Today I'd like to help you focus on the key basic success
principles and ways you can practice them throughout your
own life and ultimately towards extreme work from home
business success.
I'm going to try and build on your current understanding of
risk-taking and risk-reduction so that you will be better
equipped the next time you have to make a decision.
I'll also help you to understand further beliefs that will
benefit your decision making skills and therefore minimize
those common risks linked with work from home business
success.
How to Evaluate a Decision
Whenever you are next pondering over a work from home
business decision, ask yourself the following questions:
What is the worst case scenario? What would be the most
ill-fated outcome that could occur if I decided to go ahead
with this?
For some work from home entrepreneurs they may straight
away say "generate zero leads" for others it could be to
"run out of cash before I've built up enough marketing
momentum." Whatever it is, make sure that you are
absolutely clear about it and then make this your primary
aim to avoid. Focus everything you have into making sure
your worst case scenario doesn't affect your work from home
business success.
By asking yourself these kind of questions before you get
involved in anything considered risky such as a new home
based business or investment will give you the plan of
attack, direction and focus that you need.
Turn this plan of attack into a list, next to each
corresponding worst case scenario. So for example in your
work from home business you may be using PPC
(pay-per-click) marketing and you may find that your
average CPC (cost-per-click) rates are beyond your budget.
Your plan of attack therefore could be to research less
competitive keywords with much lower average CPC's.
This thinking ahead is purely anticipation. You are
visualizing the future. You are mentally and physically
preparing yourself for every possible catastrophe.
The Billionaire Mindset
Some people may believe some of these beliefs to be that of
negative thinking but they are simply realistic. There is
an old saying, 'plan for the best, expect the worst.' This
is absolutely critical to the understanding of success.
'The road to success travels over rocky ground' or 'of all
things that can go wrong, the most expensive thing will go
wrong at the worst possible time'
My point is if you have the right measures in place in
order to counter attack the worst case scenarios you are
protected against such enemies of success.
Success takes time. Quite often a little longer that what
you originally thought and had planned for. A sensible rule
of thumb would be to triple your milestones that you
originally come up with for a far more realistic figure.
You could also use this new figure as a source of
inspiration, making it one of your primary goals; to go
past a deadline or to go over budget is not an option,
don't let this happen.
A Strategy In Case of Emergencies
When you are creating your business plan and covering
expenditures or what initial capital investment will be
required, add 20% onto whatever figure you come up with.
It's going to be almost impossible to estimate to 100%
accuracy what you're going to spend, therefore use this 20%
as your 'emergency fund.'
Try and keep to your original budget but should business
not work out so simple at least you have options, just make
sure you only use it unless you absolutely have to, hence
the name 'emergency fund.'
Remain in Touch with the Real World
If you were to speak with any successful entrepreneur you
would find them to be profoundly realistic. To rely on luck
is pure nonsense; you create your own success through
utilizing the laws of success, some of which you are
learning today.
To rely on luck is like relying on somebody to knock on
your door and offer you $1 Million! Luck is often a word
used by those who are ignorant of success to explain why
those less ignorant of success are experiencing success in
their lives. They may say, "Not everybody can be as lucky
as she is."
Risk evaluation needs to be at the core of your and every
successful entrepreneur's planning stages. Plans of attack
need to be thoughtfully implemented should problems arise.
Your alternative plan of attack is your protection on the
day anything happens - you will have those days. Lower all
possible variables, outcomes and events into careful
analysis.
Face Your Fears Head On
To intentionally and wilfully embark on the things you
fear, step-by-step, is one of the best methods to advance
your capability to take intelligent risks.
By creating definite, written and quantifiable goals for
yourself, that you reassess regularly, you will steadily
conquer the fear of taking risks.
By having these definite goals and aims in the words of
Napoleon Hill, "...will teach you how to save the wasted
effort the majority of people expend in trying to find
their life's work. These will show you how to do away
forever with aimlessness and fix your heart and hand on a
definite, well-conceived purpose as a life's work."
You will ultimately become more efficient at what you do.
This will raise your levels of flair, capacity and you will
feel heightened levels of confidence about yourself. Your
levels of unselfishness will go up; you become more
rational and much more consenting to bigger future tasks.
You will be the one who is in control of your own destiny.
This is a definite way to enhance your chances of success.
Ways You Can Take Action
1. What are you currently concerned about? What negative
thought, if any, is occupying unwelcomingly your thought
space? Take note and then think what you believe to be the
worst case scenario from this thought. Once you have that
in your mind and you recognise it, that's enough - blank it
out - get it out of your mind at all possible costs.
Instead flood you mind with preventative counter measures.
And then take action. Make sure the worst case scenario
NEVER happens.
2. Similarly, what is the worst case scenario of your
future - become homeless - become bankrupt, etc. Set up
preventative measures to reduce the chances of these ever
from occurring - an emergency fund works tremendously - it
takes your mind off these worst cases.
3. Have definite clear and quantifiable goals that you
assess often, twice daily (morning & evening). Study the
laws of success always to enhance your chances of work from
home business success tremendously.
----------------------------------------------------
Chris Curwen has now teamed with the direct sales grand
master, Jay Kubassek, who together are on a mission to
create success and wealth in others, one person at a time.
AT LEAST 100 millionaires over the next 3-5 years. To learn
more about one of the most revolutionary legitimate work
from home opportunities in existence today go to:
http://www.freedomthroughaction.com .
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