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Starting a 'Financial Vehicle' to Freedom, 3 Points NOT To Miss! |
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Written by Hayley Weatherburn
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Thursday, 08 January 2009 03:45 |
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You've just started a new business venture, or about to buy into a property investing scheme or perhaps a home based business. STOP! Before you make that final decision - these are 3 important things you should think about, to ensure long lasting success.
by HayleyWeatherburn
You've just started a new business venture, or about to buy into a property investing scheme or perhaps a home based business. STOP! Before you make that final decision - these are 3 important things you should think about, to ensure long lasting success.
1. Be Passionate about your financial freedom vehicle, whatever it may be. No one will make money on a long term basis doing something you hate! I learnt this very quickly. My friends told me about the stock market, and tried to teach me - I even forced myself to study it, but the more I pushed myself the more I hated it. I could have been stubborn and ignored my own likes - just in order to make money, but this is not sustainable. The number one key in finding a vehicle that will make you money in the long term, you have to have a vested interest or passion about it. Be proud of your property investing or home based business.
So in summary - do I like what I would be doing, am I interested in it and could I fall in love with the opportunity? These are all essential for a long term opportunity to last.
2. Ensure that it is a proven system. This is very important if you want to increase your chances of success. Yes, you may be starting a business that hasn't ever been done before, but in that case make sure you have done a thorough business plan, including competition analysis, contingency plans and research with proven statistics. The more proof you have, the better the option. This goes for following a Stock Market system, Home Based Business, and Property Investing. Look for proof that it has worked in the past, and don't just take one persons advice - call another industry smart person and ask them.
Research, investigation and evidence will prevent you from wasting any of your precious time, that you could be spending with a successful opportunity! As all good carpenters say - Measure twice, cut once.
3. Lifestyle and Freedom Goals are the reason you are looking at a financial opportunity - so make sure you know what they are! Don't get caught up in the excitement of the potential success you are going to have, until you have checked that this opportunity will give you exactly the lifestyle you want. I mean it is all well and great if the property investment scheme is going to give you money in 10 years, but if you wanted an opportunity that will help you escape the rat race now, then you need to look at the next one. This also goes for home based businesses - you may be looking to be at home with the kids, but if you have to be in your home office from 8am until 8pm, then that won't work either.
Write down your long term goals of the lifestyle you want to achieve first, and then see if the money making vehicle will help you to attain that.
With these 3 points, and your future mapped out with lifestyle goals you are on your way to success. All you need to ensure success is some commitment, determination and of course - don't forget to have fun. After all - life is for living, and it's the lifestyle with a smile you want!
About the Author:
Hayley Weatherburn is enthusiastic when helping others achieve their dreams, especially Financial Freedom. Hayley is a qualified Life Coach who enjoys continually involving herself in Self-Development, not only for herself - but to share the knowledge. She has her own home based business that is in self-development, helping people achieve their personal and financial goals.
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