How do you plan on making your money?

How do you make money? How do you not let money use you? Well let’s take the first question? How do you make money? Here are some easy ways:
• Job
• Start a business
• Inherit money
• Lottery / Gamble
• Crime

As odd as it sounds, all above are viable ways to make money. Most of the population makes money via a job. We work for others. This is a familiar, respectable and time honored approach to supporting yourself. The only problem is sometimes you end up jobless, defeated, and angry. Welcome to the rat race!

Starting a business sounds nice. Become the boss with all the neat stuff like suits, executive offices, and lavish lifestyle. This sounds great as long as you are successful, and you assume ALL the risk. We touched on this before. Mentally you need to prepare to go through the fire of being an entrepreneur if you have never done this before.

Inheritance is great. You just need someone rich to die and leave it to us. This is not likely and nonrenewable. The money is always running out if you don’t make more.

The lottery is simply NOT going to happen. Gambling is just plain stupid. Casinos don’t build 75 million dollar fountains with the money they lost to patrons.

The constants in making money are preparation, preservation and perspiration. The preparation is what we’ll call the money trap. Preparation centers around the business make up, the marketing action and the follow-through. Efficiency is of the utmost importance. Preservation means that your business must preserve its value. Value embedded as hard assets, or financial instruments have long been used for value preservation. Preservation of value is re-investment.
Re-investment is business building.

Perspiration is the undeniable cost of owning and running a business. Most of the fantasies about running and owning your own business fade when the self-employed realize that when they don’t work, they don’t eat. This is the hard work that nobody likes to talk about. Successful owners are diligent, disciplined and focused people. They work weekends, holidays, and virtually everyday.

Most businesses have barriers to entry, the minimum cost of investment. With the age of computers new businesses like internet marketing, desktop businesses and other digital businesses have evolved. It is critical that entrepreneurs take advantage of automation. Few business forms don’t involve interaction, high entry barriers (big investments to start) and other difficulties. MOST traditional brick-and-mortar businesses involve the investment of thousands of dollars, often with no business training or mentoring in the field of business.

An excellent business is one that fits the following description:
• Low or no investment
• Requires little/low time investment
• Requires few/no employees
• Provides a RENEWABLE source of income
• Services are FAVORED over goods, as services are infinitely renewable, products reach a sales maturity level and decline

Below are some examples of desktop businesses you can use at home to make money:
• Resume writing
• E-bay
• Internet Information Marketing
• Permanent Tourists….

There are a lot of benefits to living and working outside your daily environment. It is very difficult to increase your risk tolerance while you are “trapped” by your current lifestyle. Often businesspeople “find” themselves when laid off. You may need to step outside your life to go the next level.

Most people can’t envision themselves stepping outside their lifestyles because we are so well conditioned to go to a job. Think about it, you are trained to get up and go “somewhere” on a schedule your entire life. In kindergarten, kids are conditioned to get up and live on a schedule from that point on. True businesspeople don’t have a rigid schedule. They earn their way by balancing risk with reward, one of which is personal freedom. What is your freedom worth? Often times we ask what the successful know that we don’t. The answer is nothing. The difference between the successful businessman and us is that he will accept the risk or tough way to eke out a living and we will not. I urge you to summon your courage.

How Can Your Online Business Succeed If You Don't Invest?

I hear it all the time, “How can I start an online business with no money?” People everywhere are looking to start an online or home based business yet they want to do it without spending a cent. So, I ask them, “How can a farmer expect to harvest a crop if he doesn’t buy the seed?”

You can talk about starting a business and making all kinds of money all you want, but until you realize that you have to invest in your business, it’s not a business, it’s just a hobby. That does not necessarily mean you have to take out a second loan on your home, but you do have to invest.

Put yourself in the farmer’s boots for a moment. You want to plant a cash crop and you know you can, so how do you go about getting started? First, you decide what crop you will plant. You do your homework to determine which crop will produce you the most return based on all the conditions. Once you make this decision, you have to take the next step. You have to take action.

Before you get the seed, you must till the ground and prepare it for planting. This preparation is critical if you want a successful crop. Once the ground is ready to accept the seed, you go the seed store and “buy” your seed. This is your investment.

So can you just throw the seed on the ground and expect great results? No. You must then cultivate it in order to get the results you expect. You work the soil to keep it loose, you water and fertilize. Then and only then will the seed start growing, until it produces the crop you dreamed it would.

Once your crop matures, you then can harvest its many fruits. You can see the results of your labor and your investment pays off.

Your business, whether online or offline, is much like planting a crop. You decide which business is best for you by reading and studying everything you can on the subject. Once you make that decision, you have to prepare. Get your website ready, everything must be in place. Then you plant or go live with your site. You have to promote and invest your time and money into the business. You keep at it, learning more as you go and one day you walk out to see your crop, and it is time to harvest.