Entrepreneurs Develop A Workaholic Mentality!

Entrepreneur Mindset Secret ~ Develop A Workaholic Mentality!

All self-made millionaires work hard, hard, hard. They are addicted to hard work.

Why?

Because they know the formula for success that’s why! They know the outcome they are seeking and they know and understand that they have to work hard to get there. They know and accept the fact that making money is a formula and you have to follow the formula.

They have their dream, their goal, their plan and the desire to work hard to achieve the success they are striving for. They know that there is no such thing as becoming a Self Made Millionaire overnight! (Even if you had a money tree in the back garden:)

They know that if they want to turn their dreams into reality ~ then it’s up to them to make it happen!

These are the people that have the desire, the dedication and the discipline to learn the skill sets and they take massive action to get the results.

Ask any “Overnight Success Story” ~ HOW THEY MADE THEIR MILLIONS and HOW THEY BECAME AN OVERNIGHT SUCCESS STORY!

We have to get real here….and all Self Made Millionaires will tell you exactly the same thing…they worked long and hard, and usually you will find that they have been quietly working away, burning the midnight oil, learning the skill sets, honing their skill sets and usually taking a few, if not many years to actually become the “Overnight Success Story” they are portrayed to be. They developed a workaholic mentality.

Self Made Millionaires are just that…Self Made Millionaires!

What a Self Made Millionaire is not:

* NOT one of the lucky few who win the Lottery
* NOT born with a silver spoon in their mouth and inherits the family fortune
* A Struggling for cash EMPLOYEE

What a Self Made Millionaire does

* Starts earlier
* Works harder
* Stays later

They develop the reputation for being amongst the hardest working people in their fields, and everybody knows it. They know and practice the 40+ formula. This formula says that you work 40 hours per week for survival. Everything over 40 hours is for success. If you only work 40 hours, and the average work week today is closer to 35 hours, all you will ever do is survive.

It’s virtually impossible to get ahead and even more impossible to be a big financial success. You’ll never be highly respected and esteemed by your colleagues. You will always be mediocre if you just work the basic 40 hour week. Now this may sound a bit on the harsh side, but you know it’s true.

If you are like 95% of families then you are probably, “too busy making a living ~ to have time to make a life”

It doesn’t have to be this way. There is a way for ordinary families to become extraordinarily wealthy, to become Self Made Millionaires. There is a way!

Think about this: every hour over 40 is an investment in your future. In fact, you can tell where you’re going to be in five years by looking at how many hours over 40 you put in every week.

The average self-made millionaire in America today works 59 hours per week and some of them work 70 and 80 hours per week. The average self-made millionaire in America works six days per week rather than five and works longer days, as well. If you want to call a self-made millionaire, phone the office before normal working hours and after normal working hours. The self-made millionaire is usually there when the staff arrives and is still there when they leave.

And here’s the key: work all the time you work. When you work, don’t waste time. When you get in early, put your head down and get started immediately. When people want to talk to you, you excuse yourself and say, “I have to get back to work.”

Don’t drop off your dry cleaning, phone your friends, socialize with your coworkers or read the newspaper. Work all the time you work. Resolve today to develop the reputation for being the hardest working person in your company. This will bring you to the attention to the people who can help you faster than almost anything else you can do.

A Self Made Millionaire ENTREPRENEUR

Now this is a different breed altogether. An Entrepreneur has a completely different mindset to that of an Employee. Even though we may all start out as employees, it is the people with an Entrepreneurial Spirit who quickly realize that “Profits” are better than “Wages”. These are the people who do all of the things a good employee does as described above in their 40 hour a week J.O.B’s (Just Over Broke)!

However, the average family is about 2 months away from bankruptcy. Think about it for a moment and be honest. If you lost your job tomorrow and had no other source of income, how long could you truly manage to make your weekly and monthly financial commitments?

This is the scary statistic that is the cause of approximately 70,000 families a week starting a “Home Based Business”. They are all trying to create a secure financial future for their family. Unfortunately statistics also show us that 95% of these people fail within their first 45 days. Why is this so? Simple, it’s usually because they have never run a business before, they haven’t taken the time to develop the skill sets necessary to achieve success and they try to go it alone, without the back up of a support team.

Ask any Self Made Millionaire in fact any type of millionaire or even a billionaire and they will all tell you the same thing. They all have a great support team around them. Just ask Oprah! They delegate a lot of their work, they outsource, they have trainers, coaches, mentors, advisers…….whew all sounds a bit complicated doesn’t it? This is where the majority of “home businesses” fail and a vast number of people have heir dreams crushed. It doesn’t have to be this way.

Now with the latest technology at our fingertips and the Internet being the largest marketplace in the world, everyone with a computer and an Internet connection has the opportunity to run a multiple six figure business from their home. This can be done alongside your normal J.O.B. until such time as you have doubled your normal monthly income…..then the day has arrived when it’s time to tell your boss… “I’m sorry, I have to let you go!”

Develop A Workaholic Mentality!

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How to Clearly Describe Your Product As an Internet Business Entrepreneur

Do you use a web site for you marketing? Sure, we all do. Then you probably know that it is crucial to be able to describe what you have to offer to those who are looking for it. You need to get the attention of your site visitors, get them to read your message, and hopefully to take action on whatever you want them to do.

Some web-masters try to achieve this objective by utilizing plenty of bells and whistles, flashy things or goodness forbid, sounds and music. Stuff like electronic greetings cards, screen-savers or free e-mail services are merely a few of the tools used to try to get future customers to remain at a selected site for longer amounts of time.

It’s affectionately called making your site ‘sticky’. And there’s nothing intrinsically wrong with any of those techniques, unless the purpose of your internet site is to sell vacuum widgets to your clients. If that is the case, your client will be small fascinated by anything apart from the smooth, efficient and cost-effective operation of their vacuum apparatus, and the goods that may help them to do that. However back to our subject, which is all about explaining the purpose and benefits of your business to those who may be interested.

This is best accomplished by employing the fundamental question model employed by reporters in developing a reports story: Who, what, when, where, and why? For your purposes, you may only have to answer 3 of these: Who, what, why? ‘Who’ explains who you are or who your company is. ‘What’ explains your service, and gives you a chance to highlight for the consumer its features. ‘Why’ explains the advantages of using your product or service, and also offers a possibility for you to distinguish yourself and your product from the competition.

By responding to the previous questions, you can fully but momentarily give your buyer enough info to ascertain whether or not they are enthusiastic about what you are offering. Nobody wants to feel as if they are reading a novel or attempting to unravel Shakespeare. In reality it should not feel to them as if they are reading.

The bottom line is this; being able to clearly state your sales message is crucial, and therefore deserves your work and attention. Get a USP for your business, which is a unique selling point. What separates you, your business, or your service? This needs to be explained to your prospect with effortless ease.

Have Online Business Entrepreneur Success – Take the 100 Day Challenge

If you do the 100 day challenge the next 100 days can alter your life and let the entrepreneur success in you happen. Online business is not only one of the best opportunities available these days but also one of the easiest to start. You can commence your online business with extremely little start-up costs and you do not have the costs associated with business premises. That means less risk.

To achieve success you need to change what you do, and by making small changes on a daily basis you will very soon start to see major differences. It has been said that it takes about one month to change a habit and to make the new habit a permanent one. By doing the 100 day challenge your mission is to create change in your life and change with your mind-set by incorporating new actions and thoughts.

With your online business you set your goals then break it down to a monthly activity plan, and next a weekly one followed by a daily one. Each day do a little for your business, it maybe a new article, a new video promotion, or some activity on one of your other marketing campaigns.

The more you can do the more you will achieve. But by focusing on your daily activities for the next 100 days you build new habits and a new mind-set along with building your entrepreneur success.

Anything you believe on a daily basis becomes your reality. Success is a habit and all you only need to form new habits and thinking patterns. If you are seeking entrepreneur success you must change what you do and what goes on in your mind so you get the new results in your life.

By allocating a few hours in making your plans and committing yourself to daily action over the 100 days you will draw success towards you.

Every evening compile a short list of tomorrows activities, it not only is as a reminder but helps to keep your momentum going.

By working on your mind-set and your business you acquire the skills vital for entrepreneur success. All success starts in your mind. Develop positive thoughts and then push away the negative ones.

Take the 100 day challenge and it will change you and your life. By moving towards your goals in small steps they will begin to get larger.

Bootstrapping To Save Cash – A Concept Made for Small Business Entrepreneurs

I define bootstrapping as “pursuing success with limited resources and with the help of others.” By limited resources I mean a shortage of money or knowledge. Here are some tips and ideas to help solve these shortfalls for small and wannabe entrepreneurial business owners. These ideas are particularly apropos in today’s environment.

Barter

Barter, one of the world’s oldest forms of commerce, is thriving today because it allows companies to trade their products or services for other needed products or services with little or no cash involved. You can utilize your excess goods, manufacturing capacity or time to obtain needed things of every imaginable variety. Bartering can also help you reach and acquire new customers through satisfied trading partners that, if pleased, will buy again with cash and provide good word of mouth to others.

Most barter today is done through exchanges that match up the traders for a fee. You can learn more about the details and find a barter exchange near you by doing a simple online search or visiting the International Reciprocal Trade Association.

Free Consulting

SCORE is a government agency with the mission to provide resources and expertise to maximize the success of existing and emerging small businesses. All SCORE counselors are volunteers, mostly retired executives who want to give back. There is no charge, and everyone who calls gets an appointment. There are more than 370 chapters in the U.S. SCORE does not loan money, but it will advise you on how to get it. Visit the website to find your local office.

The Small Business Development Center is another government agency that basically does the same thing as SCORE but with paid employees and even more educational classes. There are more than 1,000 centers in the U.S. Like SCORE counseling, SBDC counseling is also free.

Mentors

Mentors are experienced, successful businesspeople who are willing to help entrepreneurs get started and grow at no charge. A good one can be the key to success for an emerging company. Mentors can be found in myriad places: family, former teachers, suppliers, the local Chamber of Commerce, people you admire, etc. If you find a good one, be sure always to keep him or her in the loop and say thank you.

Special Offers to Key Customers

It is difficult for small companies to sell to large customers in any environment. An effective way to overcome this challenge is to offer your target an exclusive: your product, a package, a design, a channel of distribution–something special and different from the competition. The exclusive can also be time-sensitive. In return, you can ask for distribution in all of the company’s outlets, free ads, better payment terms or any other goody important to you.

Suppliers

Almost every company needs reliable suppliers. They can contribute to the quality of your business with on-time delivery or innovation and solve some of your financial problems by giving you extended terms. Some suppliers may even be willing to invest in your company. The best suppliers can help make you more competitive and reliable. To gain supplier cooperation, treat suppliers fairly and pay all of their bills on time.

Publicity

Getting coverage about you, your company or your product in print, on TV, on radio or on the web can be more credible than a paid ad. You need not be an expert to get such media coverage. Remember that the writer’s job is to write, and they all need stories. Why not yours? Start by approaching your local media with interesting facts or anecdotes about yourself, your product or service and how you started the company. Writers usually prefer the passion of the company founder to a pitch from a professional publicist.

Outsourcing

Outsourcing can convert the fixed costs of full-time employees to the variable costs incurred only when you need them. This is a major cash-saving strategy that also can yield better quality and know-how as well as access in the case of sales reps. The myth about outsourcing is that you lose control. You may actually have more control because if a vendor doesn’t do a good job, you can just find another. You need not sacrifice control by outsourcing. Another myth is that outsourcing means sending work overseas. This does not have to be true. Anything not done in house is outsourced, whether you get it done down the street, in another state or in another country.

Building Trust

If you are trusted, customers will want to do business with you, employees will be motivated, and lenders and investors are more apt to give you money. You build trust by refusing to compromise on doing the right thing and conducting business ethically. Trust relentlessly pursued can pay great dividends.

Selling

Selling is “persuading someone to take an action favorable to all parties.” There is no selling gene. Selling is an acquired skill best honed with experience. Everyone in the company should be selling with the CEO being the most important seller. There is no cash outlay for selling except for travel. You can do it.

Your attitude is a crucial success factor, so keep your passion high. Don’t let fear of failure hold you back. Keep your ego under control, take care of yourself, rebound quickly from setbacks and always watch the cash.