I don’t understand why there is so many struggles in the making of profit when owning a business. The only thing I can really relate it to is it must be like life lessons. We are on this planet to learn and grow whether it be in life or business.

If we are dishonest in our relationships we pay a price and learn a lesson hopefully. If we are rude or discourteous in life we learn a lesson. If we fail to do what we say we are going to do then we sometimes pay a bigger price in lost trust.

I have spent a king’s ransom on information products including seminars and books especially over the last several years. I use to just buy books because I thought why should I pay $2,000.00 for a weekend seminar that doesn’t have any more information in it than in the books I was reading. Of coarse that was a belief I had and my mindset at the time.

Years ago when I first started in business I use to get frustrated when I let other people know about some of the new ideas that I was interested in. I would be so enthusiastic about a new business concept or idea only to have others tell me why these new ideas wouldn’t work.

To many people like to play it safe which in the long run is probably the most unsafe way to play. You see the longer you resist hearing the new ideas and concepts the bigger the chance you have of missing some of the best opportunities.

There are many people who want to make their living on the internet. It is millions actually and growing each day. It is a great lifestyle with limitless possibilities. The information age and the internet will be an exponentially growing industry for decades to come.

At ‘What You Focus On Grows’ we have taken a very long term approach for how to reach and help the most business owners become Healthy Wealthy and Wise. We know that by giving you the best information that sometimes it might not pay us in the short term but always pays big dividends in the long term.

The Law Of Attraction is a universal law and simply stated it’s definition is this:

‘You attract into your life that which you give attention to’

Just like our website’s name is “What You Focus On Grows’. I could get into all kinds of deeper definitions of this Law and I will in other articles but for now want to keep it simple in how it can help you in your business..

Is it any wonder that 95% of businesses go out of business after 5 years? It isn’t to me because I talk to so many business and they don’t even have a system in place to make sure their customers are repeat customers.

So many businesses run to the next customer like a gold miner blasting for that next vein of gold. Although I agree that every new customer can bring with them exciting new opportunities it could be a fatal mistake. It could be a big mistake because all too many businesses fail to take care of the gold strike they just had.

Of course the keyword in the title is action and I do believe almost any action is better than no action at all because you will always at least be learning something if you’re taking action. Action will be a result of the thoughts you’re thinking. I mean you won’t be thinking about scratching your head and then scratch your stomach.

Thoughts are the seeds to action. If you choose to take a job at a fast food restaurant in all likelihood you will make minimum wage. If you choose to be a doctor you will likely make an above average income. Think of being a truck driver and you will likely make a mediocre living.

Intelligent business owners are in the top 5% of their markets because they think different than the rest of the stupid and broke business owners. Most of the really intelligent business people I know have a different perception when it comes to taxes as well.

In Canada we have a tax called the GST (Goods & Services Tax). It is currently a 6% tax that is paid for most purchases of goods and services. On a $40,000.00 car or $50,000.00 home renovation it can add up to a fair chunk of change.

This is one of the simplest truths and yet almost no one understands or implements this way of doing business. Let me explain.

It was probably over a decade ago now I read a book called The Millionaire Next Door. At the time I just loved that book and in fact I ended up buying many copies and giving it out to a lot of business associates.

The book was a study of who the millionaires were in North America and the lifestyles they led. In was an exhaustive study and I think for most people it was surprise about how millionaires really lived.

There has never been a time in history when it is easier to become a multi millionaire from your own business. Whether it is a carpet cleaning business, a handyman franchise, computer services, plumber, electrician or whatever, if you follow some universal business principles you will get rich. There really is no other outcome.

There are however 5 critical mistakes that businesses make. This is the reason that 95% of all new businesses go out of business within 5 years.