Why Are You Waiting to Start Your Dream Business? Motivational Tip of the Day

Why Are You Waiting to Start Your Dream Business?  Motivational Tip of the Day

Today’s motivational tip of the day involves asking yourself, “Exactly, why am I waiting to start the business that I have been dreaming of?” There can be good reasons to wait to start a business. There can also be a lot of reasons why you should NOT wait to start the business.

 

“How much of human life is lost in waiting?”

– Ralph Waldo Emerson

 

Life is short. There are no guarantees about what will happen tomorrow. This year, I was looking forward to photographing the trees this fall once the leaves turned gold. Yet, each weekend in September, I said, “Let’s wait until next weekend.” Well, this week we had snow and a freeze. There will not be any leaves left on the trees this weekend. I missed my chance.
 

If you spend your entire life dreaming but do not act on your dreams; the chance will likely pass you by.

Life is short. There are no guarantees about what will happen tomorrow. This year, I was looking forward to photographing the trees this fall once the leaves turned gold. Yet, each weekend in September, I said, “Let’s wait until next weekend.” Well, this week we had snow and a freeze. There will not be any leaves left on the trees this weekend. I missed my chance.

Have you been dreaming of having a home based business so that you will not have to spend so much time commuting? Would a home based business allow you to spend more time with your children? If you wait too long to turn that dream into a reality, you will discover that your children have grown and have their own children.

Real Estate Example:

Let’s assume that you were dreaming of investing in rental properties back around 2008-2012. During that period, now known as the Great Recession, it was a buyers market in the United States. Home prices were low. So were the interest rates.

I live and work in Colorado. The majority of people that invested in Colorado residential real estate during that time have been able to resell their homes at prices significantly higher than the purchase price.

Yet other people that would have been qualified to purchase during that period came up with reasons that they should wait.

  • “Maybe we haven’t hit bottom yet?”
  • “It is too big a risk to buy right now because _____”
  • “I have more time.”
  • “Maybe I really don’t want to invest in real estate. It would be better for me to wait than make the wrong decision.”
  • “I am concerned that I could lose money….”

The reasons that someone might have waited could go on and on.

Fast forward about ten years. I can’t speak for all areas of the country, but in the Denver and Colorado Springs area’s, real estate has been a sellers market. The housing inventory for buyers to choose from as been extremely low.  Multiple offers are common.  It is impossible to find decent homes for 2008-2012 prices. The opportunity to purchase at 2008-2012 prices is gone.  It is impossible to find homes at 2016 prices.  Those that waited, waited too long. That opportunity passed them by.
 

Online affiliate marketing business example?

A couple years ago, I dreamed of starting an online affiliate marketing business. I wanted to create another stream of income that could help me become financially independent and debt free. Like any other business, it takes a lot of work to create a profitable affiliate marketing business. It is not uncommon for it to take a beginner 1- 3 years before one of their websites is generating enough income that it can replace a full time source of income.

To speed up the process, I joined a Wealthy Affiliate, an affiliate marketing training program that also offers web hosting, an active community and ongoing training. I learned what I needed to be doing. I also had the opportunity to witness other people creating profitable businesses.

Then I got distracted. I got busy. I was tired from all that I was trying to accomplish. I couldn’t motivate myself to write and to work on the websites. Granted, I did think about them a lot. It seemed like I was always waiting until I had more time to write and work on the online marketing business.

Fortunately for me, I maintained my Wealthy Affiliate membership. Not being a computer geek, I was able to easily understand how to track and work on the different websites that I have hosted on Wealthy Affiliates platform. Since I have earned a little of income from affiliate marketing, I know the training that I received at Wealthy Affiliate works.

I would have a higher level of income had I not wasted so much time waiting until I had more time and fewer distractions. Since I spent so much time waiting around, planning and dreaming about the online business that I wanted, I get to help my friends and acquaintances celebrate their $4,000 – $5,000 a month earnings. Those people joined Wealthy Affiliate around the same time that I did.

They didn’t wait until the time was perfect. If they did wait or get off track, they managed to get themselves focused and back to working on what mattered. They worked hard for days and weeks and months. As result, they are currently earning more and more each month from their websites.

They treated their websites like a job rather than a hobby. Actually, a job may not be the correct word. Without exception, they treat their websites like the business that it is. As result, their websites have hundreds of articles and provides useful information to a lot of people. They are getting financially rewarded for having such a helpful website.

Fortunately, with the online internet marketing it is not too late for me to get started. I know that if I keep waiting until I have more free time, that that perfect tomorrow – when I have no other distractions is never going to arrive. So, I am not going to wait any longer.

What about you? Why are you waiting to start the business you have been dreaming of?

Times that it is better to wait

Yes, there are times that it is truly better to wait to start the business you have been dreaming of.    Have you done your SWOT analysis?  In other words have you thought about your potential business’s strengths, weaknesses, opportunities and threats?

1. If you are in serious financial stress and having cash flow problems. Some businesses you can start on a part-time basis and they can provide supplemental income. Other businesses, like the real estate investing example that I used above require money to purchase and maintain the properties. Cash flow problems can kill a business before it has time to get off the ground.

2. If you have a spouse or a child that is having major health issues that require your time and attention. Starting and operating a profitable business requires a lot of time especially at the beginning. You can never recapture the time that you did not spend your family. (Some business ideas will allow you to spend more time with your family than a J-O-B would. Others won’t. It just depends.)

3. There is something in your business analysis that requires more study or waiting until the timing is correct.

For example, you may have a great idea for a business. Yet, there may not be a market for the product or service that you want to sell. An example might be if you wanted to operate a business selling snow skis. Yet, you currently live and work in Florida.


Maybe you live in Texas. You might be planning to open a business that cultivates medical marijuana that would help children with epilepsy.  However, at this point in time, medical marijuana is not legal in Texas. Unless you want to end up in jail, you will need to wait on that business idea.

As you can see, there are times that there are legitimate reasons to wait.

Why are you waiting? Is it time to turn your dreams into reality?

 

 

 

 

 



Leave a Reply

Your email address will not be published. Required fields are marked *