5 Tips to Staying Focused when Starting Your Home-Based Business

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Have you decided to start a home-based business? You may be juggling a full time job, a part time job and family life. You know that there are many things you need to do in order to successfully start your business and work from home. How are you going to fit your business project into your daily commitments? It's easy to become overwhelmed and lose focus. Losing focus will cause you to take no action. Action is essential to moving on from where you are now, to where you want to be.

Here are 5 tips to stay focused on starting your home based business:

1. Chunk down

If you have a large task to tackle, it is always easier when you break it down into smaller components. You'll find it easier to focus because you won't feel as overwhelmed. For example, 'Register a business name' can be broken down into: 'Think of five business name ideas', 'Find out how to register business name', 'Get registration form' and so on.

2. Keep a 'to do' list

Once you've broken down major tasks into smaller ones, make and keep a 'to do' list. Always keep a notepad and pen with you so that you can jot down any new ideas as they arise.

3. Schedule your time

Every evening, decide on three to five tasks on your 'to do' list that you wish to accomplish the following day. Stay focused on these tasks and only move on to the next tasks on your list once these have been completed.

4. Set goals

There is nothing better for staying focused than setting goals. Visualize exactly where you want to be in a month, six months and a year. In a month's time, do you want to have registered a business name and got all your equipment set up? In six months time, how many clients do you want? How much revenue do you want to generate in a year's time?

5. Say no

Be assertive and carve out more time for your business project. Saying ‘no' to that extra demand by your boss every once in a while, can get you home one hour earlier a couple of days a week. How about cutting back on the amount of housework that you do? Imagine how you could channel that extra time into your business.

If you put these five tips into practice, you'll definitely find it easier to focus on and achieve your ultimate goal of working from home.

Why Residual Income Is So Important Today

Why Passive Income Is So Important Today

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 The simple definition of a passive income is an income where you get paid over and over for doing your work one time. In the past it has been an income strategy only a handful of professions provided.

Today the Internet is making it possible for anyone to create residual income if they go about it right. Based on today's economy, and the uncertainty of the future, everyone would be smart to develop at least one residual income stream.

Did you know that if you had a monthly income of $5K coming in every month, that did not require you to work to get it, that would be equal to having $1 Million Dollars in the bank drawing 6% interest?

Most of us will never save $1 million dollars, but we can all create a passive income of $5 thousand dollars a month with a little hard work and the help of the Internet!

So how can you create a passive income using the Internet?

1. Network marketing is a business model where you get paid on the efforts of others as well as the efforts of yourself. This is achieved through leveraging your time and duplicating your efforts.

Building a downline of distributors is how this is done. You may only have 20 hours a week to invest into your network marketing business, but if you had a downline of 10 people who also had 20 hours a week your business now has over 200 hours a week being invested into it.

This is a very powerful concept and the larger your downline becomes the more money you can make. Building a large network marketing business can be done all over the world and the Internet can help you do it with your own Website and follow-up system online.

2. Affiliate marketing is another business model where you can develop a passive income. Specifically 2-tier affiliate marketing allows you to recruit a front line of sales people who earn you commissions whenever they make sales.

This works well for people who like to network with other Internet workers. Social networking is great for this as it allows you to meet people who have similar interests of your own and you can turn that into a large sales force and potential residual income.

This is two examples of how you could create a passive income for yourself on the Internet today. Network marketing and 2-tier affiliate marketing programs are easily within the reach of anyone willing to work!  

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