Continued from page 1
business altogether, read on.
There are numerous "house-hold name" companies that look nothing
like they did in
beginning. Two that immediately come to
mind are Hewlett Packard and Nintendo. Both of these companies
were smart enough to shift their direction as
times and
market dictated.
Nintendo originally began as a playing card manufacturer, and,
realizing that
company was actually in
entertainment
business as opposed to a playing card business, shifted the
company focus.
Today, they are one of
most successful electronic and video
game companies in
world.
Know what your focus is, not just
product and service you
are selling. Have a vision that is bigger.
Are you selling weight loss products or an enhanced self-image
and better health? Are you offering Internet Service or an
incredible system of communication, education and resources?
It's important that you are clear on what your business is
really about so that you can recognize when you may need to take
some risks.
So how do you know whether or not to take a risk? Follow these
steps to make it as calculated as you can.
1. Use your head, don't just follow your emotions. Gut feelings
are important, but you must also do your research carefully.
Find as many resources as you can for information. Talk to
people and don't be afraid to ask direct questions.
2. Write out a list of best case scenarios and worst case
scenarios. This exercise should provide you with a good
measuring tool, if you are fair, reasonable and honest with
yourself.
3. Test
waters if possible. Do a little market research.
If you're deciding whether or not to go fulltime, take a month
leave of absence and see how it goes. If you are trying out
a new product line, choose a few of your best customers and
introduce it to them and ask for feedback. And, if you are
considering changing
course of your business entirely,
begin seeking out new customers or associates for your new
endeavor.
4. Finally, have faith in yourself and your ability to make
the decision that is right for you!
Every fortune that's been made has involved some degree of
risk, as have all great inventions, business ideas or
revolutions.
At some point, assuming all else points in
right direction,
you must close your eyes, trust your instincts and take a leap
of faith!
Remember, you can't steal second with your foot on first base!

Jackie Ulmer, a veteran Home Business Owner, has coached thousands of men and women on starting a successful home business. Her free newsletter provides ongoing tips, resources and options for home businesses. Subscribe by email to mailto:streetsmartwealth@quicktell.net She can be reached through her web site at http://www.streetsmartwealth.com/