The “Simple Dollar” blog has a good post about the steps to financial independence. Following these steps can be a great strategy for growing your home business.
Step #1: Freedom from financial reliance on loved ones
Step #2: Freedom from financial reliance on creditors
Step #3: Freedom from financial reliance on employment
By building a part-time home business that provides residual income you can use the residual income to complete steps #1 and #2 all the while developing your future income through step #3.
Personally I like adding an extra step between steps #2 and #3. Step #2 could be freedom from reliance on creditors other than your mortgage. Step #3 could be freedom from your mortgage including an emergency fund.
You can read the article here:
http://www.thesimpledollar.com/2008/06/01/financial-independence-as-a-goal/
Danny
Posted on June 8th, 2008 by The Success Professor | No Comments »
John Jantsch, author of “Duct Tape Marketing” is offering a free webinar for small business owners. This would be newsworthy enough on its own, however it gets even better! Not only do you get the webinar training, but you also get a free copy of his book.
The website is here:
http://www.ducttapemarketing.com/blog/2008/06/04/the-best-things-in-live-are-free/
Unfortunately I’ll be on vacation and away from internet access at the time… 
.
Enjoy!
Danny
Posted on June 6th, 2008 by The Success Professor | No Comments »
One type of home business that you need to beware of are often called “Gifting Programs”. While these programs vary significantly, they generally involve receiving tax receipts for your initial “gift” (or investment), and you can also earn money by referring others and helping them “give” money. These companies are (almost ?) always illegal.
A recent version in Canada involved a company which gave tax receipts for much larger amounts than the donations that were given.
You can read the story:
http://www.cbc.ca/canada/story/2008/05/30/f-banyancharity.html
Whatever the case, beware of these “opportunities” that makes “giving” sound like it can make you a profit.
Danny
Posted on June 4th, 2008 by The Success Professor | No Comments »
Seth Godin has a great quote on persistence. He write:
“Persistence isn’t using the same tactics over and over. That’s just annoying.
Persistence is having the same goal over and over.”
Very powerful.
The original quote is here:
http://sethgodin.typepad.com/seths_blog/2008/03/persistence.html
Danny
Posted on June 3rd, 2008 by The Success Professor | No Comments »
