Wednesday, November 14, 2012

Are You REALLY Ready To Be Your Own Boss?

One of the most important qualities any would-be entrepreneur or internet marketer should aspire to develop is discipline. The reason for this is because it takes a lot of discipline to be successful and most people fail because they haven't MASTERED this ONE thing.

Most people new to internet marketing or entrepreneurship may be used to having structure or monotonous routines that are pretty much the same everyday. Sort of like when you wake up, you brush your teeth, take a shower, eat breakfast, kiss the family goodbye and you're off to work. This is an example of how most people start their mornings.

Now on the flip side, when you work from home there's a HUGE difference. The difference is that instead of having to get up and go to work, you can get up and get on your computer. You can work in your pj's on your computer without setting foot inside of any office.

Now where the issue may arise is when you don't set yourself on a schedule and you are spending too much time doing pointless things that aren't going to bring you any income. When you are at a job, you have a set time to be there. You have a set of tasks you must perform throughout the day. You have a time to eat lunch, a time to take a break, and you also have a time to clock out and go home.

The same thing applies when you work from home or own your own business. You must have a time and place to do things because otherwise, nothing will ever get done. You develop a system that you follow in order that you can stay on task, stay focused and accomplish your goals for the day. It's easy to get distracted by the internet because there's SO MUCH information and it can be quite overwhelming at times. 

Having discipline definitely lets you know if you will succeed or fail. An the truth of the matter is, most people fail in their first year of starting their own business. Just like most internet marketers quit because they think they can't do it or it isn't for them. Sometimes, all it boils down to is concentrating on what you have to do and committing to making it work. Of course having drive, ambition, and being self-motivated helps also.

There are also many other aspects of being your own boss that people often times overlook. For instance, paying taxes. No one is taking money out of your paycheck anymore. You have to make sure you are saving a percentage of your income so that you can file your 1099 tax form at the end of the year.

Another thing people overlook or don't take notice of is the fact that you are no longer an employee. There is no one telling you want to do anymore. You are calling all the shots. For some people, they are so used to being told what to do that they don't even know WHAT to do when they get back their power they gave a way from being an employee.

Cost of overhead. For any business to run smoothly or successfully, you will need tools to help you to continue to do so. For a restaurant business, that could be the food and supplies they need to purchase every month to keep the food going. For a singer, that could be paying for advertising, studio time,a publicist, a manger etc the list goes on. For a stay at home mom who runs an online business that could be purchasing filing cabinets, paying for email marketing, hosting for a website, copy writer for producing sales pages, advertising etc.

There are so many things that go into starting your own business and working for yourself that you really have to ask yourself if you're REALLY ready for it and if you can handle it. Anyone wanting to start their own business or work from home should definitely ask themselves if they really have what it takes to be their own boss. Especially if you're coming from the corporate world into the internet marketing world. Here's a quiz on SCORE's website, which is a resource for  small business owners and entrepreneurs. You can take the "Are You Ready To Be Your Own Boss?" Quiz on the SCORE's website by downloading it HERE.

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