Home Based Business Success is Never and Accident, part 2

In our previous discussion we examined how Home Business Success must be studied, much the same as in any other business or vocation. In this article we will discuss how success must be planned. No successful venture is ever entered into without a plan. Sports teams enter into a game with a game plan. Corporations enter into business with a business plan. Medical professionals develop a care plan for their patients. So why should it be any different when entering into a Home Business? As the saying goes, "failure to plan is planning to fail." How true. So how does one plan success?

First and foremost, you have to know your marketing plan, how your company goes about selling it's products and business opportunity. In order to work a plan you have to understand it. Your company and your upline will have a plan that is tried and proven. Learn it and follow it. As I said in my previous article on this subject, "don't try to reinvent the wheel." Your upline are successful for a reason. Find out how they did it, do what they did and you will succeed, as well. In other words, duplication. It works.

Next, you need to establish a budget. You need to know how much you can spend on advertising, office supplies, training materials, etc. Set a budget and stick to it. Keep a record of expenses and income. If you don't know how much you can afford to spend compared to how much you are spending, you will have no idea how much money you are really making. Also, because this is a business, most if not all of your expenses will be deductible. Find out what expenses are deductible and keep track of them for tax purposes. Save your receipts.

Another thing you must budget is your time. Decide how many hours per day, per week, you can devote to your business, and stick to it! Within this framework, you will have to allocate time for studying and training, calling prospects and following up with them. You will need time for record keeping and scheduling appointments. As your business grows you will need to spend time training your new people to duplicate your success. All of this is time consuming and you need to plan for it. And, very important, plan and schedule some down time and family time. You and your family will need it.

Next, you need to know how to talk to your prospects. If you know ahead of time what to say and how to say it, you will be much more comfortable talking to people. With the help of your Mentor and some pre-written scripts, practice first time prospecting calls and follow up calls until they become second nature. Practice handling objections, you will get them. Listen in on live calls with your mentor, then have him or her listen in as you do the talking and then have them give you feedback afterward.

A point worth mentioning here is the need to be prepared for rejection. Not everyone you talk to will be receptive. Count on it. Some of them will be downright rude. Also, be prepared for people in your business to drop out, some for valid reasons and some for poor ones. Some of them will even blame you for their failure. Be prepared to feel discouraged at times. It will happen. If you are prepared ahead of time for these setbacks, you won't be blind sided by them, and you will be able to deal with them.

Having said all of this, no plan is perfect and no plan can foresee all the obstacles you will encounter. You will have to be flexible and will need to make adjustments to your plan along the way. Don't be discouraged when this happens. If you have a framework to work within and have set some goals to strive for and if you keep your eye on the prize, your financial freedom, you can adjust your plan and keep right on going.

In summary, no business, your own Home Business or any other venture entered into haphazardly will ever succeed. Fail to plan and you are planning to fail. So, make a plan and follow it. Budget your money and your time. Know your company and your products. Practice your prospecting techniques until you have them down pat. Listen to and follow your mentor. Expect setbacks and obstacles and when they come adapt and adjust. Stay focused on your goal. Do these few things and you will be successful, I guarantee it.