http://www.financialfreedomawaits.com
To many
people are trying
to start their home businesses with an
ordinary employee's way of thinking. This has become a common reason
why not
long after sitting down and giving it a fair look into even the most
lucrative
business opportunity they bump into, they put it away and decide not to
take
any chances.
What has
happened here is
that the most lucrative business opportunity
has been looked into by an ordinary 9-to-5-worker, who appears NOT to
be
business-minded.
If you are
like most
people, you have probably considered starting your
own business yourself. But above all, you have to understand that to
make into
a successful Business Entrepreneur, one has to change their way of
thinking
first.
1. If you
expect fast
cash, you think like a 9-to-5-worker
Working as an
employee is
the only way to get 'fast' cash... 'fast' as
in 'in-25-working-days'. This kind of cash is always certain to come in
as long
as you work from 9 to 5 for your boss. But as you probably already know
it, as
soon as you stop, the money stops. (See http://www.financialfreedomawaits.com).
True
business-minded
people know that it takes time to develop an
'attack plan' for their businesses. It takes time to build a strong and
solid
business, which delivers ongoing income through many years.
True Business
Entrepreneurs hold on to this truth, "We reap what
we sow, but the harvest is never in the same season as the planting."
Change your
way of
thinking: DO NOT EXPECT FAST CASH!
2. Do you
prefer
job-security or financial-security?
Employees
would rather
have job-security. Why? Simple: the income is
secure. As long as you loyally work from 9 to 5, you will for certain
get your
cash! The problem with a typical job is that when you stop, the money
stops.
The stark fact
is: some
day you might get sick and won't be able to go
back to work. Sooner or later you will retire. Companies get broke and
have to
release their employees. No matter what the situation, as soon as you
stop
working, the money will stop coming.
So much for
secure
income...!
A true
Business
Entrepreneur prefers to have financial-security. No, he
won't have fast cash. And no, he won't have any secure income yet - at
least
not in the beginning. And often, he won't have any income at all from
his new
business for the first few months.
Business-minded
people
think of the big picture. What they do is
building assets from which his money will come in month after month,
year after
year from work he is doing now! The money will not come now. It might
not even
come for the next few months. But as soon as his business is up and
running, it
will keep generating income for him, even when he chooses to stop
working!
And that is
financial
security!
Change your
way of
thinking:
Think Of The
Big Picture:
Aim For Financial Security!
3. Generate residual and leveraged income
The rich of the world have known for decades that if you want
financial
security, you must tap into (1) Residual Income, and (2) Leveraged
Income.
(1) Residual Income is income that keeps coming in month
after month,
year after year, from work you do just ONCE! It's like a royalty. An
example
would be writing a book or recording a song and getting paid forever on
it. The
problem is only 1% of the people in the world have actually the talent
and
chance to become a writer or a musician and get paid this way. The rest
of us
would have to stay with our typical paycheck.
(2) Leveraged Income is earning money through other people's
efforts.
There are only 24 hours in a day. Hence, there's only so much you can
earn
through your own efforts. To create leveraged income, you need to have
your own
business where other people work to generate income for you. Any
business, whether
it is a traditional business, franchise, small business, internet based
or home
based.
Employees work to generate secure income. Business
Entrepreneurs work
to build assets with income streams which generate for him ongoing
passive
income. In other words Business Entrepreneurs work to build himself
-what I
would call - a 'money-machine' which is designed to generate ongoing
income.
Whereas the Employee can not stop working because otherwise
he will
lose his income, the Business Entrepreneur will have money coming in
constantly, even when he chooses not to work, simply because it is his
assets
that generate residual and leverage income for him.
Change your way of thinking: Tap Into Passive Income By
Generating
Residual & Leveraged Income!
4. Investments
It is common for people who seek job security to hesitate to
invest.
The reason is understandable: for some of us the risks of investing in
a
business are just too much to handle.
A true Business Entrepreneur understands that in order to
build a
'money-machine', investments are necessary. There is just no such thing
as
businesses without investments. He knows that it takes time and effort
to
develop a successful business. But he also knows that investing money
is just
as important!
Sometimes it takes the Business Entrepreneur a year or two
before he
can finally reap the big success. Sometimes even a bit more. It takes a
couple
of years of investing time, effort and money. But this is not too hard
for him
to handle. A true Entrepreneur thinks long term. He knows that in the
end, his
work and money investment will finally pay off!
A Home Based Business Entrepreneur would only have to invest
just 5-10
hours a week for a couple of years and he would only have to make low
budget
investments into his home business. And at the end of the time of
working and
investing, our Entrepreneur would have turned it into a $3000 - $10,000
residual monthly income stream!
I'm talking about money that keeps coming in month after
month, year
after year... money that keeps coming in whether you work ten hours a
day or
two. A commission check waiting for you in your mailbox when you return
from
yet another vacation... money that when you've left this planet
continues to
provide for your spouse, children, or grandchildren. (Read:
Overnight
Successes, Years in the Making, http://www.financialfreedomawaits.com/articles_overnight_success.htm)
By then you would think that all your valuable time and money
you have
spent would be worth it.
Commonly an ordinary employee, who fears too much to invest,
works hard
to receive his pay check every month. Most likely he even retires
broke. The
United States Social Security Board reports that 85 out of 100
Americans
reaching age 65 don't possess as much as $250. And only 2% are
self-sustaining
(the rest dependent on family, church or government). Before he
knows it, he
leaves the planet with nothing to leave for his family.
A true Business Entrepreneur is prepared to invest. He knows
by
investing in his business he is building assets that would generate
passive and
residual income for him throughout his years on this planet and the
years of
his grandchildren.
Change your way of thinking: Think Long Term: Start Investing!
More information can be found here at http://www.FinancialFreedomAwaits.com
Dinar P.
Wiria-Atmadja is the owner of
http://www.financialfreedomawaits.com