Once you've decided to start a business, whether it's online or traditional. You need to know "why".Since being your own boss will take extra grit and determination to keep it going, especiall when
going gets tough. Cause guess what, it will!
Some possible reasons "why":
*Be your own boss *Financial independence *Work your own hours *Get out of your current 9-5 job *Spend more time with family and friends *Make new friends in distant places
You'll have to decide for yourself. But you need to know "why", before you start your own business.
Period.
So let's look at some of
pro's and con's of a home business online vs a traditional brick and mortar business.
First and foremost is
overhead. Or what it costs to get started. Let's compare
two. Other than a computer and an Internet connection(which most people have anyway), you can essentially get started in your home business online for nothing, zilch, zip, nada.
Now take a traditional business. You're gonna need a store front or office space. Which means you're gonna have to pay to lease, or buy, a building. Plus you have to have supplies, office equipment, and inventory. Then of course you'll have to pay for services, such as:electricity, water, wastewater, trash pickup, insurance...
...and you're gonna need a computer with Internet connection.
Wait, don't we have one of those at home? Yea.
But you need another one, for your brick and mortar business. One with some extra software for inventory control and such.
Whew.
We're talking many many thousands of dollars, simply to get started.
No biggie.
You find a banker that will set you up with a small business loan. Cause you just don't trust this "Internet thingie". Thus you go and start your own "good ole" traditional business.
That's great! Entreprenuership is what America is founded on.
So you get everything up and running, fling open your doors...
and wait.
Next challenge.
Nobody knows you're open for business. You're gonna have to advertise.
So you see this billboard down
street. And you figure you ought to put up an ad, telling all about your new business. Great plan! You check into how much it costs. And it's upwards to $10,000, per month!
Whew. That sure is a lot of money. Especially for a business just starting out. But that's what you gotta do. You gotta get
word out about your new business. It's gonna take some time, money and effort to get your business established.