Building a New Business? Stick to It

Peoples lives can sometimes take sudden turns, If that happens, we have to take detours. Some examples of changes could be that our day job has increased the number of hours we are required to work there, so we have less time to devote to our home business.

Do what you gotta do

Or maybe it will be that our financial picture changes. We may have seen the cost of something crucial increase, such as our housing cost or utilities. So again, now we don’t have as much ‘spare change’ to use for developing our new business. The last possible disaster worth mentioning here is that we have had a full-time job and have been building our home business slowly, part-time while we survive on our day job salary. We learn that the day job will be eliminating our position and we need to find another full-time income right away.

Ideally we would be able to devote more time to our home business start-up and eventually make that our primary source of income. If you are entitled to severance pay and/or unemployment insurance, you can probably survive in the interim period and still have time to build your business. The point is that whatever the situation may be, don’t give up your idea to build your own business. If you had plans to do it one way, don’t give up just because your plan has to change when life gets in the way!

Create a new plan, do the same thing but do it a different way. The point is not to be too quick to assume you have no choice but to give up the new business you are building. Many people do not consider their home business to be serious. Obviously if you lose your day job before your home business is generating substantial income, you have a major crisis. In that case it is probably the wisest thing to do to find another day job first – ideally only part-time so you have more time to work at home to build the next chapter of your life.

More people could actually succeed at earning a substantial income from home if a million different things didn’t always take precedence over your home business. This is possible because you are not accountable to anyone else. You need to be accountable to yourself. You need to create a real plan that includes a budget and a schedule and commit to it. Realize what your living expenses are and take stock of how much money you actually have to cover them and by what date. Anything left over is ‘free’ to use for your business expenses.

Business opportunity shopping can create a ‘crazed’ mindset just like any shopping can! Sometimes it can be likened to a kid in a candy store, who wants one of each thing in the store. However this can be disastrous for more than financial considerations. It can be really disillusioning because of the expectation of a return on the investment. If you are having no results on one business opportunity, it is likely it will be across the board with all of your other risks. If you are seeing no results because you are not investing enough time and effort, that is what you need to focus on, not quitting.

Leave a Reply

Your email address will not be published. Required fields are marked *