These are all mistakes that I have made at some point in my journey as a home based business owner, and are the reason why I ended up trying so many different things from candle making, to bridal consulting, to real estate, ebay, and even cooking in front of others in my one woman crusade to find the holy grail of home based businesses. (You’ll have to read my Thanksgiving network marketing prospecting lessons post to get why cooking in front of others was such a mistake for me!)
I’d venture to guess that if you’ve been building a home based business for a while you’ve come up against one or many, if not all of these deadly mistakes as well. But the great news is that although they may kill your business if you make them, as the saying goes, if they don’t kill you they will only make you stronger.
The 7 Deadly Home Based Business Mistakes are:
- Not choosing the right business model
- Not having the right business mindset.
- Not creating momentum with enough of the right, consistent action.
- Not having a mentor to give you support and accountability toward your goals.
- Not putting your money into the right places and not monetizing your business building activities.
- Not having the mechanics in place to help your home based business grow.
- Not marketing consistently or effectively.
I will be going into more depth on each of them this week and sharing ways to help you find your sweet spot and to help you to avoid making these 7 deadly mistakes that can kill your home based business, but first I’d like to talk about mistakes…
Success in any Home Based Business boils down to two things: making mistakes and finding resourceful solutions.
We can’t move forward without making mistakes. They are an inevitable result in the process of growth. Aside from parenting, I can’t think of anything like starting a business to be a better catalyst for personal growth.
But in our quest to not make mistakes, we can often get hung up buying all the best tools and trainings for our businesses. Buying 10 different domain names in the quest for the perfect one, changing our target market over and over again. Thousands of home based business owners believe that they have to have this shiny new Facebook advertising training if they are ever going to be successful, or if they don’t get this new training program on blog SEO, they will never be found in the search engines.
I’ve done it too…heck, I still get caught up into the excitement of the business launches, but what I’ve come to realize with my latest training purchase, is that I’ve got a pretty good foundation already, just based on my being resourceful.
I think many of the biggest mistakes we can make in any home based business can be warded off with a library card and a mentor. And I really believe that the mental part of building a home based business is as much or even more important than the other parts of building a business.
So for this post, I’d like to ask you to share your favorite mindset, marketing, time management, or home based business book that you’ve read that has helped you overcome one of the 7 deadly mistakes.
I’ll go first…
One of my favorite home based business entrepreneur books is The One Minute Millionaire: The Enlightened Way to Wealth, by Mark Victor Hansen and Robert G Allen. I love so many things about this book.
It’s a story as well as a business blueprint that dives into the mindset and mechanics of becoming a millionaire. It’s written in an interesting way where one side of the page is a story about a woman who has to make a million dollars in 90 days or she will lose custody of her kids forever, and the other side of the page is a one minute lesson on mindset, money, mentors, etc. It is packed with so many great lessons hidden inside the bright yellow and purple book jacket that I wouldn’t even know where to begin to share them with you, but the one that sticks out for me the biggest is having a mentor and building a team. It’s definitely one of my top picks for any home based business owner.
Please share your favorite books for a home based business entrepreneur in the comments below, and please tweet and share this on facebook so we can get more people adding to the list! I will be compiling all of our favorite home based business books into a resource page and you will receive a link back to your blog as a thank you for contributing!