Profitable home businesses learn

Three aspects to learning

There are three aspects to learning in work from home careers:

  1. Book Smart (includes audio books and educational video)
  2. Street Smart
  3. Learning by association

Book smarts help you increase your profits

By book smarts I mean you have to focus on formal learning. It is advised you read at least 10 pages a day of books that will help you develop in your business area and your life in general. Napoleon Hill in his book Think and Grow Rich interviewed many millionaires. They all agreed your way to earning extra money is limited by your personal growth. So you have to grow faster than your business in order for your business to keep growing.

Street smarts in home Internet businesses

In legitimate home Internet businesses there is usually a lot to learn at first, so you have to work at it. Persistence is one of the 8 attributes of successful people I identified in a previous post. The best analogy I have is a game of football. The points on the board while the game is in play is called the score. It indicates how well you are doing while you are acting. You look at the score and if what you are doing is winning you keep doing it or improve further. If you are loosing you look at what you have been doing and correct any mistakes. It’s a rhythm of continuously, ‘plan, do, review’.

It’s called the result when the game is over. In the case of a business the ‘game length’ can be a  financial quarter, six months or a year thats when you look at results. On a day to day basis focus on the score and act to win.

Profitable home businesses are linked to people you associate with

Many studies have shown that our income is roughly the same as the five closest people we regularly associate with. Why? Because we are comfortable in such a group, ‘birds of a feather flock together’ is truer than many people realize. Now bear in mind you want to be in the 5% success club. Who would it be best to spend more time with, your friends or people who are at the level you want to be?

You guessed it, you have to associate with successful people, talk to them and see what they did and overcame to be successful. Use them as a role model. This is about who you spend time with as opposed to making judgements about your friends. Tipping the balance towards meeting and exchanging ideas with successful people will make a significant difference to your success.

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Andrew Peel

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