Starting a 'Financial Vehicle' to Freedom, 3 Points NOT To Miss!
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patrick
You've just started a new business venture, or about to buy into a property investing scheme or perhaps a home based business. STOP! Before you make that final decision - these are 3 important things you should think about, to ensure long lasting success.
1. Is this something you are interested in, or even better, passionate about? You may have the best money making opportunity in the world - but if you do not enjoy, or worse hate doing the actual daily activities involved, it will never last. So, make sure you research what the actual daily duties will be, ensure that your values and beliefs align with the financial vehicle that you choose and you have a genuine interest in it. If that is all there, great - if not, re-evaluate. My personal example was stocks. I hated studying the market and learning the jargon, however I persevered and ended up wasting time and money when I finally admitted it wasn't for me.
So in summary - do I like what I would be doing, am I interested in it and could I fall in love with the opportunity? These are all essential for a long term opportunity to last.
2. Ensure that it is a proven system. This is very important if you want to increase your chances of success. Yes, you may be starting a business that hasn't ever been done before, but in that case make sure you have done a thorough business plan, including competition analysis, contingency plans and research with proven statistics. The more proof you have, the better the option. This goes for following a Stock Market system, Home Based Business, and Property Investing. Look for proof that it has worked in the past, and don't just take one persons advice - call another industry smart person and ask them.
Research, investigation and evidence will prevent you from wasting any of your precious time, that you could be spending with a successful opportunity! As all good carpenters say - Measure twice, cut once.
3. Lifestyle and Freedom Goals are the reason you are looking at a financial opportunity - so make sure you know what they are! Don't get caught up in the excitement of the potential success you are going to have, until you have checked that this opportunity will give you exactly the lifestyle you want. I mean it is all well and great if the property investment scheme is going to give you money in 10 years, but if you wanted an opportunity that will help you escape the rat race now, then you need to look at the next one. This also goes for home based businesses - you may be looking to be at home with the kids, but if you have to be in your home office from 8am until 8pm, then that won't work either.
Write down your long term goals of the lifestyle you want to achieve first, and then see if the money making vehicle will help you to attain that.
With these 3 points, and your future mapped out with lifestyle goals you are on your way to success. All you need to ensure success is some commitment, determination and of course - don't forget to have fun. After all - life is for living, and it's the lifestyle with a smile you want!
1. Is this something you are interested in, or even better, passionate about? You may have the best money making opportunity in the world - but if you do not enjoy, or worse hate doing the actual daily activities involved, it will never last. So, make sure you research what the actual daily duties will be, ensure that your values and beliefs align with the financial vehicle that you choose and you have a genuine interest in it. If that is all there, great - if not, re-evaluate. My personal example was stocks. I hated studying the market and learning the jargon, however I persevered and ended up wasting time and money when I finally admitted it wasn't for me.
So in summary - do I like what I would be doing, am I interested in it and could I fall in love with the opportunity? These are all essential for a long term opportunity to last.
2. Ensure that it is a proven system. This is very important if you want to increase your chances of success. Yes, you may be starting a business that hasn't ever been done before, but in that case make sure you have done a thorough business plan, including competition analysis, contingency plans and research with proven statistics. The more proof you have, the better the option. This goes for following a Stock Market system, Home Based Business, and Property Investing. Look for proof that it has worked in the past, and don't just take one persons advice - call another industry smart person and ask them.
Research, investigation and evidence will prevent you from wasting any of your precious time, that you could be spending with a successful opportunity! As all good carpenters say - Measure twice, cut once.
3. Lifestyle and Freedom Goals are the reason you are looking at a financial opportunity - so make sure you know what they are! Don't get caught up in the excitement of the potential success you are going to have, until you have checked that this opportunity will give you exactly the lifestyle you want. I mean it is all well and great if the property investment scheme is going to give you money in 10 years, but if you wanted an opportunity that will help you escape the rat race now, then you need to look at the next one. This also goes for home based businesses - you may be looking to be at home with the kids, but if you have to be in your home office from 8am until 8pm, then that won't work either.
Write down your long term goals of the lifestyle you want to achieve first, and then see if the money making vehicle will help you to attain that.
With these 3 points, and your future mapped out with lifestyle goals you are on your way to success. All you need to ensure success is some commitment, determination and of course - don't forget to have fun. After all - life is for living, and it's the lifestyle with a smile you want!
About the Author:
Hayley Weatherburn is an Entrepreneur Coach who enjoys coaching others to success, but also has her own home based business in self-development that actually shows everyday people how to achieve their own entrepreneurial success. Hayley only works 2-3 hours a day on her business, and lives her own lifestyle the way she chooses. Sounds good? Click on Entrepreneur Opportunity
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