Do You Have the Special Qualifications it Takes to Be a Mentor to Online Business Entrepreneurs?

Are there special qualifications for being a mentor to online business entrepreneurs?  Do you have them?  You must decide for yourself.

I have encountered many people who declare they are the best business mentor because they have made a lot of money online.  Yet, it is obvious from their actions that they lack character.  Many are more adept at taking your money than in teaching you how you can become an ethical success.

The qualifications for a being a good mentor to an online business entrepreneur start with having your own mission and vision for excellence in business, whether you are in  internet marketing or a home-based business.  You demonstrate those in your behavior every day.

You care that everyone in business, including online entrepreneurs and home business owners, respond to the expectations of clients, consumers and the general public, that honesty and integrity are integral to a successful business.

You are a standard-bearer for the idea that businesses owe a debt of gratitude, because being a success is a privilege.  So you share a commitment with other online business entrepreneurs to promote professionalism in all aspects of online business. 

You do not give in to failure and encourage others through your own example.  You recognize that it is through the failures that you learn and become more confident in yourself and your ability to get back up when intractable setbacks occur, sometimes one after another.

Finally, you realize that you do not have all of the answers and that continued education in your industry  is the best way to grow.  You are passionate about personal development as a means to help yourself and other online business entrepreneurs remain successful.

What’s the Purpose of Business Plan Development?

Business plan development is considered a necessary evil by many entrepreneurs – it is the process of creating a document which will help them pitch to investors and lenders. However, funding aside, you will improve your chances of business success if you take business plan development seriously.

Planning Does Help

It is a simple “out” for entrepreneurs to throw their hands up, saying “If so much of business is about flying by the seat of my pants, reacting to opportunities and threats and they arise, and changing plans continuously, there is no reason to plan for my own purposes. Certainly, a plan will be required by funders, but that plan does not have to have any similarity to the tactics which are used in the end.”

However, planning does help, even if the plan needs adjustment down the road. A plan can zero in on alternative strategies which might work and throw out those which do not fit the company’s intended brand, customer markets, or competitive situation. Without a written plan, the company is in danger of trying out strategies which seem to make sense on the surface, but really lack a good fit with the company in the long-run.

Keeping the Team Consistent

Another major reason to plan is to keep all team members on the same track. Without a written guide setting out the mission and strategy to achieve that mission, different managers may develop their own ideas about the priorities of the company and end up working at cross purposes. To serve this purpose, the business plan must be shared between the managers at least. The managers must all work to pass on guidance to their staff based on the plan.

Setting a Reflective Tone

It is extremely easy for entrepreneurs and small business owners to be caught up in the action of running their businesses on a day-to-day basis and consider reflection on where the company has come from and is going to be a luxury. Being serious about business plan development from the outset sets reflection as a priority for the company, and a business launched on this foundation stands a better chance of continuing to use planning as a tool going forward. When taken in balance with action and awareness of the present situation, reflection and planning can serve the business well.”

Small Business Entrepreneur – Become a Jewelry Designer

Small business entrepreneurs have confidence in themselves. Confidence in yourself is your power or your control panel to your jewelry business success. Belief in you is the critical key to maintain a small business.

Speaking from experience, you need to be emotionally ready to take the first step into becoming an entrepreneur. If you are not emotionally strong or you have doubts then you are not ready.

No one person or test can tell you when you are ready. Just like love; you will know. But whether to ask the marriage question or to answer yes to a marriage proposal you need to be ready for the commitment and a willingness to live life together with its many ups and downs.

In a sense you will marry your small business just as you marry your mate. Both situations need to be ready to work and grow together. When you love what you do or you love the one you are with, it will be a professional or a personal successful lifestyle.

Here is a list of questions that may help you to decide if you are a small business entrepreneur:

Do you have a lot of ideas for new products or improving products?

Do you find yourself changing jobs often?

Do you learn quickly and are bored with many of your jobs?

  1. Do you have coping problems following job orders or being corrected on the job?
  2. Are you more comfortable being a leader than a follower?
  3. Do you feel that you are being held back from advancing in your job?
  4. Are you truly doing the workload of three people, yet being paid as one?
  5. Are you very knowledgeable of your subject?
  6. Are you very unhappy on the job and wish you were doing what you love to do?
  7. Do you fantasize seeing yourself being self-employed or owning your own business?
  8. Do you know and feel that you are smarter than your boss?

You may wish to consider becoming a jewelry designer as many entrepreneurs are creative and are excellent at developing new products with their jewelry designing abilities. The creativity within you will keep your abilities challenged and your work will never be boring.

You will be able to advance yourself as a jewelry designer much quicker in your own business than depending on management promotion with a standard company or corporation. Small business jewelry designers are happy doing their chosen work. The benefits of being a jewelry designer is beauty, joy, and fun.

If you are interested in becoming a jewelry designer visit the home page of Tricia Deed at http://www.Infotrish.vpweb.com/ and review “The A-Z Steps to Becoming a Jewelry Designer”.

How Home-Based Business Entrepreneurs Think

Too many people are trying to start their home businesses with an ordinary employee’s way of thinking. This has become a common reason why not long after sitting down and giving it a fair look into even the most lucrative business opportunity they bump into, they put it away and decide not to take any chances.

What has happened here is that the most lucrative business opportunity has been looked into by an ordinary 9-to-5-worker, who appears NOT to be business-minded.

If you are like most people, you have probably considered starting your own business yourself. But above all, you have to understand that to make into a successful Business Entrepreneur, one has to change their way of thinking first.

1. DO NOT EXPECT FAST CASH!

Besides gambling or winning a lottery, working as an employee is the only way to get ‘fast’ cash… ‘fast’ as in ‘in-25-working-days’. This kind of cash is always certain to come in as long as you work from 9 to 5 for your boss. But as you probably already know it, as soon as you stop, the money stops. (See FinancialFreedomAwaits.com).

True entrepreneurship-minded people know that it takes time to develop an ‘attack plan’ for their businesses. It takes time to build a strong and solid business, which delivers ongoing income through many years.

True Business Entrepreneurs hold on to this truth, “We reap what we sow, but the harvest is never in the same season as the planting.”

Change your way of thinking:

DO NOT EXPECT FAST CASH!

2. AIM FOR JOB SECURITY OR FINANCIAL SECURITY?
Employees would rather have job-security. Why? Simple: the income is secure. As long as you loyally work from 9 to 5, you will for certain get your cash! The problem with a typical job is that when you stop, the money stops.

The stark fact is: one day you might get sick and won’t be able to go back to work. Sooner or later you will retire. Companies get broke and have to release their employees. No matter what the situation, as soon as you stop working, the money will stop coming.

So much for secure income…!

A job with secure income is necessary for those who has not set up their own business yet. True. But a true Business Entrepreneur won’t settle merely for job-security. He aims for much more, such as financial security. No, he won’t have fast cash. And no, he won’t have any secure income yet – at least not in the beginning. And often, he won’t have any income at all from his new business for the first few months.

Business entrepreneurs think of the big picture. What they do is building assets from which his money will come in month after month, year after year from work he is doing now! The money will not come now. It might not even come for the next few months. But as soon as his business is up and running, it will keep generating income for him, even when he chooses to stop working!

And THAT is financial security!

Change your way of thinking:

THINK OF THE BIG PICTURE: AIM FOR FINANCIAL SECURITY!

3. GENERATE PASSIVE INCOME

Financial freedom is not measured by how much money you earn by working, but how much money comes in with only little or no work at all. This later kind of income is called passive income. This fact has been known for decades by real wealthy people.

Successful and wealthy entrepreneurs do only little work and sometimes it is even possible to do the work only once but still generate recurring income on it. Imagine a song or a book writer. They write their songs or books once but get paid forever on it. This do-it-once-get-paid-forever type of income is called residual income.

Most people who have attained financial freedom have other people working to generate income for them. Earning money by other people’s effort is called leveraged income.

As hard as it may seem, to create leveraged income, you need to have your own business where other people work to generate income for you. Any business. Whether it is a traditional business, franchise, small business, internet based or home based.

Employees work to generate secure income. Business Entrepreneurs work to build assets with income streams which generates for him ongoing passive income (either residual or leverage income or both). In other words Business Entrepreneurs work to build himself -what I would call- a ‘money-machine’ which is designed to generate ongoing income.

Whereas the Employee can not stop working because otherwise he will lose his income, the Business Entrepreneur will have money coming in constantly, even when he chooses not to work, simply because it is his assets that generate residual and leverage income for him.

Change your way of thinking:
TAP INTO PASSIVE INCOME BY GENERATING RESIDUAL & LEVERAGED INCOME!

4. INVESTMENTS

It is common for people who seek job security to hesitate to invest. The reason is understandable: for some of us the risks of investing in a business are just too much to handle.

A true Business Entrepreneur understands that in order to build -what I would call- a ‘money-machine’, investments are necessary. There is just no such things as businesses without investments. He knows that it takes time and effort to develop a successful business. But he also knows that investing money is just as important!

Sometimes it takes the Business Entrepreneur a year or two before he can finally reap the big success. Sometimes even a bit more. It takes a couple of years of investing time, effort and money. But this is not too hard for him to handle. A true Entrepreneur thinks long term. He knows that in the end, his working and money investing will finally pay off!

A Home Based Business Entrepreneur would only have to invest just 5-10 hours a week for a couple of years and he would only have to make low budget investments into his home based business. And at the end of the time of working and investing, our Entrepreneur would have turned it into a significant amount of residual income stream!

I’m not talking about money that comes in today and is gone tomorrow but income that keeps coming in month after month, year after year… money that -as Gery Carson has put it- “when you’ve left this planet continues to provide for your spouse, children, or grandchildren.”

By then you would think that all your valuable time and money you have spent would be worth it.

Commonly an ordinary employee, who fears too much to invest, works hard to receive his pay check every month. Most likely he even retires broke. Before he knows it, he leaves the planet with nothing to leave for his family.

A true Business Entrepreneur is prepared to invest. He knows by investing in his business he is building assets that would generate passive and residual income for him throughout his years on this planet and the years of his grandchildren.

Change your way of thinking: THINK LONG TERM: START INVESTING!