How to Start a Business of Residual Income Part 2 of 7

www.StartmySideBiz.com If you just watched the first part in this series, I welcome you to part two in a series of seven on how to build a business of residual income. It is my passion to help other people find freedom creating this anomaly called residual income. If it sounds too good to be true just think about it like this, actors get paid when their movies continue to live on, right? They do all this work to develop this movie and they continue to get paid after their work is done, their movies live on. That’s kind of what residual income business, or passive income is, you do a lot of work up front, in the beginning, and the work that you’ve done continues to pay off over time. So, you can take vacations, you can take breaks, you don’t always have to trade a specific amount of time for a specific dollar amount.

Today we’re talking about the second thing you need to do in order to create a residual business that is strong. To develop residual income you must have a very strong “why” and by this I mean a strong reason or reasons why you want/need to do this business. You need to figure out why are you doing this, what do you want to get out of it. If you were to look at the big picture of what your life looks like working part time hours while making a full time income, what would that life look like. Perhaps you want to get out of debt, this would be your reason why.

Now I would like to let you in on why so many people fail, they don’t take the time to clearly define their reason why. If you were to just say this is something you want to do and not follow through with what you need to do to get there, it would fail.

Here’s the cool thing about the human brain, the human brain will subconsciously lead you in the direction that you tell it to go. It will lead you toward the things that you want, if you’ve ever heard of the movie or the book The Secret, it is putting out what you want into the universe and letting your subconscious mind lead you to your goals.

Usually, it takes three weeks to develop a habit if you do something diligently for 21 days in a row. This is kind of what starts the process of creating the undertone, that underlying current, of drawing you to those things. Once we’ve set our sights on something, all of a sudden it comes to the forefront of our mind and it’s become part of our conscious thinking. For instance, when you are looking at buying a new car and you’ve set your sights on a certain model, you tend to see that type of car everywhere around you. You hadn’t noticed them before because it wasn’t at the forefront of your mind, but then all of a sudden your brain has put them all around.

When it comes to developing residual income, it all circles around how clear are you going to make that goal, how clear can you define that thing that you’re going after. For instance when I started my online business from home, I knew that I had a couple hundred thousand dollars of debt and over fifty thousand dollars of that was in credit cards alone. So, I truly set my sights on paying off at least the credit card debt which was fifty thousand dollars within two years time.

I knew how many hours I could possibly pull out of my schedule without going crazy, which was at that time about ten hours a week. By the way, I still work about 10 hours a week at this awesome business. It wasn’t just about what I wanted it, I made sure I had a specific dollar amount to pay off in a specific amount of time to aim for. I did this so my brain had something to focus on, I would put up little reminders, little triggers all around me so when I got out of bed every single morning I looked exactly at what I was aiming for, the business that I was trying to build.

This is where you develop your why power, willpower will fail you at times, but your why power is what is gonna take you to the next level. What do I mean by why power? Your why power is layer upon layer upon layer upon layer of WHY you are doing something. My reasons for why I was starting my own business were: I wanted to get out of the debt and my why was I wanted to eliminate stress. By eliminating the stress of creditors calling and working three jobs I would eventually sleep better and eventually I would be able to look to the future for other things I wanted to do. These of course were getting married, buying a home, and starting a family to name just a few.

People say that money can’t buy happiness and while this is true it does give you options, it does give you freedom. So, if you can find a way where you enjoy what you’re doing and you’re helping other people feel good about what they’re doing, you are creating a better life for you and so many others.

How to Start a Business of Residual Income Part 1 of 7

I am so excited to talk to you today about building a business that can create residual income for you. Let’s just say that I’ve kind of been born into the small business mindset, both my parents were entrepreneurs, they owned businesses my entire life growing up, from real estate to delivery companies.  At a very young age I started with Chalene Johnson’s former company Powder-Blue Productions, where we went from a small business to a multi-million dollar company that eventually sold to Beachbody, the company I am a rep for now.

Oftentimes, small business owners are of the mindset that you have to hustle and do everything yourself. With that, your business basically owns you, luckily we live in a time where that is no longer the case. Online is the future and one of the awesome benefits of living in these digital times is we have the opportunity to earn an online income.  I’m talking about residual income today, but a lot of these tips relate to brick-and-mortar businesses as well. What I like to do now is share the message that this is not special for me, literally anybody can do it. My husband and I work on our business part-time, approximately ten to fifteen hours a week, so that we can be full-time parents. Within nine years time we were able to pay off a couple hundred thousand dollars of debt, able to buy a house, able to put in a pool for cash.

Here’s part one of a series of seven on how to create residual income so that your business doesn’t own you. Residual income means you can turn off the lights, you can shut down, you can go on vacation, you can do all those things and you continue to get a check. Residual income works like this, you work your tail off in the beginning and you might not see a whole lot of payout right from the start, but then it gets legs and it starts to grow. It starts to build and you continue to receive income for the work you put into it at the beginning.  My goal is to teach my team, the people that come into my business, how to create a residual income, a business that will work even if they are not working.

Number one tip if you’re in a multi-level marketing or network marketing business, which by the way, there’s no stigma attached to that anymore, is to realize it’s a marathon, not a sprint. It’s a marathon, so you’re not going to start a business, sign on the dotted line, become a distributor for XYZ company and then the next day become a member of the million dollar club. It took me four years to get into the million dollar club and five years to get in the multi-million dollar club and that’s strictly because I was consistent. When I started my business I already knew that this had to be something that I could do while I was driving, in the time before I went to work or when I got home. I had to make the most of the free time I had or on my lunch break, so I kept in mind… okay if I carve out ten hours per week then I can make this work and that’s what I did and that’s still what I do, I still work ten hours a week at this business. There are of course costs associated with starting a business, the forty dollars it cost me to start my business would have been wasted if I didn’t put in the time to get it going. Along with your initial investment, you should invest in personal development along with business development.  You’re going to want to grow yourself as a person and at the same time get a phenomenal education on how to better yourself and grow your business.

The second expectation you need to set is for yourself. What do you want for yourself? You need to be thinking long term and what you want for yourself in the future.  Who do you need to become in order to be an awesome business owner that can earn a residual income? Think about what you have on your plate right, of those things what could you potentially give up or cut back on for now, not necessarily forever, to move yourself to the next level?  When I started this business I had to eliminate anything that didn’t also bring in a paycheck. I didn’t eliminate my most precious and valuable relationships and to be quite honest with you when I told other people what I was doing lots of people didn’t understand like why I didn’t want to go out drinking in the middle of day on a Saturday because I was working my business. I was working on things right so there’s there’s lots of different expectations but the number one that you need to set for yourself is that it’s not gonna be overnight. It’s not gonna be a quick fix, you need to know that this is a long-term game. You must also know that not everybody’s gonna jump onboard with you. This is another huge mistake that people in home-based businesses make, is that they they think that they’re just gonna talk to the nearest and dearest to them and then like the first couple people say no and they freak out and they drop it and don’t continue. To be honest, my goals, my dreams, who I want to be and the life that I want is bigger than hearing the word no, even from some of my closest family members and friends. You need to remember it’s okay because this isn’t something that’s for everybody.

The third expectation that you need to set or help to set is the expectation for others.  You have to prepare people for what you are doing, when I started this business one of the best things I did was to tell my then boyfriend, now my husband, that I want to be out of debt in two years. At that time it was an immense amount, it was at least fifty thousand dollars in credit cards and a couple hundred thousand in vehicles and houses.

At the time I was already working full time, so I needed to work my online business before and after my job, plus on the weekends. I painted a picture of what our lives would look like after I paid off the debt I had accumulated. It would have been completely unfair if I just started working this business without what I letting him in on what my end goal was. One of the smartest things  I decided to do was tell him you don’t have to work the business with me but please just be on my team and understand when I’m working the business I may not be available to do other things at that time. I just kind of laid it out there and I told my friends that I’m building this business so if I seem unavailable it’s because I have this vision of my future and you know what the people who matter are still around and in my life.

I will say that not everybody will understand and that’s okay, not everybody’s gonna understand. If they don’t understand that you need to take a step back in order to make your life better, then it might be the right time to take a step back from them.

When I started this business I wanted to get out of debt,  then I continued to do it because I wanted to live this amazing life of complete freedom, where I could work whenever I wanted to and now it’s morphed into teaching other people how to do that. and so that’s what I’m doing now. Those are my tips for you today, it is all about setting expectations; expectations of the business, expectations for yourself, expectations for others and that I believe is the first step in creating a very strong foundation to creating a business that has residual income.  Stay tuned for part two.

How to Overcome Fear of Failure In Business

When it comes to facing your fears, we are really faced with the “why” behind the fear.

For instance, we have fear because we are afraid we are going to experience three main types of pain: Loss Pain, Process Pain or Outcome Pain.

Loss pain is basically the fear that we are going to lose something in the process.

Process pain relates to the hardship you’ll endure going after a goal. For example, you know something will be a challenge and you aren’t looking forward to it, so that turns into fear.

Outcome pain is extremely common: it’s the fear that you’ll not get the desired outcome and therefore, don’t even begin.

We have all experienced these fears in our lives and I think it’s important to identify those fears so that we can over come our fear as well.

Hopefully this video will give you some insight into why we have fear and how to overcome the fears as well.

How to Lose Baby Weight

Losing weight can be a struggle for any woman. It can be particularly hard to lose weight when you’re a new mom. As a new mom you might experience things like low energy, no time, no patience, a lack of resources, as well as feelings of the baby blues, so to speak. New moms have a hard time losing weight because of a multitude of reasons.

I want to give you hope. I lost 45 lbs after having my first son and I’m about to go for it one more time. After having my second baby, I have 30 lbs to lose. I have a bullet-proof method of getting and keeping the weight off to get back to my pre-baby body.

Here are the four simple and easy to follow; methods I implemented to lose 45 lbs of baby weight:

1) Simple, easy to follow meal plan
2) Quick, workouts that can be done in 20-30 min per day
3) Daily meal replacement shake for accelerated weight loss
4) Online bootcamps for accountability

I’m excited to lose the baby weight this time because I know what to do. This is a proven method to losing weight and maintaining weight loss. Having a baby can be stressful and hard,  but it doesn’t mean that you can’t look and feel amazing about yourself. You don’t need a lot of time to get back to your before baby body. You can look and feel confident. For more information go to www.SlimDownWithHolly.com

Shortcut to Reaching Your Goals

The topic of goal setting and achievement has been on my mind for quite some time and today I want to share with you a goal setting tip and the skills to achieve your goals. If I just had a jump start, or if I just knew the steps to follow to reach my goal, I would be well on my way. Are you the type of person that wants a shortcut or something to jump start you in the right direction of that goal? Do you just need to know the steps and then you will be on your way to setting and reaching your goals? If this sounds like you, this is going to be a powerful message on how to achieve your goals.

When we were young, we had so many big dreams of what we were going to do, what we were going to be. We believed we could do anything! We didn’t let “reality” set in and skew that. I want to encourage you to start dreaming big again. At a pretty young age, I felt like this was stolen from me, and I feel like there are so many of us that feel the same way. I want you to set your goals, reach your goals and have those feelings of success and achievement.

Look around at what is going on around us, in our own lives along with the heavy burdens of what is going on in the world. Right now I am rereading the book The Compound Effect and also going through an online academy called High Performance Academy with Brendon Burchard and in both I am reminded of just how important your self talk is. How you talk to yourself, your mindset, is going to be the differentiating factor as to whether you reach your goals or not. I want to give you the steps to achieve your goals and some goal setting tips.

As many of you know I am a health and fitness coach, but that is just a small part of who I am and what I do. By nature, I am a person who wants to encourage people and I love helping people start and build businesses. There is one thing that changed my life, my business, my fitness, and my relationships and this is not new information, we all know this to be true, it is how we talk to ourselves, what goes on inside our brains, is what holds a lot of us back from achieving the life we want. I had all these people and circumstances, that I thought were holding me back, they were the reasons that I wasn’t able to move forward. What you are allowing yourself to think to yourself on a daily basis will be what pushes you towards your goal or it will push you farther away from it. If in your mind you think to yourself that you are fat, or that you could never get that business off the ground. Or if I was younger, or if I had a better wardrobe, then maybe I would feel more confident and put myself out there.

Pay attention to how you are talking to yourself and your self talk. God does not make junk. Naturally, things are going to happen, but you have control over how you are going to deal with it. You have the control, the final say, on whether you will accept the thought, meditate on it, or completely ignore it. Start meditating on the correct self talk and it will become easier to do over time. Write down your hesitations, or what may block you from getting what you want. Now, cross each one off and write the opposite. How to achieve your goals will start with you changing your mindset and what you allow in your mind to start with. Think of what you can do to change the things that wouldn’t serve you well. You will become your self fulfilling prophecy.

Tune out the negativity, this goes for negativity in the world around us as well. You choose what you allow to come into your brain and for me sometimes it means not watching the news which is filled with negativity much of the time. The subconscious mind takes commands very well and will move in the direction of what you are telling it. Become aware of what you are allowing into your brain and protect your mindset. How to achieve goals in life starts with your mindset. Success and achievement won’t just come to you without you first having the right mindset.

That’s the SECRET!! It is what you are thinking, and what you are filling your brain with, that will be the differentiating factor as to your ability to reach your goal.

Stop Struggling to Lose Weight

Are you tired of the struggling to lose weight? You may have received invitations in the past to join one of my online health and fitness boot camps. I don’t do these very often, they’re pretty few and far between, maybe once a quarter. I’m excited because I’m launching another weight-loss group starting soon.

There is an investment, the investment is in YOU! If you need help losing weight, I promise to deliver! I promise to give you a complimentary weight loss meal prep plan that uses the principles of the 21 Day Fix, one of Beachbody’s most popular programs . Along with accountability and motivation, you will get weight loss tips to help you achieve the results you want.

There is a financial investment, but the cool thing is you are getting the best meal replacement weight loss shake on the market, so your investment is going directly into your body. You’ve probably heard me rave about Shakeology before, which if you are already on Shakeology then your admittance to this group is completely free. If you’ve been waiting or wanting to try Shakeology, maybe you’re feeling like you just keep hitting a wall or not seeing the results you want with regards to your weight loss, then now is the time to get the extra motivation you need to stop the weight loss struggle.

Shakeology is going to reduce your cravings, it’s not magic, what it is is a meal replacement drink full of supplements, or superfoods, that deliver the best nutrition to your body. Your initial cost is only four dollars per day. I know it is crazy! Your investment of four dollars a day gets you the best meal replacement shake on the market that goes straight into your body. Can you even remember the last time you got a meal, a super healthy meal, that helps you lose weight and completely fuels your body with energy for four bucks? Can you imagine buying a healthy meal for only four dollars at the grocery store? We can’t even go through a drive-through and get something for that price, let alone a weight loss supplement packed with vitamins.

Make the commitment to yourself to stop struggling to lose weight. If this is something that you’re ready to do I need you to click the link and I look forward to working with you on your weight loss journey.  Have a wonderful day! Holly 🙂

https://fitfinances.lpages.co/21-day-slim-down

 

Self Care Time Saving Tips for Busy Moms

Today I want to share with you some time saving tips I use to make sure I take care of myself without neglecting my kids.  I am a busy mom of a 3 year old and a 1 year old and as much as I love being a mom… let’s get real for a minute they can be a handful.

 

I don’t like to spend too much time on myself, including my workouts. All this without taking too much time away from my family. My top three tips for making sure you get your workouts in, feel good about yourself, without taking too much time away from your family are listed below.

Tip #1– Wash your hair every 2-3 days. I use dry shampoo on the days that I don’t wash my hair and I do my hair in cute styles, such as braids and cute up-dos. When I used to color my hair a lot, hairstylists would tell me that it really wasn’t good to wash your hair everyday.

Tip #2– Save time with your makeup. I sweat like crazy, especially when I am teaching fitness classes, but I have three products that work well for me and they last a long time. I wash my entire face and go heavy with makeup on the first day and then will wash my face, while avoiding my eye area.  This leaves my eye makeup good for another day at least.  There is ten minutes saved each day by not applying eye makeup.

Tip #3– Dealing with your workouts and what to do if you have little ones at home. If you are fortunate enough to belong to a health club that offers a kids club, then put the kids in there and get at least a 30 minute workout in while the kids are in the kids club.  If this is not an option for you, I would suggest a stroller walk with the kids, I often take my kids with me in the double stroller.

Figure out how you can save time and not feel frumpy at the same time. I do like to get up and get dressed, I know I feel better if I am wearing a dress, even though I am a stay at home mom. For me, it makes me feel better about myself. Make sure you don’t give up on yourself! Make sure you take time for yourself even if it means you are taking your kids with you to make time for you. Try to exercise at least 10-20 minutes at least five days a week.

Don’t give up on yourself just because you are a busy mom, use these time saving tips to look and feel good about yourself.