yet very effective. Intensive communication and time management are the keys to considerably minimize such conflicts.

Here are some tips to help you maintain a healthy balance:

1. If you are just starting out, ensure that you have an additional source of income such as a part time job to cover your basic living expenses until your online business takes off.

2. Be honest and tell your partner about your desire to succeed, your ambitions and your reasons for running your own business.

3. Explain that setting up and running a business whether online or offline needs a lot of time and effort to get it off the ground before your start to reap the rewards.

4. Explain the benefits of working from home such as saving on rent, travel time and being able to set your own hours.

5. Keep your partner well informed of your business progress, your ups and downs, your tears and joys. Share with them your business stories.

6. Ask for their help, opinion on certain issues, like their opinion on your website design, your sales letter, and your ideas. Make them feel part of your business and their opinion is important to you.

7. Organize your time, share your morning coffee with them, your lunch, and give them your full attention when you are with them… Of course they will get mad if the first thing you do once you wake up in the morning is rush to your PC ignoring them…

8. Don’t be selfish, always put yourself in their shoes, we all need love and attention whether males or females.

9. Set time limits and a work schedule to accommodate your families’ needs, you don’t need to work 24 hours seven days a week.

10. Help with the house chores, look after the kids, especially if your partner is working out side home.

11. Spend your time online ONLY to grow your business even if you have to give up other interesting things for a start. If you have a spare hour, spend it with your partner not surfing the net.

12. No matter how much your love your partner or they love you, one of the reasons that trouble gets initiated is the fact that your are seeing too much of each other especially if your partner is not working, so why not consider renting a small office or share an office with a friend where you can go and work there during the day.

13. Time spent with your partner should be well spent, give them your full attention no matter how busy you are with your business, make a habit of going out together for dinner once a week, or even book a room in a hotel at least once a month (if you are making enough money online, well… you should be if you are spending endless hours on your computer).

14. Once you start making money online … show them the benefits.

15. Why not consider introducing the online business to your partner, who knows maybe they will be the next online guru.

One last advice and please keep it in your mind:

YOU DONT WANT TO GAIN A BUSINESS AND LOSE A PARTNER OR A FAMILY

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How to Achieve Success Now

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There is a vast amount of talking in the present day about “Freewill” and “Fate.” It seems that the majority of society believes that their surroundings and circumstances – their state of affairs – are caused by the subtle, mysterious workings of an omnipotent power, over which they are powerless.

The name of this power, they call “Fate.” And while they vastly disagree on exactly what it is, what it does, and what makes it operate, they do, nevertheless, agree, excluding the acts of God, that it somehow controls their actions, movements, and circumstances; predestinating them to a prescribed state of affairs – each to his or her own varying degrees of wealth or poverty; health or sickness; happiness or sadness, and a score of other things in between.

While there is, admittedly, some circumstantial evidence that is habitually construed to support their belief in “Fate,” there is no actual concrete proof that could justify a dogmatic view in favor of it. However, the same cannot be said of “Freewill.” There is just too much available tangible evidence to ignore its validity. And because of this fact, the minority – those individuals within it who actually believe in “Freewill” – the belief that we are independent agents responsible largely for our own state of affairs, feel strongly that claim to a belief in “Fate” is a pretentiously evadable tactic used by those within the majority to deny responsibility for their state of affairs – their particular levels of poverty or wealth, happiness or sadness, etc., and to justify their failure to take corrective action to better their state of affairs.

So numerous are the examples that could be given, if space permitted, that support the validity of “Freewill,” and which examples would work, perhaps as well, I have nevertheless chosen Henry Ford because his story is most remarkable in that it embodies, as nearly as possible, the actual essence of “Freewill.” Henry Ford made a monumental decision at the young age of 16 that he wanted to become an apprentice mechanic. Now that does not sound like a monumental decision, but it definitely was in the case of Henry Ford. Unknown, perhaps, even to Henry Ford, his decision was destined to strip “Fate” of its theoretical power and become a perpetual herald to the eminence of “Freewill” – to the fact that an individual, not “Fate,” is responsible for his or her own state of affairs.

Consider carefully the importance that one farm boy’s decision would have on this nation and the world. Because of this decision, Henry Ford would become the founder of Ford Motor Company; and although Eli Whitney was the first to introduce the assembly line method of production, Henry Ford, because of his monumental decision, was to become one of the first to apply the assembly line method of production to the mass production of affordable automobiles and is credited with contributing to the creation of the middle class in American society. Henry Ford’s achievement was labeled “Fordism” because it helped to revolutionize industrial production not only in the United States but also in other countries. Henry Ford did many other things, but this suffices to point out that his decision at age 16 to become an apprentice mechanic was a monumental decision, and it gives validity to “Freewill.”

While most of the world knows of Henry Fords achievements, they do not know of the problem that Henry Ford faced at age 16 when he made his “monumental” decision to become an apprentice mechanic. Here was the problem that confronted Henry’s decision; and regrettably, it is still a problem that challenges many of us today – Had Henry earnestly believed in “Fate,” as the majority does, he would have given up on his goal, resigned himself to the life of a farmer, accepting his “Fate” – a farm boy.

While most of Henry’s family and acquaintances saw Henry as a farmer, Henry was busy seeing himself as what he wanted to become and having the courage to take the necessary action to achieve it. This wasn’t always easy for Henry because his decision was not immediately accepted as popular by his family, especially by his father who, at first, was very obstinate about what he wanted Henry to become – a farmer; However, through the demonstrated determination to achieve what he wanted, young Henry’s father, as did other family members, gradually came to accept and even to appreciate Henry’s decision about what he wanted to become; and they saw living proof through Henry’s own example, that each individual is a “Freewill” agent responsible for his or her own state of affairs – that an individuals state of affairs is determined most largely, not by “Fate,” but by specific actions that an individual chooses through “Freewill” to exercise.

Maybe you are still undecided about what goal you want to achieve, and/or you are still uncertain about which is right, “Fate” or “Freewill”? If so, then you are not alone. People will continue, at times, to have questions about which goals they should pursue and will continue to debate and disagree on the preeminence of “Fate” and “Freewill,” as they always have. It may prove of benefit in helping you arrive at your own decisions about “Fate” and “Freewill,” to weigh the known facts. Namely, that while there is, admittedly, some circumstantial evidence that support a belief in “Fate;” however, there is no actual concrete proof that could justify a dogmatic view in favor of it – the same, however, cannot be said of “”Freewill”. There is such a vast amount of tangible evidence in support of its validity, and the fact that you can change your state of affairs by taking appropriate action; that we cannot ignore the validity of “Freewill;” neither can we ignore its claim to preeminence – consider the example of Henry Ford. Add to this, the fact that there are dozens of others, like Henry Ford, whose names I have not mentioned; whose stories I have not yet told.

Maybe you have an inward desire to be or to achieve some cherished goal, as did young Henry Ford who more than anything else wanted to be a mechanic apprentice. It may be a simple goal that everyone expects of you, or maybe your goal deviates a little bit, or quite a distance, from what is, or what you perceive is expected of you; and because of this, you are not exactly sure on how to proceed. In either case, do what young Henry did – listen to your inward yearning to be and to achieve what you want in life; not what someone else wants or expects of you – but what you want. And when you are firmly convinced about what goal you want to achieve, go after it like young Henry did; and like Henry Ford, do not alienate yourself from friends and family. Instead, let your determination win their approval and support.

By recognizing and acting on his right to be a “Freewill” agent, young Henry Ford, with his newly acquired skills, was better suited to repair the farm equipment and still, at the same time, disciplined enough to exercise his obligation to help around the family’s farm on his return visits and stays at home. The decision of one 16-year-old farm boy has benefited not only Henry Ford and his immediate family; but it has, and perpetually does, continue to benefit America, the world, and you and me.

Can you imagine the magnitude of the potential loss that we would have endured were it not for the fact that Henry Ford chose to exercise his right as a “Freewill” agent? When you do likewise, what success story will you one day have to share?

Good luck in your journey for success.

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How Secure Is Your Source Of Income?

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After many years of hard work, you find yourself at the top of your field. All your income is riding on one customer, one job, or one avenue of revenue. Does this sound like your situation? If you answer yes, then you must consider creating multiple streams of income.

What if one day, unexpectedly, you are “down sized”, “cut loose”, “let go”. Call it what you like, but you find yourself without a job, without income. I know how it feels, it happened to me.

First, you panic, then you get really mad and finally you settle down and realize you better do something and do it fast. For many, this has been a very real life experience, one that we wish never occurred.

Most people find it difficult at best, to find a job that will replace the income they had and changing careers is very frightening. So what do you do? You might find another job that you feel is suitable, but in the long term, it is not always, what you thought it was going to be.

What about starting your own business? This seems to be the next logical, and in most cases, the better choice. Whether you choose to start a home based business, a service business or online business, you must make a choice.

Multiple streams of income are imperative, not just for survival, but in order to secure your future. So start now, make the decision that you will develop other ways of producing income for you and your family.

You cannot let a bad situation get you down and keep you on the ground. You must make a decision to get up and turn things around. Without action, nothing changes.

Whatever you choose to do, whether a home based business or a new job and career, you must do it with all your might.

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How One Woman Found Her Perfect Home Business — Three Times

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Have you ever noticed that what works for you at one point in your life, might not work five years down the road. Maybe a divorce happens, or a partner gets a job transfer. Someone in the family could fall ill, and of course, kids come into our lives and then leave the nest to start their own lives. New opportunities arise and old ones disappear; it’s what we often refer to as…LIFE.

I’ve recently been introduced to a woman via the Internet who has changed her self-employment career three times. She has such a great story. Her name is Anl?. Her story starts back in the early 90’s when she and her husband emigrated from South Africa to Germany. It wasn’t an easy move for Anl?, but she was young and full of adventure and optimism.

Anl?’s husband, who was of German descent, found work right away when they moved, but Anl? could barely speak ”ja, nein and ich liebe dich.” Not being able to speak German was a huge hindrance to her getting hired. In Africa, Anl? was a promotional and advertising manager for their second largest wholesale group, but now, Anl? was going to have to think of a different approach making money, like starting her own business.

She had no idea what type of business to start, so she began to use the Internet as a resource. She happened upon a site called Bizymoms.com and was able to read about women who had their own home businesses. “I couldn’t stop reading, all those business ideas! I printed it all and read all the stories of all Bizymoms and their home businesses. I made a decision that I too can start my own business”. Explains Anl?.

What Anl? did next is key to finding a profitable business. She looked at the needs of her area. Anl? says, “It was a time in Europe where English suddenly became a necessity because of the borders opening between the countries and most people between the age of 30 and 50 suddenly needed English for their careers.” Anl? had no problem speaking English, even though Afrikaans was her native language. She decided to take a five-day course on how to teach people a second language.

Now we all have fears that keep us from improving our lives and moving forward. Anl? was very scared to take the course. She feared of making grammar mistakes, or that she wouldn’t be able to cope. Anl? explains, “I think the biggest problem is that you loose your own identity when you move to a country where you can’t speak the language. You loose confidence in yourself when you go to the bakery and you cannot even say what you want. The phone rings and you just stare at it and don’t dare to answer cause you don’t understand and can’t speak to who ever is calling you. The fear probably came from living with this situation for months and loosing confidence in my abilities and myself.” Amazingly today, Anl? speaks German better than English.

The first day of class was hard. “I must admit that first day I was so petrified that I could hardly get my legs to move from my car to the entrance, but I survived.” Anl? took it one day at a time though and completed her five-day course.

Then it was all about getting the word out about her business. She put an ad in the newspaper and waited, she really didn’t know if anyone would actually contact her or not. But it happened. She started to get clients. Then large companies started to contact her to teach their office staff.
Anl? says, “English is not my native language, but with determination and good preparation one could make a success of everything.”

Anl?’s soon became pregnant and had a little boy. She made it very clear to her clients that her son would be coming along to all appointments. But Anl?’s son did something that all of our kids do, he got older. Anl? says, “But as my son grew I found that it was not fair on him to spend so much time in the classroom, where he had to keep himself busy while I was teaching, and so it was back to square one.”

Anl? had to find a new way to make money. Again, she turned to the Internet to get some ideas on what type of business she should start. She explains, “All these years I had been following Bizymoms’ progress and as I needed a new idea I came across stories of Bizymoms who started daycare for little children. My daycare, ‘The Zwergenst?bchen,’ was born. It was a wonderful time, five little children came from Monday to Friday and my son loved it too.” Anl? truly enjoyed her new business. She explains, “I learned so much from them. I learned to just leave all the ‘adult work’ and just play. Then my son and all the other children eventually went to Kindergarten, we were finally building our dream house, life was wonderful.”

Life is great when it’s wonderful, but when it turns ugly, it can be devastating. During the building of Anl?’s home her husband had an accident. He slipped and fell from a two-story building. The doctors gave him a 20% chance of ever walking again. Anl? found that out later. Her husband, being a very positive soul, turned it around and told he had a 80% chance to walk. He spent many weeks in the hospital, ten months in a wheelchair, underwent lots of therapy, and because of all the time he had to take off to recover, he lost his job. Anl? found herself with no job, a half-built house in middle of winter, and lots of debt!

The situation was bleak, but Anl? didn’t give up. She again turned to the Internet for help and motivation. She explains, “I read everything on Bizymoms, again and again, trying to find something that I could do. And then one day I found it. Liz Folger advised someone who didn’t know what kind of home business to start to ‘to do what you really love,’ and as I have always painted and loved it, I tried to draw a picture of my son; combining the two things that I love most!”

When you look at Anl?’s work you will be amazed. She is such a gifted artist, and that is how she is currently making her living. On the front page of her site you will see the picture she drew of her son. Anl?’s business is a dream come true. She says, “I get up in the morning and can’t wait to start!” And really, that’s how it should be. Anl? now works on a commission basis, and she has the support of all her friends and family.

Anl?’s son is a huge supporter of her business. He is so proud of his mothers work. He tells everybody his mom is an artist and all his little friends get a business card with the strict order to give it to their parents. Anl? says, “When they come and play, he always shows them what I am working on and tells them if they want a picture of themselves, his mom can draw it. I even got two commissions because of his networking.”

Anl?’s determination and power of positive thinking has clearly helped in the success of her business. Two quotes that she loves are, ‘I always do the things that I can’t do, that’s how I get to do them,’ and ‘it’s always to soon to quit!’. She ends by saying, “It is very true that if you do something that you love, the rest is history as they say.” You can view Anl?’s website at http://www.ass-atelier.de.

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How My Business Began

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My own blog…$Free

Hosting Website…$ 24.95

Marketing program…$39.95

Knowledge acquired since starting my business…PRICELESS

Recently, while playing my favorite game of Solitaire, I grew bored with the constant flipping of cards, moving hearts to one side, spades to the other that I decided to see what type of opportunities were available for making money online.I’ve never really thought of the internet as a tool I could use to reach my life’s desires as my technical knowledge lies somewhere between “how do I turn this on?” to “okay, what next?”However, what is life if you don’t take a few chances now and then?

So I opened up “Google” typed in “making money online” hit the “enter” key and presto…there they were…thousands of ways to achieve your wildest dreams!

Imagine my delight when all I had to do was send $49.95 to Joe Schmo’s “Look at me, I’m a millionaire and you can be too” program, my very own business in a box, and I too would be sipping margaritas while polishing my Ferrari on the Mediterranean coast within just a few short days!All I have to do is hang out the open sign.Fantastic!

That’s it folks, purchase my program today and follow my Super Duper Easy 1-2-3 steps to a lifetime of success and I’ll do all the work for you, set up your website, line you up with the most profitable organizations with the best products and you can just sit back and watch the money roll in.”Look at me!”If I can do it you can too.But, remember this offer is only good until midnight tonight.

Where do I sign up!Here is my credit card number, here is my address for my free laptop, here is my email and this is the PayPal account where you can deposit all my checks.Let me know when my business is up and running and I’ll see you in Bermuda.

Now, I can say that I was not overly surprised when Joe Schmo’s program proved to be less than what I was led to believe, after all, does anyone ever find financial freedom without putting some effort into it?No.The upside is that I had spent so much time surfing the net that day that I did come across an opportunity that had sparked an interest.

I discovered what you absolutely need to get started…a reputable program that follows through on its promises. If you are just starting out in the internet marketing arena it is absolutely imperative that you align yourself with people who already have proven programs in place.

Do the research.Before starting your own IM business you want to know whom the successful people are.You will find that a lot of the same names keep reappearing.These are the ones you want to emulate.These are the ones who have acquired the knowledge you need to fast track your success.

Be prepared to invest in your future.There are no “get rich quick” schemes that really work.

Have a proper business plan in place.How much time and effort are you willing to commit to your enterprise?Where do you want to be in 3 months, a year?What are you hoping to achieve?These are questions you need to ask yourself before embarking on your endeavor.

I opted to pursue a career at home in order to combine business and family responsibility.My business is focused around this objective.

Be consistent.I spend a minimum of 2 hours per day working towards my goal.Internet marketing allows me the flexibility of determining how many hours and which hours I work.

This journey has not been easy and there are times when I question myself.To combat this I have joined the most informative forums filled with knowledgeable people to point me in the right direction.I’ve affiliated myself with organizations that offer useful services and detailed tutorials.

The experience and information I have acquired in a brief period of time is not only astounding but also invaluable.Just a short while ago I had no idea what you could do with a computer, now, I can set up web pages, write newsletters, program in html codes and make money, make a lot of money.This is absolutely amazing!

Online marketing has given me insight into the endless possibilities I have at my fingertips.I can do anything.All it will require is hard work, determination and the ability to stay focused on the big picture.

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How Much Fun Are You As a Home-Based Business Owner?

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Isn’t it amazing how when something is off kilter, a series of events or circumstances arise that shines a big bright light on the situation?

The matter requiring attention is revealed one way or another whether you want it to be or not.

If you’re a coach, this may ring true more so for you. I don’t know how many times I’ve conducted a session with a client only to realize that I am in as much need of directing my attention to the very same issue they’re working on.

In recent weeks, I have allowed myself to become consumed by business activities while fitness, family and fun have taken a back seat.

Sometimes you need to burn a little extra fuel to get the rocket off the ground, but there comes a time when you have to let up on the power boosters and let the momentum you’ve created propel the ship.

If you continue to run the ship at full power, the fuel supply will quickly disappear and you may not make it to your intended destination.

Fortunately, a series of events have required that I pay attention to the imbalance I created. First, I was asked to write an article on how to build fun and balance into a home-based business while remaining productive.

Second, I paid an impromptu visit to the library and picked up Jay Conrad Levinson’s, The Way of The Guerilla, an excellent expos? on the motivations of today’s entrepreneur and the critical importance of balance, family, health and relationships.

I had no idea what this book was about until I started reading it, however, it was exactly what I needed at the time.

Third, I had a coaching session with a client in which we focused our attention on an extensive project that will involve a large group of people and require specific structures, processes, responsibilities and a compelling vision that will be embraced by every member of the team.

Focusing on the schematics of a project is often the easy part. It’s giving our self top priority throughout the process that poses the biggest challenge.

As we wrapped up the session I stressed the importance of taking care of “self” to my client and at the same time, I realized the message applied to me as well.

As you go through your day and work your plan, keep in mind these words I shared with my client …

“Your body and your mind are the vehicles that will allow you to carry out your dream. Give them top priority because without them, everything else is dust.”

I actually posted these words on my computer screen as a daily reminder to myself. If this is what you need to do to serve as a daily reminder of the importance of taking care of yourself first, I encourage you to do the same.

2006 ? Laurie Hayes – The HBB Source

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How Mothers Combat Disease In Children

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The especial province of the mother is the prevention of disease, not its cure. When disease attacks the child, the mother has then a part to perform, which it is especially important during the epochs of infancy and childhood should be done well. I refer to those duties which constitute the maternal part of the management of disease.

Medical treatment, for its successful issue, is greatly dependent upon a careful, pains-taking, and judicious maternal superintendence. No medical treatment can avail at any time, if directions be only partially carried out, or be negligently attended to; and will most assuredly fail altogether, if counteracted by the erroneous prejudices of ignorant attendants. But to the affections of infancy and childhood, this remark applies with great force; since, at this period, disease is generally so sudden in its assaults, and rapid in its progress, that unless the measures prescribed are rigidly and promptly administered, their exhibition is soon rendered altogether fruitless.

The amount of suffering, too, may be greatly lessened by the thoughtful and discerning attentions of the mother. The wants and necessities of the young child must be anticipated; the fretfulness produced by disease, soothed by kind and affectionate persuasion; and the possibility of the sick and sensitive child being exposed to harsh and ungentle conduct, carefully provided against.

Again, not only is a firm and strict compliance with medical directions in the administration of remedies, of regimen, and general measures, necessary, but an unbiased, faithful, and full report of symptoms to the physician, when he visits his little patient, is of the first importance. An ignorant servant or nurse, unless great caution be exercised by the medical attendant, may, by an unintentional but erroneous report of symptoms, produce a very wrong impression upon his mind, as to the actual state of the disease. His judgment may, as a consequence, be biased in a wrong direction, and the result prove seriously injurious to the welldoing of the patient. The medical man cannot sit hour after hour watching symptoms; hence the great importance of their being faithfully reported. This can alone be done by the mother, or some person equally competent.

There are other weighty considerations which might be adduced here, proving how much depends upon efficient maternal management in the time of sickness; but they will be severally dwelt upon, when the diseases with which they are more particularly connected are spoken of.

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How Long Will Your Home Biz Company Be Around?

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Often someone will ask me if I’ve heard of a certain company, or if I know how long they’ve been around. But the most interesting question that I am sometimes asked is, “how long do you think they ‘will’ be around?”

That last one is not only an interesting question, but it’s one that really no one can possibly have an answer to.

Just in the weeks prior to this article being written two of the World’s largest corporations, General Motors Corporation, and Ford Motor Company, had their credit ratings downgraded to junk bond status by the industry’s credit and investment rating services such as Standard & Poor’s and Fitch Ratings. And of course many people will remember Chrysler Corporation’s brush with near bankruptcy in the 1980s.

It is only coincidence that two of the largest automakers were in the news when I wrote this article, but certainly many corporate giants in numerous industries have faced tough times, including Kmart, Sears, and most of the major airlines.

Excel Communications became one of the most successful companies in the home business industry, and in American business history, only to later end in bankruptcy due to corporate greed and mismanagement.

Despite examples like those above it is certainly not all doom and gloom. In fact, with the exception of Excel and some of the airlines, such as TWA, every one of the companies mentioned above is still in business.

I started with the examples above to illustrate that no company is immune from ups and downs, regardless of how large or how well established. But that certainly doesn’t mean that you can’t stack the odds in your favor when considering home business opportunities. In fact, some of the criteria that you can use to make your evaluation are incredibly simple. But many people still choose to ignore good advice when it comes to making such decisions.

We could go into more detailed considerations of such things as company management, the lineup of products and services, etc. (all important factors). However, not only can it be difficult to judge such things, but even those and many other factors aren’t as important as the test of time.

Simply choosing a company that has been around for a while (with “a while” being a minimum of 2 to 3 years and preferably 5 or more) will automatically stack the odds in your favor as opposed to people who choose to go with risky startups and pre-launches.

Most “new” businesses fail, and that’s a fact that is now so well documented that it might as well be cast in stone. And, again, we’re not just talking about the home business industry. It’s a statistic that applies to businesses of almost every type. However, once a business is no longer, “new,” after it has proven that it can survive beyond those first critical months and years, its chances for continued success simply continue to increase over time.

There can be no assurance that even a company that has been around for a long time won’t experience bumps in the road, or even major problems, but history clearly shows that the longer the company has been in business, the longer they are likely to be able to continue to survive and be successful.

Of course, there are some who enjoy the potential rewards, and substantially much higher risks, associated with new companies. However, in reality, most people who become involved with such companies only do so because they aren’t aware of the statistics regarding business success and failure. And then also many people become so wrapped up in the hype, emotion, and sometimes even greed (of promised skyrocketing profits due to being in on “the ground floor”) often associated with new companies that they throw all caution aside and jump in anyway.

You don’t have to become as knowledgeable as a business analyst to boost your chances of success tremendously simply by following the one simple rule of picking a company that has been around for a while.

Can you or anyone else guarantee that any particular company will be around 5, 10, or 20 years from now? Absolutely not… Can you stack the odds in your favor and make it much more likely that your company will still be around 5, 10, or 20 years from now simply by avoiding startups and new companies? Absolutely the answer is yes!

The choice is yours.

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How Long Before You Make Money?

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With the exception of some not for profit organizations most people go into business in order to produce revenue (income) and profit. Unfortunately, when it comes to a home business, and especially network marketing, many people forget this important point.

In a traditional business, whether a Ma and Pa shop, or a large franchise store like McDonald’s, business owners know to watch their numbers. A business must make a profit in order to survive and, if it doesn’t, adjustments must be made accordingly.

One of the reasons for the high failure rate in small businesses, home businesses, and MLM (network marketing), is because due to the low entry costs and requirements people often don’t treat them like, “real businesses.”

Two things commonly happen:

1) Many people have the attitude that since they didn’t have to invest much to begin with they really don’t have to be too concerned about whether they make money or not, or how soon. Of course, that often ends up being a self-fulfilling prophecy. It’s not just that way with a business, but with many things in life. If you come to own something that cost a great deal or required a lot of effort to acquire you tend to appreciate it more than something of lesser perceived value.

When you consider that network marketing has made some people just as much if not more money than many other traditional kinds of businesses, with incomes of as much as $1 million a month or more being achieved, treating a MLM as if it isn’t a serious or real business is a huge mistake!

2) Because the entry cost can be so low people overlook the cost of not making money, and also have a tendency not to pay attention to how much their other expenses associated with their business (such as trips, conventions, and/or buying extra products or services over and above what you really need) add up over time.

For example, let’s say that you spend $500 to sign up for a new business. Not a lot of money at all, maybe the price of a cup of coffee a day and some change.

Weeks go by, and then months, maybe even years, and you still aren’t making any money. Perhaps you don’t think much of it because, you think to yourself, “I only spent $500 to get started in this business anyway.”

But what are the true cost? Let’s say that in addition to your startup cost you have also been spending $150 each and every month on buying your company’s products and services. (Perfectly ok if you enjoy and use all of the products you buy; not ok if you are buying more than you need simply to qualify for a certain level with your company!) And let’s also assume that you are spending $50 a month on meetings, conventions, or seminars (many people spend much more).

So, even though you really haven’t paid much attention because you only invested $500 to begin with, if your business hasn’t yet started making you money then you are really spending AND LOSING $2,400 a year, in this hypothetical example. And, here again, in reality many people often end up spending much, much more.

Going back to the example at the beginning of this article about a traditional business, like a McDonald’s. Those kinds of businesses often have much higher costs associated with them, such as a store lease or mortgage, equipment leases, payroll, etc. It isn’t uncommon for a traditional business to have to operate for months or years before making a profit.

In contrast — though networking marketing is NOT designed necessarily to make you a very large amount of money overnight — you can and should be able to generate an ever increasing residual income for yourself over time, and starting in relatively short order.

Everyone approaches a new home business differently. Some people prefer to roll their sleeves up and dig right in, expecting to start making money almost immediately. While others prefer to first spend time learning more about their new business, and/or obtaining any available training. So it’s acceptable, if you choose, to take a few weeks or even a month to “prepare” for your new business. However, especially if it is your goal to start making money right away, it is entirely realistic with most networking businesses to start earning viable amounts of money within as little as 30 days.

Certainly within 90 days you will want to start seeing some kind of payoff in return for your efforts. And no more than 6 months should go by without positively starting to see income coming in. In fact, ideally, you should try whenever possible to not only earn enough money to cover your original startup costs, but you absolutely should be making a profit (in other words, extra money) within this time.

If after 30 to 90 days, 6 months maximum, you are not making a profit, you should seriously reevaluate!

To summarize:

1) Always remember to track ALL of your directly related business expenses, including how much you spend on leads, products and services, meetings, trips and conventions, training, etc. You must add these expenses to your original startup costs.

2) Subtract how much money you’ve earned from the number above (your total expenses) and this will tell you how much money you’ve made (profit), or how much money you’ve lost and/or are losing.

3) To repeat: If after 30 to 90 days, 6 months maximum, you are not making a profit, you should seriously reevaluate!

Don’t continue down the same path if you are only spending more money than you are making, and not making any profit in return.

Remember, except for a not for profit endeavor, the purpose of being in business is to make money. And in order to make money you have to actually make more money than you spend.

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How Do You Win At Home-Based Business? Hit The Floor Running

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Every morning in Africa, a gazelle wakes up. It knows it must run faster than the fastest lion… or… it will be killed.

Every morning a lion wakes up. It knows it must outrun the slowest gazelle… or… it will starve to death.

It doesn’t matter whether you are a gazelle or a lion, when the sun comes up… you better be running.

****

With no boss breathing down your neck or clock to punch, It can be so tempting to stay in bed one hour longer, to postpone picking up the phone and contacting that prospect, or to focus your time and energy on the easy and fun stuff and put the unpleasant stuff off until later.

One of the core competencies you need to succeed at home-based business is DISCIPLINE. You are now responsible for your success 24/7 and if you aren’t doing what is required to succeed, there won’t be someone to come along behind you and clean up your mess. It’s do or die, eat or be eaten.

To truly succeed as a serious home-based business owner, you need to be strong-willed and self-disciplined. You also need a solid, thorough, written plan to keep you on track and in constant motion.

To ensure continuous momentum, you can plan your daily activities a month in advance, or even weekly. Some people prefer to dedicate each day of the week to a different task, for example:

Monday – marketing
Tuesday – business building
Wednesday – customer relations

… and so on.

Others prefer to perform a variety of tasks on any given day, for example:

Monday – marketing (morning), business building (afternoon)
Tuesday – customers relations (morning), industry research (afternoon)

The most important factor here is have a Plan and stick to it.

Although most people start a home-based business to create freedom, many of them fail to recognize the critical importance of a structured plan.

No plan = no business and no business = no freedom.

So remember, hit the floor running each morning, keep ahead of those who are following behind and overtake those in front of you. Whether you’re the lion or the gazelle, you’ve got to run!

2006 ? Laurie Hayes – The HBB Source

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