Defining Success in a Home Based Business

Success is one of those words that is tossed around the home based business arena quite often. Those of us who start home based businesses generally are able to illustrate clearly the reason we did so. Earning money to contribute to the household income, being able to stay at home with the kids and for some simply as a hobby to fill their time.

Regardless of why you start a home business, defining your success can only be done by you. You see, you know better than anyone what you need out of your home based business. This is not something that should be dictated to you by your sponsor or upline.

Keeping your focus on your own success should always be your priority over helping your sponsor or upline achieve their success. They will benefit from your success only if you achieve the level of success as defined by them.

This simple revelation took me the better part of two years to discover and this journey was not a profitable one for me. I was losing money every month in my business with the majority of my business expenditures going into affiliate programs and purchasing leads from those in the business above me. It’s important to note that a business that consistently loses money is one that will eventually dry up and close its doors while a business in profit rarely closes its doors.

I have often talked about the steps I took to rebuild my home based business into one that was profitable, but the most important step I took was deciding to define my own success.

For me it was as simple as getting my business into profit. This didn’t just mean breaking even, I needed to see cash after the monthly expenses were paid for. This realization propelled me into a new way of looking at my home based business and started a domino effect that has resulted in the realization that I could have a profitable business.

Think about the reasons you started your business, or the reasons you are thinking about starting a business. List them and use that list to help you define what success is for you. For some it could be as simple as generating a hundred dollars a month to help pay for a household bill. For others it could be the ability to become financially independent or the avenue for quitting your day job.

I know that once you’ve made the list you won’t see helping my sponsor or upline achieve their success on your list, and there is nothing wrong with that. It is your business not theirs.

The role of a sponsor is sometimes lost in the hype of a company. A good sponsor will do what they can to help you define your success and provide you with tools and resources necessary to achieve that success regardless of how it benefits them.

Your ability to define your own success also relates closely to taking responsibility for your home based business. While it is great to have a sponsor or upline willing to provide the tools and resources to help you achieve your success, ultimately it’s up to you as the business owner to use the tools and resources provided. Furthermore if those tools or resources aren’t working for you, it’s up to you to find the ones that do work in your situation.

Expecting anyone other than yourself to build your business is irresponsible and frankly not a solid business plan. Defining your own success is just one of the puzzle pieces that will help you to build your home based business successfully and earn you the income you desire.