SUCCESS MAKING

Adopoting a Millionaire Mindset to Succeed With Your Online Business

Did you know that according to IDC, a top national research firm, there are 36.6 million home office households in the United States alone? Nationwide, the number of home-based businesses may range from 18 million to 38 million, depending on who is doing the counting.

Newsweek magazine reported that by 2005, 50% of the households in the United States were going to be involved in a home-based business! I’m sure that we surpassed the 52% by 2008.

In spite that according to the Home-Based Business Institute, about 70% of home-based businesses will last over a three-year period, compared to 29% of other business ventures; only about 20% of these businesses have a year income from $100,000 to $500,000 (Pittsburgh Business Times) and less than 1% earn more than $1 million per year (SBA’s Office of Advocacy).

As you can see even though most business, home-based or not, start with the millionaire mindset to succeed and last, most give up before or soon after the third year from starting. What do you think is the main cause of this low success rate in home-based business?

I strongly believe that it all originates with MINDSET. This is the reason I regard mindset as the basic ingredient in the process of becoming self employed.

When starting your own business the most important thing you have to work on is your mindset. Most entrepreneurs would agree that building a business from zero is 90% mindset.

A great definition of mindset is “a solid and firm attritude that dictates the way you approach your business and life in general.”

Can you adopt a millionaire or entrepreneur mindset overnight?

No.

No matter what anyone else tells you. In order to change your mindset from employee to entrepreneur and millionaire for that matter, you have to work very hard at it for a long period of time. This is the main reason why you need 90% of your effort focus on building and transforming your mindset, if you want to succeed.

As you probably know already, the mindset of an employee is almost opposite from that of a business person. So going from employee to self employed requires a 360 degree turn for anyone.

Listed bellow are the 3 basic steps I used and helped me greatly to become a business woman in less than 3 years after being an employee for 13 years.

1. Take all the time you need clarifying your main purpose in life. Be able to objectively describe why you want to become self employed. Your life purpose and the reasoning behind your self employment goal has to be very strong if you truly want to succeed.

2.Make a vivid picture of your goal. Devote at least 25 minutes of your day, prefarably in the morning, drawing a clear picture of how your life will be like when you achieve your goal. This step should be one of your most important daily habits.

3. Practice thought substitution. Make a list of all the thoughts you currently have that might in a way interfere with you achieving your dream. Thoughts like “I’m not a business person” “I’m not good at selling” “I know nothing about Internet” Substitute this type of thinking with the opposite: “I’m a business person” and “I will become a top Internet Marketer.”

4.Educate yourself on mindset shifting. No, you can’t change your mindset overnight, but you CAN totally transform it after training it consistently. The best authors I can recommend you to start this process of mindset training are Jeffrey Combs, Harv Eker, and Wayne Dyer (“Excuses Begone”).

After practicing these 4 steps and making them part of your daily routine, you will easily shift your mindset and turn it into your most precious ally for achieving whatever you set yourself to acquire.

About the Author

Find a video version of “The 4 Steps to a Millionaire Mindset” in Romy’s site. Romy Rivera is an Expert Internet Marketer and the author of the 9 videos formula to “Become Self Employed” Through Internet in 3 Months.