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  HOME BASED BUSINESAS -Is Your Home Based Business A Real Business or A Hobby?

  

   

    Written by Jim Kurz

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  In the world of network marketing there are pretty much two different types of people. Individuals who treat their home based businesses like a BUSINESS and those

who treat it like a HOBBY. Believe it or not that can produce the difference

between being someone who makes a few hundred maybe even a couple thousand a

month and those individuals who make hundreds of thousands every year!

 

If you'd enjoy to be in the category of people who make 6 or 7 figures a year in

your home based business listen up since this could in fact be the article that

changes your business forever!

 

95% of all people in network marketing handle their businesses like a hobby.

What do I have in mind by that precisely?

The don't have enough "skin in the game"

 

And they don't expect success

 

Let's look at all of these things one at a time and you choose for yourself if

you have a "business" or a "hobby".

 

One of the principal reasons why individuals want to work for themselves is because they

would like to work WHEN they want to work. Now that can be a good thing or a adverse

thing. Yes it is tremendous to be able to move your work hours around your life,

things like family outings, school plays, little league games. However, in the

beginning at least, it's very important that you mark down the hours you plan

to work each week.

 

That doesn't signify that you have to work 9-5 Monday through Friday it just means

that you should to keep track of how regularly and how long you

The don't have set work hours

 

The don't have their goals set in stone

 

are truly working

your business. A bunch of individuals fail because they think they are working more

than they in reality are. By setting out times and days when you will close out the

world and just work on your business you make certain that you get the work done and

keep your business on the right track!

 

It may well be as uncomplicated as working 2 hours before you go to work in the morning,

2 hours when you come home and 3 hours on weekends. Or it may well be that you just

work Mondays, Wednesday and Fridays but on those days you block off 4 hours at a

time to phone prospects or market online. Whatever it is that you go for map it

out and then stick to it!

 

Not having your goals set in stone is an additional trouble that many home business

owners face. Think of it this way, if you were ready to invest your money in

opening your own restaurant you would want to have financial goals right? I mean

you'd want to identify how much you required to make each month to cover your expenses

and still have a clear profit left over. You would also in all probability have an image of

how your business should be progressing over the next 6, 12 and even 24 or 36

months.

 

Purely put if you aren't writing out the goals you come up with for your company and

looking at them every day you are treating your business more like a hobby and

less like a business.

 

Now what do I suggest when I say, "they don't have enough skin in the game"? Well

let's go back to the restaurant analogy for a second time for a moment. All customary

brick and mortar businesses cost a LOT of money up front to set up. That's why

people take them so earnestly. To open a business it can cost hundreds of

thousands or even millions of dollars to get it off the ground.

 

The traditional home based business typically costs less than $1000 to get started

and in a lot of cases below $500. Do you notice the difference?

Hundreds of thousands VS a few hundred, there is no mistaking that you're

probably going to take the more expensive business more seriously. However,

that can be what hurts you in your home based venture.

 

Just as a business might not cost that much to start off doesn't mean it can't

generate you 6 or 7 figures. So make sure you consider your $400 business


(or however much it is) like its a million dollar investment and you'll work

that much harder to see success!

Finally we come to one of the main problems, not expecting success. If you're

going to be a part of a home based business, well actually ANY business, you have

to EXPECT to succeed.

 

I hear so many people say "Well I'm going to give this thing a shot" and guess

what the people who say that usually don't make any money. If you expect to fail

you will most likely fail. However, when you demand to succeed it's only a

matter of time until you will.

 

Nobody would start off a traditional business and say "Well we'll see how this thing

goes" NO WAY! When you start a business you have to KNOW you're going to profit

or else it's just a misuse of time and money. The difference between success

and failure really is right between your ears.

 

So what do you believe? Have you determined if you're treating your business like a

business or a hobby yet? If the response is "hobby" I expect that you understand

that that can all change TODAY!

 

Take the tips I've given you and open yourself on the way to amazing

accomplishment with the help of your home based business right now

 

 

 

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