Technology Toolkit

Many people dream about becoming their own boss, but few people take action. Those who do take action know the rewards can be massive. Those who wish, only go through live wondering \”what if\”, and never see the rewards with being a business owner.

The promise of being a business owner and being your own boss comes with the freedom to not have another person dictate your worth ever again. You become responsible for your own destiny. You paint the picture of your dream lifestyle and live it. With a successful business, your financial future will never be the same as working on a fixed salary or hourly rate. Your profits go into your pocket, and you can build wealth and ultimately build financial freedom, and time freedom.

Many people don\’t have a clue about how to start a business, and again, many will flounder and simply wish. Here is the exact formula I took to achieve freedom and become my own boss. You can follow it, and have your own success.

Step 1: First you have to define what type of lifestyle you want to live. Do you want to work from anywhere in the world, and travel, spend most of your time with people you love. Perhaps, sitting on a deck watching the water in the background. Or do you want to be flexible for your kids, and work around their free time to play. Paint the daily picture, and write it down.

Step 2: Identify what types of business you could have. Don\’t automatically go for one that you have experience in, it may not be a proven business model for the freedom you desire. If you are looking for time freedom, and flexibility, an online business would be the best fit.

If you are looking for a place to go everyday, and build up local traffic, having a traditional brick and mortar business might be the route. Being a brick and mortar business owner can appear more glamourous then it really is. I am a former brick and mortar business owner, and it was not what I really wanted. I did not enjoy the frustrations of employees, rent, inventory, insurance to name a few.

Step 3: Now here is the kicker, not all businesses are created equal. Trust me I know this from experience. You want to skip the heart aches of learning from scratch. If you start a business from scratch you will need a lot more capital due to building up systems for your company to be successful.

You want to work with experienced people who can show you the way. You want to take a look at profit margins, and make sure your business model allows you up to 80% profit without investing upwards of $150,000 and more just to get started. Real business owners know it is important to invest, you have to find the best return on investment.

Step 4: Decide that you can achieve your goal. This step should actually be number 1. Without deciding that, YES, I CAN DO THIS. Your path will not be revealed.

You have to be confident that you can turn from a corporate employee into a successful business owner. It will take new skills, and it will take a new mindset, but it can be done. You will overcome all objections. That is how every successful business owner achieved their results.

When you decide that you can do it, your \”how\” will reveal itself. Stay the course, and know that you too are capable of success. This is simple, but not necessarily easy. If it were a piece of cake everyone would become their own boss, and we would have no employees.

Step 5: If your plan is to become your own boss, you will want to fast track to a proven business models. The reality is that 95% of home business owners fail, and brick and mortar businesses have staggering failure statistics. Here is what you want to look for so you can become part of the 3% who succeed.

You want to look for a business model you can plug into that has a track record for success, and people who make the income you desire. Do not be intimidated by the high incomes, and know that if you take action and follow in their foot steps, that income could be yours. You also want to look for high profits. This is a big one!

Many people think starting a business for $300 is too much, and that is where they go wrong. Your income will reflect what you are willing to invest. It is that simple. You want to make high profits in the thousands for each sale, because you are doing the same amount of work as the guy who is making $20 a sale. Again, trust me, I have done both.

Step 6: Identify the people who will teach you to transition from an employee to become your own boss. This again is very important for success. You can not just show up like you do as an employee to get paid. You have to do certain tasks that get you paid. If you align yourself with the right people, your life will change forever.

You will never be able to go back to being an employee, and you won\’t have to. Look for genuine people who are confident, open, and will share everything they know about becoming your own boss. You want a step by step system, and daily action plan, and your dreams will come true.

Your risk by not taking these steps seriously is very high. If you have any ounce of being a doer, you deserve this. Your gut instinct to find the answers is your calling. If you don\’t follow through with your instincts to become your own boss, you will have it haunt you the rest of your life.

I took action to become my own boss in my early thirties, and I have absolutely no regrets. I have lived life on my terms, and my dreams have come true.

You might be saying, \”Well, I\’ll get to that soon, but not now.\” That decision will also haunt you because as you become your own boss, and are successful, you will say, I should have done this sooner. Here is the other reality we live in, a job is not secure, and certainly nothing to count on.

Our economy is not getting better anytime soon. There is going to be the biggest wealth transfer in history during this economy, and the successful business owners will become richer, and the average person will have their finances wiped out. You might already being seeing it now. It is more important then ever to get your financial freedom path identified, and start now.

Your life is yours to live. You are responsible for fulfilling your desires. Only you can decide how bad you want to live your dream life. Do not live in regret. Be the powerful person you know that lives inside of you. Become your own boss, and start today. Your rewards will always be greater then working for someone else.