Starting a new life as a home business entrepreneur can be exciting, heady, mysterious and stressful all at the same time. He chose his company and sponsor, invested funds, got his website up and running, and now, three months later, wonders why he’s not seeing the big paydays he hoped for. Others in your company are doing a pack every month and you’re using the same marketing system, so why isn’t it happening to you?

What is the missing ingredient that you haven’t discovered yet?

Brief and simple, it is personal development.

It’s not magic, it’s actually quite simple, but if you don’t give it the attention it requires, your chances of success as an entrepreneur are slim to none.

The biggest mistake new online entrepreneurs make is focusing too much attention on the new business and not spending enough time on themselves. If you take a short time to study the habits of the top earners in this industry, you will quickly see that they were the ones who realized that they had to develop their mindset as much as their marketing skills. They spend at least as much time on themselves as they do on the nuts and bolts of their business.

For new entrepreneurs, this can be a difficult lesson to learn. The failure rate in our industry is very high (over 90%) and most failures occur within the first few months. So what can you do to get your business off to a good start?

Find out your “why”. What is your motivating influence for being in this business? Is it the money, more time freedom, spending more time with your family? Find out before you go too far. Put it on paper and review it. frequently.

Set your income goals. Give some thought to how much you expect to earn in your first 90 days, three, six, and 12 months in business. Write these goals down on paper and post them where you will see them every day. From here, it’s your job to find a plan that helps you reach your income goals.

“Develop a mindset for success. Most of us come into this industry with a 9 to 5 work background. The mindset of someone with a job is the complete opposite of an entrepreneur. The way to change your perception is to read, watch and listen to everything you can get your hands on to help you develop an entrepreneurial attitude.

“There are literally hundreds of books on small business success. From classics like Napoleon Hill’s “Think and Grow Rich” to modern resources from the likes of Robert Kiyosaki (Rich Dad Poor Dad and the Cash Flow Quadrant) will guide you towards the right direction.

“Monkey See – Monkey do. Study what top earners do, act and say, and don’t be afraid to copy them. They didn’t know everything when they started, but they were smart enough to learn from those who did.” .

Successful home business entrepreneurs live a life that most people can only dream of and never get to experience. If you spend as much time developing your mind as you do learning the everyday skills of running your own business, you will greatly improve your chances of success. With a life of complete and utter freedom as your prize, make a promise to yourself to do whatever you can to give yourself the best chance of success.