7 tips to building a business while working 9 – 5

 

1. Get crystal clear on your reason for starting your business.

Connecting with your “why” is the most important first step you can take. Maybe you are motivated by being your own boss, financial independence, time freedom, creative expression, being home with your kids or helping others. Whatever your reason, knowing what motivates and drives you is what will keep you focused and committed to your dream when times get difficult.

 

2. Commit yourself to your dream.

Having the desire for something to work vs. committing to it are vastly different. When you commit to your dream, you are making a binding obligation to see it through to success. It means you are “all in,” you find solutions when faced with obstacles and you don’t quit, no matter what. Make that pledge to yourself, and then tell the people in your life.

3. Create a personal vision for your business.

Think about what you want in your business a year from now and write it down. Be very specific and detailed. Describe in great detail in the present tense your ideal day, what activities you engage in, who your customers/clients are, how many customers/clients you have and what your monthly income is.

Read your vision aloud every morning and evening, focusing completely on the end result — your vibrant, flourishing business. By keeping your focus on the result, you will be able to make the day-to-day choices to ignore any negative thoughts that may arise.

4. Join a mastermind group.

A mastermind group is a peer-to-peer mentoring group that meets regularly to support each other, brainstorm ideas and share advice and work through challenges together. A mastermind group can be excellent for helping you stay accountable and motivated.

There are mastermind groups that meet in person, online or on the phone. To find a mastermind group, Meetup is a great place to start. If you cannot find one to join, then create your own with people who are also starting a business.

 

5. Immerse yourself in learning.

Research and study anything you can find that is pertinent to your business. The Internet provides an abundance of valuable information on building a successful business. Take courses, hire a coach or find a mentor. Listen to podcasts or audiobooks during your morning commute. The more you learn and become an expert in your area, the more self-assured, motivated and successful you will be.

6. Stay positive about your day job.

Every day, acknowledge something you appreciate about your job. Perhaps you enjoy your co-workers or always having holidays off. Maybe it’s just the free coffee or your comfortable chair.

The point is to look for the good things. The more you focus on what is positive about your current situation, the more success you will bring to all situations, including your business. Negative thoughts drain your energy, making it far more difficult to move forward with your dream.

7. Set daily goals.

Take small, measurable action steps each day toward your business, understanding there will be times when it seems like you are making no progress at all. Much of the work, in the beginning, will be tedious day-to-day tasks. Realize it is all part of building your business. By taking steps each day, which includes doing the mundane, you will start seeing results. The more progress you make, the more confidence and determination you have to keep moving forward.

By taking these actions while still working your day job, you will stay focused, motivated and committed to making your dream a reality. It will also make the time spent at your job seem to go by faster.

Share This:

Posted in Uncategorized

Ways to create Financial Freedom

For many, financial freedom is the ability to maintain a comfortable lifestyle while saving for the future and staying out of debt. Achieving it requires restraint and careful planning. The reward is stability and peace of mind, and the ability to take a break and have fun when you want and eventually enjoy a comfortable retirement .

Diversify your income. If you have several sources of income, you won’t suffer as much financially when you lose one of them. As long as you have some income, you have more time to come to replace what is lost without worrying about how to pay your bills. Some possible ways to diversify are:
Start a part-time business that you can do on nights and weekends. You might consider turning a hobby into a business . I have been searching for nearly 3 years now for the best automated . turnkey on line business and I finally found it . Have a look at this
Create a passive income stream by setting up blogs or websites that offer useful information and carry ads that pay you a small commission for every visitor who clicks on the ad. You can also sell e-books or other information products on your blog or website. Take a look here for a great platform
Create multiple steams of income. Sell your old stuff, books, toys, technology, anything that you basically do not use within a year. Use Craigslist to sell furniture and/or to buy things discounted. Learn to look for bargains and learn to negotiate too
Take advantage of compound interest. Save a part of your income each month in an account that pays interest not only on what you’ve contributed to the account, but on the interest you earn. Compound interest adds up quickly, and you may find that your account balance is large enough that you can afford to withdraw the interest each month as a source of income.
Get rid of credit card debt. When you buy things on credit, you pay much more for them than if you bought them with cash. Many consumers get into a vicious cycle when they buy on credit, because the monthly payments to the creditor make it impossible to pay cash for future purchases, and they end up buying on credit again and again until they can’t afford to make the monthly payments
Buy a home you can afford. You should not spend more than 25 percent of your total monthly income in mortgage payments. Make a substantial down payment and choose the 15-year mortgage. You will buy a more modest home than your lender will allow, but you will be able to afford to save money
Always dedicate time to learn a little bit more about finances. No one will ever care more about your money than yourself

Share This:

Posted in Uncategorized

Fear of the Unknown

Are you afraid of taking the entrepreneurial leap? Here are a few of the false assumptions that are fueled by fear, along with tips for moving beyond what may be holding you back.

“If I find the right business, I will succeed.” This assumes the winning formula of a business resides outside the skills and experience of the entrepreneur and inside the business products and systems. This mindset can lead to endless nitpicking over what is wrong with every business opportunity that pops up. An experienced entrepreneur thinks, “The business doesn’t make me successful. I make the business successful.” This more powerful truth can empower an entrepreneur to acknowledge the potential pitfalls then figure out ways to make it work.

“Being self-employed is unpredictable and I want a comfortable and normal life.” While almost everyone likes stability and security, entrepreneurs accept and plan for inconsistency in the short term in exchange for a life and career they choose in the long run. Someone with “an employee mindset” is like someone who sits comfortably in the stands watching the big game wondering what it would be like to play. The business owner takes the field and plays all out.

“I’m afraid of the unknown.” People who are afraid of owning their own business are terrified by the ambiguity that comes with it. Entrepreneurs don’t like ambiguity either, but accept it as something temporary and fully expect the business to produce a more predictable result in near term.

“A business failure will kill me.” Entrepreneurs don’t like failure, but they typically won’t put themselves in situations they won’t survive. A seasoned entrepreneur understands what the worst-case scenario is, and crafts a “survival strategy” in case it happens. While entrepreneurs don’t expect to fail, they will survive if they do.

“It’s not the right time to start a business.” Some people act as if the universe is comprised of two time periods — the right time to start a business and the time the would-be entrepreneur is currently living in. A true entrepreneur declares now to be the right time and finds ways to make it work.

Ask yourself what one action you should be taking to bring you closer to my goals. Then, regardless of how large or small that action is, take it. Spend a day writing your business plan. If you want to start a consulting business, take on just one client.

 

Share This:

Posted in Uncategorized

Overcoming self doubt

Nine out of ten times when I feel paralyzed, it’s because I doubt myself.

Sometimes I doubt my knowledge—whether I truly know enough to move forward. Sometimes I doubt the choices I’ve already made, as if I can somehow find a sense of control in rehashing what I’ve done and deciding how to do it better in the future.

Other times I doubt my instincts. I think I know what’s right for me, but my mind decides to split and take sides, creating a nagging sense of internal conflict over what I actually want to do .

Here is a list  of 14 ways to prevent this self-doubt ..

1. Think, “In a thousand years who’s going to care?” ~Shaec Cooper

2. Focus on the good in your life, reflect on your past achievements, and look to your mentors and all they have achieved. ~Tiscanny Derksen

3. Tell yourself, “If I don’t try then I’ll never know. Don’t doubt yourself. You are a perfect example of talent and beauty.” ~Annie Pryatel

4. My mantra for this year: My abilities will always outweigh my doubts. The moment when I think I can’t is the moment that I can.” ~Lissa Rae

5. The moment you feel it creeping in, it’s time to act. Get involved and let experience prove you wrong. ~Hector Peguero

6. Acknowledge them but don’t invest in them. Then move on. ~Ray Benoit

7. Ask where the doubt stems from. Is it your intuitive self or your fearful self? Ask that question and listen to the very first thought that comes into your head. Believe that one. ~Wendy Chadwick

8. When in doubt, zoom out. If you doubt all the time, you need to zoom out to the big picture. ~Mary Mecca

9. Ask yourself, “What will happen if I doubt this doubt?” ~Gareth Stubbs

10. What’s the worst that could happen if you do what you feel doubtful about? Is that something you can deal with? Then do it! Most of our worries are a waste of time. What will happen, will happen. ~Kate Roselund

11. Put one foot in front of the other and keep going. ~Roze Quartz

12. Learn to live with them comfortably. ~Esteban Cabral

13. Realize that doubts are fear, and fear is: Forgetting Everything’s All Right. ~Sherri Levy

14. The doubtful vibe that you send out into the universe will only create more doubt. Refocus and believe. ~Tiffany Helton

THIS IS A GREAT READ to help if you are experiencing self doubt issues .

Share This:

Posted in Uncategorized