One of the biggest reasons people never start their own business, or choose to migrate from a job to solo-preneur spirit is due to lack of funds. They simply don’t THINK they have what it takes to make the change.
Yet in many cases, the money is sitting right there ready for the taking. The problem is most people focus on the wrong things instead of how to find what they need.
For instance, a person may say “I’ll start my own business after I’ve saved $10,000 to put towards it.” So they start saving.
Then a friend asks them to go skiing. So a couple hundred disappears for the day of fun.
Then the car breaks down. So they spend $500 on repairs. And maybe even determine an old car just isn’t good enough anymore. Several hundred dollars per month migrate into a new car monthly payment.
The problem is people waste time on the minor decisions of life – the things that people are faced with on a daily basis – instead of focusing on the big picture.
Small decisions make us feel productive. So they grasp whatever they can and feel good about this one simple decision.
Chances are you are already starting to see yourself in this line of thinking. I know I’ve been there a time or two myself.
Yet the only way to move forward with what is truly important to you is to really focus in on the bigger picture. If you want the life you’ve been dreaming about, you have to change what’s really holding you back. Let’s go over 4 things you can look at in slightly different ways.
If your goal is to start a business or jump over from a full time career to a full time photography business, have you ever charted out how much money it will take?
Its easy to think about your current take home pay and try and mirror that in your sales. But that isn’t always the true necessity.
Instead, take a look at your bills as they stand today. How much do you need to survive every single month?
Then as you are working towards your goal of full time photography business, concentrate on making more money in the months preceding it to allow you to jump off into your new career. But don’t spend your new-found wealth. Just because you increase your income today by taking on overtime or getting a raise doesn’t mean you should spend it. Instead, tuck that away into a special savings account that will help you achieve your dreams.
If you try and save more on your current income, you’ll always find an excuse to avoid it. Yet if you find a way to make more, you now can continue to live your current lifestyle without having to trim back on the little things you love.
Once you see your savings building and your dreams becoming more concrete, you’ll automatically be motivated to see them through faster. This is when you can start cutting back on the “extras” in your life because you have more motivation to do so. Nothing will motivate you more than seeing your dreams get closer and closer as your savings begins to reach your goals. [Read more...]