Pre-Requisites for a Successful Internet Home Based Business.

Internet home based business opens up a unique window of opportunity to a person who has a quest for success in the smartest way possible. It is so because:

--Start up cost is negligible
--There is no long-term costly lease
--No fear of theft and other unfortunate events
--The tiring process of recruiting and keeping employees
--Internet home based business overcomes the geographical location. People purchase from my web sites from some places in the world that I never even have heard of.
--It is open 365/24/7
--You do not have to be physically present in the shop. It can generate you money even when you are sleeping. It likely happens so when you have visitors from the other side of the globe.
--It eliminates the difference between a big established store and new store.
--Location, location and location. No need to fight for the best location as long as you have content. If your content is good, the location will come to you.
--No wasting of money on shop decorations.

While anyone can make money on an internet home based business on theory, I know quite some people who started the venture, could not take the freedom or handle the difference, quitted and went back to their usual day job. I am sure you would be able to give a dozen of these kinds of examples, as unfortunately they represent the major group of the population.

I will point out top five essential qualities required to succeed in an internet home based business. They are:

Have Positive Mental Attitude

William James have very nicely summarized the importance of positive mental attitude by his famous quotation: ”The greatest discovery of our generation is that human beings can alter their lives by altering their attitudes of mind. As you think, so shall you be.”

Develop a positive mental attitude and the ability to see the good in everything. Once you have the right attitude, your brain will form the necessary traits to identify the good form the bad and the ugly. You will need positive mental attitude mostly during the incubation period of your new journey towards an internet home based business. This is the time while you have shifted from your day job towards your home based business. The first few days your conscious brain will miss the traffic in the street, the chat with your colleagues and other funny things that people do. At this point, remember; if you plant a seed and dig it up everyday to see how it is growing, will a tree ever come out of the seed? I hope you see the point.

Build Resilience

Actually, we should learn resilience from nature. Look at the warrior tree above fighting against all odds, can you see resilience?The oxford dictionary defines the term resilient as
- Able to recoil or spring back into shape after bending, stretching, or being compressed.
- (of a person) able to withstand or recover quickly from difficult conditions.

While this is an essential quality of every leader and every successful businessperson, resilience is mostly needed in the internet home based business. It is so because in the internet home based business industry, it is often a one-man band, you are the captain of the ship as well as the sailor. You are the General of the battle as well as the soldier. There will be difficulties in every business. As a general of this battle, you will have to be resilient to fix strategy and become a soldier to work through this temporary crisis.

Learn Time Management

internet home based business time management

In one workday in an office, you have eight hours, where as a successful businessperson works way more than that. If you are saying for the better future, I am ready to effectively put as long time as it takes, but I do not know how to use your time effectively and how to keep track? Then I can help you.

Before I start, I will give an example of one of my early days while I was having a day job and switching towards an internet home based business:

-Wake Up: 5:00 am
-Meditation and Prayer: 5:00-5:45
-Reading book: 5:45 to 7:00
-Toilet, b fast and out toward office at 7:15
-In at office 8:00 am
-Out of office at 5:00 pm
-Reach home at 6:00 pm
-Dinner and evening meditation 6:00 pm to 7pm
-Time on internet business according to the morning plan 7 to 9pm
-Work on my newsletter 9 to 10pm
-Reply Emails; check voice mails 10:00 to 10:30 pm
-Aerobics Exercise for the next half an hour 10:30 pm to 11:00 pm
-Prepare a plan for the next day and go to bed by 11:15

When its time to go to bed, I am tired and happy because I knew I worked out the best of me, I fed my soul, I fed my mind and my body. In addition, I knew tomorrow was going to be a far brighter day!

You could also double your productivity by following this effective time management steps:

--List all the tasks you need to do in the beginning of the week
--Prepare a plan for the next day before you go to sleep. In this way, your brain will think about the tasks that you need to do tomorrow. In addition, doing the tasks in real life will be much easier.
--Put some time away for physical exercise and meditation.

Stay Disciplined

This is another big one. You are doing internet home based business, working from the comfort of your own home, using your own PC sitting at your desk, looking through the large window at the bright sunny sky!!

And there is no BOSS nearby to point a finger towards you. Who is restricting you from just being idle and blame the environment and everyone for failure?

You have to provide the BOSS role here. If you are not self-disciplined, internet home based business is not for you. You have to have tremendous amount of motivation multiplied by self-discipline. Remember the famous quote by Thomas Jefferson, “I'm a great believer in luck and I find the harder I work, the more I have of it.”

Buying a Home Based Business Franchisee

One of the most effective ways to survive in an internet home based business is to actually purchase a franchise. Lots of people, even before they hear about a franchise opportunity, strongly look at the other side very strongly saying that ”I have to give them a share of my income”.

Are they wrong or are they right? You will answer the question. I will just point out the age-old question:
A glass is half-full of water. Is it half-full or half empty?

In fact, a franchise system can help you tremendously to succeed in the internet home based business. Of the five essential qualities listed above, it can definitely help you with the number 2, 3 and 4 of the essential qualities i.e. Resilience, Time Management, and Discipline. Allow me to show you how:

--Think Accountable
Almost in all franchisee agreement, you will find a clause that if you do not perform accordingly, the franchisor has the right to cancel the agreement and resell the franchise. This will keep you on track, the feedback from the franchisor can be the invisible BOSS to manage your time and keep you self-disciplined.

--Have Access to Training Materials
When you have found the right team, you are not alone. You may be new to the system, but there are group of experts behind the system, who want you to succeed as much as you want yourself to succeed. And you are working on a proven system that works, have worked for thousands and is likely to work for you as well.

--Keep You Motivated
A good franchise system can keep you motivated in several ways. You will be able to access forums where there are other people doing the same work in a great way and you can share the experience and wisdom from them. When you face a difficult problem, in almost all cases you will find a solution by the support team. Let alone the excellent training materials and ongoing seminars.

Now you know the unique opportunities that a home based business provides, the essential qualities to succeed and how you can readily have majority of these qualities in a harmonious partnership. I sincerely wish you spend some time thinking on them, make a decision and take massive action.

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