The Home Business Industry from a Savvy Investors Perspective
Not long ago, my husband and I decided to learn how to invest in the Stock Market and Real Estate. We chose to invest the time, energy, and money it took to learn investing. We knew very little so it was a learning adventure to say the least, but has been well worth the “price” it takes to get to where we are today.
I frequently chuckle when acquaintances who know we are in Real Estate ask “are you doing ok?”. With the current housing crunch, many people who have not been educated on investing are truly showing concern. There is a tendency to lump all real estate into a single category and assume that because a consumer sector like single family housing is doing poorly an long term investment sector like apartments should be struggling as well. Not so.
Oddly enough, many friends and family have watched us grow, seen our success, and now ask for advice. It’s a blessing to help enhance their lives because of our success.
I am continuously grateful for our changes and growth and the principles I have learned and how I can apply them to other areas of life. I grew up considerably poor, even by American standards, so being financially educated is so valuable to me. I want to help you apply some of these ideas to the home based business industry.
To be wealthy, you must learn to think like the wealthy think. You must transform your mind and yourself. That is a fundamental begining. If you notice, many who win the lottery end up worse off emotionally and often financially because they never had to change inside. They felt that they didn’t deserve it so it was given away or spent quickly rather than reinvested. I don’t want that for you.
As an increasingly savvy investor, I understand how important it is to have the proper mindset about money. I understand why you should have several streams of income. I also know what I look for in a new venture.
One of the most critical components to a business opportunity is the quality of education that comes with it. The education should include personal success and business techniques, as well as product education. The rich choose education over entertainment.
Many people need business education because of the deep fear they have of losing money to the point of paralysis, and others have so much guilt about how they do manage it that they try to drown it with spending. Get a financial education!
Your background in school does NOT matter. I know many slow learners who have become incredible successful because they chose to learn despite their learning abilities or reading level. Discover the power of passive income, learn about using compound interest to your advantage and you will be better off.
Get out of your TV habit or learn to record for later after your work and learning is done. Many people get rid of their TV initally. If you keep doing what you are doing you will stay where you are at financially.
The company I am involved with makes sure that all of it’s members have access to two types of education and products:
A) Business Owner Education and products (books, podcasts, etc) B) Marketing/Advertising Products and education (Books, software, videos)
Most small business owners think like employees. We teach owners to use good business principles and ideas. We want them to think like those who are wealthy. If you want to check it out, Click Here.
56% of businesses fail in their first 4 years, and the number goes up at 5 years! According to the Small Business Administration website, lack of education on the part of the business owner is one of the primary reasons for the failure rate. So this type of education is critical.
Another huge reason people fail in a business is lack of marketing skills. I have spoken with numerous Network Marketers who are seriously lacking in knowledge of how to market their business and bring in new associates. Without new customers, they stagnate or fail. That is why this company’s product focus is on marketing and education. Click Here to hear the owner talk further about this.
Understand, as the rich do, that time is infinitely more important than money. You cannot buy back time, but you can get more money.
So because time is important, you must learn to set up systems that work your business for you. You should be able to get to a point where you are basically hands off.
It takes time to get the systems in place. To me it’s like building an the Alaskan Oil Pipeline. Once you have systems in place your time can be focused on other things and still have a large income streaming in because the business can be highly automated.
The rich don’t work for money - they learn to make money work for them. This principle has revolutionized my life. In reality, at a job (just over broke) you are renting your time to someone else who will never fully reward you for it’s true value.
The rich use the power of leverage. In the financial world, leverage is using given resources in such a way that the potential outcome is magnified.
When you build a team or a system, you are leveraging those resources (time, money, effort) to magnify your results and it becomes very powerful. This is why building a team in a home business is critical to your success. Learn to be a leader - get educated and then use the power of leverage. Check out the power of money leverage bu looking that the compensation plan on the lower part of my business web page. Click Here.
Since my time is valuable to me and I already make Million dollar decisions, I want my efforts to be well rewarded, don’t you?
Here are some stats about the Home Based Business industry that make it very exciting:
Every 2 seconds someone new joins the internet community.
Someone joins a Home Based Business every 11 seconds.
And the market for web traffic/marketing products right now is over 100 million. It’s a massive market that will only continue to grow.
What many people don’t understand is that the home bases business industry, still in it’s infancy, is about to explode. When the economy is bad, people look for ways to supplement their income.
If my business is not a good fit for you, no problem - keep looking until you find that good fit! Click Here for my web page.
As business experts, both Donald Trump and Warren Buffet bought Network Marketing companies. They are well aware of the market demand.
In fact, in a Q&A session, Donald Trump told the audience that if he had to start over again, he would do it through Network Marketing! The audience scoffed but he responded to the effect of, “That is why I am in this position and you in yours”. I am sure to some those were words not welcome but to me it is a point well taken.
I am grateful for these financial ideas at work in my life and I am excited to continue to implement them. I am here to help you because I know I get to give back some of my knowledge to help someone else so feel free to contact me about my business.
Last 5 posts by A.Bornhoft
- Effective Marketing of Anything Online - March 4th, 2008
- Being A Low Pressure Person In A High Pressure World - February 20th, 2008
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