This story is only loosely based on true stories. The intention of this story is to show you how your thoughts and feelings about yourself contribute to your success or failure. It is a story about one man, but it is also the story about how many people have gotten rich.
John was gym junky whose only obvious talent was body building. He loved working out and got a lot of pride from the results of his efforts. However, John wanted more out of life than a ‘beach body.’ He didn’t talk about it much, but he had big dreams.
John was earning a living working at the gym. He sold memberships, helped show people how to use the equipment and did other odd jobs around the gym. He had a lot of free time throughout the day when gym customers were at work, so he used his time productively reading investing books. John wanted to find a way to get ahead in life and wasn’t letting the fact that he was broke stand in his way.
What all of the experts agreed on was that you weren’t going to get rich working for somebody else. Employees got other people rich, not the other way around. John could certainly understand that, since the boss he was working for was making good money. John decided to use his skill as a body builder and sell himself as a personal trainer.
John found success as a fitness expert. He started working cheaply, but found that he was so in demand that he raised his rates. Before long, Hollywood stars and wealthy business people were calling on him to be their personal coach and John was making good money.
John was able to save enough money to pay a deposit on some property. He had read that property investment had made many fortunes. He had already seen how he was able to make more money working for himself than for someone else. He had also noticed how the man who owned the property his former boss rented was richer than his former employer.
John decided to invest in landed property instead of a home or established business. He simply bought a piece of land in a growing area and rented slices of land out to various small businesses. He didn’t even have to build on the land. They paid long term leases. Come rain or come shine, they would have to pay him rent every month.
John is a very rich man now and is a prominent politician. He got there because he believed he was capable of being more than just another gym junky and he acted on his beliefs.
Filed under Wealth Building by on Mar 22nd, 2010. Comment. 
Being an entrepreneur is very appealing but not everyone can become one. One of the quickest and easiest ways to become a successful entrepreneur is by working at home through a home-based entrepreneur business.
Firstly, you need to evaluate your strengths and weaknesses. After the evaluation, you can now determine if you can manage your own online business. Aside from the evaluation process, you must know how to plan, organize, staff, and control. These are your responsibilities as an entrepreneur. You should be able to work alone because now you’re the boss and all business decisions will be made by you.
Some say that online businesses can be run without many problems. Well, they are very wrong because even with an online business, you have to deal with certain business problems and risks. You can’t eliminate such risks because that goes hand in hand with any business undertaking, both for online and offline businesses. However, you can reduce the risks that you’re bound to deal with in the future by choosing the best home-based entrepreneur business that will work for you.
Entrepreneurs are known to be self-starters. Organizing your time is a difficult task but if you want to run a home-based online business, you should be able to do it. Remember, you don’t have a boss that you can rely on. This is your business and you have to be responsible for it at all times.
Running your own business would also mean that you have to deal with different kinds of persons. You will surely encounter demanding customers, moody vendors, and an unreliable staff. To become a successful home-based business entrepreneur, you should know how to deal with them individually. You should know the quirks of every person that you encounter so that you can address them and the situation correctly.
Running an online business is all about your attitude and character. According to some experts who conducted researches about the characteristics of entrepreneurs, there are certain traits that an entrepreneur should possess. As mentioned earlier, entrepreneurs are risk-takers, self-starters, and know how to deal with different kinds of people.
Those traits and characteristics are not enough. You have to have more than that. Another trait that you should possess is being an excellent decision maker. Since you’re the boss, you should be able to make quick yet effective decisions. Some situations are filled with pressures but despite the pressures, you still need to make an informed and wise decision. As owner of your online business, you have no one else to rely on when it comes to business related decisions.
To be an effective online business entrepreneur, you must have lots of energy and superior work ethic. Owning an online business may mean working even on late hours and on the weekends. However, you must not be pressured of your tasks. View them as challenges and strive even harder. Your efforts will be rewarded once you see the profits rolling in.
If you already know the responsibilities of an entrepreneur, then you can assess if you can become successful in an online business. Working at home through a home-based entrepreneur business requires dedication and hard work. You must be able to monitor your finances, tasks, inventory, work schedules, and many others. Good luck and may your chosen home-based business become a success.
Filed under Home Based Business by on Jun 27th, 2009. Comment.
An economic slowdown can happen at any time so you should be prepared for it. Here a few tips so you don’t get caught with your pants down until things get better.
1. If you are in debt, get out as quickly as possible. If you need help, see if you can consult with a financial adviser who can help set your budget for you.
2. You should also switch your bills to cheaper services. This includes electricity, gas, mobile phone, television broadband packages, insurance and maybe even your bank account.
3. There should also be cuts in daily spending. If you buy a lot in the grocery, see to it that you finish whatever there is first before you decide to replenish it. If there are items in promo, buy them instead of what you buy usually because they could be just as good or even better than what you are used to getting.
4. See if you can get free samples. This may sound silly but you are sure to find a few every time you visit the grocery. You can also cut out some vouchers in magazines and then redeem it on your next visit.
5. For those who go to work, instead of going out and having lunch, make it at home then bring it with you to the office. This includes coffee which you can put in a flask if there isn’t any being offered.
6. You should also conserve on energy by lowering your electricity bills and fuel costs. Perhaps you can ask your boss if you can work at home two or three times a week. If this is not possible, see if you can carpool with someone from the office.
7. If you own a large vehicle, perhaps it is time to sell it or trade it in for a smaller one because of better mileage.
8. As for your electricity, see if you can change your light bulbs to those with lower wattage. Perhaps you can also put your heater down by one degree, reinsulated the place or stop drafts coming from the windows and doors.
9. Reducing your expenses are not the only ways to survive an economic recession. You can also make money by selling some stuff in a garage sale or renting out a spare room if there is someone out there who needs a place to stay.
10. If you work in an industry that gets badly hit when cash is tight, perhaps it is time to switch to another career that is more stable.
11. Since that will take some time and you will have to go to school for awhile, you can also engage in some other business on the side like bake cookies or sell some of your vegetables in your garden. Everyone has a niche so you just have to know what it is.
12. The last thing you can do to survive an economic recession is to take advantage of the situation. If you have the money, invest in long term investments so you can sell it when the economy has improved.
An economic recession is a fact of life and this often lasts for months, which is why it is better to be prepared. You should remember that your ability to stay financially stable is the only way you can deal with a potential loss of income and also inflated prices.
Filed under Recession by on Jan 3rd, 2009. Comment.
