Do people that are successful in home based businesses share some common characteristics and, if so, what are the primary ones?
The dictionary defines successful as:
*having a favorable outcome, or
*having obtained something desired or intended, or
*having achieved wealth or eminence
When applied to a home business, I think the definition of the word successful involves a combination of financial gain, time flexibility, and being able to call your own shots (being your own boss). The order of importance will vary from person to person.
I have had the good fortune to be quite successful with home-based internet businesses. No, that is not completely accurate, I have had success because I have invested a lot of sweat equity in my work at home business activities.
Having spent many years in the corporate world, I am a firm believer in the team aspect of business and so I naturally gravitated toward network marketing instead of trying to go solo selling products/services and competing with the big players like Yahoo, Amazon and the other well known names.
After doing considerable research, I found a very well established and financially solid internet-based company to work with. Using my business experience in the "offline world" and developing my internet marketing skills on the fly in an OJT (aka: on-the-job-training) format, things have gone very well and I recently spent some time trying to identify some of the primary traits that are common in my most successful team members.
Whether you're breeding bird dogs, or race horses, or drafting college football players to play in the NFL...it's important to develop "markers" that can be very useful in predicting success. From my offline, traditional, business experience I have known this from the get-go, but for some reason I was slow to learn (or, was it re-learn?) that identifying the people with a high likelihood of success is even more important when developing an online network marketing business that depends upon teamwork.
Reflecting back on many of the truly successful people I have worked with in network marketing, I made a list of the numerous success factors that emerged when I assessed each person individually. After compiling the list, three factors seemed to stand out as being the most common success indicators. In no particular order, these factors were:
*approaching the business with a long term perspective. It often takes a long time to become an "overnight success"
*exhibiting the tenacity of a pit bull
*being able to ride the emotional roller coaster (two steps forward and one step back) in the early stages of developing the business
Just because a person has these characteristics, it does not ensure success and, on the flip side, a person is not necessarily doomed to failure just because he or she does not possess all three of them.
Kirk Bannerman operates his own successful home based business and also coaches others seeking to start their own home based business. For more information visit his website at Proven Work At Home Business
AP - The United Auto Workers said Wednesday it is willing to change its contracts with U.S. automakers and accept delayed payments of billions of dollars to a union-run health care trust to do its part to help the struggling companies secure $34 billion in government loans.
AP - President-elect Barack Obama signaled a clear desire Wednesday to use a significant portion of $700 billion in financial bailout funds to stanch foreclosures by helping struggling homeowners with their mortgages. "The deteriorating assets in the financial markets are rooted in the deterioration of people being able to pay their mortgages and stay in their homes," he said.
AP - Police searching a mound of baggage abandoned amid the carnage of the attack on Mumbai's main train station found two bombs Wednesday nearly a week after they were left there by gunmen in a stunning new example of the botched security that has become a major issue in India since the three-day siege.
AP - Still popular in Florida, former Gov. Jeb Bush said Wednesday that he's interested in the seat Sen. Mel Martinez is giving up, and the field of possible candidates could quickly narrow to make way for the president's younger brother.
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AP - The aunt and one-time guardian of an emaciated and shackled 17-year-old has been arrested, as police tried to determine how she knew the couple accused of holding the teen against his will for nearly a year. Caren Ramirez was arrested Tuesday in Berkeley, a day after the boy walked into a gym and begged managers to hide him. He was covered in soot, had a chain on his foot and was wearing only boxer briefs.
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AP - A prosecutor alleged Wednesday that Jennifer Hudson's brother-in-law killed three family members because he was angry his estranged wife the singer's sister was dating another man.
AP - Dustin Pedroia has a Rookie of the Year award, an MVP, a Gold Glove and Silver Slugger and, of course, a World Series ring. And now he's got the big-bucks contract befitting one of the most decorated young players in baseball. The Red Sox second baseman, who earned $457,000 last season while winning the AL Most Valuable Player award, agreed Wednesday to a $40.5 million, six-year contract that could keep in Boston through at least 2014.
Reuters - President-elect Barack Obama said on Wednesday struggling automakers have put forward a "more serious" restructuring proposal to Congress but withheld judgment on the plans until hearings are held.
Reuters - Record declines in the vast U.S. and European service sectors and more grim U.S. employment news on Wednesday sparked fear of an economic "free fall," setting up another round of aggressive interest rate cuts.
Reuters - U.S. Secretary of State Condoleezza Rice pressed Pakistan to cooperate fully in the probe into the Mumbai attacks but she also warned India against any action that could stoke regional conflict.
Reuters - All options were on the table on Wednesday as congressional committees scrutinized auto company restructuring proposals and an urgent appeal for $34 billion in aid ahead of make-or-break hearings.
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AFP - India on Wednesday warned that all options were open in dealing with Pakistan after last week's attacks on Mumbai, as the United States pressured Islamabad to show urgent cooperation with the probe.
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