If you treat your business like a business, it will pay you like a business. However, if you treat your business like a hobby, it will cost you like a hobby.
If you purchased a franchise, would you expect it to make money for you if you worked it a few hours a week? Or, you didn’t follow the proven guidelines of the creators of the franchise, of course not! Therefore, your home based business is no different.
“Unless commitment is made, there are only promises and hopes; but no plans.” Peter F. Drucker. The fact is anything worthwhile in life requires effort and commitment. It’s the same thing with having your own business. “There are only two options regarding commitment. You’re either in or out. There’s no such thing as a life in-between.” Pat Riley.
These are some ways to treat your home based business like a business:
1. Have the Right Mindset
You have to change your mindset from employee to employer. You are the boss, and your business depends on you for its survival. Therefore, you have to impress on your subconscious mind that you are committed. You will not quit. You will do whatever it takes to make your business a success. It is only with this mindset that you will succeed.
2. Create a Plan
“Failing to plan is planning to fail.” Create a game plan, so that you can lift your business off the ground as soon as possible. Your plan is your road map. It will define where you want to go and what you want to achieve. It gives direction to your business. Then, you have to set goals to achieve what you plan for your business.
3. Invest in Your Business
Time is needed to do the moneymaking activities such as marketing, networking, prospecting as well as daily activities of running a business. You have to establish your hours of business, and schedule it. Time is needed to get the training and education you need to expand your understanding of your business.
You need money to pay for the cost of doing business, advertising, training and education. Additionally, you need to associate with like-minded people in your field of business. By doing this, you can learn from them and emulate what they are doing right.
4. You Need to Track Your Results
You have to track your results to know what’s working and what’s not working. Daily, weekly and monthly tracking can be done. Some of the things that you can track are phone calls, appointments, presentations, enrollments and more. You can see exactly what is going on, and you can make the necessary adjustments. Tracking is the most important thing you can do as a business owner.
5. Avoid Distractions
Works for 50 minutes then take a 10-minute break; this will help you to be more productive. Close your office door and focus on the task. Do not multi-task; your brain does not like it. Only check your email and facebook a few times a day, and don’t send more than half an hour each time, then get back to your next task. “There’s no scarcity of opportunity to make a living at what you love. There is only a scarcity of resolve to make it happen.” Wayne Dyer.
Remember it is impossible to achieve success in life or attain our goals without commitment. “You need to make a commitment, and once you make it, then life will give you some answers.” Les Brown. Are you looking for a home based business to make a commitment? SFI is that business!
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Thank you Terri and Merle for you continued support in reading, commenting and sharing my blog post.
Excellent post Nichola and having the right mindset is a great start. Too many people want to treat it as a hobby and not a business. Thanks for sharing.
Excellent tips Nichola you have shared in this post. I especially liked the quote by Les Brown. Thank you for sharing your wisdom in the community. Shared via Syndication Automation, Google plus and Pinterest.