There are two types of legitimate home business owners: people who work at home and people who are entrepreneurs who happen to work from home. Both are legitimate, both can make a great deal of money, and both can run successful businesses that bring them joy. However, the person who views himself as an entrepreneur has a tendency to excel faster and do more with his business than the person who is a work at home business owner. It is a matter of perception and if you have chosen to leave the traditional working world because you want more from your career, you are more likely to experience fulfillment if you take the approach of being an entrepreneur.
It might seem that something as tedious as what one calls themselves might be small beans compared to growing a successful legitimate home business. The truth is that research shows it does have an impact. In addition to enhancing a person’s self confidence when it comes to conducting business, it actually plays a role in the measurable results affiliated with the ownership of a legitimate home business.
Business owners who call themselves entrepreneurs tend to work longer hours. Studies show that at least a third of these business owners work more than 40 hours per week. Nearly all of them said they were extremely optimistic about the future of their business and nearly a quarter of them spend at least four hours per week generating new business. What this shows is the focus on the future that entrepreneurs tend to have, as opposed to their work from home counterparts. Legitimate home businesses that are owned by people with a future focus tend to fair better than those who are focused only on the here and now.
Entrepreneurs also have a greater effect on the world around them than those who are merely running a work from home businesses. When you see yourself as an entrepreneur, you tend to be open to greater responsibilities and view these responsibilities as opportunities.
Entrepreneurs also have a greater effect on the job market and the economy. As your business grows you might have opportunities to hire others. Studies show nearly 50% of entrepreneurs delegate work to others, providing jobs to those in need. In many cases these are other business owners and entrepreneurs, so the effect of one entrepreneur has a ripple effect on the job market. In contrast, less than a third of legitimate home business owners who do not see themselves as entrepreneurs choose to hire outsourcers or employees.
So how to business owners make this shift in perception work for them? Viewing their business as a serious, growing enterprise is often enough to boost a down time in business. Even if you start out slow or you are growing a part-time business, your view of your legitimate home business makes all the difference. When a business owner’s mindset is professional and future oriented, he will behave in a way that appeals to potential clients. This attitude will also affect specific areas of your business. When you view what you are doing as a true business and you see yourself as an entrepreneur, you will place a high priority on marketing, human resources, customer service, and all of the other things that affect your business. You will keep your finances organized and take time for research and development.
Entrepreneurs have a tendency to compartmentalize each of these areas and develop them. Many of the tactics that work for large, successful businesses can be effective for small, legitimate home businesses, but if a person just swings through the day, they are less likely to utilize these tactics. Entrepreneurs have a clear direction for their legitimate home business and the ability to implement what needs to be done to achieve their goals.
Becoming an Entrepreneur
So how do you transition from someone who works from home to an entrepreneur who owns a legitimate home business? Do you just wake up one morning with a different self-view? Well, quite possibly. Sometimes things just click for business owners and the changes happen naturally and suddenly. If you have been looking for that one thing to trigger a different outlook on your business, it really might be this simple.
However, that is not the case for everyone. Some people need to groom themselves into having that entrepreneurial spirit. The process can actually be a great deal of fun and a great learning experience. Begin by investing in your business knowledge. Embrace owning a legitimate home business and take some time to do more than just “get your work done.” Set aside a small amount of time each day to focus on becoming an entrepreneur. You might even want to set aside a number of the things you have been working on to give your complete focus to this for a week or two. Essentially, you are re-branding yourself as an entrepreneur.
Read business books, visit business websites, and interact with other successful business owners. Get your business juices flowing with new tips and tricks. Learn more about how entrepreneurs conduct themselves and look for ways to incorporate these actions into your life. Changing your attitude can be challenging, but it can also mean a windfall of success for your business. It can also bring a fresh outlook to other parts of your life. The go-getter spirit of entrepreneurs typically bleeds into other parts of their lives. People often report feeling more creative and fulfilled in their personal lives when they take a different approach to their legitimate home business.
If you are interested in owning a legitimate home business or you are ready to embrace the entrepreneurial spirit, I can help. I have worked with people who have gone from average working employees focused on earning a paycheck to successful entrepreneurs that love what they do everyday. They are now in control of their lives and their futures. Download my free report and MP3 to learn more about business ownership and creating a successful business attitude.