If you want to build any business, you need to learn how to do it, the skills that require you to build a successful business. This applies to building a home based business too.Here are the 5 critical business building skills that you need to guarantee your success in your home based business.1. Marketing SkillsAll businesses need marketing. Marketing is about finding a group of people who are looking for a particular need, and you find solutions to provide for their needs. That’s where your business comes in. You must know how to target these group of people, and market to them effectively!Many people don’t know how to market their business and they just try to sell them to All people, which is wrong. They will then go ahead and pitch their deals to every person that they know, and thus losing friends and chasing people away from them! If you want to get sales and results, you have to know how to market.2. Relationship Building SkillsBusiness is about building relationships. You want to build strong and long-lasting relationships with business partners, with your team, and your customers too! Remember? People buys from people they know, like and trust! Only when strong relationships are built, there then comes long-lasting businesses.3. Leadership SkillsLeadership skills is crucial to the growth and success of a business. All successful businesses are led by leaders. In your home based business, you are your own leader. If you have a team of business partners, you have to be the leader to lead them, and groom them to become leaders, to lead their own people too!4. Communication SkillsI can’t stress this further. We all communicate, however, to be successful in your business, you have to communicate well. You have to be professional and present your benefits of your products or services to your clients the right way. You have to communicate well with business partners when doing business with them.Business fail when communication breaks down and misunderstandings occur. And hence, it is very important that you master communication skills too.5. Teaching And Coaching SkillsThis skill may not be very important in other industry, but it is especially important in the home based business industry. If you are working with a group of business partners, you must learn how to teach them and groom them to become independent entrepreneurs too. You must be able to coach them and make sure that they are able to learn and apply what you have taught them, without being information overloaded.Only if you know how to pass on your skills and grow them to become independent entrepreneurs, then your business can run and grow without your presence.These are the 5 really important skills you have to master, if you want true success in your home based business.
Real Estate Syndication Secrets – How to Make Extraordinary Profit Gains in Today’s Market
While many of today’s real estate investors are suffering from this massive, global economic meltdown that’s causing unemployment to rise to at least 10% by this fall, bank foreclosures to skyrocket and prices in most real estate markets to fall more than half from their peak, my students are making 6- and 7-figures with real estate investing syndication.
For example:
o My client, Jay Redding syndicated his first commercial real estate property in Indiana earning his investment business an immediate $250,000.00 in cash and equitable profits.
o My client, Certified Financial Planner, Michelle Agar syndicated her first group of 5 investment properties in Edmonton, Alberta, earning her $269,000.00 in profits.
Want to know how they’re making extraordinary profits in today’s real estate “Perfect Storm” of opportunity, and how you could do the same?
6 Elements A Real Estate Investing Business Needs to Make Extraordinary Profit Gains with Less Than a Part-Time Effort
Profit-making element #1: Vision and Planning
You need to understand that your investing business should be treated like you would for your own baby in the beginning and it should be nurtured as such. I don’t believe that any parent in their right mind with a newborn child says, “I’m going to walk away from this baby and leave it to fend for itself without any help and check up on it every few weeks or months. Then I’ll see if it has fed itself, changed its diapers, growing strong and operating with positive values and ideals.”
If they did this, their baby would die. Yet, I see one investor after another doing the same thing with their businesses and then they wonder: “what in the world went wrong.” They failed to plan. They failed to create a vision. They failed to implement proven business systems. Anf finally, they failed to focus their efforts on launching and nurturing their business so their investing business will be ready for more independence in the future.
Profit-making element #2: Specialized Knowledge
As an investor you need to know how to find, finance, hold and flip deals. You need to know negotiation strategies, NLP mind tricks, what’s-working-now techniques, real estate contracts, and how to adapt to opportunities in more than one marketplace, using more than one investing strategy. And, if you don’t have these specialized skills and knowledge then you need to find one or more partners that have the resources, skills and knowledge to help you close more deals. That’s what real estate investing syndication is all about. It’s the ultimate Joint Venture investment business.
Profit-making element #3: Applied Strategies
There are very specific strategies that you need to know in order to:
o Set up an organization that generates huge profits on its very first transaction
o Position yourself as a syndication expert so more people want to work with you
o Create and generate profits 8 to 12 different ways on every deal
o Deal with the legal ins and outs
o Finding the perfect syndication partners
o Leverage your knowledge into massive wealth
Profit-making element #4: Mentorship and Advisors
My real estate investing syndication business generated over 3.2 million dollars in equity and cash profits within its first 93 days. In 26 months we had transacted over 14 million dollars worth of real estate across 5 markets in North America.
I credit much of my success to Research in Motion’s CEOs Mike Lazaridis and Jim Balsillie. Working under two of the world’s most prominent self-made technology billionaire face-to-face for four years certainly helped me hone my business and relationship skills fast. Remember, behind every successful entrepreneur is a mentor that has helped guide he or she in the direction they want to go.
Profit-making element #5: Strategic Partners
When you become a real estate syndicator and partner with other investors who have money to invest in the market you:
o Build a formidable reputation
o Do more deals by leveraging this concept
o Create a fortune for yourself without using your own money
o Become a major player in the market without risking any of your own capital
In other words, when you transform your real estate investing business into a syndicator, you create a win/win/win for everyone involved.
Profit-making element #6: Systems and Processes
Once you have launched your real estate investing syndication business and put the right systems and processes in place, you can work part-time from your laptop and Blackberry. Re-inventing himself as a real estate syndicator, with just 10 hours of effort, Robert Beagle closed his first real estate deal and made over $61,000 in profits on a property he had never seen!
As you complete more transactions and learn to master systems and processes you’ll be able to put your business on autopilot and complete even more deals in less time.
Home Based Business Opportunity Anyone?
There are a myriad of reasons to get started right now with a home based business opportunity. One of the chief reasons to start one is for the time freedom that it affords.
Here are some of the main reasons that I like the home based business opportunity.
You’re the boss. For many owners of home-based businesses, just this is reason enough to justify making the move out of the 9-to-5.
You get all the benefits of your hard work. When you make a profit, it’s all yours. No one else is going to try to take it away from you.
You have the flexibility to work when and where you want. Are you a night owl? Perhaps your most productive times don’t coincide with the standard 9-to-5 work schedule that most regular businesses require their employees to adhere to. And you may find that – because interruptions from co-workers are no longer an issue and the days of endless meetings are left far behind – you’re much more productive working in your workshop than in a regular office. With your own home-based business, you’re the one who decides when and where you work.
You get to choose your clients and customers. The customer may always be right, but that doesn’t mean you have to put up with one who mistreats you or gives you more headaches than they’re worth. When you own your own business, you can fire the clients you don’t want to work with. Sounds like fun, doesn’t it?
You can put as much or as little time into your business as you like. Do you want to work for only a few hours a day or week? No problem. ready for a full-time schedule or even more? Great! The more effort you put into your business, the more money you can make. You get to decide how much money you want to make and then you can work the kind of schedule that will help you meet your goal.
The home based business opportunity offers many unique qualities, as mentioned above, that can help you to enjoy working from home.