Check your Personal Foundation. Make sure you are ready mentally, emotionally and financially to begin your new venture. -- Make time. -- Budget your income. -- Create balance in your life. -- Know your strengths, weaknesses, top 5 values and needs. -- Order a copy of your credit report. -- Choose your ideal business.

Get organized. Any new business venture will go more smoothly if you know right from start what you have to offer, who you want to offer it to, and how you want your business to be organized. -- Read a few books on business start-ups and marketing http://www.coachmaria.com/businessbooks.html. -- Check need for your services. -- Prepare a business plan and ideal client profile. -- Price your service or product. -- Develop a customer service policy. -- Create an Operations Manual. -- Plan for your office - location, supplies, utilities, and set-up fees.

Don't worry, it ain't gonna hurt you until you really understand what you should be? Type X, or Type Y!

In today's hyper-competitive world, there's no better way to live your dreams than to have your own online business burnt into your prospect's mind.

In September 2000, when I decided to launch http://www.NicheChallenge.com website early next year i.e, February 2001, I had couple of other different projects to do as well.

I knew if I get myself engaged in getting into those projects with this one, I might not concentrate on this site.

And I was right. My four years online experience have shown that concentrating on a SINGLE business platform is key to success.

No jokes. There are basically two school of thoughts that govern success on Net. One is short term, other is long term. It's upto you which school of thought fits you most.

The first school of thought (Type X) calls for having number of online businesses in a portfolio. The idea is to have cyber-income from any, or all of these businesses in a portfolio.

If one business fails, second one is in-line. If second fails, third is there to save you from dooms day. And on.. and on.. and on. Nevertheless, this approach is rather short term, and rarely result in a continuous stream of online profits. There are reasons for this as we shall explore more in a moment.

As with web, it seems quite reasonable and profitable to have multiple cash generating businesses working 24x7 on autopilot producing unlimited income.

This sort of business idea creates a beautiful castle in wanna-be entrepreneur's mind which he/she carries there until it gets vandalized.

However, that's not way it goes... there's another way of doing business, and a real good one which is a sure-fire way to make things BIG... really BIG on Net.

The second school of thought (Type Y) is WAY that helped people make online fortunes. This approach runs on a long term basis, and build a strong and powerful web presence for you which never fails. Doubts? Read on...