Stuff To Think About Before You Begin Your Home Business

By: markovsky1
To become a successful work-at-home entrepreneur, you must possess more than a desire to work from your own home. The most successful entrepreneurs have the following qualities:
* A high level of self-motivation and personal drive and a commitment to work long hours each day as you grow your business.
* The ability to establish a plan with solid goals and work
hard to reach them.
* A willingness to take risks.
* Specific expertise, knowledge, and talent in your field of interest.
* Ability to identify your market and reach them.
* In addition, you must realize that you could work for months before actually generating a profit.

If you possess the majority of these characteristics, then you have a shot at making it on your own. Determining what business is right for you will require a short self-assessment.

So, do you have what it takes to WFH (Work-From-Home)?

What types of skills and experience do you have that could be brought into your business?

For example:
* If you are interested in starting a bookkeeping service, do you possess good skills in math, working with calculators, computer spreadsheets and knowledge of how a bookkeeping system works?
* What do you enjoy doing with your time? Are you a person who starts things or one who seems to put things off? Are you a "busy" natured person or do you get pleasure out of sitting down with a good book or watching television?
* Can you turn your hobbies and interests into cash? For instance, could you easily market your woodcraft hobby and meet the demand it might create?
* Will your family, especially your spouse, support you in your business? It is extremely important that your family supports your decision to start your own business. You will depend on their strength, support, and encouragement each step of the way.
* How much of your time will have to be put into operating a business? Expect to spend many hours each day managing and growing your business, especially during those important start-up months.
* What products and/or services can you offer? Make a list of what you will sell, whether it is actual products or services.
* Who are your competitors and what advantages will you have over them? Do some research and discover who else in your locality is offering the same products and services? What can you do to give you an edge over them?
* Is your idea practical and will it fill a need? Will there be a demand for what you have to offer? Is it something that will meet the needs of your target customers?
* How much money do you need to get started and are you aware of any resources to fund your business? Do cost estimates on everything you will need. Total up all costs that come to mind to figure the amount of money you will need to get the business up and running. Where will you get the money?
* What equipment and supplies will you have to purchase to get started and meet your future needs?

Make a list of everything you must have to get started now plus what you might need to grow your business further.

You now should have a good idea if working-from-your-home is right for you and if you have what it takes to make it work.


If you have what it takes...go for it!
Home Businesses
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 

» More on Home Businesses
 



Share this article :
Click to see more related articles