How To Be Your Own Boss...

If you are working for someone else now, sometime in your life you must have thought to start your own business. But before you start to be a boss online or offline, you need to know what it needs to be your own boss.

Core motivation

Let's think about this, "What do you want in life and why?"

Is an annual income of $84000 and the title of middle level manager not financial security to you? If not, what is your definition of financial security and why?

To me, I want to secure my children education funds (although I have no children yet). Education fund is quite heavy these days. If you want to send your children oversea for more exposure and education like me, it will cost even more if I don't start to build the business today, I might regret later.

Of course, I also want to spend more time with my family. I have seen some parents with high pose in the company but work so late that they have no time with their children. I want to grow up with them. :-)

Once you have determined your core motivation to be your own boss, not even the strongest challenge will stop you from achieving your goal.

Mode of business

As technology is maturing, you are no longer bound to be an offline boss. There are a lot of people who are earning their income online.

Both mode of have their pros and cons. You must first find out your interest before you start your business. There is no point to build an online business when you love to interact with people face to face.

Plan

No business is going to excel without proper planning. This is because a proper plan will help you to focus on your business. You can hire professionals help if you don't know how to plan your business.

Here are some tips to a good business plan:

• Be flexible – you need to make the necessary adjustments whenever it is requires.
• Management – you need a proper way to manage your team or freelancers.
• Executable – ultimately, you want to profit from your business. There is no need for tedious steps.
• Marketing strategies – determine how you are going to promote your product and how to get maximum exposure of your product.
• Cost – this is one big question to how to be your own boss. Find ways to manage your capital and get the maximum returns from your investments.
• Risk – what are you going to lose if your customers didn't buy from you and how long can you sustain that kind of loss.
• Back up plan – no matter you are building an online or offline business, things will get out of hands sometime. What are you going to do then? You need a back up plan to bounce back on your feet if the initial plan fails.

Hope you find these tips helpful to be your own boss. :-)

Create Your Success,

Wong Michael. :-)
http://www.beyondaffiliatecash.com/

Remember, earning big is easy as long as you know how. :-)