Home Business Entrepreneur – 9 Proven Criteria to Get Started

After having interviewed literally hundreds of potential entrepreneurs I have found that there are three categories:

Wannabees

People who choose something more or less randomly with a very low financial investment not really committing themselves.

They typically buy a book they can resell, or they will start typing ads or surveys from home. Programs typically costing less than $50 to get them going. If it doesn’t work, they will try something else. It’s hard to believe they will become successful but at the other end, they didn’t risk anything.

Scared

The sheer amount of possibilities and the enormous amounts of money apparently available in this market makes them scared. They give up before they even try because they believe everything is a scam anyway. They simply don’t want to make any changes to their current situation or life.

Committed Entrepreneurs

People who understand that there are indeed ultra smart ways of making a very good living online provided you do your homework and stay committed. Provided they are able to protect themselves from negative circles of influence, they are ready to investigate a serious opportunity as it presents itself. Existing home based entrepreneurs are happy to help these people as it will allow them to coach serious, next generation leaders building the foundation for a strong and dedicated community of entrepreneurs.

The information in this article is for the latter group of entrepreneurs.

New to Home Business?

If you plan to start a home based business for the first time, criteria 1-6 are most applicable to you. Your main concern is the level of support and training. Becoming your own boss for the next period in your life means that you have to start to think a little different about business. Be prepared to take personal responsibility for your actions and learn multiple tasks. Even some personal development might be required to become more effective and self-reliant.

Experienced in Home Business?

If you have been working out of your home once before but are in the process of changing, focus on criteria 7-9. You want to make sure that your efforts will pay off this time… You have a big advantage in terms of a much shorter learning curve and your developed sense for business working from home.

1-Company

Always select a company that really exists, with real people and that has been in business for at least 5 years:

– They have proven themselves in time and are likely to stay alive successfully.

– Most likely, they have been scrutinized and investigated by different bureaus and administrations and survived different levels of allegations. This is a natural filtering process that happens to any company with a certain size and functions like a filter. This filter always works and weeds out the illegitimate schemes and unsuccessful businesses. So use it to your advantage!

2-Products

These should be real and marketable. Pyramid schemes where only money is passed around are 100% illegal and cannot exist for a long time. Just be aware of them and avoid them. More over, make sure you are excited about the products yourself. Believe me it helps when talking to others and when overcoming obstacles!

3-Training

Step-by-step program works best with personal contact to your coach. This allows you to learn from the professionals and make corrections as you go. Make sure the business plan has been proven to work and is generating results for those following the steps. Ideally, the training system should help you to become a problem solver who can handle small obstacles with confidence.

4-Slightly Challenging

Important: if you select an extremely simple business like typing ads or filling questionnaires working from home, you cannot expect any great rewards. Anyone in the world can do this and most of it can be automated anyway at lowest cost. How motivated will you be after 3 weeks typing the same ads over and over again?

5-Longevity

You want to do something for a longer time, become a specialist and this way you make sure the opportunity remains challenging and motivating enough for you to stay involved and focused. There is nothing worse than having to restart your learning curve over and over again and not make any progress…

6-Team

You learn faster and stay motivated if you can interact with an enthusiastic team. Make sure the team works professionally and is ready to help. There is nothing worse than to work at home without any one to interact with for support.

7-Investment

Common question of many people: ‘how much should I invest’. Difficult to answer. Some of us invest in powerful computers and large desks while others use the kitchen table and a simple laptop. What is important here is the level of flexibility to be able to make your own business decisions. Being your own boss means that you make your own decisions.

8-MLM?

You decide! Multi-level marketing business has created successful companies and I do know people who have become extremely successful in this business. The fact is that for this type of business you need to be a very good sales guy. If, like myself, you are not, then keep your eyes open. Because there are opportunities out there that don’t require you to hard-sell anything!

9-Compensation

Last but not least, how do you get paid? In many cases there is a balance between profits on products sold and a rewards for building teams in the organization (creating some kind of leverage). Compensation plans can be very sophisticated. Bottom line: spend enough time to check it out and ensure that the compensation plan has been proven to work already over a period of at least 5 years. Also remember, these is no value in getting compensated solely for enrolling other people in a program. These plans cannot be sustained for a long time and they might be illegal as well in certain states.

Once you have chosen your business, congratulations! The groundwork is done. Treat your new venture as an aeroplane on the runway. Load it with fuel and go full throttle. Don’t hold back so you don’t crash at the end of the runway.

Tricks for Boosting Your Confidence As a Catering Business Entrepreneur

It’s never a good feeling not to have the level of confidence you want to have. If you need more confidence, you’ll be glad to know that there are definite ways you can develop it. If you want more confidence in business and life in general, simply adhere to the following three tactics we’ll be covering.

Figure out what forces affect your catering business as a whole as well as individual parts of organizational structure. There are very many aspects of business that will impact your ability to have confidence. Increased confidence is only one side effect of good business skills. Your business does not exist within a vacuum nor do its parts, you need to realize this. It’s also true of the rest of the business as a whole. Your catering business is influenced by many influences as a whole as well as separately. If you find yourself lacking in confidence with your role or function within your catering business, then you know that is something that must be addressed. Giving yourself pep talks has not been very effective. There’s the matter of your unconscious feelings and attitudes that override the words you consciously repeat. The best alternative or solution is to use the imagination you have tucked away wisely. Whatever you want to call it, play mental games with yourself to envision what you need to be like in order to effectively do your job. It is more than crucial for you to see yourself having already succeeded striving for the confidence you want.

You need to tackle confidence building on as many fronts as possible. It may be hard to fathom, but your outward show really is significant – not just to you but also other individuals around you. This is a crucial thing for you to become aware of. So to put it simply, be sure that you look the part that you desire to be. Think about this, if individuals take note of you and can’t make out a business leader, or a person in a catering business leadership role, then they’ll have a tendency to act consequently. When you look and actively “be” the part, then you will see a difference in the way people respond to you. At that point, you will start to feel more convinced of yourself about who and what you are. These feelings of inadequacy are completely understandable. It is possible to accomplish the confidence you need in a variety of ways. Most catering business owners make changes slowly in areas of confidence. Your dedication and perseverance are key to this process and the time it takes to make it work.

3 Tips To Strengthen Your Entrepreneur Development

If you are new to having a home based business then you will of course have thoughts about how you are progressing: Positive, negative, or indifferent. Even the most optimistic people have set backs in their progress but the difference is they bounce back and not let it affect their outcomes.

As a successful entrepreneur you must steer your clients/customers in a positive direction. If you have a positive mindset then you can better help your clients with their problems and lead them to success too. All of this can be done by the following three tricks:

1) Be prepared for negativity

A lot of the time people do not know they have a negative mindset but simple statements such as ‘I can’t succeed’ ‘I don’t know how to blog’ ‘I have no help’ are all negative thoughts. With all the information on the Internet today there are plenty of resources where you can find information.

Learn to embrace and leverage information for your success. Change ‘I don’t’ or ‘I can’t’ with ‘I will’ and ‘I can learn to… ‘

Learn from positive people and model their success. If you are empowered to succeed you can help others to succeed too.

2) Complete the tasks you are supposed to complete

Having a list of things to do is always helpful in making you feel you have accomplished something no matter how small the task is.

If you can see small changes it will encourage you to complete the other tasks you are meant to do and this is the only way you will see success. Have your end goal in mind but make sure to take it step by step – you will get there.

Add positivity to the end of your sentence. Instead of just saying ‘I have 3 more tasks to do’ say something like ‘I have 3 more tasks to do but by the end of the day I will have my blog set up and things set up in place to make my business succeed.’

The more clear the image of success is in your head, the more you are likely to achieve it.

3) Take the time to redefine yourself

A lot of people who are new to starting a home based business or looking to start a home based business have problems redefining themselves.

You have to have a whole new mindset and outlook in order to succeed. When I first started in the home based business industry I thought all of this was airy fairy and didn’t matter. But I WAS WRONG.

It is important to have the right mindset.

Nothing is permanent so you must read and learn from others who are achieving the success that you want in your life and business. You must never be the smartest person in the room – always learn from others and their experiences and mistakes.

Believe it or not, there is a lot of power in positive thinking.

Sales Tips For The Home Based Business Entrepreneur

Sales are the life-blood of every business. Without regular sales we don’t have a business. We may as well go and work for a boss. “Aaaggghhh. Never again”, I hear you say.

Keeping yourself up to date with modern sales tips and techniques is vital in the 21st century. Most of those tired and worn out sales strategies of the 80’s and 90’s will no longer cut it in this fast paced world. However, some things remain unchanged.

If you are looking to grow your business… and if you are not, then you are going backwards… you need to generate ongoing sales.

There are only two ways to get more sales:-

1. Sales from new customers

2. More sales from existing customers

Clearly, you must tailor your marketing and lead generation strategies to meet the different priorities of prospects and existing customers. Once you have engaged with a new prospect, it is essential to have a sales process that focuses on generating trust and building a relationship. The sales process for existing customers needs to be a little different, leveraging the existing relationship and focused on a better understanding of the customer’s situation and future needs and wants.

Furthermore, different processes are needed for face-to-face situations and web-based interactions. Attracting new customers via the web requires a “give before you get” attitude that builds trust and develops a relationship over a period of time. A very significant proportion of businesses spend most, if not all of their time and money trying to attract new customers. In focusing everything on “new business”, they pay little or no attention to their existing customers. Are you one of them?

It costs between 5 and 10 times as much to gain a new customer as it does to grow an existing one. Existing customers continually “disappear” if they are not looked after. Indifference (not price, not quality, not competitors) is the most commonly quoted reason given by customers, for changing supplier/service provider. Furthermore, if you fail to take care of your existing ‘A’ and ‘B’ class customers, you are denying yourself the most cost-effective, high quality source of new customers – referrals.

Successful businesses are systemised businesses. These “systemised businesses” identify, design, document and implement effective systems to ensure consistent, high quality engagement with their markets, prospects and customers. They understand the importance of relating to and understanding their customer base. They stay in touch with their ‘A’ and ‘B’ class customers and treat them like gold.

The ‘C’ class customers (you know the ones I mean… the complainers and tyre kickers) can be let go. They will only cost you money in the long run.