Sunday, July 29, 2018

Money Instructions

Bake a cake, put together a bookshelf that comes in a box, learn how to operate your new remote for your TV... you simply read the instructions and do as they say.  What we do isn't quite that simple, but almost.  Whether we call it instructions or principles, let's get to the point.

There are core things you need to understand in managing a home business.
  1. Everything hinges on you having a way to get "what you have" in front of people for them to evaluate.  We specifically target types (or groups) of people and use methods that are low cost or no cost.  If you are not telling people about what you do, you are not in business - and your business will not survive, let alone grow.  This has to be done with regularity and consistency.  Initially, it is all you do.  Then, you need to apportion chunks of time to teach others what you do.
  2. Inherent in doing #1, requires a commitment of time.  This time will replace old patterns and habits.  We will do a time analysis with you and get you to commit to how many of the 168 hours a week you will invest in your business.  This is a baseline inventory of your life.
  3. Inherent in #2 is "change".  Not successfully adapting to change is the primary reason people do not thrive in a home business.  If you are not willing or ready for things to be different in your life and how you spend chunks of your time, you will remain where you are.
  4. Your authentic self is critical.  Our community is built on a foundation of transparency, integrity, and authenticity.  Being open and honest about who you are, what we do and what our motivations are is critical to the establishment of trust.  Without the ability to earn trust, you will not succeed.  
  5. You need to understand the principle of reciprocity.  This means you exchange things with others that match or are equal.  It is somewhat akin to playing tit for tat.  For example, if someone tells you (or you ask them) that their favorite color is blue, you respond with your favorite color.  Now take this and apply it to any piece of information you might learn about, or want to disclose to someone.  This builds trust.
I could go on.  This is a good start to understanding the core of what is important.  Having a budget, understanding the numbers, baselining and benchmarking your progress... there is a ton more to integrate into your "becoming" a professional home business owner.


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