The #1 Reason Your New Home Business May Fail
New home business? More and more people are choosing to work from home.
Some advantages to starting a new home business includes the ability to spend more quality time with the family and there is no need to commute to and from work.
However, 90% fail after in their first year and 90% of the remaining fail in the next 4 years.
The first thing you should consider when thinking about a new business opportunity is to figure out your “why”.
Setting goals is one part of planning for success but your “why” is the reason you keep going.
Many people quit because their why is not a strong enough reason for doing network marketing.
A strong why is your foundation for a successful new home business. The biggest problem when you decide to work from home is, there are the few family members, relatives or friends that will not want you to succeed.
They will criticize and complain and try to change your mind. This happens to everyone. When beginning your network marketing business, surround yourself with people of like mind.
Network with those who have the same interests as you and have a why that will keep you going through anything including the criticism of a loved one.
Some people, when trying to find their why usually want to pay off their house or a new car.
You Why Must Be Strong
But your why is never about money or goals. It is about what you really want. What situation in life you want to get out of so that it doesn’t happen again. It’s about who you really are.
It is a burning desire that is so much more than money.
If your why is an 80% and you come up against a barrier with an 82%, you will give up. But when your why is 99.9%, you will be successful in your new home business .
7 Questions to Ask Yourself When Looking For Your “Why”
- What do you really like?
- What don’t you like?
- What do you get excited about?
- What makes you afraid?
- If you had all the money you want, what would you do?
- What would you do if you had all the free time you wanted?
- What do you not like about your life that money can solve?
Whether you choose to work from home to spend quality time with your family, to feel good about yourself or to change lives and help people, you will encounter obstacles.
Before you look a new home business, think about your why. Find the one thing that makes you cry. Everyone has a why, you just have to dig down deep.