I asked Parent Coaches why they wanted to start an online business. Do you share any of the same motivations?
- To make a difference
- To get out of the rat race
- To support and inspire parents
- To use their natural helping skills.
Like me, these parenting coaches used to imagine that they were stuck, like millions of other people, who climbed out of a warm, cozy bed, grabbed a hot cup of tea or coffee, and sped through traffic to a job. They shared a similar thought like there had to be another way. I certainly did as a teacher and trainer. I often daydreamed about working from home, earning a better salary, and then I dismissed the entire notion out of my ignorance.
I didn't know much about the computers
I didn't do financial budgeting.
I didn't know what kind of earnings I could make.
I had an idea for an online business plan but was overwhelmed whenever I tried to read how to create one and use it.
When You Crave The Answer, The Opportunity Shows Up
My opportunity presented as a real-life option, and I one chance to be trained in another state at the expense of my savings account. You have to know the opportunity is right. You trust your heart to tell you although the thought object.
I plunged right into an online business because I felt this specific opportunity was right for me, and I was determined to do my homework to have a successful business. If the statistics are accurate, that more than 90% of online companies fail within the first six months, then planning for success is the first and vital step.
Fact One: Don't Plan a Business. Plan for a Legacy.
Success is possible, and planning your business makes success real, probable, and profitable. A prosperous online business for a parent coach happens because you put specific factors in place. Most people think that running a successful internet business is about having a website and hanging out the sign that reads: Open For Business. That's only the first step.
Fact Two: Self-discipline Activates the Plan
When you work at home, you motivate yourself to put in the time:
- One hour per day for marketing.
- Selected hours per week are working with your webmaster.
- Planning and creating products.
- Connecting and engaging your online audience, depending on where they hang out online
Internet businesses do not run on auto-pilot often, and it can be automated, saving your time. The parent coach who would like to work from home prepare for the time investment that leads to success. People who want an online business learn to run their endeavor as a business rather than putting in sporadic spurts of activities when they have the time.
Fact Three: Learn the Meaning of Hands-On
When you are the sole business proprietor, you learn how to manage the overhead expenses, projected income, and what influences the profit and loss of your business.As much as this sounds like basic common sense, it is not common. An Internet business person needs basic financial knowledge. If you know HOW to make financial decisions, that is the first basic step. You can hire an accounting firm each year to complete tax returns and deal with the rules of the Internal Revenue System. Your job then is to manage the incoming and outgoing assets to balance your activities.
As you read through this article and find the idea of an online business intriguing, you could take the first step now to get more information on
Join our course Successful Coaching Business Set-Up In Systemized Steps and let us guide you through the whole process.