The Business Park

Build A Business Mindset

There are a lot of opportunities opened up to you by building a Business Strategy that produces income for you. There are endless opportunities for you on the internet. However, it's important to first focus on a conceptual shift in your thinking.  If your are going into business you absolutely have to have your mind set on creating your business. Too many people think they are creating a business, but in actuality they are creating a hobby.  A business and a hobby are entirely different entities.  Before you take your first step, your next breath, you must decide which of these you are about to endeavor.  Either can be fun, but one can support you, the other is for pocket change and a way to meet people who like to tinker with the same things you tinker with.

If your focus is on creating a strategy for your total income, you have to build this mental image in your mind and keep it there in all you do when it comes to working on your business.  You have to remove the thoughts in your mind early that might cause your mind to rebel and say "I don't want to do that". It is easy to say, “Too hard, too boring, too complicated" and then give up. You have to create a Business Mindset that will keep your thoughts focused on the end product, your business. To this point in life you may have worked for someone every second of your working life, you must now work for yourself, make the decisions, open the avenues that will bring money to your pocket.  No one else is going to be there to take up the slack.  It is hard, driving work, but it is also the most rewarding thing you will ever do in your life.

Below is a chart of two different mindsets about business and money. The first one is typical, but leads to working the rest of your life in the same way. The second is the mindset of people who build their business into an asset that makes them more and more money as they work less and less.

Average Worker

Your Business as Investment

All your income comes from your hourly work.

Income comes from multiple recurring, income streams.

You envision your new business as a job: "I am my own boss". There are only so many hours in the day, your mind must constantly be thinking of new ways to bring income to your pocket.  

You have to view your business as an income-producer. You are the architect, the designer of your own future.

Work 6 hours, get paid for 6 hours.

Work 6 hours as an investment for later greater income potential. May not see any immediate results from work, so patience is required. You are building a foundation, refining a system.

Income cap: hours you want to work X amount you can charge per hour. This is a job working for someone else, your product is yourself.

Income cap: none! Potentially infinite income. Tied to your creativity and dedication, not the number of hours in a day.

Someone else spends time/energy/money looking for more clients to pay your hourly fee, they reap the rewards.

Spend time/energy/money building systems that generate income without further work. You have no limit to your income.

Work once, get paid once.

Work once, cleverly, and get paid over and over.

Work for someone else and you build their business. Work longer and harder, their business is still reaps the rewards of your toil.

Work on your business. "Work smarter" Focus on automating your work process as you work. Every new day brings new horizons for you to reap the rewards of your hard work.

Works toward retirement and hopes for enough to live on afterward.

Works because it is a pleasure, using creative imagination, delayed gratification, willingness to learn and try new things, long-term view. Yeah, you might retire, but why when your having fun.

Ultimate goal: retirement after 40 years of work with modest pension.

Ultimate goal: complete financial freedom as soon as possible (5-10 years is a realistic goal).

 

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