The idea of working for myself on an online residual income business sounds great isn't it. However like every home dad, I was afraid initially to make a change. I was worried about losing the security of a fixed salary coming in every month. It wasn't a huge salary but I needed it to pay the bills and make it through to the next month.
My main aims were to take control of my working calendar and implement a balance lifestyle change by being in control of my own choices which would in turn give me more freedom, such as choosing exactly when I would work so that it could fit in better with my home life.
After the initial excitement of making the decision to get started and enthusiastically working at setting up my internet business I then rather disappointingly ran into problems that the vast majority seem to run into. With the benefit if hindsight I could have grown at a much faster pace and been more successful much earlier. So what I would like to share here with you folks are the benefit of my hindsight.
The first month in the life of an internet residual income business base at home:-
Pick a business that interests you. - The amount of enjoyment will be linked with your motivation and determination to put in the time and effort needed.
Finding a trustworthy, reputable home business scheme. - I was aware that there are scams and lots of false promises on the internet. Pick a venture which offers you the tools to build success gradually instead of promising you something for nothing.
A business plan is essential. - There are two reasons for this. Firstly to keep you focused and motivated with momentum. And secondly to consider with detachment whether your business plan ultimately makes financial sense.
Outsourcing works best. - Learn how to outsource efficiently and it will save you a huge amount of time spent on low productivity activities. The skill of outsourcing done properly will make your time very productive and bring in revenue much more quickly.
Choosing a business model which has been proven. - This sounds so simple,
but it really was the key to turning around my business success. If a business
starts off from the blue-print of another successful business and then
copies that successful business model then similar results usually follow.
This is a simple outline and intentionally so. By working from home, you will find that you can actually balance your work life and home life and earn a good living at the same time.
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