What it Takes to Be a Home Business Entrepreneur

Millions of people everyday are starting a home business opportunity and therefore are becoming entrepreneurs. But do they realize what that means? Most people do it because they are looking for a type of freedom. They want to be in charge of their income levels instead of relying on the limited raise their employer is willing to give them. They want to be in charge of their schedule rather than what their employer dictates. With those two main factors in mind, the home business opportunity seekers aim at having more money to travel and pamper themselves than their existing budget allows while having the time freedom to do it and thus spending quality and quantity time with the people most important to them, usually their family.

Those are excellent reasons for wanting to become a home business entrepreneur but what about the entrepreneurial part? What about the “Business” part? Do you know what it means to be in business, to be an entrepreneur? This is where many new home business owners spent little or no time considering. Between being an employee and an entrepreneur there is a world of differences as there is between being a downhill skier and a mountain climber.

The home business opportunity seeker wants to be his own boss and take control. But what is he or she taking control of? The new entrepreneur is now the “owner” of his or her business and while this is extremely exhilarating and providing a fantastic feeling of freedom, it also means a very different set of responsibilities. Rather than being a crew member on an ocean liner following the Captain’s directives, the employee turned entrepreneur is now the Captain of his own vessel and in most cases is a crew of one. Now in charge of absolutely everything, calling the shots and answering to no one but the person in the mirror. Again very liberating but also putting the accountability in one single place.

One must realize this before making the jump from employment to entrepreneurship. Nobody will order you what to do, you have to order yourself. Nobody will give you project deadlines, ask for progress reports and evaluate your final results, you will be expected to take ownership of all this and be accountable to you. When your business is not going the way you would like, you only have one person to turn to; yes the person in the mirror.

When being an employee, it usually means that you are employed by a business or some type of organization. And the name says it, it is “organized”. The employee’s work responsibilities fall into an organized system where all have a set of functions to fulfill that are accountable to a hierarchy of employees all the way to the top person who makes the overall decisions. No matter the size of this organization, the bottom line is that the owner(s) and/or the top employee (President) are the ones designing and defining how this well oiled machine will work and dictate who will do what – they design a system and plug in employees in each of the functions that will make the system work and deliver the desired results. Being an employee often means you have a limited view on the overall picture of how a business/organization is operated because you’re told what you need to know to make sure your function puts out the desired outcome.

When becoming an entrepreneur, you need to have a much broader and overall view of how things work because you’re the owner, the President, the Vice-President, the Director, the Manager and the Customer Service Representative all in one. You’re a one man show and therefore you must think differently than an employee does. With great freedom comes great responsibilities. If you have that level of responsibilities in you, then by all means, you have what it takes to be an entrepreneur. The responsible person is by definition accountable to themselves which is also a requirement to call yourself a home business entrepreneur. Add a good dose of determination to stay focused on target and voila, you have the recipe for the right person to fill in the chair in your home office. With those traits, all you need is to surround yourself with the right people to make it worthwhile and feasible to reach the income goals and time freedom you seek.

“Oh wait a minute Pierre, I thought you said I was a one man show! Who am I surrounding myself with?”

You surround yourself with the people who will design your system and fill in the functions you do not have the skills for yet. It would be difficult for you to fulfill all the functions of President to Cust. Service Rep. if you have limited knowledge of how to run a business, and this no matter how responsible, accountable and determined you are. You need to surround yourself with the people that have done the homework for you and have designed the system, applied automation to it in order to leverage your time, strategized on market penetration so you don’t have to wait to learn marketing before you see results, developed training so you can learn as your business grows and finally, implemented support so you always have someone to turn to when you need a Mentor, this way you’re in business for yourself but never by yourself.

The last place I was employed at several years ago was a business where the President was the owner and there are two things I noticed in my stay there which are still serving me today. First, is the fact that my work effort was producing 10 folds the money I was paid for which is why being employed is not the way to get rich. Second, the owner was far from having all the answers but he was wise enough to surround himself with the people that knew the answers.

You can be the owner of your own business and not know everything there is to know about running a business as long as you know who to surround yourself with. All you have to do is surround yourself with the system experts, automation experts, marketing experts, training experts and support experts and then, you call the shots; you’re a home business entrepreneur.

Every Business Entrepreneur Should Have a Mentor

A must for any home based business entrepreneur is a mentor. Have you met yours? This is a person with more entrepreneurial business experience than you possess who becomes someone you can trust over a period of time.

You may wonder why having a Home Based Business Mentor is important for the development of your online business. You may have friends and family that you respect their opinion for certain areas in your life but not necessarily for your business. That’s where a Mentor can help guide you in the right direction for your business ventures.

If you are an entrepreneur and have dreams of running a highly successful business, I would highly recommend that you go out and find one. It’s not easy to find a good Mentor but they are out there and are willing to work with you to build you a successful Home Based Online Business. When I found mine it made a world of difference in my approach to having an online Internet business. It has made a huge difference in my success on the Internet and when you find yours you will start having the success that you want for your business.

You might be asking yourself at this point, so how do I find a Mentor?

It’s not always an easy task but one worth researching for the future success of your business.

Here are a few key characteristics to look for in a Mentor:

1) Do they share the same values that you do?

2) Make sure you have good rapport with this person and are willing to listen to them, even if it is something you may not want to hear.

3) Does your Mentor have goals that line up with yours?

4) Are they willing to use their energy and time with you? (Assuming you don’t waste their time)

You may be thinking “Why would someone want to Mentor me, for free?” The answer to this, most of the time, is by helping and guiding you to build a profitable business, this helps them build their business at the same time. So it’s a win, win situation.

There are numerous advantages in having a Mentor at your finger tips:

* They have “been there and done that” on their side.

* They provide this experience to you for “free.”

* They expand your networking world because they may put you in touch with other experienced people you would have never had the opportunity to work with.

* You will develop a long term and trusted relationship over time.

* You will end up with a highly successful home based business.

Once you find your Mentor for your business, I am assuming you want it to be a healthy and long lasting relationship, I highly recommend that you respect them by doing the following:

1) Respect them by not wasting their time.

2) Be absolutely honest with them, even when it might have them respond with something you don’t want to hear.

3) Stay focused on the business task at hand.

4) Show up on time for any appointments with them. Let them know in advance if you can’t make it.

5) Keep all commitments you have made with them.

6) Make sure to finish all projects they have assigned.

7) Come to the table with a positive outlook and be solutions oriented.

If you follow these simple guidelines, it will make for a successful and profitable business relationship for the both of you.

My final thoughts on this subject: “Go find a Mentor if you don’t have one already.They can provide you with a path of prosperity for your business life. As you can see, there can be many rewards and the risk is zero! They are essential for the home based business entrepreneur.

Be the Best and Success Will Follow – Successful Home Based Business Entrepreneur Characteristics

Are you the best? Is being the best simply locker room big talk, or is it something to strive for? Whatever standard you set for yourself as a home based business entrepreneur and as a human being, viewing excellence as a process, rather than merely a goal, can empower you toward high achievement.

THINK POSITIVELY: In business and in life, “to think is to create” is a proven formula. If you don’t visualize a positive outcome, if you can’t see yourself winning as a home based business entrepreneur, you’ve just made the mountain even higher.

Reaching the summits of success is a battle of the mind and it starts with a positive attitude towards all things. Napoleon Hill said it best, “Think and Grow Rich”.

HAVE A CLEAR VISION: The more precise your vision of a desired outcome, the higher the likelihood of it coming true. This isn’t new age-speak; it’s been ascertained that successful people in more than just the world of business, envisage their ambitions with much more clarity compared with others. See what you want and see it clearly, then go out and make it happen.

BE A POWER HOUSE: High achievers are uncompromisingly relentlessness. They never quit. They never let the tough times get them down. They are determined hard workers but more importantly they are determined smart workers. When they’re dropping off the pace they become even more determined smart workers. Highly successful people always search for ways to accomplish more, to go beyond the level at which other people are satisfied to stop.

NEVER STOP GROWING: High achievers never settle. They relish their successes and then they get right back in the game. Like an elite athlete, a successful home based business entrepreneur will honor the basics; they are always in spring training looking for ways to improve, to get stronger and to play at a higher level.

The world is full of seminars and books and CDs/DVDs covering all manner of personal growth opportunities and all of them are worth your time.

BRING ON THE COMPETITION: Champions respect their competitors not as enemies, but as catalysts they can leverage to push themselves to a higher level. Competition keeps you sharp; it pushes you to look at yourself and your business plan critically and to keep your focus in the face of life’s distractions.

SERVANT LEADERSHIP: Leadership is an earned right. High achievers know that the best leaders bring out the winner in everyone. They seek to serve rather than to be served, to empower success by extending their vision to others.

Your relationships are a lifeline that connects you to your dreams, so care for them as the most important element of your business plan. Core values of respect, courtesy and accountability, when combined, are the key to making sure your lifeline remains strong and keeps you connected. Make sure the mark you leave behind is a thing of beauty.

MAKE A PLAN: Your most valuable business treasure is your time. How you manage it determines your success as a home based business entrepreneur and to make the most of every day you need to prioritize.

Don’t allow the minor elements to discourage you, even when the larger issues seem intimidating. Develop work habits that drive toward efficiency and have the discipline to understand the hierarchy of value relative to what must be accomplished.

NEVER MAKE EXCUSES: Stuff happens, that’s just part of life. The first step in recovery from any set-back is acknowledgment and the facing of reality.

Learn from your mistakes and those of others. Look upon adversity as an opportunity for growth and change. Hold your head high and get back in the game, knowing that nothing can stop you.

NEVER SETTLE: Good isn’t good enough any more. When you take on becoming the best, just being good is not an option. Being good is a seductive enemy because it lures you into a state of complacency. At best, good is a stepping stone toward excellence and excellence is a stepping stone toward becoming the best.

DREAM ON: It takes courage to dream. Dreams are the stone slabs upon which high achievement is built and while stone slabs are not enough, they charge action with focus and energy.

Are you simply the best? Hopefully your answer is no, not yet. Because there’s always a higher level to be attained and outstanding achievers harness the power of these fundamentals to go there.

Choose to be one of them. Choose to honor these basic principles of success. Dream big, work smart, and never say never.

The One Thing That a Home Business Entrepreneur Has to Get Right

There was no shortage of training and instruction opportunities on how to run a successful home business when I first got started. Just the training offered by my company was more than I could read or listen to in a week. That wasn’t even accounting for all of the information available from Google. I began to notice that some people were doing a lot more home business training than home business building. The predictable result was that they became very knowledgeable but not very wealthy.

From my experience, the purpose of home business training and education is not knowledge. It’s action. What good is learning if you do not apply what you have learned to get the desired result?

The secret to home business success? There is no secret anymore. Those who have been successful are usually very open about how they did it. Why? First, they understand that there is enough money and opportunity for everyone to prosper. Second, they know that 9 out of 10 people they train will not apply what they have learned and therefore will never be a threat of any kind.

When you are getting started in a new business, it is exciting. It can also be a little bit overwhelming once you figure out how much there is to learn. It seems like there is a lot to remember. Many new home business entrepreneurs react to this by finding ways to stay busy without doing anything productive to move their business forward. Doing “research” is a common way to stay busy without moving your business forward at all. Researching advertising, researching prospecting, researching team building, etc. At the end of the day, you haven’t done anything to potentially put money in your pocket.

There are countless ways to advertise, prospect and network. Some things will work for you and some won’t be a fit. You have to evaluate whether or not it fits in your schedule, budget, etc. To be successful, you will absolutely need to learn a new skill set and some of the activities you spend your time on absolutely should give you butterflies in your stomach. Butterflies in your stomach let you know that you are moving outside your comfort zone and stretching yourself as an entrepreneur and person. Examine your daily activities. If you are never uncomfortable in your business activities, there is a good chance that you not having much luck moving it forward.

It’s simple to determine if what you are doing is home business building or home business training. When you look back on your day, what activities did you engage in to move your business forward (i.e. did you sharpen all the pencils on your desk and rearrange your office or did you speak to five prospect/customers about your product?).

Examples of staying busy: arranging your desk, ordering business cards, researching advertising possibilities that you do not immediately implement. Training should be a cornerstone of your business, but not to the exclusion of the things that bring in income. Training and education is critical, but only when you couple it with money making activities.

Examples of taking action: Placing advertisements, speaking to leads or customers, providing support for others in your enterprise.

If you are spending a lot of time on your business with little income to show for it, this is a great exercise to pinpoint the problem.

It comes down to this – It is a great deal easier (and more comfortable) to train than to take action. If you are always comfortable in your business, you are most likely not moving yourself forward.

Never forget that you learn so that you can take action. Here’s how you do that. Learn something, then immediately apply it. Use what works and discard the rest. Repeat. Soon you will develop an arsenal of tools to help you become a successful home business owner.