I made a new virtual pal last week when I was interviewed by a woman writing a book for those contemplating a leap from employment to self-employment. We got on like a house on fire; sometimes it just goes like that, don’t you find? Twin souls in very different lives.
Her closing question was about my best tips for people starting up their own home-based businesses. Here they are, in no particular order of importance.
1. You don’t die when you run out of money
If you are leaving a job with redundancy or savings, your money will run out at some point. That’s the bad news. The good news is that you don’t die! When your back is truly at the wall it can go one of two ways. You give up and go back to a day job (if that’s even an option by then) or you finally get around to doing what needs to be done. I wish I could say this will only happen once in your self-employment. That’s not true. There will be many occasions when you run out of cash. You get used to it. You get better at managing cashflow and ending the scourge of the self-employed – feast or famine – to the extent that’s possible given shifting markets and matters outside your control. You get used to it. You toughen up. You don’t die. You endure. What choice do you have? You learn to pay yourself first. Learning to ‘pay yourself first’ is mostly metaphorical as well as literal.
2. You do need to learn patience
It takes a while to set up a business. Longer than you want it to. There’s a fair amount to learn and embrace and work out, and depending on your niche/market sector, that will take you more or less time than others. Do not compare yourself with others. It’s pointless. In my experience you need to allow three years. In some sectors that will be longer, or so I’m told. That doesn’t mean you won’t make sales in that time, it just means it may feel like a struggle once the novelty of the new wears off. But at the three-year point, typically, it all begins to feel much easier. Business starts to come to you. All your chickens start coming home to roost, assuming you have been dotting chickens about your business farmyard, as t’were. No chickens? None coming home to roost, then. This assumes you are learning to do the right things during the first few years and doing them.
3. Hold the faith
Hold the faith that your business will work. My interviewer asked me how to do that. You need a solid foundation of mind/body/spirit daily practice which makes you feel good, good, good vibrations and holds you in good stead for hard work and which still leaves room for miracles to manifest. My recommendations for this are:
- Tony Robbins’ Hour of Power – my male clients get great results from this while they do it daily
- James Altucher’s How to be The Luckiest Guy on the Planet in 4 Easy Steps
- A current favourite book amongst my clients is Hal Elrod’s Miracle Morning
All three of those rely on approximately the same formula, to strengthen yourself and your mental, physical and spiritual foundations so that you can be strong when you need to be and that your energy and vibrations are aligned with your goals and intentions. The more you expect things to go well, the more they do. These daily rituals help with that. They change your mindset and train you for success (and help you to manage little failures along the way). These rituals help you to hold the faith when that’s necessary. When in doubt and in a low place? Do more! I always notice that my clients have fallen off the wagon when things are going wrong again. Get back on and stay on. Create a new daily habit – forever.
I like a combination of EFT, Abraham Hicks and Paul McKenna’s Havening technique currently. But my own personal rituals ebb and flow with what I feel I need. YouTube is your friend for all of these. You can search on myriad different terms and words for both of the following to find something which fits where you are today.
- Try Brad Yates for EFT: Getting out of the way of Miracles
- And this one from Esther Hicks: Create Money Meditation – I LOVE this one right now but all of the Abraham Hicks stuff is great.
Any of these routines will involve committing to a daily practice which often involves getting up at least an hour earlier. If you want to make time for something this important in your life, what other time is there?
Here’s a shortcut to the content in the Hal Elrod book, the bit about S.A.V.E.R.S. where you select a morning routine from Silence, Affirmations, Visualisation, Exercise, Reading and Scribing (writing).
4. Do all you can with what you have from where you are
This is about staying out of the cursed hows, not being wedded to how what you want shows up in your life. When it’s right it’s easy. If you are pushing uphill, something’s not right. There are just three things you need to know and do…
- Get clear about what you want, be unwavering on this point
- Get out of the way so the Big U can do her bit
- Do all you can with what you have from where you are – that’s you doing your bit of the deal
Check in with yourself on a daily audit: Have I done all I can with what I have from where I am right now? If the answer’s no, never mind, tomorrow’s another day. But if the answer is no tomorrow as well, you’ve got some work to do. No skiving on my watch!
If you want help, support or guidance with implementing any or all of the above, I’d love to help. This is my work. All around me my clients are finding their way through these early years and learning to give up struggle and thrive in their home-based business. This is my expertise, I can accelerate your way. All you have to do is ask.