GET REAL…THE NECESSARY FIRST STEP BEFORE STARTING A HOME BUSINESSWritten by Kirk Bannerman
I have helped a large number of people start up their own home based businesses using Internet. Over time, I have come to recognize two of most important factors for identifying people that should NOT start a home based business. If a prospective entrepreneur says something like…
“I’m broke and need to make some money…fast!”
“I want to start a home business, but I don’t want to spend anything on it until after I start earning some money.”
…it is certain that they have not “gotten real” and should not attempt to start a home business under either of those conditions. I refer to them as “death sentences” for starting a home based business.
Almost equally important is need to have realistic economic expectations when undertaking a home based business. There is no magic here, folks. A home based business provides many rewards such as working in comfort of your own home, avoiding a stressful commute, being your own boss, setting your own hours, no dress code, etc., etc., but anyone that is also expecting “instant riches” is sadly mistaken.
Working At Home...Should It Be A Job Or A Business?Written by Kirk Bannerman
You have decided to work at home (either by choice or necessity) and now you are faced with decision as to whether to pursue a work at home job or to start a home based business. That may sound like a minor distinction, but differences can be significant.
A general psychological characterization of entrepreneurial spirit, says they are typically people who have a high energy level, set long-term goals, feel quite self-confident, and view money and financial security as a measure of accomplishment and piece of mind.
They are further characterized as problem solvers, who take risks, learn from their failures (as well as those of others), accept personal responsibility, seize initiative, and use all available resources to achieve their success.
Entrepreneurs compete with themselves and believe that success or failure lies within their personal control or influence. They do not see setbacks as failures, but rather as learning experiences. Most of all, they exhibit persistence and tenacity, never giving up and never quitting quest for success.
If you fit most of these criteria, you would probably elect to start a home business instead of undertaking a work at home job. However, decision to work at home does not necessarily mean that you want to be owner of a business. You may prefer working at home for an already established company. This is often easier to do than owning a business yourself and you may not want all headaches, responsibilities and obligations that come with owning your own business.