"I hate corporate life and don't like being someone else's employee.
I'm working to make someone else rich, I'm accountable for every hour
of the day to my boss, I hate having to go ask my boss for days off,
vacations, and holidays. I'm basically being treated like I can't run
my own life without my boss's intervention." You hear it all of the
time, people saying they would love to have their own business.
Sound familiar to you? As many people will attest to, starting your own
business, much less a home based business, may not be the answer one is
looking for in their lives. Why do I say this? Survivability of a home
based business or even a new brick and mortar is questionable looking
at the statistics. You all know what they are and they're not too
impressive. You hear everything from one to five years and they're out
of business for whatever reason.
Many people forget the primary basic essence of success in any business
venture is you, the individual making the decisions. One must evaluate
themselves in great detail with serious introspection to determine if
owning any type of business is viable for them. So, how does one go
about this journey of discover? Good question.
Look into the field for which you are most interested and locate
someone who is successful and where you want to be in the future.
Contact them and inquire as to their willingness to spend some time
with you and discuss your plans and dreams. You're looking for their
insight and guidance for your endeavor. Many successful people are
willing to spend time with people serious in their quest and are
willing to share their experiences and offer their advice.
Evaluate your home environment for the viability of having a home based
business. Do you have an area that you can designate totally to where
you will work your business? I'm not really talking about the kitchen
table but, as we all know, many a major corporations and businesses
started at the kitchen table. You want a quiet atmosphere, away from
the interruptions of kids and pets. Have a nice business desk and very
comfortable chair and room for your computer, printer, and some simple
file drawers. All of this is relatively inexpensive.
Know in your heart that you can work from home without the typical
supervision one would receive in an office environment. One must be
able to make phone calls and focus on the tasks at hand without wanting
to get up and vacuum, do the wash, or play with the pets. After all,
this is "your" business and you are totally responsible and accountable
to yourself for your results.
You may be lucky enough to have a mentor in your chosen industry but
they will not be responsible for your success or your failure. That is
a responsibility borne only by you as the business owner. In addition
to a mentor, take advantage of local training through you Small
Business Association and Chamber of Commerce small business trainings.
Membership is nominal and it will get you out of the home to do quality
networking with fellow businessmen.
Do your research into the business you would like to own. You may start
simply with your own product or idea for your home based business. If
you want much of the back office and other business activities done for
you, there are direct sales, franchises, and network marketing
opportunities available. Don't limit yourself in your search.
When should you go full time in your new home based business? A very
perceptible question and a necessary one to fully evaluate the
viability of your business. It is normally recommended that you not go
into full time status with your home based business until you have at
least six months of finances saved for living expenses in the bank. In
addition to that you want to make your current salary for at least
three to six months in a row to insure the continuity is there for the
transition without having to worry about income cycles that go up and
down. Continuity is the key to long term success.
What you need to do before going into a home based business and follow
through, this article is only a thumbnail sketch. As the individual, it
all depends on you. Write down your goals, be specific and detailed,
set time tables to be accountable, and be prepared to focus intently on
your business for a solid six months to a year. To stay on the right
track, constantly re-evaluate your progress. Be flexible as a home
based business is a living entity. Keep an open mind and consistently
work on personal development. Based upon your attitude, mindset, and
actions, you are the business and you are fully responsible for success
or failure.