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Minimizing the Risk - Don’t Give up your day job
 

 

 

 

 

  

The thought of starting a business and getting out of your comfort zone is a bit anxiety provoking, but you can minimize that risk by staying employed and  pulling in that paycheck to keep a roof over your head and food on the table while you build up your own business. 

This is an instance of "hedging your bets", that is, guarding against loss by not putting all your chips on the table, only part of your chips. It also gives you the opportunity to see if you really enjoy the day to day aspect of what you will be doing, giving you a bit of a safety net before taking the final leap.

Start small and work after hours and week-ends from your home, where most of your expenses – rent or mortgage, phone and electricity – are already covered.  From that secure position, with hard work and patience, if you are like many who’ve chosen this path, you will be able to phase out your typical job and work full-time from the comfort of your home, able to give more time and attention to your kids and family.

Gerry Carson, President & Founder of SFI Marketing Group, says “when you say to me you want to quit your job in six or nine months and live off the income from your new business, I’ll tell you that  probably is not reality.”  He goes on to mention some examples of people, just like you and me, who affiliated with the SFI Marketing program and who, after investing some time and energy, managed to reap great rewards.

 “Robert Blackman now earns as much as $85,000 per month. Yet it tookRobert two years to see his first four-figure check ($1,000 or more), andit took him five years to see his first five-figure check ($10,000 or more).

Charles Leslie’s monthly income exceeds $12,000 a month. It tookCharles five months to see his first $1,000 check, and three and a half years to see his first $10,000 check.

Tracy Dieterich earns $36,000+ monthly. But it took six months to hitthat first $1,000, and a year to get to $10,000.

Robert Butwin drops $80,000 or more into his bank account each month.But that first $1,000 check took two years to reach, and a full FIVE years for Robert to reach the first $10,000 check.

David A. Nelson clears $40,000 in a month. But reaching that first $1,000 check took 18 months. Reaching the five-figure check took two years.

Tony Kent has exceeded $90,000 in monthly earnings. But exceeding $1,000 took Tony one year...and a year and a half to exceed $10,000.

In other words, even the most dynamic, highest-earning entrepreneurs in the industry took months to begin seeing an income of any real significance. And the real wealth, the $100,000+ income we all strive for, took an average of almost three years to achieve!”

Carson goes on to say “we reap what we sow, but the harvest is never in the same season as the planting! Today you are planting...and will be at least for the next several months. Your harvest will come in time. Be persistent. Be patient. Work the Web.  Think long term. Take action every day, (no matter how small) to build your business and you cannot fail.”

To start, however, you may wish to keep your day job, to "hedge your bets", so you can see how your revenues are building and plan accordingly.

The Net Boom Is Back - Take Advantage Of It

Net Smart: Use The Reach & Clout Of Net Giants to Make It Big on the Net

Minimizing the Risk - Don’t Give up your day job

Find Your Passion - Sell What You Love - Money & Benefits Will Follow

Starting Your Own Net Business

Trial and Error - The Benefits of Testing Everything

 

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