How Home-Based Business Entrepreneurs Think

December 22, 2007 by Proven Home Business.

How Home-Based Business Entrepreneurs Think

By Dinar Wiria-Atmadja

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Too many people are trying to start their home businesses with an ordinary employee’s way of thinking. This has become a common reason why not long after sitting down and giving it a fair look into even the most lucrative business opportunity they bump into, they put it away and decide not to take any chances.

What has happened here is that the most lucrative business opportunity has been looked into by an ordinary 9-to-5-worker, who appears NOT to be business-minded.

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If you are like most people, you have probably considered starting your own business yourself. But above all, you have to understand that to make into a successful Business Entrepreneur, one has to change their way of thinking first.

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1. DO NOT EXPECT FAST CASH!

Besides gambling or winning a lottery, working as an employee is the only way to get ‘fast’ cash… ‘fast’ as in ‘in-25-working-days’. This kind of cash is always certain to come in as long as you work from 9 to 5 for your boss. But as you probably already know it, as soon as you stop, the money stops. (See FinancialFreedomAwaits.com).

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True entrepreneurship-minded people know that it takes time to develop an ‘attack plan’ for their businesses. It takes time to build a strong and solid business, which delivers ongoing income through many years.

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True Business Entrepreneurs hold on to this truth, “We reap what we sow, but the harvest is never in the same season as the planting.”

Change your way of thinking:

DO NOT EXPECT FAST CASH!

2. AIM FOR JOB SECURITY OR FINANCIAL SECURITY? Employees would rather have job-security. Why? Simple: the income is secure. As long as you loyally work from 9 to 5, you will for certain get your cash! The problem with a typical job is that when you stop, the money stops.

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The stark fact is: one day you might get sick and won’t be able to go back to work. Sooner or later you will retire. Companies get broke and have to release their employees. No matter what the situation, as soon as you stop working, the money will stop coming.

So much for secure income…!

A job with secure income is necessary for those who has not set up their own business yet. True. But a true Business Entrepreneur won’t settle merely for job-security. He aims for much more, such as financial security. No, he won’t have fast cash. And no, he won’t have any secure income yet - at least not in the beginning. And often, he won’t have any income at all from his new business for the first few months.

Tip! Don’t waste your time on cynics. It doesn’t matter what type of business you have, these people will never succeed in any home business.

Business entrepreneurs think of the big picture. What they do is building assets from which his money will come in month after month, year after year from work he is doing now! The money will not come now. It might not even come for the next few months. But as soon as his business is up and running, it will keep generating income for him, even when he chooses to stop working!

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And THAT is financial security!

Change your way of thinking:

THINK OF THE BIG PICTURE: AIM FOR FINANCIAL SECURITY!

3. GENERATE PASSIVE INCOME

Financial freedom is not measured by how much money you earn by working, but how much money comes in with only little or no work at all. This later kind of income is called passive income. This fact has been known for decades by real wealthy people.

Successful and wealthy entrepreneurs do only little work and sometimes it is even possible to do the work only once but still generate recurring income on it. Imagine a song or a book writer. They write their songs or books once but get paid forever on it. This do-it-once-get-paid-forever type of income is called residual income.

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Most people who have attained financial freedom have other people working to generate income for them. Earning money by other people’s effort is called leveraged income.

As hard as it may seem, to create leveraged income, you need to have your own business where other people work to generate income for you. Any business. Whether it is a traditional business, franchise, small business, internet based or home based.

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Employees work to generate secure income. Business Entrepreneurs work to build assets with income streams which generates for him ongoing passive income (either residual or leverage income or both). In other words Business Entrepreneurs work to build himself -what I would call- a ‘money-machine’ which is designed to generate ongoing income.

Whereas the Employee can not stop working because otherwise he will lose his income, the Business Entrepreneur will have money coming in constantly, even when he chooses not to work, simply because it is his assets that generate residual and leverage income for him.

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Change your way of thinking: TAP INTO PASSIVE INCOME BY GENERATING RESIDUAL & LEVERAGED INCOME!

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4. INVESTMENTS

It is common for people who seek job security to hesitate to invest. The reason is understandable: for some of us the risks of investing in a business are just too much to handle.

A true Business Entrepreneur understands that in order to build -what I would call- a ‘money-machine’, investments are necessary. There is just no such things as businesses without investments. He knows that it takes time and effort to develop a successful business. But he also knows that investing money is just as important!

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Sometimes it takes the Business Entrepreneur a year or two before he can finally reap the big success. Sometimes even a bit more. It takes a couple of years of investing time, effort and money. But this is not too hard for him to handle. A true Entrepreneur thinks long term. He knows that in the end, his working and money investing will finally pay off!

A Home Based Business Entrepreneur would only have to invest just 5-10 hours a week for a couple of years and he would only have to make low budget investments into his home based business. And at the end of the time of working and investing, our Entrepreneur would have turned it into a significant amount of residual income stream!

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I’m not talking about money that comes in today and is gone tomorrow but income that keeps coming in month after month, year after year… money that -as Gery Carson has put it- “when you’ve left this planet continues to provide for your spouse, children, or grandchildren.”

By then you would think that all your valuable time and money you have spent would be worth it.

Commonly an ordinary employee, who fears too much to invest, works hard to receive his pay check every month. Most likely he even retires broke. Before he knows it, he leaves the planet with nothing to leave for his family.

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A true Business Entrepreneur is prepared to invest. He knows by investing in his business he is building assets that would generate passive and residual income for him throughout his years on this planet and the years of his grandchildren.

Change your way of thinking: THINK LONG TERM: START INVESTING!

Dinar P. Wiria-Atmadja writes for FinancialFreedomAwaits.com, helping families and individuals achieve financial freedom in years instead of decades.Visit the site here at http://www.financialfreedomawaits.com You are free to publish this article to your site as long as you include the resource box with the author’s name and an active link to Financialfreedomawaits.com and the article is not changed.

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Home Based Business….Is it for You?

December 10, 2007 by Proven Home Business.

Home Business is a booming trend with no end in sight and more people are doing successful business at home today than ever before.  Most articles on home business and start-ups focus on the strategies and tasks required to get a business up and running.  Yes it’s easy to start a home business, it’s not so easy to make money though. 

The Internet is one of the last available frontiers for the average individual to make a run at a lucrative self employment.  Knowing what your Product Market looks like before you try to sell Products in it is a very important concept for your Home-based Internet Business.  But what if you don’t want to run an Internet business.  To Make Money by operating an Internet Home Based Business is not as easy as most people wish to think. 

You might be in the situation where you have countless ideas, but at the same time this can be a huge time waster if you don’t know how to market it well and get it into action.  Million dollar ideas are a dime a dozen.  I struggle all of the time with these things and see this in other business relationships where there are so many ideas, but hard to know how to funnel that fully into one source. 

To be honest, a lot of them are scams and schemes, so you have to be very careful when choosing any business opportunity.  Don’t pass up an opportunity to use your talents, education, skills, and create multiple streams of income. 

Start your own business at home with your family by your side.  If you start a home business, you will need to devote a great deal of time to its operation, including time you may have to subtract from family and other activities. 

Get detailed answers and practical solutions to the most frequently asked questions about starting and running a home business or small business.  If you have any questions about me, or about home business opportunities in general, I will be more than happy to answer them.  There are thousands of work at home jobs and home business opportunities on the Internet.  Thousands of online entrepreneurs like yourself, start their own home business online each year or take the first step in promoting a network marketing business or affiliate program.  Take advantage of my home business experiences over the last 18 years I can be of help in insuring your online home business success.

Jay Olivo

Lindenhurst NY

631-884-0895–Home

www.JayOlivo.com

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