Gaining Financial Independence in Your Own Business

Written By | Financial Success | March 20th, 2014 | 3 Comments »

financial independence fear of failure goal orientedIf you are really serious about becoming wealthy, the number one road to riches, at the head of the list and on the top of the hit parade throughout the history of America, is entrepreneurship, starting and building a successful business. Entrepreneurship includes every kind of business, from farming and trucking to real estate and computers.

The path to financial independence in business starts with being goal oriented and overcoming your fear of failure. If it is your dream to start your own business and become independently wealthy do not let fears of failure, ignorance, or money hold you back.

3 Obstacles to Financial Independence

Seventy-four percent of self-made millionaires in America, going back 200 years, come from self-owned businesses. A goal oriented individual started with an idea for a product or service, turned it into a business, built it up from the ground floor, and as a result, they achieved financial independence and success. There are probably three reasons why people never follow their dreams to start their own businesses and achieve the financial independence they desire.

1. Fear of Failure. The first reason is of course, fear of failure, the single biggest reason for failure in adult life. Fear of failure settles in your solar plexus and paralyzes you, stopping you from even taking the first step. In order to be all you can be, including becoming a millionaire, the first thing you have to learn to do is to confront your fears. You must learn to control your fears, to master your fears, act in spite of your fears, and be goal oriented in order to gain financial independence.

2. Ignorance. The second major reason for financial underachievement and failure is just plain ignorance. Most people do not know how to start and build a business, or how to invest in stocks, bonds, real estate or other financial vehicles, and for some reason, they never bother to learn. They live lives of quiet desperation, in fear of failure, admiring others who strike out on their own. They go to their graves with their music still in them. If it is your dream to start your own business, become goal oriented and set out to learn all you can.

3. They Don’t Have Enough Money. The third reason why people don’t start and succeed in their own businesses is because they think that they don’t have enough money, and they feel that they cannot get the money they need from other sources. Most aspiring, would-be entrepreneurs go to their local banks to borrow money to fund their entrepreneurial ideas. When they are repeatedly turned down by the banks, they conclude that there is no money available for them. Having come to this conclusion they just give up and go back to working for wages.

Your Most Valuable Assets

As it happens, the most valuable assets you have are ambition, energy, imagination and a burning desire for success. If you have these qualities, are goal oriented, have a willingness to work and sacrifice, you will eventually earn, attract or acquire all the money you need. You will overcome your fear of failure. You will succeed and achieve financial independence. You can learn more about having a successful business and achieving financial success by downloading my FREE report “The Way to Wealth” HERE.

Thank you for reading my blog. If you enjoyed this article, please share with friends and comment.

Topics included in this article include:

Financial Independence

Goal Oriented

Fear of Failure

 

About Brian Tracy – Brian Tracy is recognized as the top sales training and personal success authority in the world today. He has authored more than 60 books and has produced more than 500 audio and video learning programs on sales, management, business success and personal development, including worldwide bestseller The Psychology of Achievement. Brian’s goal is to help you achieve your personal and business goals faster and easier than you ever imagined. You can follow him on google+, facebook, and twitter.

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3 Comments

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  1. ILEMUT VINCENT says on May 25, 2014 at 2:49 am:

    ONE THING UNDERATED IS THE INFLUENCE OF TIME.AN IDEA CAN ONLY PROVE A SUCCESS IF GIVEN TIME ENOUGH FOR CHECKS AND BALANCES TO SHAPE IT UP.
    THANKS BT.

  2. Peter Daniels says on March 27, 2014 at 2:44 am:

    Well researched. I got into investing into small cap stocks myself an find it a great way to build assets. I did have some help though from an expert in the field who has been doing this for a long time.

  3. apon kawagay says on March 21, 2014 at 10:11 pm:

    by all your words your blogs ,advices I was now awake educating myself in every area in opportunity and time I have…..I made u as my mentor may u live long to reach more people .Thank you for this blog help me to keep moving everyday.

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