Having the right attitude will allow you to be successful in many areas of your life, but it is crucial to the success of a home based business. You must retain a positive mental attitude at all times and understand how the Law of Attraction can work for you or against you. When you start a home business all accountability lies within you. There is no room for excuses.Let go of negative thoughts and remain positive. Change the way you think and you will attract prospects to you. This only will happen as long as you maintain the proper mindset. The following are 3 tips for your success in a home based business:Recognize Your PassionOne thing I’ve noticed is that a lot of individuals join an opportunity “just because” it’s the latest thing. What are you passionate about? What are your interests? Consider what you are passionate about and match an opportunity to achieve the greatest level of success in your home based business.Persistence Is KeyPersistence is a must in any home business. Many call it quits after a couple of months, usually three months, when times get tough. You can compare it to the common New Years resolution of weight-loss. Most individuals that seek to lose weight resolve that they are going to lose weight only to give up a couple of months because it got to be “too hard.” In order to lose weight, you have to be consistent with your diet and exercise regimen in order to achieve your target goal. Being an entrepreneur is one that requires hard work and devotion. You need to learn to overcome objections that you encounter. In the process, you learn from your mistakes and take action to prevent repeating those same mistakes.Your Circle of TrustHaving a circle of trust is one that many do not have the luxury of having. As a result, they don’t achieve the level that they are potentially able to because of not having that support needed in having a home based business. By surrounding yourself with those that are successful in their home business will put you in a setting that breeds success. I believe heartily in the saying, you are a product of your environment. Sometimes being physically present with such individuals isn’t always convenient, so do some reading. There are a vast amount of books and audio from successful individuals such as Darren Hardy, Dale Carnegie, the late Jim Rohn and much more. Personal growth is vital to developing new skills and a confident persona. You are not only limited to your physical areas. Take advantage of social networks and connect with others online. The resources to surround yourself online to successful home business owners are full of such individuals.One of the toughest challenges of becoming a home business owner is evolving into one. It requires you to adapt to new thinking, behaviors, and activities. With the right attitude, you can expect a smoother transformation. Put yourself on a continuous learning mode and you will enjoy the fruits of your labor. By applying these 3 tips for your success in a home based business, you will be able to stay on the track of having a successful business.If you are looking for a core group of individuals that provide the support and resources to be successful in a home based business, I invite you to connect with me and learn how you too can be successful in being an entrepreneur.
Attain Freedom Through a Home Based Business
Freedom, say the word out loud. Now close your eyes and say the word to yourself. What do you see when you say the word freedom? Do you see yourself stuck in a cubical working long hours, or do you see yourself working when you want to, in your pajamas if you choose to do so?Do you envision yourself missing out on life while you make money for companies that will never truly show appreciation for you and all you do for them. Do you see yourself living life by your terms and not missing out on any of life’s events?We were not meant to live in this world to work hard all our lives and miss out on what the world has to offer. It has been drilled into our heads for years that this is the way of life. But is it really our God given path? Your VISION?What makes us different from others who are highly successful in life? The answer is nothing, except that maybe they worked a little harder towards their goals and vision. We are all the same and we all deserve the same rewards in life, you have to be willing to make small sacrifices to make it happen though.Having a home based business can help you to achieve the freedom that you are so desperately seeking.Now before you think, “Awe man this is crazy, nobody makes money in those home based businesses.” I would like to tell you that you are wrong and I can point out thousands of people who not only attained freedom through home based business but also are living a rather nice life because of it.They had to work hard, but it is so much different when you are the boss and the work that you put in benefits you entirely and not someone else. Not to mention if anyone says to you that it is easy and you can make a million in a few days, I suggest you walk away; chances are it is not a legit operation or they would just leave you high and dry. A good leader will show people their vision. They also had to thicken their skin so they could better deal with rejection, but they did it…… And successful home based businesses are happening everyday.People are tired of working dead end jobs or not knowing if they are going to have a job. They no longer want to work for someone that can not understand that they have to leave work early because their child is sick, or in a play or musical or a game.Americans are looking for more independence and freedom from the daily grind. With the economy in peril as well as the burden the tax payers are going to have to face for generations, there is no better time than now to get into a home based business. Experts have been predicting for months that things are only going to get harder and not easier for Americans’.So far they have been right; people have lost jobs, homes, security and their very own dignity.Only YOU can change your life! Only YOU can plan your own destiny! Only YOU can make your life better and live out your dreams! Do not let anyone stop or hinder you. Those that try, evade them. They are dream stealers and they are the ones that will always be working and struggling in life. Misery loves company, and by the way, it is always fun to see their reaction when you become successful.Somehow they have time to listen to you now.
Should You Hire a Property Manager Or Not?
Using a property manager has both pros and cons. There are no hard and fast rules regarding whether you should hire one or not. You have to evaluate the answer based on your own situation. The following are some considerations to take into account before you jump to a conclusion.
Time Commitment
A lot of real estate investors have a full time job so they do not have enough time or energy to manage properties. Especially if the house is situated remotely, many investors might feel they cannot manage on their own or do not want to travel. If fact, you can manage on your own.
Cost Benefit
If you have several properties or an apartment complex in one area, using a property manager to manage all the property may be economic. The manager will be able to combine expenses and costs. For example, they can purchase maintenance materials in bulk for all the rental units. If you don’t have several rental units in one area, but together with your friends’ or families’ rental units you do. Then you can afford to hire a professional dedicated property manager.
The Nature of the Rental Market Where your Property is Located
If your rental property is located in an area where renters mostly check out the rentals through the local property management companies, then you have no other choice but to hire the company. This may happen in small towns where there is only a handful of management companies.
Tenant’s Characteristics
Some tenants are not easy to deal with. You may find some tenants that are constantly paying late, asking for a lot of unnecessary repairs, complaining about everything, or having difficulty keeping up the premises. A property manager may handle the situation better than you as you might be emotionally attached to your property and less likely to handle many issues impartially. What’s more, the tenant might try to take advantage of you. They may take it more seriously if they are dealing with a professional property management company instead of an individual.
Does your Property Need Frequent Repairs or Maintenance?
If your property needs frequent repairs due to its age or other reasons, having a property manager may help you if repairs are a burden. Usually the property management company either has its own in-house repair service or contracts with outside vendors. In any case, you should ask about it before hiring them and understand how much they charge.
What Kind of Service do you need from a Property Manager?
Do you need a full service property management, which includes placing tenants and ongoing management service? If the condition of your property is good or new and not much repair is anticipated, you may save your money on the ongoing management service part. If you already have a tenant but you are moving out of that area you can use a local property manager to collect the rent and do the maintenance work.
Lack of Interest in Managing
Some rental property owners just do not want to get involved in managing the property at all. They rather have someone look after their rental properties so they can enjoy their life doing other things. That is absolutely ok. Enjoying life is also very important.
The purpose of hiring a property manager is to free up your time and make your rental investment successful. Nevertheless, hiring a poor one is worse than hiring no one. You can end up spending more time and money to rescue your property.
If you hire one, keep in mind it does not mean you have to be a completely hand-offs owner. You should keep in regular communication with your property manager so he understands you do not treat your real estate business lightly. How to hire a good property manager belongs to another blog we will write about.