Home based business, ease into or jump in?

[Lovinglife]

I would like people's advice on something. I am 22, without a college degree, although I have some college.

I have been working on starting a home based business for a while now. I know the opportunity is there, but i'm not sure how long it will take to get my weekly profits to a point where I can have a decent income.

I live with my mom right now, and my two siblings. My mom and sis work, me and my bro don't.

I want to know if it would be a good idea for me to get a regular job and "ease" into the home based business...

This SEEMS like the best option, but I have a few problems with it:

First, I don't drive and I would need someone to carry me to work. This is a big problem.
Second, My mom is getting money from food stamps, etc. Me getting a job would mess things up (ofcourse the biz would too, but it wouldn't be so sudden)
Third, I am not good at the whole willpower thing. I am afraid of that working will drain my energy, and I will forget my business...... something about working just... well drains me mentally.


Anyway, anyone got any advice?

[Redline21]

Personally, I found that devoting 100% of my time to one business is better than splitting between two. I always would come home from my regular job completely drained and unable to focus on building a quality business.

You really have to commit to it from the start. Success is not going to happen overnight. Is there a set time when you'll start generating income? Not really, for some they might do it their first month...others it could take years. A lot of it will depend on the size, complexity, industry, of the business, and most importantly the effort YOU are putting into it. Not to sound harsh, but if you find motivating yourself and willpower to be an issue, I would think twice before making the leap.

My best advice is to surround yourself with people who will support you no matter what happens. Secondly, read, read, read (finance, business, accounting, entrepreneurialism) The book which jump started it for me was Rich Dad Poor Dad...why do you think it was on the best seller list for several years?

Anyway, hope I was of some help. Best of luck with your endeavor!

[pictokid]

Originally Posted by Redline21

Personally, I found that devoting 100% of my time to one business is better than splitting between two. I always would come home from my regular job completely drained and unable to focus on building a quality business.

100% agreed wit u dude, everyday after 10hours work i reach home, i tried to surf around n thnk of any biz opportunities that might interest me, often i get brain toasted already and few hours later after a bath n dinner, some tv and im off to bed. Too shagged out to thnk, cos most mental energy are all expanded while u day work about 8-10hours. I thnk thats pretty draining. And when wkend comes, u jus wanna do ur personal stuffs n go out have fun lol (procrastination) evil

[MichaelJWilliams]

Plus, if you already have a source of income that can pay for everything you need, there's less need to work on building a successful business.
Perhaps you could only allow yourself to get a part time job. That way you won't be broke, but you won't be particularly well off either, so you an incentive to really make your own business take off. You'll also have more time (and presumably energy) to do so than if you worked 9-5.
Logically this seems like a good idea, but I don't how this works with regards to intention-manifestation, living consciously, and so on.

[visit_faraz]

Hi,
I would say that If you have a source of income and are not very desperate to succeed in your online business then there are better chances of success.

This is because when you are desperate your mind gets shut down and the get rich quick offers seem to be very tempting where you could use a lot of money.

I would advice you to ease into it and not jump in. Start slowly, learn the ropes build a few sites. Keep testing of what works and what doesnt.
The main part is testing and tweaking where you keep improving on what works and leave the rest.

Hope this helps.
bye,
faraz

[PMcDonald]

Let me pose a question that will hopefully assist you -

How many people can you think of that have achieved great things in life by easing into something?

Imagine where we would be if the Wright brothers were only going to "try" to fly. Or how bout if Abraham Lincoln would have quit when he was defeated for public office 8 out of 9 times. Now obviously these are extreme examples but the you should get the point nonetheless.

History will tell you over and over and over again that great things are accomplished by putting yourself out there and to use a simple analogy - you'll never actually get into the pool if all you keep doing is sticking your toe in the water. If you ease into a business or anything in life for that matter, you are only providing yourself an excuse for failure.

Anytime you are questioning whether or not you should be taking a particular action or doing a particular thing, ask yourself the following question -

Will this take me closer to my goals?

In that moment, the answer will become crystal clear.

[MichaelJWilliams]

"Every person who wins in any undertaking must be willing to cut all sources of retreat. Only by doing so can one be sure of maintaining that state of mind known as a burning desire to win - essential to success." - Napoleon Hill

[visit_faraz]

Okay, it seems like people here are advising you to jump in.

Even, I would say that you could jump in and start doing something IF MONEY IS NOT INVOLVED.

But when money is involved then there is a fear of losing that money and even greater is the desperation to make a profit and that is what makes people fail.

Certainly the Wright brothers didnt ease into their plane flying thing.
But what is being talked about here is business and investment.
Do you think Warren buffet just jumps into a certain stock or business or does he carefully measure what he is getting into?

I hope this helps.
bye,
faraz

[PMcDonald]

It's all about mindset. If you are constantly worrying about losing money or you fear losing money and fear you'll be in a state of desperation, well we all know that the LoA is going to bring you more of that right?

Instead, and this is so huge, you need to focus on the end result. What are your goals? What will you accomplish by starting your own business? Focus, like a laser, on these things and you'll get them. This way, your results are guaranteed. Everything else along the way is just drama, but if you know the outcome the drama doesn't matter. Sure you might encounter obstacles along the way, but are you going to rise up and get the best of those obstacles or will the obstacles get the best of you?

Now I am not saying to be reckless as far as an investment, however being careful can be just as dangerous and as for Warren Buffet, I gurantee that he is not careful about his investments. The man sees what he wants and goes for it - you simply do not build up your net worth to that level by not taking risks.

So yes, you are absolutely right, fear of losing money does make people fail. However, what many people fail to realize is that they do have a choice as to whether or not they let their fear be a cause of failure. Leaders and winners visualize the rewards of success, not the fears of failure. That, my friend, is what seperates the successes from the wannabes.