Tweet

The Price of Home-Based Business Success

Written by: Laurie Hayes

Article Overview: Everything in life comes with a price, including home-based business success. The question is, are you willing to pay for it?

The Price of Home-Based Business Success

Everything you choose in life comes with a price. Everything is negotiable and it all boils down to what you're willing to pay for what you want.

You have certain values and those values determine what you're willing to give in exchange to honor them. For example, if spending time with your children is one of your top values, you will say yes to certain things and no to certain things, always keeping in mind the impact your decisions will have on your ability to be with your children.

The same goes for running a home-based business. If you are truly committed to building a business that will allow you to honor your values and live the life you envision for yourself, you must be willing to pay a price, and the price for home-based business success is discipline.

Whether you choose to pay it or not is entirely up to you, however, it is important to realize that whether you do or don't pay this particular price, you will pay a price nonetheless.

When you choose a life or goal that asks a certain price and you decide not to pay what is required, you are still making a decision that has a corresponding price. Even when you are not taking action, you are making a decision and the price associated to not following through on your dream is much heavier … you pay the price of regret.

Freedom, happiness and financial security are the byproducts of running a successful home business you love, yet in order to succeed as a home-based business owner, you will be required to live your life in a way that requires strict discipline and continuous action.

You will be required to:

· structure your days and be guarded of your time – this means not letting time stealing people interrupt your day with phone calls or by dropping in at your home

· create specific "business hours" and commit to them – it's so easy to say yes to invitations from friends or family when asked to join them for lunch or to run a few errands in town

· get up and get going – when you don't have a clock to punch or a boss to answer to, you can easily become lenient in your approach to getting your day started


· be mindful of overdoing things – if you already have a tendency to be a workaholic, the scales can easily be tipped to a great imbalance between your work and home/personal/social life

· do things that are uncomfortable – entrepreneurship is about learning and growing which means going out of your comfort zone and being willing to make mistakes

· create new habits and new ways of thinking – you will be required to shift from an employee to entrepreneur mindset and this requires an open mind and a willingness and commitment to learn from mentors and experts on an ongoing basis

· change the books you read, programs you watch and people you spend your time with – your financial status is the average of those you spend most of your time with

The greatest rewards in life come with a price that is corresponding in nature.

Work is required as well as a willingness to become a different person. The good news is when you choose a home business that is in alignment with your values and passion, it doesn't seem like work, but an adventure – and you learn to recognize discipline as your ally instead of your opponent.

Take some time to review your current activities and answer honestly whether or not you are as disciplined as you need to be or can be. Can you improve on your behaviors, implement new structures, modify activities?

Sure, you may like the fact you can sleep in an hour longer and take a two-hour lunch, but realistically, what impact does that have on your productivity and potential for business success?

If you're willing to pay the price of discipline particularly during the early stages of building your business, you efforts will be rewarded a hundredfold.

In the final analysis, remember – discipline weighs ounces. Regret weighs tons.

Which price are you willing to pay?

2006 © Laurie Hayes - The HBB Source

Related Articles
  Homebased Business Opportunities
  How to Stay Motivated in your Home Based Business
  Salesperson Wimp-Out: Cutting the Price
  All Customers Care About Is Price?
  How to Handle the Price Objection

Article Tags: home based business, successful home business, values, values



Related Forum Posts
My entry - 1. The Best Business Books Ever: The 100 Most Influential Business Books You'll Never Have Time to Read - this is a fascinating book about the history of Business theory, and I'd recommend it to anybody. 2. The Big Book of Small Business: You Don't Have to Run Your Business by the Seat of Your Pants, by Tom Gegax. Ditto. 3. PADI: The Business of Diving Book Okay, so this book won't be of use to anyone who doesn't want to start a scuba store, but I did, and this book was of course invaluable to me in reaching that goal.
Re: Books for the Entrepreneur - Here's one of my most recent books The 100 Absolutely Unbreakable Laws of Business Success By Brian Tracy
Re: How Not To Start A New Business - Well, these guys these guys will not succeed at all. they need to have a way of doing things. First thing first, which market segment are they targeting? Or are they in the same segment the previous magazine was. They also need to understand the trends, currently people read online magazines so they need a website. After that they need to develop the marketing mix, which will guide them in their marketing activities. This marketing mix will be made of 4 Ps, which are Product, Place,Price and Promotion. I will assume the magazine is the product, the first P, The Price is what is the role the price will play in the market, do they want premium price, or do they want to skim the market. The other P, they need to have, is the Place, this will help in having a strategy on where to place their magazines, this includes the websites, malls, newspaper stands etc. The final P they need to develop is the Promotion, this is the advertising , channels, websites, forums, blogs, name it. Once they have done that, they can sit down and wait for money to come but not without superior customer service, otherwise without all this, they are wasting their time and money.
LastMinute New Web Site (Draft) - Louis, I like it much better than the previous one. I like Topic, Location, Date, Discounted Price. That is what I need to know to get interested. I believe that you are moving in the right direction. Andreas
Re: Is Gas Price Affecting Your Business? - I work at home so I don't have the need for car. My office is a few seconds walk from my bedroom. Gas Price is not affecting my business in any way. All my work is done online


Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.

Tweet

Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!

Name:
Email:

Popular Articles

Qualities of Leadership Part 1

Steps For Starting A Small Business

Join Conversations Politely, Part 1

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.