Read these 3 things before deciding on your Money Making Venture!
You’ve just started a new business venture, or about to buy into a property investing scheme or perhaps a home based business. STOP! Before you make that final decision - these are 3 important things you should think about, to ensure long lasting success.
1. Is this something you are interested in, or even better, passionate about? You may have the best money making opportunity in the world - but if you do not enjoy, or worse hate doing the actual daily activities involved, it will never last. So, make sure you research what the actual daily duties will be, ensure that your values and beliefs align with the financial vehicle that you choose and you have a genuine interest in it. If that is all there, great - if not, re-evaluate. My personal example was stocks. I hated studying the market and learning the jargon, however I persevered and ended up wasting time and money when I finally admitted it wasn’t for me.
So in summary - do I like what I would be doing, am I interested in it and could I fall in love with the opportunity? These are all essential for a long term opportunity to last.
2. Proof in the Pudding! That’s right, has your business opportunity, property investing scheme or stock market system been proven? IS their research to prove that it works, statistics - or even professionals that you respect have used / done it and it has worked? If not - do your own research and investigations. Otherwise you could be wasting your money and time on made up figures. It is a good idea to ask a successful person in the industry about what they think. The successful ones will be happy to help you out, and will give good advice!
Research, investigation and evidence will prevent you from wasting any of your precious time, that you could be spending with a successful opportunity! As all good carpenters say - Measure twice, cut once.
3. Will this vehicle help you achieve the long term goals you want to achieve? Before getting too caught up in the potential income you could receive, or the freedom it promises you - don’t forget to think about actually what you want. Some people want to have the money and time so they can travel - maybe your opportunity requires you being face to face with people all - year round, so how are you going to achieve your travel goals? Other ideas might have a massive potential in income, and it is home-based, yet you have to sit in your office from 8am until 8pm and still actually can’t see the kids.
List the top ten lifestyle goals you want to achieve. Then match them up to the opportunities you are looking at - eliminate the ones that won’t work and then start researching the others. This will save you wasted years, when you realise the new opportunity only took you back to the same place you left from!
You are now on your way with these three check points. Once you have your lifestyle envisaged and what the opportunity needs to have for you to get that, now you can go out and find the right one, first go! Good Luck - and I hope your vision of your freedom lifestyle comes to you sooner than you expect.
