When starting a business venture, especially when you are presented with a home based business opportunity; fear is bound to be present as you may be treading on unknown territory. The fear of failure prevents many an entrepreneur from achieving the much needed success in their business. Starting a business is a step towards self growth.Your attitude is the main factor behind achieving success. You need to overcome your fears by doing considerable research before embarking on a home based business opportunity. Try to gear your fears towards motivation. You will overcome your fears only by taking risks and by emulating other successful business owners.Overcome fearYou need to set goals in order to get motivated. Why are you starting a home based business? What do you intend to achieve in the long run? What are your fears and how do you aim to overcome them one by one? Is lack of confidence in your abilities preventing you from going ahead?Once you start addressing these questions, you will know where you stand in your journey towards success. When you face an adverse situation in business, don’t get depressed; instead work towards setting right the situation.Take risksThe only risk in a business venture is not taking any risk at all. Only if you are willing to take risks will you open up hidden opportunities and hence bring in profits. If you are not willing to take new steps, you will never know how you may have benefitted. If you do fail, don’t let it hold you back. Failure is part of growing.Analyze your mistakesCommitting mistakes can actually teach us new learning. Mistakes teach us what we need to do and what should be avoided. The stigma of being branded a failure has prevented many from achieving success.Taking stock of your mistakes and not repeating it again by taking a new direction will make you a lot wiser, mature and confident. Of course confidence will give you the motivation to surge ahead instead of holding you back.Equip yourself with skillsMany business owners fear that they don’t have enough experience or skills to get involved in a home based business opportunity. You can overcome this fear by getting the right training and education necessary to start a business. Laziness is usually at the root of failure. Work diligently towards achieving your goals. Confront your fears rather than trying to avoid them.When exploring a home based business opportunity, overcome your underlying fears and motivate yourself towards your goal of achieving success in your business. Be fearless, have faith in yourself. The journey can be exhilarating.
Home Based Business Opportunity – Converting Your Fears Into Motivation
Are You an Entrepreneur or a Small Business Owner?
Do you want to be an Entrepreneur or a Small Business Owner? Is there a difference, and does it matter?There is a difference, and it’s easy to confuse the two or use the two terms interchangeably. A Small Business Owner owns their own business, but also actively participates in that business. Often the Small Business Owner is critical to the ongoing success of the company. Without him or her, the business either does not exist (i.e. medical, legal, accounting, consulting, freelancing) or would suffer greatly in the owner’s absence for any period of time.We often use the term “Solopreneur” to refer to the individual practitioner who is their own boss but must personally deliver a service or create a product for their business to generate revenue. While this may certainly be better than working for someone else, it’s still about trading time for money – and time is our most limited resource.Whether you are a Solopreneur or a Small Business Owner, you likely own a business that depends primarily on you. Perhaps the business is run by you and a couple of other founders. The point is, only a few people know and can execute on the secret recipe at the foundation of your business. And those key people must be present for the business to operate.An Entrepreneur instead builds a business and supporting systems that are independent from the founder. The founder may well be an integral (or exclusive) part of the businesses initially, but the goal is always to grow the business to the point where the owner does not have to be involved in day-to-day operations. When you build a business that continues to generate revenues in your absence, then you have created a truly leveraged model and can call yourself an Entrepreneur.Many of us start as Small Business Owners, enjoy success, and grow our companies. We may then move on to creating a larger business that does not require us to be present, and we graduate to the level of Entrepreneurship. If we repeat this multiple times, then we may call ourselves Serial Entrepreneurs.”Entrepreneurship is the pursuit of opportunity without regard to resources currently controlled.”
Howard Stevenson, Harvard Business School Professor.
You may not be clear at the start as to which one you want to grow up to be, an Entrepreneur or a Small Business Owner. But by asking yourself a series of hard questions, and honestly assessing your true desires, you are more likely to start a business that suits you best. And it’s certainly acceptable if you want to be Small Business Owner… we are not saying that’s a bad thing. But it’s important for you to begin understanding the difference between the two as it may impact the type of business you build and how you plan to develop it.It’s also important to avoid creating another low-paying harder-working “job”, like the one you may already have! Michael Gerber explains this situation best in his seminal book “The E-Myth”. This book is a must read for small business owners, with one of its major themes being the difference between working “in” your business (you make the pies) versus working “on” your business (others make the pies following your recipe and systems).As you prepare to become your own boss, or if you have already started a small business, it’s important to keep your long-term vision in mind. Doing so will help you determine the type of business you start and build, helping ensure that you achieve your definition of success.Do you want to be an Entrepreneur or a Small Business Owner? Here are some questions to ask to help you determine want you really want:
Do you want to own just one or two locations (i.e. one or two franchise units, or your own practice) or do you want to create something bigger with multiple locations and perhaps grow internationally (i.e. offer franchises and hire others to run the business)?
Do you want to work in the business (i.e. make the donuts) or do you want to have someone else manage the day-to-day operations (i.e. someone else makes the donuts following your instructions)?
Are you looking for a job or are you looking to create a self-managing company (a business that does not rely on your day-to-day presence for success)?
Do you prefer to create or do you enjoy executing?
Do you envision creating multiple different businesses across multiple industries?
Are you able to let go of all of the details, or are you a micro-manager?
Are you the only person who can deliver your service or product, or can you teach others how to do it?
Is your goal to work hard until a certain age and then retire, or continue creating and leading your businesses until you are no longer mentally capable?
Can you sell your business as it currently operates and without you having to continue being part of it?
A Highly Recommended Home Based Business Startup Opportunity
So you’re obviously interested in a home based business startup opportunity that can enable you to make a living online otherwise you would never have arrived at this article. No doubt you will be looking for an opportunity that is legitimate and has real potential to earn you some residual income. Well if that’s the case, keep reading because this is exactly what you have been looking for.Before we speak about the opportunity, let’s look at the facts. It may surprise you to learn that one third of all searches conducted on Google and Yahoo are people searching for other people. In fact if you don’t believe me, I invite you to type people search into the Google AdWords Keyword Tool and check out the results yourself. Globally speaking this search returns a result of 55,600,000 searches on this keyword every single month. This is a massive niche that has grown consistently and continues to grow.If someone is looking locate someone online they want not only a service that is free to use but they also want fast accurate results. Now when it comes to your competition, they offer a people search engine that returns the results but at a cost to the user. Your home based business startup opportunity provides this service free of charge so you have a significant edge over your competitors.Now, perhaps you are wondering how does this benefits you?This niche can be targeted to give turn your home based business startup into a very lucrative business indeed. When you sign up you are given your very own people search engine and when people conduct searches using your search engine you get paid commissions from 5 integrated income streams. This is one of the most reputable home based business startup opportunities on the internet without a doubt.Branding your search engine with its own personalised domain name is the only cost you will incur but this is a very small price to pay for your own profitable search engine. Having your very own branded search engine that can generate huge commissions has to be one of the best home based business startup opportunities you are likely to get your hands on. Now just when you thought it couldn’t get any better, you will be pleased to learn that you also get referral bonuses and a real opportunity to generate even more residual income. You even get paid $125.00 as soon as you refer $75.00 worth of prospects..Your people search engine will be advertised for you for free on Google, Yahoo, and MSN so you can benefit from it quickly. But you will then need to M.A.P. your search engine. This basically means you monetize, advertise and promote your search engine. The more you do this the more you earn and it’s as simple as that.This is a home based business startup opportunity that you shouldn’t let slip through your fingers. I have personally jumped from one scam to another but by since November of last year I have been very profitable using this system. Acme People Search is one of the most reputable affiliate marketing programs available to budding entrepreneurs.It is free to sign up so you stand to lose nothing by at least trying it out. Nothing ventured, nothing gained!