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Your time will be consumed in non-lead generation activities.
You will severely consume your free time - hang on, aren't you looking for a home based business so you can spend more time with your family?
You will spend money AFTER you have made sale!
You need to tie up family resources such as a vehicle. The best solution is to find a business where products/services can be delivered electronically over Internet via automation, or are delivered directly to consumers by parent company - without you having to be involved, other than placing order. A business with a combination of these would also work well. Success Factor 5 - Is there a successful business system you can plug into to leverage your time? Let's face it, you want to get up and running and be making money as soon as possible. A business with a higher potential of success is going to be one that allows you to maximize your personal effort. This means there must be well designed and integrated marketing tools, and efficient automated processes that don't require a financial degree to understand. In order to get operational you don't want to have to spend your precious time figuring out how to do business. You need to find something that provides you with a clear business plan and an automated business process for you to follow. Can program enable people with different levels of education and experience to achieve similar results? This is an important question because when you find such a system, you can then spend majority of your time working on your lead generation activities. This will allow you to maximize efficiency of amount of valuable limited time you can commit to your business. Success Factor 6 - Is there a support structure you can plug into while you learn your business? What is support structure? Are there people to help you? What sort of training is provided? Is it on-line, offline or a mixture? Is there an opportunity to network/dialogue with other like-minded people to exchange ideas and to learn from their experiences? Is there any prior knowledge you require to get started? Are there tools available for you to initiate self-paced learning to fit in around your existing schedule?
Once you get started, are you going to be left alone or will there be someone there to guide you? Some home based businesses are marketed in such a way as to have people think that anyone can do it. The truth is that every activity requires a specific set of competencies, which will have to be applied over time and with timely feedback so you can develop proficiency quickly in your business activities. This demands a mentor. A mentor is someone to guide you through supportive training tools. This will enable you to develop skills required to run your business more quickly than if you were left on your own. A mentor will also provide a point of contact for quick problem resolution, thereby potentially avoiding you many frustrating hours.
Success Factor 7 - Is organization credible, stable and have a track record of delivering on their promises?
There is an old saying - "a fish rots from head". Meaning that if you want to assess quality of an organization, a good place to start is with those who are running organization. Have a good look at people who are in charge and ask yourself following questions. How long has this organization been in business? Who is at helm? Does this individual have a good business record? Are they well respected in their industry? Is company well respected? Does company make unsubstantiated claims? Have they been able to establish a loyal customer base so far? Do they meet all government standards and qualifications in countries they operate? Is there a refund policy? Can they deliver on their remuneration promises? You should take time to get to know company behind product and service you will be relying on to make your decisions about your business. Especially if that company has been operating a short time.
You will be relying upon people to deliver on promises made to you through their advertising, which first attracted you, or subsequent representations, which may have convinced you to get started. Find out before you get started if they are worthy of your trust. Don't find out hard way...your time is too precious!
Conclusion There are a number of home business opportunities out there all vying for your attention. Remember, home based business industry is one of emerging mega trends, so range available is going to be expanding. Armed with these seven success factors you are well equipped to sort out those business opportunities that have a greater potential of providing you with financial freedom. The chance of a lifetime comes by about once a week! We're not suggesting you procrastinate or do so much analysis that you paralyze yourself into not acting. We are suggesting that first home based business opportunity you find, may not be opportunity you are looking for - unless it lines up with these success factors.
Kim Beardsmore is a Human Resource Management Consultant who works with Fortune 500 companies. She has a BSc and MBus (HRM). She is also a successful home based business operator. For further information about Kim's home based business visit: www.free2liv.com/?refid=goseven