Okay Why?
There are thousands and thousands of business startups every day
whether they are online or brick & mortar. According to Small Business
Trends 69% of all U.S. entrepreneurs start their businesses at home.
73% of them will be male while 25% will be female. So, if you tell me
I want to start my own business from home, okay why, will be my question? And
9 out of 10 can’t give you a good enough reason.
There must be a big enough ‘’Why” for you wanting to be in business,
because if you don’t have one at the first bump in the road you will
quit. And if you say (which most people do) to make money, you will be
the first to quit when something goes wrong. Your “Why” has to be
stronger than making money. You can make money doing anything, even
standing on the corner begging. How you want to make your money is
what’s important.
Statics state that the top 4 reasons why people want to start their
own businesses are (1) 26% say because they are ready to be their own
boss, (2) 23% say they want to pursue their passion, (3) 19% say the
opportunity presented itself and (4) 12% say they are dissatisfied
with corporate America. Though good reasons to start your “Why” still
has to be bigger.
List Your Top 5 Reasons For Wanting To Be An Entrepreneur
Can you list your top 5 reasons why you want to be an entrepreneur?
The person that can list their top 5 reasons why they want to be in
business is the person that will most likely stay in business. In the
comment section below leave your top 5 reasons.
In like manner because I’m asking you to tell me yours, I’ll tell you
mine:
1. Help my Church further the Gospel
2. Help people & impact lives
3. Give my family a great lifestyle
4. Able to travel
5. Save for retirement
How Do I Become An Entrepreneur With No Money
Your reasons whatever they are should be the driving force of why you
will stand in the midst of the storm. Why a setback won’t make you
get-back. Until those reasons are fulfilled and beyond.
3 Steps To Deciding On Your Ideal Life
- The 1st step is to workout what you don’t want in life. Maybe you
don’t want a 9 to 5 job. You may be tired of struggling to pay bills.
You may not want to have a mortgage payment. What about not being able
to do for your family. - The 2nd step is to decide on the things you do want in life. Like
having enough cash on hand to take a dream vacation when you want to.
Or to be able to buy your family anything they need. Maybe to be able
to help anyone in need with no strain on your pocket. - The 3rd step is to define what an ideal day would look like in your
life. Like being able to get up when you want to. Eat breakfast with
the family or go out to eat a good hearty breakfast and invite
someone. Volunteer or visit the shut in. Catch a plane for a speaking
engagement. Pick the kids up from school. Spend quality time with the
family. Or hangout at the beach. Whatever it is you should decide what
your ideal day would be.
“If you don’t have the will and desire to figure out what you want and
write it down, what makes you think you’ll have the will and desire to
go after it.” – Rich Schefren
There is a lot of truth in those words. Though money is not my biggest
reason for being in business it still is a reason why I’m in business.
I don’t think anyone starts a business to lose money. Do you know how
much money you want to make and why? What if money was no object, what
would you do?
How to Develop Your “WHY” To Be In Business
To develop your “Why” shouldn’t be hard or complicated. Most have a
skill set that they don’t even recognize, because it’s so natural to
them they don’t even think of it from a business perspective. These
are usually the people who think they don’t have anything to offer.
They’re so focused on what other people are doing and start thinking
to themselves, ‘’I could never to that.” And that my very well be
true. But is that your niche? Your business should be developed around
your niche. There are 3 questions you can ask to help you find your
“Why” in business and help you find the niche that is right for you.
1. What are you good at?
2. Ask family & friends what they think your strengths are?
3. What do people typically ask you to help with?
How To Find The Right Niche For A Startup – Start Here
You can also ask yourself what do you enjoy doing that you would
continue to do whether you got paid for it or not. Whatever your
startup business is you definitely should enjoy doing it. That is why
making money should be the least factor of “Why” you go into business.
What Does It Really Take To Build A Business?
In order to build a business, I believe you have to have a big enough
“Why” to begin with, but I also believe you need to be determined,
focused, knowledgeable, have goals, etc. You have to look at your
business in the long-term and not the short-term. Most will focus too
much on the short-term and when their business is not living up to
their expectations, they believe it’s a failure.
Whenever you are building anything of great value it will take time.
That’s why I’m so against the get-rich-quick-scammers. They have
poisoned the minds and hurt a lot of people with the make large sums
of money overnight. Sorry it doesn’t work that way.
“Most people overestimate what they can do in one year and
underestimate what they can do in ten years.” – Bill Gates
Building a business that will last and that you will be proud of will
take time. There is no getting around that. Most don’t want to put in
the work, but you have too. Get rid of the fast-food mentality, got to
have it now. Ask yourself, what will you be doing for the next 10
years?
Would you rather be working toward something that could ultimately
become a legacy that you could leave your family? Or would you rather
just continue to be stuck in traffic going to a 9 to 5 job you don’t
like anyway?
For the most part great entrepreneurs have these fundamental traits:
- The business is a top 3 priority in their life (for many it’s #1).
Balance in life rarely grows big businesses. Entrepreneurs that get
extreme results put extreme focus on their business. - They know their market intimately well. How well do you know your
market? You need to know the type of person you are trying to market
too. - Their ability to craft irresistible and unique offers that stand out
in a crowded marketplace. Two people may be selling the same product,
but whomever has the better presentation will get the customer. - They have an obsession over the numbers. Where performance is measured
performance improves. Where performance is measured and reported,
performance improves dramatically.
“What gets measured gets managed.” – Peter Drucker
A willingness to take short-term losses while proving their idea. The
economics of a business are much easier to fix than most realize.
In conclusion: If you say I want to start my own business from home, okay why,
what is your reason? And your “Why” has to be bigger than just wanting
to make money. Forget about that and just help people and the money
will take care of itself.
Know what you want out of your business. Know what it takes to build a
business. Keep your eyes on the prize don’t give up at the first
set-back or second. Building something of value takes time.
You have the ability within you to build something great! Find your
“Why” and go after it. Success can be yours if you let it.
EH
