I was recently reading Think and Grow Rich by Napolean Hill. As I turned page after page I realized how this book is a must-read for all biding entrepreneurs. In this post, I’ll quickly share with you 6 definite and practical steps to achieve your financial goals as a beginner female entrepreneur.
Napolean Hill describes this system as a method by which DESIRE for riches can be transmuted into its financial equivalent.
The process, although simple as it sounds, needs a base of a few core principle values. These are:
- Have a Burning Desire
It’s not everyone’s cup of tea. If you are to stay consistent with online income you need to have a burning desire to make things work for you. You need this desire to fuel your ability to learn new things and integrate them into your strategy to earn online.
- Visualize Your Beliefs (Have Faith)
We still live in times where many feel earning online is only a scam. Well, it ain’t. You can totally do it. Many before you have done it. Many are doing it. Many will do it after you are done reading this post. Visualize yourself in the riches as you embark on this journey of making money online.
- Specialized Knowledge
If you are going to earn online, you need to sell something. It could be a skill, multiple skills, or a product. You can even sell someone else’s products aka affiliate marketing if you have the right marketing skills.
Read more: 20 Small Business Ideas for Creative Fempreneurs 10 Legit Ways to Earn Online10 Skills you can Learn in 6 Months to Make a Living Online
- Organized Planning
Plans seldom work but planning is key in determining your chances of success in business. When you get serious about making money online, start first by creating a strategy that you think will work. Then make amends along the way as you see right. Do have a plan. It’s important.
- Self-Control and Persistence
Self-control for when distractions pound over your face. Persistence for you won’t be seeing your results immediately. It will take time. But efforts put in the right direction will eventually bring you the income you wish to have.
- Channelize Emotions
Don’t let your emotions get in your way. This is especially for you if you feel like your emotions get into your way often. What’s the point of working when you only work if you feel like. Push your limits and go beyond them to achieve your goals.
- Manage the Ghosts of Fear
Fear is a ghost. It will come and it will go. Just don’t let it stay inside you. We all have doubts and fears but like a warrior, you need to look past them. Always look at the brighter side of life. There is one, no matter what people say.
So, what are the 6 definite steps, according to Nepolean Hill, to make your first $1K online?
6 Definite Steps to your First $1K Online
Step #1 A definite amount
You want financial independence. You want financial abundance. A lot of money. We all have that desire. But not many of us give ourselves a definite number.
How much do you want? If you do not have a fixed number in front of you, sit back and decide on a number. How much do you want? For instance, if you are starting off with a service-based business, how much do you want to have by the end of your first year?
How much do you want to have by the end of every month? Get a precise number.
Step #2 What will you give?
Something for nothing? Not gonna happen. If you want $1k from your blog by the end of your 3rd month blogging you need to give something in return? What exactly? You decide that.
But I’m sure you know what you have to give to get that sort of result from your blog. You need a website set up and running, you need content, you need traffic, you need consistent efforts, you need a very defined plan for your blog.
So, take a pen and notebook and write down what you are going to give in return for your monetary reward.
Step #3 The Date
You want that money, great. You know what you are going to give in return. Even better.
Now, it’s time to set some deadlines. Give yourself a date. This is the date by which you want to have that monetary goal achieved.
If you don’t give yourself a date you won’t have any plan in action. If you don’t plan and act on it you will fall down the rabbit hole of procrastination.
Procrastination is a habit and you can use science to make or break habits. More on this in another blog post but for now just take a pen and paper and give yourself a date.
Step #4 A Plan
I hope you weren’t secretly hoping all this would happen without a definite plan. This is the most difficult part of your journey towards monetary success. You need a very organized plan for your goal.
More on planning:
Once you have your plan in hand just start at once. You can not wait for the right time to start working on your plan because you will never have the right time. The right time is as soon as you have a plan in hand.
Don’t fall prey to the shiny product syndrome because there is no perfect plan. Plans are made to change later. You will see how you have to make several amends in your plan as you proceed with it. With time you realize a few more important things need to be accommodated.
Sometimes life comes in between and you have to deal with unavoidable situations. In such circumstances, just amend your plan and start from there.
Don’t expect not to have any hurdles in your way as you proceed. Because if you have any sort of life outside your business things are going to come in your way.
Step #5 Document step 1-4
Create a document with the following things:
- The amount of money you want to acquire
- What you intend to give in return for the money (your efforts)
- The date by when you want to have this sum in your hands
- Your plan to execute to achieve this goal
Step #6 Put the Document somewhere you can look at every day
Put this writeup somewhere where you can see it day and night. This is the first thing you need to see as you wake up and the last thing you see as you doze off at night.
This will help remind you of your goals. It will be a source of bliss if you are working for your goals. It will haunt you if you aren’t. I’ve tried this for myself, it really helps me stay consistent and motivated to work on my business.
The sad reality is many of you will follow these 6 steps only to neglect step number 6 along the way. When you do that you won’t remember to follow the rest. Eventually, you will fall back into the sinkhole of not doing anything for your online business. That’s how most of us plan for failure. We don’t stick to our routines. We don’t fight the demons of fear. Only if we can learn to fight these fears and doubts, we can ace anything in life.