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Monday, July 28, 2008

Starting A Business...Using Fear

Starting a business is a nightmare for many peopler. Many arrive at the realizatopm that when they run their own home business that their time is not theres to but to the prospects and people they must serve in order to be successful. Because of this, many are not willing to make the sacrifices necessary to achieve success in their own business.

Starting a business online or offline requires time but also money is the second most fearful hurdle to overcome for people who are starting a business themselves, knowing full well if they goof things up, it will be an issue for more than just them. The welfare of their family will still be a need even if the money is not there. There are many other things people starting a business they have to worry about when moving out on their own.One of the most important and pressing issues is health insurance for their family. They will have no where to turn if they are unable to make the monthly premiums. Most come to the conclusion that they will not be able to afford insurance that offers sufficient coverage based on their projected busines income.

Some people who are fortunate enough to also have a spouse that works can be covered under their insurance policy, but when a couple is starting a business together there will be nothing to fall back on if business isn’t successful as they hoped. Daily needs are also a concern for those thinking about starting their own business. Eating, car payments, rent or mortgage and utilities must be paid regardless of where the money comes from. Just obsessing over how they will pay all of their bills can keep some people holding on to their old job no matter how disgusted they are.

In starting a business, all these things must be considered as great concerns, by weighing the potential for success against the probability of failure, there are some who have faith enough to plan ahead and forge on. Unless they have a "purple cow" or service that is going to insure earning sufficent income from day one, they will have to plan for a transitional period from employee to business owner. To insure their financial security, it may be better to begin their business opportunity on a part-time basis, retaining their insurance and maintaining their level of income while putting in extra hours at their own business until they can build full time income.

Some times when working towards making this transition, people can grow discouraged at the progress which the new business is growing, but they need to remain realistic. When starting a business, the business probably will not grow any faster if they are working at it full time and should not allow the perceived problems at their old job short circuit our sound reasoning and cause them to make a bad decision of leaving before the new business can adequately support them and their family.

While “fear factor” should not be the deciding factor of in starting a home business or not, fear can be used as a motivation for them decide when it is financially wise to do so. Ignoring their feelings and plunging ahead may help them have a successful business sooner, it can also be disasterous. Using fear to better analyze the challenges and to develop strategies to meet those challenges can make fear their positive partner in the decision in starting a business instead of the deciding negative factor that prevents them from even attempt starting a business. If you need help selecting or starting a business online or off-line get this ebook classic "Success In 10 Steps" by clicking here: www.SuccessIn10Steps


James B Byrd

**ONLY LOSERS PAY FOR LEADS** Discover how average people
with no marketing backgrounds are getting prospects to pay them...
.NEVER PAY FOR TRAFFIC AGAIN!!!
http://www.blueprintmagic.com

1 comment:

Unknown said...

Nice post. I plan on running my own business soon, so I'll keep this in mind. I can use all the help and advice I can get since I know it'll be tough. More recently I've been thinking about buying a business instead of starting one from scratch. Do you have any suggestions or advice? Thanks!

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