Mindset Series: The Best Way to Make Sure Your Home Business Makes Enough Money to Survive (and Keep You From Going Back to Work for Someone Else)

This post is the first in an ongoing series about how successful home office types can free themselves from their businesses one step at a time by adopting the proper success mindset. Topics I’ll discuss in the series include:

  • How to market your expertise to generate new profit centers in your business
  • How to recession-proof your business by developing a loyal following of raving fans who buy from you again and again
  • How to migrate your business to a new model using the Internet as distribution channel

photo credit: http://www.flickr.com/photos/o2ma/

Fear is the Mind Killer

The home business owner’s biggest fear is not having enough money to keep the business going. You ask yourself, “What if the business fails? What if it all falls down and I’m left with nothing?”

This fear is what drives you, motivates you to continue plugging along. While anyone who works for himself does so for his own reasons and motivations, the common thread among the self-employed is an overarching desire to control your own time, tasks, and income. The threat of losing it all and going back to work for someone else should scare the living daylights out of you!

Consider, then, what most threatens your autonomy. How have you structured your business?

  • Is your cash flow dependent upon one or two key clients, without whom you’d find yourself homeless?
  • Do you have enough time to add more clients and more work to make more money?
  • Are you busying yourself in the day-to-day activities of your business, or are you planning and executing strategies that guarantee inevitable success and eventual liberation from your business?

If any of these circumstances reflects how you see your life and your business, please read on.

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Tags: skills, profit centers, freedom, liberate