Back then the year that was, the year of 2000. The Internet was still evolving. Facebook was almost non-existent and YouTube was never heard of.
I started digging online for ways to make some extra money on the side, to hopefully quit my (then) full-time job. But then what happen was, I am caught on the cross fire, I am trying to look for extra income but, I got retrenched due to economic turmoil that affects the company I worked with. So I end up with no income and looking for a job almost everyday for more than few months. Then I stumbled upon this thing called your own business, networking or MLM, multi-level marketing. And since I don’t have a job, I tried just to have something to do and not stay at home. And with hardwork and perseverance after more than 16 months, I got my first Big Income. But I become so complacent and let my downlines work for their own, It never cross my mind that I need to be with my team for trainings and other team building activities. With that andother factors, I again felll out and back to zero.
Before that reversed back to December 1998, I officially registered my own business in construction, design and build. At that point, my business was able to supplement my income. It was a proud moment I will never forget. I was 22 years of age and thought I had it all worked out.
MY GOAL WAS TO MAKE A LIVING ON MY OWN WAY AND NOT HAVE TO REPORT TO A BOSS EVER AGAIN. IT WAS A GOAL ACHIEVED.
In just a few couple of months, the business flourished and we got big projects, bringing us millions of money in our profit. We got BIG time.
What happened the next was something I could not have imagined.
I got comfortable and complacent again. A bit too comfortable, I’d say. Comfortable in ways where I was doing just okay and didn’t take any steps to grow it any further. I spend money everywhere I want to, as if there was no end on the supplies of money. I don’t know how to handle the fast flow of money coming in and I easily flushed it out.
My business suffered as a consequence because it was stagnate and, inevitably, sales and projects started going down.
I thought I knew everything that I had to know as a business owner, but I was wrong.
In a pretty desperate state I was, I started turning to offers that sounded too good to be true. You know, those shiny objects that promise and make ridiculous claims?
I even went on to buy a website from someone who was selling it for $18,000. It was short-lived in just two months after acquiring it. Google decided to penalise it due to methods that didn’t follow its guidelines.
You can say I got burned and ripped off, but it was a lesson in disguise…or, perhaps, I was just too naive to see it.
I’m sharing my story in hopes that my failures and mistakes will help you along your journey because I know how it is going through rough times, wishing that there’s a light at the end of the tunnel.
I know you don’t want to give up and ever settle for mediocre. You are pursuing your dreams for a reason—for a deeper meaning or cause.
I have recovered and learned a lot from the roller coaster ride and have developed more wisdom as a result.
During the process, I did learn a lot and it’s those failures that taught me.
Here are 7 important lessons I learned along the way:
1. TAKE RESPONSIBILITY
I was naive to think that everything will be fine and problems will just go away if you leave it long enough. Not surprisingly, things don’t work that way.
I lacked an understanding of things like where sales were coming from, which social platforms was driving the most traffic, who my top customers were and the business’ sales and expenses.
It may sound obvious to do all that in a perfect world but these are things that no one teaches you in school.
At the end of the day, you are responsible for your actions. No pointing fingers, no excuses.
2. SET GOALS
Yeah, you’ve probably heard a thousand times that goal setting is important to ones success, and so it is.
During my plateau, I didn’t have any concrete goals. I was just happy to make money and make sure all my bills are paid.
When you set goals, you need to set it really clear:
How much do you want to make? When do you want to make it by? What will you do to get to there?
Those are the three important questions you need to ask yourself.
One of my goals was to make $10,000 profit per month within 6 months. I set that goal and had it firm in my mind. I achieved it within 2 months after setting that goal.
3. HAVE A SUPPORT SYSTEM: CREATE A MASTERMIND ALLIANCE GROUP
As a business owner, your ego can get in the way of your success.
You believe in your idea so much that if someone were to say something negative or give their honest opinion about it, you would defend it in a blink of an eye.
Sometimes we need to just let that ego down a notch and just be open and take in people’s criticism.
One of the most powerful things you can do for yourself and your business is to have a support system.
What I mean is that you should either form or join some sort of mastermind group—all whom are like-minded and have similar visions and goals as you.
Your mastermind group is there to keep you accountable, share their feedback, stimulate your creativity and, overall, support you all the way.
I read and re-read the chapter about The Power of a Mastermind from the book Think And Grow Rich by Napoleon Hill, but I never quite took action on it.
I thought I could do it all on my own and didn’t need anyone’s support. I didn’t want to trade ideas in case they stole it.
So I left off the idea of a mastermind group for years.
It was only the past year that I got to experience the true power of a mastermind group…and believe it, my business has grown ten fold ever since.
4. TREAT IT LIKE A REAL BUSINESS
It came along with some lessons in scheduling, for building a business on the side around all your other obligations.
Start with a weekly calendar, one that includes hourly markings. Block off your set time commitments, whether work, family, or community. Circle the times you have available for this project, even one hour at a time. Assign work to the circled time blocks, starting with your income producing activities.
The opposite is to treat it like a hobby: to work on it when you feel like, or whenever you find time. It’s up to you. Do you want a new business, or do you want a hobby?
The internet can make a business seem less tangible as everything’s digital, but don’t let that deter you away from thinking that it shouldn’t be treated the same way as a brick and mortar business.
Every business has processes, systems, people, taxes to pay, etc.
I thought too small and did everything myself: designing, writing, setting up my websites, writing copy, answering emails, support and so much more.
One of the best decisions I’ve made to date is putting trust in others to help me in my business. I now proudly have 8 people in my team who all live around the world, and it’s given me a lot more time to grow the business.
I trained each and every person in my team to basically replace a lot of the tasks I was doing myself. It takes patience, indeed, but once they get the hang of it, you’ll feel a ton of weight off your shoulders.
5. WHAT YOU GIVE, WILL COME BACK TO YOU MANY TIMES MORE
The law of reciprocity works wonders. Whatever you put out, you will get back many times more.
Whenever I help my subscribers, I am always rewarded in some way or form.
If I give, I end up with more. In the end, it’s all about giving value, so think of how you can be of value to others. It can be in any form – a product, an email, advice, or whatever it may be.
6. FOCUS ON ONE THING AT A TIME
This is the I advice I always give to my students.
That is, focus on one thing at a time. Focus on one system or model at a time.
You’d rather focus all your effort to one thing than spreading yourself short.
If you’re going to focus on learning how to use Facebook Ads, as an example, focus on just that. You’d be surprised just how much further you’ll be.
It’s more important to get started than knowing how to do everything.
If your goal is to become a top blogger, then learn the steps to blog. Don’t worry about how to implement Facebook Ads and other such methods just yet. You will naturally progress, get better and eventually learn more things.
7. DON’T GIVE UP
Trying different things only to watch yourself fail can be depressing.
Persistence is a strong trait to have as an entrepreneur. The more you persist, the better you will get and the more closer you will get to your ultimate goal. That is the bottom line.
Procrastinating is okay. It’s natural. Some people work better ahead of time and some (like me) work better closer to deadlines.
The point is to never give up because it’s those who keep going who get results.
My intention for this post was not to serve as a quick burst of motivation for you, but to enlighten and help you carefully think about your direction, and to make conscious decisions.
I also hope it’s brought back those reasons why you’re starting or continuing your venture in the first place.
I want to pass on this knowledge as if it were a message I would tell myself when I was going through my journey (and it’s a journey I will always continue).
I know there’s a lot more I need to learn and I’m truly excited about what the next year, two years, five years even 10 years has in store.
What hurdles have you faced? Share your experiences below.
With your persistence in our today’s training I would like to give to you as a Bonus the copy of e-book “Never Give Up” For Free.
But you must ASK for it first so that when you got it you will love to read it. If you want a copy.
Never Give Up
Discover 70 Ways To Stay Persistent And To Never Give Up On Your Dreams!
We all have dreams and for that dream, we do everything we could. But sometimes, as we experienced some fall backs, we doubt ourself if we have the cabality to achieve those dreams.
Inside this ebook, you’ll Be Able To Accomplish Anything In Life as you will discover:
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And much more!
Please send me an email at firstname.lastname@example.org
To Your Success and Abundance,
ARCH. RESTY REJANO ROSALES
Originator/ Co- Founder of i.GIG Rapid Sponsoring System