Millions of people attempt to become internet entrepreneurs and home business owners each day, but only about 5% actually succeed. There are 3 things that all entrepreneurs need in order to succeed, and working online is no different.
Without exception, highly successful entrepreneurs have short and long term goals, a positive attitude of success, and an unwillingness to give up. These three things separate unsuccessful home business owners with those who succeed and reach all of their goals.
Having goals is the starting point of achievement. Long term goals are needed to set the mark. Unless you have clearly defined long term goals you will have a hard time planning your ventures.
Once you know where you want to end up, you can begin setting short term goals, weekly, monthly, etc, that will take you step by step to success. Short term goals keep entrepreneurs on track, gives them motivation and drive, and lets them know how they are progressing.
But having goals is not worth anything unless you have a positive attitude to back it. Optimism is a key trait of successful people. You must expect to succeed in order to succeed, and the more belief that you have in yourself, the smoother the ride will be.
And because starting a business or pursuing an opportunity often times involves risk, it takes courage. Courage comes naturally when you expect to succeed. People that do not pursue their goals most likely do not feel capable, and therefore they never give themselves a shot.
And lastly, internet entrepreneurs and home business owners must be able to persist. Quitting is a common reason why people fail to develop profitable businesses. It takes time, and the big incomes are reserved for those who are willing to continue forward without viewing quitting as an option.
10. June 2009 at 5:31 am
Great topic – I was just talking about this subject with another business woman the other day, and the need for more of this type of simple and clear content on an important subject.
10. June 2009 at 12:20 pm
If you would like a tool to manage your small business activities and Projects, you can use this web application:
http://www.Gtdagenda.com
You can use it to manage and prioritize your Goals (for business but also in other areas of your life), Projects and Tasks. It has a Checklists section, for the routines and repetitive activities that any business has to do. Also, it features a Schedules section and a Calendar, for scheduling you time and activities.
Some features from GTD are also present, like Contexts and Next Actions.
And it’s available on the mobile phone too, so you can access it from anywhere.
10. June 2009 at 9:07 pm
Great points here. The ideas about strategy are important. It is very easy to become an opportunist, just trying things out that appeal to you or have a great sell.
Knowing your strategy helps you identify how much risk you will take and for how long. It also stops you from investing for too long in a bad idea, for example, because you know from your strategy how much you will spend, and how far something fits in with your business goals.
I wonder if you or your readers know how long we should expect to wait before we start seeing profits. Is it advisable to spend six months in the red before we get worried? A year? This would help with my long term planning on new business ideas.
10. June 2009 at 9:29 pm
You will start seeing results when you put in the work needed to achieve those results. The more work you do the more results and experiences you will have, in essence you will building your value and be able to teach others what works and what doesn’t.
Never worry about the outcome of any efforts that you make online for your business… just do the work and the income will follow. Learn to build relationships with people and always help them before helping yourself. The money is just a byproduct of ALL your positive efforts.
The true entrepreneur inside you will always find a way to make things work or always be searching for a solution.
12. June 2009 at 2:03 pm
Hey, great post, really well written. You should blog more about this. I’ll certainly be subscribing.