5 TIPS for Home-Based Business Entrepreneurs
January 23, 2008
Have you ever heard that only a small part (5%) of ‘all’ Home-Based Business entrepreneurs achieve success?
Do an online research on your favorite Search Engine and you will understand what I mean.
In this article I’m going to show you the KEY to Home-Based Business entrepreneurs success; you’ll find out what makes an entrepreneur succesful in the home-based business field.
Below are 5 TIPS for Home-Based Business Entrepreneurs:
1. It’s their mindset that brings success
Serious entrepreneurs have ‘programmed’ their mind to succeed no matter what. They don’t lack focus on their home-based business and let nobody stop their plans in achieving what they want.
They know what they want and they have the DESIRE to succeed. If you don’t know exactly what you want when it comes your home-based business, think about it again and re-consider your plans, what you want to achieve, a get-rick-quick or a profitable, long term business.
2. It’s their start-up plan that brings success
Smart entrepreneurs know that it takes time to set-up and grow a profitable home-based business. They plan to succeed. They have a start-up plan that might fail but they never give up and start again with a better plan.
Traits of The Successful Entrepreneur
December 26, 2007
Want to know why certain people succeed and others don’t. Well successful people have certain traits? Do you have them?
Business has changed a great deal over the years. We now have computers, the internet and because of the internet - web pages, email and everything else that comes with it. Our telephone system has changed dramatically with the advent of cell phones and voice mail. However, even with all the technological advancements the traits that make a person successful in business can be traced way back when to our grandfather’s day. So before you decide you want to go into business for yourself, check and see if these traits are part of your make up.
Are you a person who sets goals? Most successful people have always set goals. They started at a very early age. They might have set the goal to be the best in a certain sport, or in a specific subject in school. Or if they wanted something, and knew that their parents couldn’t afford it, or wouldn’t spend the money for something, they earned the money themselves. They did this by setting up the lemonade stand, mowing lawns for neighbors, or delivering newspapers.
Electronic Tools for Entrepreneurial Success
November 28, 2007
"Half of any job is having the right tool" was one of the earliest lessons I learned from my father growing up on a farm in Nebraska. As an organizing and productivity consultant, it continues to serve me well.
As a business owner for over 20 years, one of the principles it took me too long to learn was that the reason for owning a business is ? or should be ? to develop something of value that you can one day sell to someone else for a profit.
Unfortunately, many entrepreneurs have a service or product that is, or could be, of great value to others, but their lack of business skills is a huge stumbling block to success. Fortunately, technology is solving much of that challenge. In my experience, there are three electronic tools that are essential to creating a business you can someday sell: (1) a contact management program, (2) a financial management program, and (3) a filing system management program. These three programs will manage all the aspects of the administration of your business ? and provide a method for you to get out from under the mounds of paper that harass most entrepreneurs!
7 Lean Marketing Laws For The Inspired Entrepreneur
October 30, 2007
The following laws will provide guidance on how to act,think and work in a lean way. You can apply these laws toall areas of your life, work and business to get biggerresults from the time you invest.
1. Multiple RewardsAim to be rewarded multiple times for a single effort. Moneycan be recovered but time cannot. Time gets spent. You can’tput it in a bank and you can’t earn more of it. Whereverpossible, you should look for ways to get paid/rewardedmultiple times for each hour you invest. You will neverbe truly independent if your income comes from your owntime and labour so package your knowledge as a product.Once you have aproduct you can sell your packagedtime again and again.
2. Mistakes Are GiftsMistakes are nothing more than “Learning Opportunities”. The best way to learn more and grow more is to make moremistakes. Mistakes are unavoidable when you’re learning soadopt a ready, fire, aim approach to decisions and learn asyou take action. If it doesn’t work you can easily makeanotherdecision to put things right again.
3. Know When To StopBe prepared to stop what you’re doing. Take stock and trysomething different. Don’t let pride, fear of ridicule orego get in the way of good judgement. When a mission isover, learn from it and move on.
Lessons Learned from Successful Entrepreneurs
October 3, 2007
Entrepreneurs are a special breed of high achievers. They create things, get things started: businesses, clubs, churches, associations, even nations. Their motivations vary. Not all want to be rich. Not all want to produce a Fortune 500 company. Some are motivated by pleasure or civic pride or the desire for fame. Mary Madden, president of Information America, told me she and Burton Goldstein started their company because it gave them freedom and flexibility.
Entrepreneurs see a world that is incomplete. It probably does not yet have what they intend to create. If it does, it needs something else they just thought of.
They differ markedly from one another. But there are similarities. One of the most prominent similarities is the ability to perceive clearly. The ability to perceive clearly is important to many high achievers, but essential for the entrepreneur. Here is what the entrepreneur perceives:
Voids. A college student, Frederick Wallace Smith, conceived of a dependable overnight delivery system for letters and small packages. It would require a vast network of planes, trucks, messengers and electronics that did not then exist. That perception led to Federal Express.
10 Ways Entrepreneurs Shoot Themselves In The Foot
September 3, 2007
Entrepreneurs and their businesses have a tendency to ambush themselves when they aren’t looking. This affects how much revenue they can generate, how fast their business rises, and even if they survive after the first few years. If you feel there is a possibility you are getting in your way to success, review these elements to see if any of these items might apply.
1. Imagine investing time and money into a product or services, only to find that it isn’t selling. Or at least it doesn’t have the results that you expected. Now, I’m talking realistic here, and not some grandiose vision. It’s hard to give up something when you have invested your resources into something, more importantly, you have spout off to the world (okay, friends and family) that you were doing it.
Gluing yourself to an idea, product, or service that isn’t making any money or enough money to support the business isn’t smart. Ego and pride don’t make money. Getting hitched to any one idea, or even two, that isn’t profitable isn’t smart. Every product climbs and falls — even McDonalds drops a product when it doesn’t test strong. Ideas are the currency of entrepreneurs, make money with them or let them go.
Reducing the Stress of Being an Entrepreneur
August 8, 2007
Starting and running your own business can be exciting and rewarding, but it can also be very stressful. For most of our almost 40 year marriage my husband has been an entrepreneur and I have sometimes worked with him. Having built my own business as a Stress Reduction Coach I have been reflecting on the stresses of being an entrepreneur.
Signs and sources of stress
Some of the signs of stress overload include irritability, anxiety about the sustainability of the business, and/or high business debt. Relationships within the family can suffer if they do not understand the entrepreneurial drive or the time and effort it takes to start and run a business. For women entrepreneurs, the job of running the household and balancing work and home can create enormous stressors. When you work from home, all the household tasks that need to be done can pull you away from your business. People who are drawn to be entrepreneurs are sometimes idea people who don’t like detail and repetitive tasks. Having to work on those things can create stress as well. And when you’re stressed it’s harder to concentrate and focus.
Organize your environment
10 Essential Tips for Starting Entrepreneurs - Ignore these at your Peril!
July 9, 2007
1. Do What You LOVE: If you’ve chosen your business because you read that this niche was the next hot one, or because your favorite uncle (or your best friend) thinks you’d be well-suited for this business, you may as well pack up now and save yourself some time and money. If you don’t love what you do, it will show…potential customers will know it and will go elsewhere. Is it possible to be successful anyway? Sure — but it won’t be easy and it won’t be fun…and isn’t that why you want to be in business for yourself anyway?
Instead, choose what you love. You’ll know what that is when you find yourself being incredibly productive, forgetting the time passing by, and not being able to wait to get up in the morning to do more! At Solo-E we call that being juiced…but whether you call it being in the flow, or the zone, or whatever, FIND IT!
2. WRITE DOWN Your Business Plan: As a small or solo business owner, you still need a business plan. Even if you aren’t getting a loan! Would you invest thousands of dollars of your own money buying stock in a company that didn’t have a written prospectus? (I hope not!) Then why would you spend thousands of dollars AND hours of your precious time on a business that doesn’t have a written plan?
The 9 Key Distinctions of Successful Solo-Entrepreneurs!
June 13, 2007
SUCCESSFUL Solo-Entrepreneurs approach life and business from a perspective that is new, fresh, and rather unorthodox. The differences are subtle, yet significant. These distinctions are more than just fads or interesting tips; they are direct, measurable SHIFTS in how you will approach your business, your personal life, your relationships, etc. - for the rest of your life! They are direct from the experience of hundreds of successful solo-entrepreneurs!
First, one pre-distinction. We are not talking about "habits" in this article. There’s really nothing wrong with habits, except that you are still looking at habits. And, you probably already knew the habits before you even read about them?you just weren’t getting them to stick.
The problem with habits is that it’s easy to backslide because they aren’t really YOURS. You haven’t really owned them. Just when you are about to decide they are valuable and working, something comes up that throws a twist in the whole thing and there you are back again, living your same old habits.
Herb Filled Pillows Make Over a Million Dollars
May 15, 2007
Lauren Rosenstadt was a single mom working at a herbcompany in Bethesda, Maryland. A herb (pronounced “erb”) isa plant that has medicinal, savory, or aromic qualities. Oneday while at lunch with a friend whose daughter sufferedfrom insomnia, Lauren thought, “If I could fill a pillowwith herbs, that would be soothing and help my friend’sdaughter sleep.”
A few days later, Sydney Greensheep, a pillow shaped likea sheep and filled with dried herbs, was completed. Laurengave Sydney to her friend to try with her daughter. Thenext morning her friend reported, “It’s unbelievable, sheslept like a baby!”
Insomnia is epidemic in our fast-pased American lifestyle.40-50% of Americans complain of occasional bouts withinsomnia. 10-15 percent of the US population suffers fromchronic insomnia. Every year, as many as 10 millionAmericans seek a physician’s help for sleep disorders. Asmany as 10,000 automobile accident deaths each year are theresult of someone falling asleep at the wheel.
Lauren showed Sydney to her boss, who was impressed enoughto provide her with space in the company’s booth at a tradeshow. Many trade show visitors liked the herb stuffedpillow idea, and by the end of the show, Lauren had ordersfor over 100 pillows.
