Saturday, July 12, 2014

Discipline a Key Factor in Financial Freedom when Working by Oneself


When working by oneself – maybe an entrepreneurial venture that you are pursuing, it is of utmost important that you remain focused and disciplined.

I stress on this aspect a lot because unlike in a job where there are many deterrents to slacking – such as a strict boss, when you are work on your own, you are effectively your own boss and not anyone else. So if you do not remain disciplined, there is a good chance that you will never achieve the goals that you set out for yourself.

Take a simple instance where you are indulging in freelance writing for diverse online and offline clients, one of the many quick cash ideas that I have shared. Now, with no one behind your back, there is a good chance that you will end up spending your time online but not really “working”, instead indulging in pastimes such as looking up news sites, checking your Facebook or Twitter account, and so on.

You must understand that doing so will hurt no one else but you yourself; the same time you could use in “working” in the truest sense, you are simply frittering away!! Avoid doing that under all circumstances.

Tips to Avoid Slacking

In order to avoid slacking as I have described above, a great way that I have observed and eventually followed religiously is to cut off all possible distractions. I setup predefined time lines where “work” is the only agenda, with NOTHING else coming in between – no personal phone calls, no personal emails, no opening up sites other than work related, and so on.

Ultimately, I have found that such an approach really pays off very well.

Further, I have also setup my boundaries within the home office environment where during certain predestined time periods I am simply NOT available to anyone else in the household for any personal purpose, unless it is an absolute emergency. I mention this point because a lot of the personal entrepreneurial pursuits take place in a home environment, particularly at the outset, as you maybe building your business plan, researching all the finance options at your disposal, and so on. Under such circumstances, household distractions will only end up proving to be a major deterrent.

Keeping these points in mind, I wish you success in your pursuit for financial freedom; just remember that you will only be able to achieve it if you remain self-disciplined.

No comments: