Is
Working from Home Your Best Choice?
You have to have a very clear idea of why you
want to work from home or start your own business.
Make a list of your reasons, wants and
whys. Make a list
of your skills and what you can bring to the table. Make a list of
the people who will support you in your business ventures. The answers to these
questions are essential to
your success. Without
crystal clear reasons you
won’t be able to develop a plan or follow through. The home is an excellent
place to start a
business, but the failure rates are high.
You need to be motivated to succeed.
.
Wants
and whys:
Be your
own boss
Make
money
Save
money on commuting costs
Spend
more time with your family
Develop
a new product or business idea
Expand your existing interests or hobbies
Assets:
Specialized
knowledge
Skills
Hobbies
Finances
Business
experience
Plain
old guts to do what it takes
Self
esteem
– lack of self esteem will affect your
motivation
Self
confidence -
You’ll need that to persevere during
the start up business phases. For
many
home entrepreneurs who have limited
operating capital, much
effort is required
(sweat equity).
Family
support -
It’s nearly impossible to start a business in
your home without your family’s support.
Don’t
be discouraged if you don’t have all the
qualities, no one can agree on a profile needed
for success. The entrepreneurial
spirit lives in a variety of different people. Individuals share some
personality
traits but not others. Strength in one area can make up for
weaknesses in
another. Also, the very traits that make some business people
successful
such
as determination and willingness to work long hours can also
turn into traps.
There are extremes for each trait. Having too much of a particular
trait can cause as much trouble in a home-based business as not
having enough.
The new
economy favors a business style
that's well-suited to home business. Tech advancements and
global markets
have opened up the world of business giving direct access to
customers and suppliers. Customer loyalty no longer exists,
order processing must be quick, and
reputations are much easier
to lose. In this brave new world, home-based entrepreneurs need to be
nimble
and innovative. Lacking huge inventory or bureaucracy, they can fill
market
niches quickly and profitably. Small has become beautiful and style is
giving
way to substance. The key is getting to know what kind of business will
suit
your interests and abilities.. You need to understand your skills and
abilities in order to pursue a home business.
Now that you
have a list of all your wants,
whys and resources you can begin.
Now
you know what knowledge you’ll need to reach your goals. What you need to consider
are the things you
need to learn, the things you are determined to learn and how you can
apply
them in a new situation. Believe
it or
not, you can learn almost anything.
You
can even train yourself to be creative.
:
Now, let go of all the hype and glamour of home
business promises to make you wealthy overnight.
None of that happens quickly and in
fact,
usually people work on the internet for three to five years before
earning even
a full time wage. There
are some heavy
hitters in internet marketing who develop, then market new products and
reap
huge financial rewards, but they have been in business for years.
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