I’ll probably get some flak for even thinking out aloud on this bold subject line (more on that in a while). Maybe some jealous folks out there are secretly wishing ill for me. In fact, a local celebrity blogger came by this blog a couple of months ago and called me a ‘wanna-be’.
But then, I’m not in business to please everyone.
As I am writing this, I am in the middle of registering for a US company and working towards centralizing my affiliate program and network of sites under the AMLOH banner. (FYI AMLOH is the initials for “Aik Mun LOH”, my Chinese name in reverse)
I need to get a fax machine too, on top of several other requirements to prepare myself for the next phase of expansion in business. Trying to grow my business on a local sole proprietorship is like trying to grow a tree in a small tupperware. I am going to maintain the Work from Home order and lifestyle in spite of peer pressure (which I’ll talk about that some other time).
So building a $10 Million Business From Home… Is It Even Remotely Possible? That’s about RM36.2 Million to Malaysians.
I want to find out and I’m making a run for it. 🙂
I’ve heard of 3 such people so far earning an 8 figure annual income working from their home office. 2 of them being Internet Entrepreneurs, and the other one a multi-talented entrepreneur.
I also realize that my vision paper that I’ve stuck to my wall needs a minor change – I should be adding another zero there, really.
Wait… let me add it now.
Okay, I’m done. 🙂
A former mentor of mine once told me that if I wanted to dream BIG, it must not be only something I really want, it must also be a little bit intimidating. When I was 16, the idea of making a million Ringgit took a long stretch of imagination. A couple of months ago, I wanted to take the stake to a million in US Dollars. But to be honest, I don’t feel the intimidation. With some hard work and a clever strategy, I know I would get there. And maybe because of the weakening Dollar, the goal seemed too achievable all of a sudden.
So I re-issued myself a more daring, more challenging, more intimidating goal….
Now on another level of brutal honesty (besides feeling very intimidated right now), I haven’t planned out my strategies to achieve this goal yet.
I know a few things for sure:
– Being a ‘PLR Extraordinaire’ isn’t going to be enough, NOT AT ALL.
– Making $10 Million needs a totally different strategy from one on making a $1 Million.
– I need to be a better business person.
– I need a new and more expanded network of business people.
– I need to explore other avenues of business besides Internet Marketing alone.
And I will find out:
– If I will ever make it…?
– If yes, how long will it take? 5 years? 10? 15? 20? … Or forever?
Whether I would give up my Work from Home lifestyle in this pursuit would be worthy of even my own speculation. I could see the need for engaging full-time staff, nonetheless. Many believe that it’s not possible to grow a $10 Million Dollar Business from home, though I’ve already seen at least 3 people proved otherwise.
I’d really like to see if I can be the 4th person in my own books or not. Or is working from home to build a $10 Million Dollar business like growing a tree on a tupperware too?
What do you think?