Everyone wants to break away from the 9-5 job and the scrutiny of their boss. In fact, unless your self-employed you can always be sure that you’ll have someone watching over you ready to sack you as soon as you step out of line. When your the boss, and the owner, things change. Not only do you truly want your business to succeed, you can become filthy rich from the work that you put in to get there. So yes, everyone wants to be their own boss and experience true financial independence. However, the question is, how do you get there?
Think Outside The Box – Too many people fail to think outside the box. For example, they’ll see that some websites are successful and they’ll try to replicate exactly what they do. This can sometimes work, however more often that not it won’t. Rather than copy a successful idea like-for-like, why not see if you can apply the successful elements of that website to your own?
Capitalize on Opportunity – If you spot a great idea then be sure to capitalize before everyone catches on. That means you shouldn’t wait around for everyone else to spot the opportunity that’s available: scale up fast, and grab as much market share as you can. For example, if you spot a great affiliate offer that’s doing well and converting for you then don’t hold back. If you go for it straight away you can start to dominate the organic SERPs for that product, and buy up all the advertising inventory you can find that converts. When you do this you’ll be able to negotiate better rates with the merchant, thanks to the volume you provide, which means that any new comers simply can’t compete with your dominance.
Execute – In the business world everyone talks about the importance of planning. It’s true, planning is really important. However, what good is a plan, if you can’t execute? When you come up with an idea, the best advice you can get is to go for it. If it doesn’t work then accept it and move on. However, at least you can say you’ve tried. Each time you try a new idea you equip yourself with more knowledge you can apply to your next venture. Just remember that you’ll never know if an idea works until you’ve went with it.
Swallow Your Pride and Move On – If you have an idea that doesn’t work then the worst thing you can do is spend too long trying to rescue it. That doesn’t mean you should give up prematurely – far from it. However, if you have an idea which doesn’t seem to be working then don’t spend the next few years obsessed with it. Why not move onto your next idea? The best products are made by people who are obsessed with them, however the best entrepreneurs are often those that are obsessed with the end results rather than the product that’ll get them there.