subject: Home Business - Is It Right For You? [print this page] Millions of people dream of starting their own home business. There are books, blogs, articles, and professional services designed specifically to extol the virtues and benefits of working for yourself from a home office. However, not everyone is cut out to work from home, or even work for him or herself. It takes discipline, careful planning, financial shrewdness, and business acumen to launch as successful home based business. It is not something you can simply jump into on a whim and expect to become wealthy and successful overnight. Rather, it takes dedication and hard work, along with sound business abilities and marketing knowhow.
Desire alone is not enough to become successful with a home business. Financial ability alone is not enough. You must have the dedication required to plan your business, set goals, and measure performance in realistic milestones. Dreaming big is wonderful, and to a certain degree, a necessary entrepreneurial mindset. However, the ability to determine specific steps to help you achieve your dreams and a willingness to follow through with those steps is the only way to make your dream a reality. In short, you have to ask yourself, are you a planner, a doer, or a dreamer? A successful home based business operation requires you to be all three.
Ask yourself the following questions and be realistic with your answers. This isn't a test for a grade, nor are your answers today going to be the same as they are tomorrow. However, if you want to have your own home business and achieve financial freedom and stability, these can help you determine if working from home in your own business venture is the right step.
1.Do you have the financial resources to commit to your business dreams? Whether you plan to work part time from home while keeping your day job or jumping in with both feet, you'll need a financial nest egg to get started. Even low-investment home business opportunities will require a financial investment of some degree or other.
2.Do you have the hard skills required to run a business? Business owners, whether home based or brick and mortar, need at least basic skills with bookkeeping, writing a business plan, developing a marketing strategy, and of course, industry-specific knowledge.
3.Are you willing to work 40, 50, or even 60 hours a week? Having your own business takes time. Understand that revenue-generating activities are not the only time-consumers. You will also have to set aside time to market your business, analyze performance, network, and time for strategic planning.
by: Paul Carlotta
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