6 Tips for Making It Work as a Part-Time Entrepreneur

6 Tips for Making It Work as a Part-Time Entrepreneur

You know you want to start a business, but you can’t shake those financial pressures — rent or a mortgage, a car payment and maybe you have kids. Even young people have responsibilities after all. But tack on the fact your business idea will surely take time to catch on, and starting up can seem even further out of reach.

You are a perfect candidate to become a part-time entrepreneur.

While not ideal for every young trep — jumping head first into the start-up pool can be a preferred route — getting the business up and running before letting go of a regular paycheck may be the best course. Here are six ways to make the transition into entrepreneurship a smooth one:

• 1. Find balance. Of course, this is what being a part-time entrepreneur is all about. Can you start up and maintain your commitment to your full-time responsibilities? If you get caught up in your business to the point that your full-time job suffers, people will notice and it will cost you opportunities and, potentially, the job itself.

• 2. Be patient. As a part-time entrepreneur, you simply can’t move forward with your new business at the same pace as those who can work on theirs full-time. And even full-time entrepreneurs never have enough hours in the day. Find the right pace for you so you can see progress without completely wearing yourself out. Be patient; you may not be moving as fast as you would like, but forward is good.

• 3. Bank your profits. At some point, you will want to walk away from your job and be a full-time entrepreneur. The money you save now will enable you to take that step sooner. If you don’t need it to grow the business, then save it for your future, but be prepared to put it back into your new business as needed.

• 4. Set flexible goals. As you build your business, you may find your day job getting in the way of your entrepreneurial goals. That’s OK. It’s what being a part-time entrepreneur is about. Watch out for a tendency to beat yourself up for spending too much time on your job at the expense of your business. Your energies will need to shift from one to the other as time goes on, and that’s OK.

• 5. Take yourself seriously. While you’re taking baby steps with your business, you and others may discount your plans because your progress is slow. Don’t let timing affect your long-term commitment. Find ways to remind yourself of what you’re working to accomplish. Don’t let others dismiss your goals. Remember that you can make this happen, it will just take longer.

• 6. Have an escape plan, if you want one. Do you want to be a part-time entrepreneur forever? That’s actually alright. Operating as a part-time entrepreneur may not have been your original plan, but if your business can succeed in your off hours and you enjoy your full-time job, why not?

• However, if your entrepreneurial plans include running your dream business full time, you need to define milestones and set goals that include walking away from your day job. What needs to be in place in terms of infrastructure, sales, product development or other criteria before you will be ready to quit?
  
  
  Cheers!
  
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Being Productive even on a lazy and rainy Tuesday

Being  Productive even
on a lazy and rainy Tuesday .................... Making a Video!


 
Its the second day that its been raining here and just imagine if i was still an employee how challenging it would be to go to work or even just get out of the bed due to the cold and very comfortable "Bed Weather"

Great thing is, i don't really need to go anywhere!, That's one of the advantages when your managing your business or investments at home and specifically online. So rather than sleep the whole day i decided to do something productive while doing my morning routine of drinking coffee and catching the morning breeze. I decided, to make a short video of how "Great" it is to stay at home during this times, how advantageous the internet has  been to me and share a very successful event last Saturday that i consider a first and one of the turning points in my career (truly i made the right choice)

To my surprise, when i powered on my laptop and just decided to check my skype and facebook, a chat box in skype already greeted me with curiosity coming from Singapore and another one from Bacolod, Philippines. Both were asking what i do for a living online =) So video stardom aside, i talked to the guys for a few hours and showed them some short video clips of what im doing and there really into it. Just Imagine, they will be one of many business associates that im working with that i met and actively make money online even if its one different country or island province to mine. Hundreds even thousand of miles apart but the web can really make things very convenient!

So after that, i already decided to work on the video and asked my wife to help out since i do need someone to work the camera =) after editing and a few sounds, here's the 6 minute video. I wont talk about it anymore since you can just watch it. Enjoy!

Cheers!

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16 Reasons Why It's So Important To Follow Your Dreams

The 16 Reasons Why It It's So Important To Follow Your Dreams

1. The secret of living is giving, if you follow your dreams then you will have something worth sharing with others, hope, inspiration and a meaning to live, and that to me, is a great contribution.

2. Chasing your dreams will develop your courage. Courage is your fuel to achieve amazing success in life, follow your dreams and exercise courage. In sure enough time you will be unstoppable.

3. There is a reason why as kids we loved magic and dreams. Stop chasing your dreams and you will forget how it feels to live hopeful and young.

4. Great dreamers grow to be independent, learning that they can make a difference all by themselves.

5. Dreams can distract you from the negative events in life. You will weigh up what is more important, your dreams or the drama. Drama seems obsolete when you are passionate about following your dreams.

6. It gives you something to share and inspire your kids with, you have led by example that anything is possible when you put your mind to it.

7. Through accomplishing your dreams you will come to appreciate the experience of failure and know that failure is just part of success and that it wasn’t really all that bad as it was all worth it in the end.

8. Regret is a terrible thing, and a dream is powerful enough to bring you regret if you don’t take the chance to at least follow it.

9. Because you are never too old to dream. Age means nothing when we know what we want.

10. You become an interesting person, you show others you have meaning, direction and purpose.

11. The unknown of following your dreams may spark a little fear, this is okay though because a little fear is known to make you feel more alive.

12. It is fun proving the world wrong, so why would you follow the status quo?

13. The more you chase and accomplish your dreams the more the lines of the boundaries that the world puts in front of us fade, as we learn that any and everything is possible.

14. When you accomplish your dream, you are the first to see it happen. You can share your accomplishments with the rest of the world but you where there in the front row on a single chair to experience the magic that unfolded.

15. Your dreams have no limits, you are the creator of your dreams, big or small. When this is understood, you are able to design a way to favour you plan and accomplish your end goal.

16. A dream is strong enough to define you, once accomplished you prove to others they have no say in who you can and can’t be.

Cheers!

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10 ways to get RICH by Warren Buffet

I was catching up with my readings last night and i stumble on this article. Its not the first time i read about warren buffet and his secrets to success, to be exact i already read a few but what i like about these articles is its simplicity, direct and common sense at some point, So i'm sharing the article with you

~Enjoy


With an estimated fortune of $62 billion, Warren Buffett is the richest man in the entire world. In 1962, when he began buying stock in Berkshire Hathaway, a share cost $7.50. Today, Warren Buffett, 78, is Berkshire's chairman and CEO, and one share of the company's class A stock worth close to $119,000. He credits his astonishing success to several key strategies, which he has shared with writer Alice Schroeder. She spend hundreds of hours interviewing the Sage of Omaha for the new authorized biography The Snowball. Here are some of Warren Buffett's money-making secrets -- and how they could work for you.

1. Reinvest Your Profits: When you first make money in the stock market, you may be tempted to spend it. Don't. Instead, reinvest the profits. Warren Buffett learned this early on. In high school, he and a pal bought a pinball machine to pun in a barbershop. With the money they earned, they bought more machines until they had eight in different shops. When the friends sold the venture, Warren Buffett used the proceeds to buy stocks and to start another small business. By age 26, he'd amassed $174,000 -- or $1.4 million in today's money. Even a small sum can turn into great wealth.

2. Be Willing To Be Different: Don't base your decisions upon what everyone is saying or doing. When Warren Buffett began managing money in 1956 with $100,000 cobbled together from a handful of investors, he was dubbed an oddball. He worked in Omaha, not Wall Street, and he refused to tell his parents where he was putting their money. People predicted that he'd fail, but when he closed his partnership 14 years later, it was worth more than $100 million. Instead of following the crowd, he looked for undervalued investments and ended up vastly beating the market average every single year. To Warren Buffett, the average is just that -- what everybody else is doing. to be above average, you need to measure yourself by what he calls the Inner Scorecard, judging yourself by your own standards and not the world's.

3. Never Suck Your Thumb: Gather in advance any information you need to make a decision, and ask a friend or relative to make sure that you stick to a deadline. Warren Buffett prides himself on swiftly making up his mind and acting on it. He calls any unnecessary sitting and thinking "thumb sucking." When people offer him a business or an investment, he says, "I won't talk unless they bring me a price." He gives them an answer on the spot.

4. Spell Out The Deal Before You Start: Your bargaining leverage is always greatest before you begin a job -- that's when you have something to offer that the other party wants. Warren Buffett learned this lesson the hard way as a kid, when his grandfather Ernest hired him and a friend to dig out the family grocery store after a blizzard. The boys spent five hours shoveling until they could barely straighten their frozen hands. Afterward, his grandfather gave the pair less than 90 cents to split. Warren Buffett was horrified that he performed such backbreaking work only to earn pennies an hour. Always nail down the specifics of a deal in advance -- even with your friends and relatives.

5. Watch Small Expenses: Warren Buffett invests in businesses run by managers who obsess over the tiniest costs. He one acquired a company whose owner counted the sheets in rolls of 500-sheet toilet paper to see if he was being cheated (he was). He also admired a friend who painted only on the side of his office building that faced the road. Exercising vigilance over every expense can make your profits -- and your paycheck -- go much further.

6. Limit What You Borrow: Living on credit cards and loans won't make you rich. Warren Buffett has never borrowed a significant amount -- not to invest, not for a mortgage. He has gotten many heart-rendering letters from people who thought their borrowing was manageable but became overwhelmed by debt. His advice: Negotiate with creditors to pay what you can. Then, when you're debt-free, work on saving some money that you can use to invest.

7. Be Persistent: With tenacity and ingenuity, you can win against a more established competitor. Warren Buffett acquired the Nebraska Furniture Mart in 1983 because he liked the way its founder, Rose Blumkin, did business. A Russian immigrant, she built the mart from a pawnshop into the largest furniture store in North America. Her strategy was to undersell the big shots, and she was a merciless negotiator. To Warren Buffett, Rose embodied the unwavering courage that makes a winner out of an underdog.

8. Know When To Quit: Once, when Warren Buffett was a teen, he went to the racetrack. He bet on a race and lost. To recoup his funds, he bet on another race. He lost again, leaving him with close to nothing. He felt sick -- he had squandered nearly a week's earnings. Warren Buffett never repeated that mistake. Know when to walk away from a loss, and don't let anxiety fool you into trying again.

9. Assess The Risk: In 1995, the employer of Warren Buffett's son, Howie, was accused by the FBI of price-fixing. Warren Buffett advised Howie to imagine the worst-and-bast-case scenarios if he stayed with the company. His son quickly realized that the risks of staying far outweighed any potential gains, and he quit the next day. Asking yourself "and then what?" can help you see all of the possible consequences when you're struggling to make a decision -- and can guide you to the smartest choice.

10. Know What Success Really Means: Despite his wealth, Warren Buffett does not measure success by dollars. In 2006, he pledged to give away almost his entire fortune to charities, primarily the Bill and Melinda Gates Foundation. He's adamant about not funding monuments to himself -- no Warren Buffett buildings or halls. "I know people who have a lot of money," he says, "and they get testimonial dinners and hospital wings named after them. But the truth is that nobody in the world loves them. When you get to my age, you'll measure your success in life by how many of the people you want to have love you actually do love you. That's the ultimate test of how you've lived your life."

Cheers!

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10 Worst People In MLM

           10 Worst People In MLM

I read this article from one of my Facebook Groups recently and i cant help but share it to others in hopes to enlighten some people if not shake and wake them up to the importance of work ethics and proper attitude towards MLM.

First of all, these names names used here are fictional in nature and are not tied to any specific person. So…if I use a name here and it happens to be your first name and the badness applies to you, then it’s simply coincidental in nature.

Also, this people do not reflect any specific company, rather it reflects specific work ethics and/or attitudes of individuals that are detrimental to any industry. 

As a disclaimer that i read in the original article: This post is sure to piss someone off. If it does, then a good idea would be to look in the mirror and ask yourself, “Why does this make me so mad?” 


You ready? This is gonna be fun. 


#10 Wayne the Whiner: This poor fella is so focused on what’s wrong that he spends more time with tissues than in training. He’s so busy wiping his nose that he just missed out on the person in front of him that said they wanted to join. He’s one of those guys that eventually become a “red button” person on your cell phone. If you don’t get that, look at your cell phone and imagine him calling you. You can push one of two buttons, red or green. 

#9 Erin the Exaggerator: Erin makes some money, but far less than she tells everyone. She walks around bragging about how big her volume is and how large her check, only to get caught one day when she forgot to log out of her genealogy report and a friend got a chance to see what she was REALLY making. That friend took a screen shot of her report and posted it up on Facebook for everyone to see. The sad thing is that she actually had a pretty decent check, one that a lot of people would be thrilled to have, so there was no need to exaggerate. Ooops! There went the reputation…and it didn’t even have to go that way. 

#8 Dick: This particular person doesn’t need to be called by any other name. He needs no first or last name, it speaks for itself. He is one of those guys that treats his downline like trash, failing to realize that this is actually a volunteer sport that people do because they want to, not because they are forced to. Dick goes on every day pointing his finger at people telling them what to do, while all the while he does nothing. Dick isn’t very nice. And…Dick’s team is dwindling. Dick is experiencing team shrinkage. If Dick would simply smile more and be more kind, he’d realize that people would stay. 

#7 Crossline Chrissy: Poor girl thinks she is God’s greatest gift to network marketing and that her company is the only game in town. She goes around writing letters to people in different companies offering them a “spot” and a unique opportunity to take part in the greatest thing that has ever lived, putting all others down. She spends most of her time recruiting people from other companies rather than actually growing our profession, showing her true weakness. Instead of “lifting up” our space, she degrades it. The thing is, her company is actually pretty decent and she’d likely make a more positive and lasting impact on the world if she just focused on talking to people that NEED or WANT an opportunity, rather than stealing from someone else. 

#6: Johnny the Jumper: Johnny is well-liked by most…at least for a while. He has a really great personality, but no patience. He’s actually pretty decent at recruiting, mostly because he’s fairly charming. Unfortunately, his fatal flaw is the inability to stick to something for more than a couple of months. After about 15 deals, Johnny’s friends no longer follow him. The last time I saw Johnny, he was making sandwiches in a Deli down in Orlando. 

#5: The King of Whales: This dude talks all the time about “how all the whales are coming in”. He’s one of those guys that you NEVER ever hear from until he’s onto the next deal. Then…when he calls you, it’s like you are his greatest pal ever. You’re the BEST of friends, even though the last time you talked was nine months ago when he was pitching you something else. You’ve heard this so many times before that you can literally lip it…wait, here it comes, “Todd…all the whales are coming in.” I chuckle every time he calls. 

#4: Blaming Billy: This guy is always talking about how his sponsor wasn’t good enough, or how the system sucked. All the while, every company he has ever been in, people are making money. It’s always somebody else’s fault and never his. Poor Billy goes through life pointing fingers and assessing blame. The best thing for him to do what be to go to the carnival and enter the House of Mirrors ride. There…yes, there is where he will find his answer. 

#3: I’m going to make you…Rich: I’ve met Rich a whole bunch of times. Rich talks a lot…until he’s gone. Rich comes in and never listens because he knows it all, even though he’s never made a dime in this profession. He talks about all the volume he is going to create and how you’ll never have to work again a day in your life now that you have him in your downline. Rich was done the moment he opened his mouth. He’s cursed. I’ve met many Rich’s in my day and NONE have ever done anything. 

#2: Paralyzed Paula: Poor girl is scared of her own shadow. Wants to make money for sure, but can’t seem to get out of her own way for even a second. Paula keeps looking for all the answers even though she’s already been given access to all of them. Paula keeps calling you asking for help, even though you’ve given it to her time and time again, and even offered to make calls with her. She starts calling around to others on the team asking for help, insinuating that you’re not willing to assist. Interesting girl. Have you met her?

#1 Reinventing Rhonda: She saved up her money for almost two years to join YOUR team. She’s so excited to “finally” be working with you and to follow your lead. Bummer though. She won’t listen to jack. She knows you’re a leader in the business and that you have a long and proven track record of success, but she’s going to do it “her” way, all the while “saying” she is teachable. Then…she gets mad at you two months into the deal because you have stopped returning her calls. She hasn’t done ONE thing you suggested. She didn’t go to the training site, hasn’t attended an event, isn’t going to conference, and hasn’t event talked to one person in her warm market. Now…in her mind, it’s your fault. Crazy how things work, huh?

So…those are 10. There are more, but since I talked about 10 in this post, I will keep it there. Do you know any of these people?? Ever had the pleasure of working with them? 




"Thanks to Eric Worre, for sharing this article"


Cheers!

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Can you earn BIG money and get RICH in employment?

First of all, before you continue reading this article, let me already advise that this may hit "some nerve" for some people. As they say, "the truth hurts but it will set you free". Now if you are not open to others ideas and creative criticisms then, please don’t read any further but if you are open to others ideas and feel that this is an article meant to help you then, enjoy.

I have been catching on my readings, as well as some bonding moments with my peers and I realized I’m always being bombarded by stories about how hard it is being an employee specifically on the financial aspect. So I made some research online, gathered some experiences and stories and this is what I got.

Honestly, this is a crucial everyday topic already that I am well accompanied to as well, so I used to share the same sentiments and as it looks, not much has changed.

I don't want to say that nobody gets rich in employment, period, since I have read some items that are an exception that does make sense. Here are the exceptions:

1) Employees invest their hard earned money (retirement pay more or less). This is no trivial task since some have taken years to even save in the first place to actually invest it. I know a lot that was only able to invest upon retirement or near that age.

         a) Some would invest in traditional business like water refilling stations (I know a family friend who did this, father retires then invested in the province)
         b) A few will invest in bonds, shares and mutual funds. As much as this is  a enticing and could be lucrative, these are no items for beginners and a lot lose big money from the start due to lack of information and experience.  I suggest you equip yourself first with all the information you can get and an experience mentor/adviser before even attempting this one.
         c) And of course there is the MLM opportunity. Low capital, minimal risk and high returns. Now I will not focus on this for now since I am an active part of the industry and I’m not here to up sell myself.

But in reality while you’re tied in your employee career for the next few decades and have not saved that sum of money, these are what most people are doing.

1) Have you seen and met colleagues selling all sorts of knick knacks and homemade delights? Yes, this is what most are doing part time to make ends meet. Now there is nothing wrong with this, it is an honest source of income and hard work as well. In my Manager career, I was even a loyal buyer from some staff and sometimes a promoter (Christmas cookies or cakes anyone? hers are delicious) so next time, somebody tells you " i don’t like to sell anything" one point of your life you actually sold something from small knick knacks to an idea. Promoting is still selling.

2) Need insurance? Oh yeah, there are a lot of them as well =) insurance is not a bad investment, in fact one of my mentor is worth 20 million in insurance alone. He even said that insurance is a great investment for your money once you have a money generating machine other than your work because if this comes from your pay slip alone, it’s still an expense that could be challenging to maintain.

3) Are you looking for a house or maybe a condo? Honestly, if any of them offered me a place within my choice of locality I could have gotten one then but laguna, taytay and montalban was too far for me back them. Again, another good source but this is more of one time big time for me. No sale no allowance, it’s like selling cars.

4) Pautang (lending money)....too risky for me. Especially in the BPO industry I know a lot of very notorious people and horror stories about this. Again, if your good at harassing people to pay up (just kidding, not always the scenario) then 3%-5% interest are high returns ( Kapit sa patalim people, I know a lot of them. Sadly, some could have avoid this with a little good choices and decisions)

5)  And of course there is the MLM opportunity. Low capital, minimal risk and high returns. 

6) I don’t even want to tackle the shady deals but YES, there are a lot of them. Back then I even know people who would take coupons and make up liquidation reports just to kick some extra. Not recommendable by my standards.

But this has nothing to do with your work directly, what can you do with your work that can give you the chance to earn big? Just one way and that is through “Promotion”

Have you heard of the 80%-20% rule? 80% of the money and compensation only goes to the 20% population. That 20% is such a small percentage to move into especially since that 20% is limited to a number of allocations only. What am I talking about? That 20% is your corporate leaders and managerial positions and trust me they’re not going to give those positions easily because they themselves got it through hook or crook (just an expression)


If i may quote this line from a article from Phil daily inquirer
"It is evident that long years of dedicated service are not the key to making big money out of employment.

This is bad news for employees who have been programmed to believe that as long as they continue to make the businessman rich, they too will get rich when they retire. When successful businessmen retire, they wallow in luxury. When an average Joe retires, he either invests his hard earned retirement money
wrongly, loses medical benefits for sicknesses he contracted as an employee, or simply squanders his big money that he wasn't used to have all his life. Ces't la vie."

Yes, the only option to technically earn big in your work or employee career is be promoted and keep being promoted. Note that I said "technically" not "ethically", you know what I mean.

So what do you need to prepare yourself for the corporate “Rat Race”

Its smart to start in a good company, Why? Promotion requires time and a lot of effort and the last thing you want is to invest those in the wrong company or career path.  Always work with your options, don’t just jump on the first ship that will offer you a ride. Be smart and do your home work about the company and your possible growth path but again this is no easy feat. Everybody has the same idea as you and some may even have the better school and credentials. be ready to fight for that position if you don’t want to be just a average joe at the office.

Your talents and skills. This is your value to the company. The more you have this, the more valuable you are.

Always learn and keep learning. It adds to your value. 

Always have the edge compared to your peers and competition (friendly of course) Always remember, at the end of the day you are still a number to the company and a number away from the next replacement. Number can pertain to stats, deliveries, sales or success rates/projects.

Yes, Attitude is still important. For me at least, when I screen new candidates for positions I take in greater consideration over talent or skill is the person’s attitude and interpersonal skills. Anything can be learned and taught but attitude can make and break everything not to mention you don’t learn this overnight. 

Experience is always the first requirement that all people ask for so be prepared to burn a lot of time to acquire experience. Yes, you can say some get lucky but as a standard, experience is the first thing to check.

Most importantly, be well informed. Office politics anyone? If you’re not aware of your own place politics well, let’s just say it’s an advantage to be in the know. By the way this can make or break you, even if you’re the best in the game, be warned it’s not a fair ball out there.

Hopefully, I didn’t forget anything. Give or take that is what they or you will have to look for if you want to climb that ladder and run that race. As for me, I’ve been there, it was an experience and I would say people can go through the same experience so they can get their own experience and learn the same values because at the end of the day even the big guys in my old companies were always on the lookout for the next opportunity to earn more. I’ll be honest, resources can do a lot in life that’s why admit it or not everybody is looking for chance to earn. There is nothing wrong with money especially if it will make the life of your love ones more comfortable.

As i was always advised, there is no such thing as easy money or easy way. There are always challenges but nobody said that we cant be smarter and handle it better.

The only question I leave you is this, given the chance would you prefer to earn 100,000 thousand after years of hard work when you can earn the same amount in half of that time or even months? Nothing is impossible, there is a lot of ways to earn and some may even know something that’s not included in this article but the point is opportunities are just a waste when you don’t give it a chance.

Rather start young, since you’re going to do business when you’re old anyway.