Can Your Business Make You Rich?
Many years ago I wrote a blog post that looked at the reality of how much money you actually make when you run your own business.
You can read the article here – Do You Want to Run Your Own Business? Read this First!
My premise back then was that most business owners don’t make a whole lot of money until they sell their business.
This situation is very similar to what an employee, who stays with the one company for many years, goes through. A business owner can make a salary level income year after year, and then one day, likely at retirement age, the business is sold and a nice lump sum of cash is returned, much like a superannuation or retirement settlement an employee receives at the end of a long career.
Obviously this situation isn’t ideal if you are an entrepreneur looking to create freedom in your life, both time and financial freedom. If you spend all day, possibly beyond normal working hours, in your business, and you’re taking home an income pretty much equivalent to a salary (plus you have many more responsibilities than an employee), you are not in a great situation.
Turning Cash Into Assets
If I look back over the last five years of my business life, there have been a handful of significant “spikes” in my income.
The spikes have occurred because of either of these events -
How To Combine Your Brain And Willpower To Break The Pattern Of Average Results
There are some sad facts about this article you’ve just started to read, sad for me as the author and sad because it reflects something unfortunate about our current society.
Today we just don’t have enough time to learn new things. Worse still, most people don’t have the motivation to improve themselves and their lives, and instead choose to use what spare time they have to seek instant gratification, short-lived pleasures from entertainment, food and other leisure activities.
It’s a universal law that what comes quickly and easily is not satisfying for a long period of time and often can have a lasting negative impact. Junk food is tasty while you eat it, but it’s not doing much good for your body. Eating raw veggies is not always the tasty option, but doing it for long enough and you start to feel good.
In the Internet marketing space the same rule holds true. The techniques that are easy to do, for example using automation software to scrape RSS content for use on “spam” blogs, is never going to make you money long term. Yet if you focus on producing quality original content on your blog, and do it long enough, you can establish an asset that delivers income for years.
There’s nothing wrong with having fun, enjoying your spare time and occasionally indulging in instant gratification behaviors, but if you want to experience long term satisfaction in your life, you need to invest in yourself and become a better person. You need to become more than most people ever aspire to in their lives.
Most People Will Not Read The Next Paragraph
I said this article is sad for me as the author because the majority of people who were exposed to this text never read this far. Even if the title was compelling enough to convince them to read the first paragraph, they likely only made it as far as one or two paragraphs, began scanning the document from there, or browsed away.
As a blogger you learn to live with short attention spans and as an Internet marketer you learn that you can do very well if you have the attention of a small group of people who love your work. This is a powerful awareness, once you accept it and learn how best to leverage the situation.
Sadly, the knowledge I just shared with you, which I gained through experience and study, and teach to others through this blog each and every week, is insight most people will never become aware of, let alone go on to benefit from by starting their own blog or Internet business.
