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Reduce the risks and increase the rewards
By admin | March 7, 2010
Here is Gizmo in one of his normal positions with his head pulled all the way in. It is a protective position and all of the turtles often do this.
It is safer for them as their neck is not exposed but it has a problem too.
Gizmo can’t eat when he has his head pulled in like that and if he does not take the risk of extending his head he will soon starve. (Well as fat as he is it may take a couple weeks but it would happen.)
Your online business is the same way. You can be very safe and never take a risk but you won’t grow and you will starve. No risk – no reward and isn’t the reward why we all started an online business?
There are 3 ways you can reduce risk without reducing the potential reward.
- Focus
- Planning
- Accountability
Focus
Despite all you hear about not putting all your eggs in one basket you really need to fill just one basket until it is full. It is impossible to do 3 things at once. You really need to focus on one thing until it is working well and only then can you start on a different basket.
Yes multiple sources of income is great but you need to focus on each until they are running well enough to run on autopilot and not waste time bouncing between 2 or 3 things.
Planning
This is probably the point that causes more failure than any other. It is impossible to get somewhere if you do not know where you are going and have a map to get there.
Planning out what you are going to do, where it is going to take you and how you are going to get there is the key to getting it done. Now you can keep the important focus on where you are going.
Accountability
Finally one of the toughest parts of building a home business is that you are the boss. It is easy to get side tracked. That is where interacting with others makes a huge difference.
Having a partner or group of people that know what you are scheduled to do will allow you to get more done. If I have told someone else that I will do something it almost always gets done.
I can lie to myself about what I am going to get done but it would kill me to lie to someone else about what I am going to do. Having accountability to others always keeps me on track and it can help you too.
That is why a coaching program can make a big difference in your business. Take Powerstart 2010 as an example.
It is a high intensity coaching program and forces you to focus on very specific things.
It is already planned out for you and you need only follow the steps by going through the videos and interacting with any questions each week in the webinar.
Finally the interaction of the group gives you the accountability needed to get things done. You lose the excuse of not getting it done.
If you are tired of starving and willing to stick out your neck but want to reduce the risk check out Powerstart 2010 and get your business growing.
The Turtle Dad
Disclaimer: Some of the links mentioned within this post or posts it may lead to are my affiliate links and in such case I will get compensated for recommending those products. However, I will never recommend something that I don’t personally believe in and I welcome your questions and feedback.
Topics: lessons | 3 Comments »
March 7th, 2010 at 4:18 pm
All very god points and I would have to say that PowerStart 2010 is definitely opening my eyes to the possibilities there are with Internet Marketing. I like you would encourage anyone that gets a chance to get this training to jump onboard right now. But be committed and ready to hit the ground running.
.-= Andre Arnett´s last blog ..Using Private Label Rights For Affiliate Marketing =-.
March 7th, 2010 at 8:40 pm
Yes, we can plan and “get ready”, but without taking action/risks, we won’t get anywhere. Like you said though, we need to take the precautions not to take extra risks that could backfire or destroy our business.
.-= Joel Osborne´s last blog ..Do You Use PLR Videos? =-.