Thoughts from a Successful Entrepreneur

It constantly amazes me how often I see or hear about the “warnings” on the web about home based opportunities and the pitfalls, traps, scams and villains who perpetrate them on “unsuspecting” victims. Are the real “scams” easy to find or is the “voice of doom and gloom” scaring people away from opportunities that can and do provide a future to those who are able to follow in the paths of the teachers and learn how to do it for themselves. I, of course, would never tell someone to “pay for a job”. On the other hand, I don’t know of any real business that will generate real income that does not require capital to operate.

First thing that comes to mind when thinking about “scams” is one of those money deals where you “buy” in and get a daily reward for clicking on web links – now anyone who thinks this is a legitimate business is someone who requires daily care and a guardian.

Most of the time the opportunities that people say “beware of” are real businesses based in network marketing. These businesses have all the necessary parts of a “brick and mortar” without the need to have a building someplace outside of your home to use for your business. All have some variety of fixed business costs, i.e. telephones, internet, web sites … the costs that part of any business you can find. Additional costs are marketing and in some or many cases requirements for product purchase or participation to place you and keep you “in front of the money flow” and allow you to receive the profits. How much or how little is a reasonable amount to qualify and stay qualified is a variable that is up to the individual. In our business the fixed costs are less than two hundred per month and we qualified by a process where our purchases were counted. We are also able to “leverage” the time and efforts of others in our business to increase our income.

How can you tell which one is right for you and whether you can or will be successful? I’d say that starts by asking yourself a series of honest questions.

  1. Do you want to have business or a job? Simplistically put a job is where someone else pays all the costs and gives you a small amount for your efforts – it could be commission or “fixed” compensation and you will always be making more for them than you will make for yourself. A business requires your money upfront and pays you the lion’s share of the reward.
  2. What is your income goal and what kind of income can you see for yourself? Are you capable of thinking in terms of hundreds of thousands of dollars per year or are simply looking to make a “few extra dollars” to make ends meet.
  3. Are you willing to do the things necessary to create your own success? Successful people make difficult decisions that the unsuccessful ones are not able or willing to do.

The first step in taking control of your future is to improve your “best thinking” … Albert Einstein said that you cannot solve a problem with the same quality of thinking that created it. Read books about personal development. Think and Grow Rich by Napoleon Hill, The Traveller's Gift by Andy Andrews are two that I like to get started.

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