1. Do you have enough start-up capital and a back-up income?
It takes money to make money, even if it is only a home business. Make sure that you have enough funds to equip yourself and begin marketing before taking the plunge. Also, don't expect to make a lot of money in the early stages of your business. You will need to set aside enough money to provide for you and your family during the initial start-up period for your business. Consult with other similar businesses and find out how long it took them to become viable.
2. Are you a self-moving person?
This is the key quality that separates an employee from and entrepreneur. If you need to wait around and be told what to do, then you would find it easier to get a job with a company rather than to launch your own business. On the other hand, if you are able to think of an idea and carry it out without prodding from someone else, then you may be able to succeed in your own business.
3. Are you willing to work more than a standard 9-5 day?
When you work for someone else you are contracted to work a certain schedule. At the end of the day, you can often able to just forget about the job, go home and relax. When you have your own business you carry a load of responsibility on your shoulders and you will often end up working longer hours than a normal salaried employee. If you like what you are doing and if your business is financially rewarding then you may not mind putting in a lot of extra hours and working when other people are resting. Once again, there is no "right" or "wrong" here. It is just a question of looking deeply at yourself and finding out what you are best cut out to do.
4. Is your family ready to back you up?
You may have a great idea for your own business, but before you begin you have to see if your family is ready to support your ideas. If you start your own business there may be an element of risk and an increased demand on your time. Owning your own business and having a lot of responsibility can also be very stressful. It is crucial that your closest loved one, the ones who share your life, also share your vision and will provide the emotional support and understanding that you need in order to be successful.
5. Are you passionate about the business that you want to set up?
In order to be successful in your own enterprise you will have to be self-moving and you may have to work harder than an employee in someone else's firm. If you do not really like what you are doing you will find it hard to get the inspiration and drive that is required for such a task. Choose an activity that you know something about and choose an activity that you enjoy doing. The ideal business would be one where you have some prior knowledge and something which you enjoy doing. One thing to remember, there is nothing wrong with being an employee and working for someone else. There are a lot of advantages in terms of job security, steady income, standard hours and other benefits. It is just a question of looking at your total situation and making the right choice. On the other hand, if you do possess the qualities of an entrepreneur and really have a good idea backed by adequate capital and expertise, then starting your own business may be the best thing you will ever do.
"The entrepreneur in us sees opportunities everywhere we look, but many people see only problems everywhere they look. The entrepreneur in us is more concerned with discriminating between opportunities than he or she is with failing to see the opportunities." Michael Gerber
Tuesday, July 8, 2008
Five things to consider before starting your own business
Monday, July 7, 2008
Home equity loan
More and more lenders are offering home equity lines of credit. By using the equity in your home, you may qualify for a sizable amount of credit, available for use when and how you please, at an interest rate that is relatively low. Furthermore, under the tax law--depending on your specific situation--you may be allowed to deduct the interest because the debt is secured by your home.
If you are in the market for credit, a home equity plan may be right for you. Or perhaps another form of credit would be better. Before making a decision, you should weigh carefully the costs of a home equity line against the benefits. Shop for the credit terms that best meet your borrowing needs without posing undue financial risk. And remember, failure to repay the amounts you've borrowed, plus interest, could mean the loss of your home.
Sunday, July 6, 2008
Affirmation Imprinting
a statement over and over again, day after day,
until it makes an "imprint" on your subconscious.
Once this occurs, your subconscious mind will sense
a difference between what it sees as being "real"
and your outer physical world.
This difference will cause a tension and your
subconscious mind will provide you with ideas,
motivation and behaviors so that your outer world
will begin to match up with your inner world.
It will seem almost magical the way doors and
opportunities open up for you everywhere in order
to make that affirmation a reality.
But wait! In order for the affirmation imprinting
to occur most effectively, the affirmation statements
need to be written a specific way.
Three guidelines to powerful affirmation statements:
1. They must be personal.
2. They must be positive.
3. They must be in present tense
The Big Secret
live a rich, successful life?
Is it the school you went to? Well, there are a lot
of doctors, lawyers and top tier MBA's wishing
that were true.
Is it whether your parents were rich or poor?
The history of the world is told, it seems, by those
bold and daring folks that came from humble
beginnings to make a rich and lasting contribution
to the wealth of humanity.
Is it what country, station, race, gender or religion
you were born to? Gandhi, George Washington Carver,
Carrie Nation, Sam Walton, even the Beatles testify
to the folly of such thinking.
The big secret to wealth is and always has been very
simple. So simple in fact that we have for centuries
ignored its effectiveness. And when you hear it now,
you may be tempted to discount it as a homily or
even a remnant of religious thinking.
The truth is we use this secret in a very specific and
systematic way to become Rich Beyond Our Wildest
Dreams. And you can too.
Ask and Receive.
That's the big secret. You can have anything you
want, all you have to do is ask correctly and be willing
to receive.
*mind power* secrets: Lesson 1
do, or be -- your mind can make happen.
But the reality is... as powerful as the mind is, humans for the
most part greatly under use it. We've all heard the theory that we
only use about 10% of our brain's capacity.
Just 10%!
What's even crazier is that new studies suggest we don't even use
that much. It may be closer to 1 percent ...even as low as 1/10th
of 1 percent.
So "why" aren't we using more of our brains and minds?
I believe it's because we honestly don't realize how much we're
capable of.
==> WE HAVE THE TOOLS TO ACCOMPLISH ALMOST ANY GOAL WE SET FOR
OURSELVES RIGHT NOW!!
Most people just don't know it.
Here's a Visual Representation of what I mean:
Right now, right this very second, you live in this oversized, ten
million dollar mansion. It has 26 bedrooms, 32 bathrooms, an
indoor heated pool, a bowling alley, two kitchens, three exercise
rooms, a movie theater, six hot tubs, and even a carousel for when
kids come over.
Trust me, you have all this right now inside you.
The problem is you don't know it. And because you don't know it
...you are living in a small, cramped closet in one of the many
bedrooms that you have.
Now - if you *knew* about the rest of the house, you'd be out of
that closet in a second, wouldn't you?
Unfortunately most people don't know the rest of the house exists,
so they live frustrated in that cramped little closet....
Feeling trapped, poor and unhappy - when there is a MASSIVE FEAST
on the other side of the door.
Ok, so now you know about the mansion inside of you. What's next?
Once you realize you have this incredible potential already in you,
the next step is to use simple but powerful techniques to help your
'subconscious mind' transform your potential ...into REALITY.
There are some very *powerful* mind techniques that've been around
for many years, but few people know of them ...and even fewer still
actually perform them.
If you look at the biographies and writings of most great
individuals, you will see they put these "mind techniques" into
daily practice (although many did so without being aware of it).
This Is Exciting News!
Just Think: Whether you want a million dollars, a slimmer figure,
more confidence, a better golf game, or anything else ...you can have
it.
Performing these 'mind techniques' puts you back in charge.
In the coming days, I'll be providing you with clear,
easy-to-follow "action steps" and guidance to help you activate
your 'hidden mind powers', and get you on track to reach your goals
and your dreams faster and easier than you thought would ever be
possible.
This will become your guaranteed "Action Plan" for SUCCESS -- in
every and any area of your life you choose to apply it.
The Simplest Plan in the World for Getting Whatever You Want
STEP ONE: KNOW WHAT YOU WANT
Yes, it seems so obvious, doesn't it?
You must know what you want in order to get what you want. Yet this most basic fist step is missed by the majority of people. You must know what you want as specifically as possible. This is the magic first step.
Daydreaming about your future will not bring you what you want. Waiting for life to work out the way you've always expected won't bring you what you want. The only wayt o get what you want is to decide, with clarity and focus, exactly what you want to create.
So how do you know what you want? Well, it's very simple. Write down your desires, your dreams, and everything that you want for your life. Then pick the one thing on your list that you know you could accomplish if you dedicated some energy to it. Pick that one and forget about the rest. Pick the very next goal in the creation of your live and go for it.
Focus, focus, focus. Don't waste your energy wishing and dreaming for a million and one things. Pick one and go with it. Just as the journey of a thousand miles begins with a single step, so does the journey to your ideal life begin with a single goal.
So begin with an easy, do-able goal, so far unaccomplished, plug it into this 4-step system. Write down as specifically and exactly what it is you will create. After it's finished, move on to the next goal.
STEP TWO: FOCUS ON WHAT YOU WANT
You must give positive focus, energy, and attention to your goal. Setting a goal and then forgetting about it will not do. You must imprint it on your conscious and subconscious mind until it becomes reality.
Remember, thought is blindingly fast compared to the manifestation of thoughts into reality. Of course, as you practice this system and become more confident, your thoughts will come into reality much more quickly. But as a beginner, you must keep your energy and intention directly on your goal.
You must focus on what you want, not on what you don't want. Stop complaining about things that are not the way you want them to be. Instead, decide how you would like them to be and focus on that. Whenever you find yourself giving attention to some area of your life with which you are unhappy, immediately ask yourself "What do I want in this situation?" and focus on the answer.
Take a look at your goal every day, give it positive focus and attention. Before you fall asleep and after you wake up, instead of worrying about your problems, imagine your goal successfully attained, and feel how you would feel if your goal was accomplished. Go to sleep with this feeling, and your subconscious mind will quickly find a way to bring it into your reality.
STEP THREE: TAKE ACTION NOW!
You must take action towards your goal, and you must take action right now! There is no other time that you can act. The past is gone, the future is an illusion. Making plans to take action is not action. You must take action right now.
There is always something that you can do to propel you towards your goal. It doesn't matter how tiny the action is, or how insignificant you might feel it is, you must do it. There is always some small step you can take. Take that step.
You must convince your subconscious mind that you are serious about accomplishing your goal, and there is nothing more convincing than taking action.
No matter where you are along your path to your goal, no matter how near or far you mihgts feel to be, there is always an obvious next step you can take. Take that step in this present moment. Right now.
If you have trouble figuring out what to do, or are paralyzed into inaction because it seems there are too many things to do, just do this: Make a list of all the things that need to happen in order for your goal to arrive. List all the intermediary steps that you will experience as your goal begins to enter your life.
Somewhere on this list will be the obvious next step. Do it. Do it now!
If your goal is truly out of your hands, you need a new goal. Waiting for other people to change or give you what you want is a sure way to always be unsatisfied. You must pick a goal you are in control of and do whatever it takes to make it come true. That is the only path to power and mastery in life, and the only way to ever feel fulfilled.
STEP FOUR: CHOOSE THE SAME THING EVERY DAY
You must be consistent. You must, consistently, choose the same goal every day until your goal is accomplished. You cannot send out constantly changing vague wishes into the universe and expect to create results in the real world.
It's as simple as ordering a meal in a restaurant. You must decide what you want and then ask for it. If you can't make up your mind the waiter will simply server someone else until you're ready. If you do not provide the universe with a specific goal which you consistently ake action toward, your "meal" will never come to you.
And the most important secret of all...
DON'T GIVE UP UNTIL YOUR GOAL IS ACCOMPLISHED
The Master Key Psychological Chart
It is a psychological fact that 90% of our mental
power is never or seldom used. Therefore, most men
have the power to achieve ten times as much as they
ever accomplish.
This chart will tell you exactly where you stand,
what you are accomplishing, and what you can
accomplish if you make the necessary effort.
Fill this in
Mental Product.......................
Health........................
Time Efficiency....................
Creative Power.........................
Concentration.................
Total.........................
Divide by 5 (Average).....................
Mental product is about your self worth. Are
you cashing in on it? Are you getting full value
for it? Estimate the value of what you have to
SELL - your knowledge, experience, energy - and
if you are marketing it at its full rate, give
yourself 100%. If you are getting half of what
it is worth give yourself 50%.
Health. If you can eat well, sleep well, take
a reasonable amount of recreation and attend to
your business, profession and household duties
without any consideration for the state of your
health, give yourself 100%. But if your body needs
constant attention and you are continually worried
about what to eat or what not to eat etc, then
deduct from the 100%. If you think your health is
90% or if you are only 50% efficient, then put it
down. Be absolutely fair.
Time efficiency. If you work 8 hours, sleep 8 hours
and use 8 hours for recreation, study and self
improvement, all the time is fully utilized, give
yourself 100%. But if any part of the 8 hours should
you spent in idleness, gossip or any form of mental
dissipation; cut your percentage accordingly.
Creative Power. If most persons whom you meet do
what you want them to do; if they feel toward you as
you wish them to feel; if they think what you want
them to think, then give yourself 100%, for everything
we get must come from others. There is no other channel
by which success can reach us. If, however, you have
to make a tremendous effort when you wish to accomplish
something, if you have to fret and worry, cut your
percentage down to 50% or 40% or even less, because you
do not understand the principle involved.
Concentration. Can you concentrate and focus? Do
you know what it means to concentrate? Can you direct
the thought to any problem that may arise for 5, 10,
15 minutes without getting distracted? Be careful to
give yourself exactly the percentage to which you feel
you are entitled.
Now strike an average. See where you stand. If you
are a little above average, your chart will look
like this:
Mental Product.......................
Health........................
Time Efficiency....................
Creative Power.........................
Concentration.................
Total.........................
Divide by 5 (Average).....................
Assuming you are earning $24,000 a year and that
you feel that your mental product should be worth
$48,000 a year, which is the basis for your
calculation, then any method which would assist
you to increase your earning power to $48,000 a
year would be worth $24,000 a year to you.
Again any method that would bring you health,
efficiency in your time, efficiency in your
creative power or increase your ability to
concentrate would be worth at least $24,000 a
year to you.
The "Mind Power Special Reports" is a system
of applied techniques based on practical science
to increase your mental product, health, time
efficiency, creative power and concentration.
You will see - you must see! - that our thoughts
manifest into things and that once we enter into
the discipline to plant positive thoughts, we
will bring about positive radical changes in our lives.











