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Guest post by: Dr Don Yates Sr PhD Become an Author

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• How do you know if you have this passion?
• Ask yourself. If you won the first prize in a competition, would you still want to be online and go into this business?
• When you love your work, it becomes contagious, as everyone around you is infected

• Have trust or faith in a person or thing.
• Possess a feeling of assurance, especially of self-assurance.
• The state or quality of being certain: I have every confidence in my idea and my ability to succeed.
• Do you have a feeling of emotional security resulting from faith in one-self?
• Confidence is a firm belief in one's powers, abilities, or capacities
• “You gain strength, courage and confidence by every experience in which you really stop to look fear in the face” (Eleanor Roosevelt).
• Self-confidence, trust in one's own self-sufficiency
• Commitment
• A pledge to do, an obligation
• Something pledged, especially an engagement by contract involving financial obligation
• The state of being bound emotionally or intellectually to a course of action or to another person or persons
• “What one has, one ought to use: and whatever he does he should do with all his might” - Marcus T. Cicero
  • “A person with half volition goes backwards and forwards, but makes no progress on even the smoothest of roads” - Thomas Carlyle

• It has been said “Attitude is Everything?
• Your attitude is a frame of mind with which you approach a subject, a problem, a person or any circumstance.
• Either it is positive, negative or indifferent.
• The most important aspect of attitude is that you and you alone are in full control of it , the choice is totally yours, your choose
• Hence, if you choose to look at things in the positive light, then you will find that many doors will be opened to you because positive outlook presents you with a “can-do” attitude.
• If you are paralyzed by the fear of failure, you will remain inactive.
• No one wants to fail but when it happens, there is nothing to fear.
• Courage is not the absence of fear; it is moving forward through fear.
• Walt Disney and Henry Ford were both bankrupts.
  • Walt Disney formed his first animation company in Kansas City in 1921. Flushed with success, he began to experiment with new storytelling techniques, his costs went up and then the distributor went bankrupt. He was forced to dissolve his company, at one point could not pay his rent, and was surviving by eating dog food.PopCrunch
  • Henry Ford. Unfortunately, he focused too much on the engineering and not enough on marketing, resulting in poor sales and bankruptcy. He was forced to leave the business in 1902 after investors threatened to withdraw their capital. FreeInfoSociety
  • It is the Kiasu syndrome, a self-defeating emotion that creates fear that gets in your way – FEAR of losing - One who is afraid to lose out to someone else, often to the point of selfishness; an over-cautious person; afraid of losing out to someone else, and therefore often behaving selfishly and disregarding others; dog in a manger
  • On the positive side, fear can be a Motivating Factor.
    • “In this business, by the time you realize you are in trouble, it is far too late to save yourself, unless you are running scared all the time.” Bill Gates
    • "Courage is doing what you're afraid to do. There can be no courage unless you're scared." — Eddie Rickenbacker
    • If the fear is rational, it serves as a warning alarm about real risks you may be taking.
    • If you pay attention to it, apply some reason to it, and think it through objectively, you can keep yourself from taking foolish risks. You can minimize the risks that are unavoidable. (Inc)
    • Use fear as a propellant.
    • The Dalai Lama: “unless you have a strong feeling of self-confidence based on a strong self, it is difficult to do battle with negative emotions”.
    • It is the role of intelligence with the full awareness that is provided by education, to judge and accordingly utilize the potential for one’s benefit or well-being.
    • ..”We have nothing to fear, but fear itself”. U.S. President Franklin Delano Roosevelt
    • Your effective decisions are limited by your knowledge and understanding of business

Procrastination is to put off doing something, especially out of habitual carelessness or laziness, or to postpone or delay needlessly. Some people just never get started. If you want to change your life, then you must take action.

• No Guts - No Glory
• Damn the torpedoes, full-speed ahead - Admiral David Glasgow Farragut, First Admiral of the United States Navy
• The Early Bird Gets the Worm - Meaning: Success comes to those who prepare well and put in effort. John Ray's a collection of English proverbs 1670, 1678
• Nothing Succeeds like Success - Meaning: the idea that success breeds further success. Sir Arthur Helps, in Realmah, 1868

• Are you well suited to running a company, what is your business experience?
• How much are you willing to stake, and what are the potential risks you will face?
• Will I be dedicated to this venture?
• How much of my time and myselfcan I commit?
• Can I manage the stress on myself and my family and friends at the start-up stage?
• How can I manage my time effectively?
• Long hours will test your character in many ways. Can you handle that?
• Does your venture motivate you enough to make you go for it?
• What is your MINDSET?
• If you are, have you evaluated, researched and really understand your idea or opportunity?
• Have you evaluated your personal needs?
• Does your idea or product, service fulfill a need?
• Do you have start-up capital and reserves?
• Can you face and make decisions?
• Are you ready to stick with it?
• Do you have adequate skills, resources, credit?
• Where do you get assistance, information?

• Marketing Types and various methods of online marketing, Email, traffic sites, lead providers
• Pricing Selling eBooks, or reselling books and products?
• Regulations (Laws) Spam
• Licensing
• Record keeping Track your sites, id’s and passwords
• Financing
• Capital/ other expenditures Desk, Computer, high speed internet provider, printer, supplies
• Technology Keep your computer running
• Cash flow Management Some sites charge a monthly fee
• Competition Big boy affiliate marketing
• Taxes
• Employees
• Benefits/perks
• Suppliers Affiliate products, shipping, payment, legitimate health
• Community Online communities and groups
• Social/Ethical issues Spam, Watch social networking scams

You can make a business out of your hobby; but you cannot treat your business like a hobby. Failure to plan is said to mean that you plan to fail.” Your banker, JV Partner, or sometimes a supplier usually requests business plans Even if you are not looking for a banker, Joint Venture partner, etc., it is wise to have some idea of a plan, what your product or service is, how you are going to market it, what milestones are your using, what is your budget, financial projections, etc. It should include your personal strengths and weaknesses, and your plan of action to improve your potential for success.

• Write out your basic business concept.
• Gather all the data you can on the feasibility and the specifics of your business concept.
• Focus and refine your concept based on the data you have compiled.
• Outline the specifics of your business, using a "what, where, why, how" approach.
• Put your plan into a compelling form so that it will not only give you insights and focus
• Plan should become a valuable tool in dealing with business relationships that will be very important to you.
• Keep it simple English, use graphics and tables

1.0 Executive Summary	Use in a formal report
2.0 Introduction To YOU (The Company)	Strengths and Weaknesses, Plan
3.0 Employment Workers	None at this time
4.0 Product Or Service Development	New or affiliate
5.0 Marketing Programs	How are you going to market, where, how many times, what is budget, measure results, Marketing Plan
6.0 Financial Projections	Financial Plan
7.0 Conclusion or Appendices	Use in a formal report

By setting up YOUR business plan, you are road mapping your way to success. It will help you to develop your business goals and strategies, as well as providing you with a better understanding of the marketplace. It will also highlight any business strengths or weaknesses that you may have, as well as providing you with an opportunity to take a close look at your competitors.

If you want, you can also include financial projections, historical data and growth expectations into your plan. With any good business plan, it should show who the target audience is, and just how the product or service that is to be provided will meet or exceed their needs and expectations.

When organizing a business plan it is best if you break it down into sections such as-

• Business Summary – The product or service you want to provide.

• Market Analysis – Research the product or service. Find out what the competitors are doing
• Product Positioning – How to make it more prominent compared to your competitors.
• Market Strategy – How are you actually going to market it?
• Customer Analysis – Look at what the customer wants or needs.
• Financial Analysis – What you need to invest in order to set up the business and to keep it going while it is just getting started
• Overall Business Goals – What you hope to achieve in, say, a year’s time. HomeBusiness

The forgoing is another example of various online resources to help you, free online. However, if you do not take the time to make and use a plan, at least prepare a schedule of things to do, and allocate the time for each task. Big jobs can be broken into daily tasks

In Business, We Are Our Own Greatest Risk if we do not prepare ourselves for business

May I repeat that, “In Business, we are our Own Greatest Risk, for us, we must learn understand our business, understand the business risks, and the greater risk of Scams online. We must have a plan for our business and a plan to control our Emotions. This will improve our chances of success before we lose all of our money.

Regardless of the warnings that even take up newsprint, someone will ignore the obvious and become another victim. It does not matter, who you are, what your experience, and how much education –

YOU MUST PREPARE YOURSELF FOR SUCCESS

We are here to succeed online by learning to recognize and avoid the scams. In this section, you have had the opportunity to look yourself, your goals, objectives, mindset business and your future.

We want you to succeed and to avoid wasting your money on the Scams. Nevertheless, in reality all we can do is give you the license, you have to do the driving.

Make a plan of action or two, for your personal as well as your business development implement them and follow your roadmap to success.

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Referred by: http://kooiii.com

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