Monday, February 22, 2010

Critical Traits To Possess for Success in Your Home-Based Business

As I have mentioned, before I was a home business owner, I was in a completely different industry—Desktop Publishing and Graphic Design software. However, my job was Press Relations Manager and that position required exceptional marketing, sales and promotion skills. Those skills I developed and used in marketing changed over the years (social media, wider internet use, etc), but what I found didn't change, was the key factors required to be successful. See, people who are successful possess certain strengths that they have perfected through their experiences and through knowledge they have accumulated. No matter what market or industry they are in, they get results because they implement those key traits in every aspect of their business. This is no different for your home-based business. When we talked to friends about starting a home business, one friend of mine sent me an email telling me about an adage that uses the acronym "CRAZY" to explain what a person who starts their own business is. But once I read the details of her email, I had to admit I agreed.
C = Creative Thinker
R = Risk Taker
A = Ambitious
Z = Zen-like Focus
Y = Yearns for Independence

I'm okay with that definition. In fact, I have found over the years that successful people in home businesses actually boast three traits that ensure that success.

1) People who find success are consistent. I have written an entire blog entry on this and cannot emphasize enough the importance of consistency in gaining success. You cannot randomly execute your marketing strategy and expect immediate and impressive results. Having been in the press relations career that I was in, I knew that from advertising campaigns in major publications. The rule of thumb was to run no less than 3 months of ads on a campaign. Six months was actually considered a norm, but if you wanted to create brand awareness and motivate people to act on an ad, you had to get yourself in front of them and stay there. That same rule of thumb applies to you and your home-based business. No, you aren't necessarily running advertisements in major publications, but you are marketing yourself through other advertising vehicles including social media, classified ad sites, hosting a website, etc. And just posting a few times and participating erratically on the social sites does not constitute consistency. Don't give up. Every successful company or business are out there—everywhere. They use every means possible to gain exposure. Even if you are implementing a low or no cost marketing campaign (as addressed in a previous blog), you are needing to be consistent in your actions to actually make progress.

2) Successful people are very  decisive and act on those decisions. They don't hesitate and doubt their decisions and they base those decisions on research and through trial and error. They possess great self-discipline and are able to move forward on their decisions and don't let the "what ifs" hold them back from their action. When they do take action, if it doesn't result in the type of success they had hoped for, they move on. They don't dwell on that lack of success and they don't use the fear of additional failure as a reason to stop moving forward. On the flip side, those that lack self-discipline in decision making hesitate and then waste time pondering the possible outcome. That gets them nowhere fast and therefore, they are even more discouraged. It's a visious cycle and one that will not rectify itself without changing your decision making and self discipline habits. Those that find success are not fearful of change and trying different ways to market and locate prospects is well within their comfort zone. They do not delay in taking action. They set a plan of action and move forward without delay.

3) Positive attitude and determination are the key traits of successful people as well. This is, actually, the most important of all the traits of a successful business owner. Without these traits, you will not be presenting a desirable opportunity or product or service. That's it. There is no getting around it. People are drawn to the positive and determination shows and reflects in every aspect of your business. A determined person overlooks their fears, avoids playing the "what if I fail" game, and gets up each day ready to begin again. Determination is one of the strongest traits you can possess. It will get you through an overwhelming startup, guide you through lean times and keep  you on the path to success. If you don't have determination, you will find yourself questioning your own opportunity. And once you begin to do that, you may as well fold.
Did I always posses these traits? Not by a long shot. In fact, my fear of failure almost kept me in my  long time job and I would have missed out on the level of success we have now achieved working for ourselves. But I spent a great deal of time developing and perfecting these traits as I knew if I didn't, I would never make any headway. And my dreams of being a business owner provided me with a drive that allowed me to quash the negative, adopt the positive, set personal goals, achieve consistency and move forward. Would my idea for marketing produce results? Who knows? But if it didn't produce the results I hoped for, I moved on and kept moving on until I found what worked for us. 

I should say that if devoting time to perfecting and embracing these traits isn't desirable to you, you may want to rethink the home business thing. It will take effort. You won't achieve long-term success if you don't. But if you are one of those "crazy" people who have made up your mind that you are going to live your dreams and reap the benefits this way of life has to offer, then you are already well on your way there.

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