Raising Money

How To Take A Leap From Being Broke To Earning In Six Figures

Upon starting a new business, we realize that life is full of ups and downs, the downs seemingly too daunting to even appreciate the ups at times. Through struggle the picture easily blurs out and distracts you from the goal. The trick is to, instead, face the struggle upfront and embrace the challenges that come your way. That is the only way to improve your professional life.

All of us hate being destitute but life doesn’t go according to what we desire and how we think it should be. You will face tough times every now and then, and how you work your way around them and surface victorious. That is how you go from being broke to earning in six figures in a matter of time. The right action from your end is all that is required. To help you with that, here are suggestions that you must follow:

Clarity And Change of Perspective

When you are not doing well in business or when you are broke, you have the automatic tendency of blaming everything or everyone around you. You decide that you were victimized. You blame the location of your new business or your resources and their lack thereof or you blame your entire company. The requirement is to shift your perspective and to realize that the fault is within you. You need to change something in yourself, your business leadership skills, perhaps, and then you’ll see clarity. Take full responsibility of your situation and gain clarity about what you want and how you must achieve. This is a simple small business management trick that has done wonders for many entrepreneurs.

Confidence

When you are clear about your goals and how you shall move forward, you will start feeling confident. Confidence is very important to get a move because insecurities are known to be destructive. You will start doubting yourself and you won’t be able to do anything. Being confident will help you work towards your goals. In simple words, lack of confidence will give you more reasons and ways to fail.

From clarity comes confidence and from confidence come motivation and encouragement.

Circle

Your circle of friends and colleagues influences you more than you can imagine. Thus, whom you network with will play a role in your success directly or indirectly. The people you spend time with will determine who you become. For example, if you spend a lot of time with confident, fun-loving people, you will become confident and fun-loving as well. If you hang out with intelligent people, you will become intelligent as well. It gets rubbed off on you before you even realize. The same thing holds true on the flipside as well, which is why you must be very careful while choosing your circle.

Organization and Scheduling

Your business strategy will work for you only if you stick to your ideals and make full use of the time at hand. You must organize everything, cut out time wasting rituals from your life, and concentrate on the task at hand. There is no point putting in 80 hours per week to get your new business going when you waste 25% of it on tasks of lesser importance. Prioritize and spend maximum amount of time on the most important tasks.

There is never an “ideal” time to do something. You must get started and create the ideal time yourself by gaining clarity, being confident, and organizing your schedule so that you get back up on your feet soon.

Entrepreneurial Learning

Entrepreneurs know that life can be really tough and you can hit rock bottom quite easily. Instead of blaming external sources for this, it is advisable to take the responsibility, gain clarity, and then start working towards the goal with confidence. That is the only way to take a leap from bankruptcy to earning well through your business.

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