Starting a Home Based Business: Is it Right For You?

Nov 20
08:53

2008

Jeffrey Roh

Jeffrey Roh

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Do you want to break free of feeling like your boss or company controls how much you make, what your schedule is, how far you will go in life, making money for other people? Being your own boss and keeping your profits can be the answer. Find out if you have what it takes.

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I used to sell advertising to local small business owners,Starting a Home Based Business: Is it Right For You? Articles and one of them once told me "as long as you work for someone else, you will never get ahead." And he was right. When you work for someone else, they control your paycheck, your schedule, your future.

Don't read anymore if that is you.

If you are like the many others who have made the decision to create financial independence for yourself, then reading this might help. I belong to the group that has said no more!" to the corporate world and started a home based business. Only you know if the move to a home based business is right for you, but there are some questions you can ask yourself.

Starting a business is not for everyone, and that is okay. The reality of what it takes to make your dreams come true is it takes hard work. But for those you can make it a reality, you just might tell yourself one day that it was the best move you ever made!

So now imagine you are the boss of the business you want to start and you are hiring yourself. What kind of questions would you ask your prospective employee ( you! )?

Do you have the right attitude?

Anything in life worth having takes work, and a home based business is no exception. If anyone tries to sell you some program that claims you can make 1000's of dollars a day with no effort, stay away! In the beginning, you will have to put effort into it. Yes, one day it may get easier and you may make 1000's per day, but that only comes with time and hard work. You need to view a home based business as just that....a business, and not a hobby. Be professional, think why someone would need your product or services, what kind of value do you bring to your client? Why should someone buy from you? View this as a job with regular hours and a work week....do all of these things and you will give yourself a good mindset. Have fun...after all, you are creating financial freedom for yourself....but be able to answer the question, if you were a client, would you want to do business with yourself?

Do you have a plan?

You know what your goal is, but how are you goint to meet that goal? Often a home business starts out as a hobby or a part-time endeavor and somewhere along the way you realize, hey...I just might be able to make money with this. Too many people fail to plan, and that is just planning to fail. What are your goals? Be specific.... "I want to make a lot of money" isn't a goal...there is no definite number, there is no actual attainable thing that you can push yourself to reach and then say "I did it.A better goal is "I want to make $3000 by my 4th month in business", or something like that. When you put a number and a deadline to it, the rest is easy. You will then be able to put down on paper what activities it will take to get to that goal. You can set the bar higher once you do!

Are you disciplined enough?

This was the hardest one for me, and it might just be for you too. Starting a home business means being your own boss. You're the boss! You are the boss...you have to tell yourself what to do. If you work from home, it is very tempting to do a little work, then watch tv, or clean the house, or take a nap....you get the picture. Sure, it's okay to do a little of that, after all, that is one of the benefits from working from home. You have to "go to work" if you want to make money with a home based business.Just like going to work at you 9-5 job. Give yourself a daily task that relates to what you need to do to achieve your goals. When I started my home based business, I first said "I want to sign my first client in the first 3 months." Then I sat down to figure out what kind of marketing I needed to do, who I should target. I gave myself weekly or daily tasks....I am going to make twenty phone calls per day, or write one article per day, or spend 1 hour adding content to my website. Do this, and you will hold yourself accountable and create the discipline. Write your daily and weekly tasks down and check them off as you go.

Can you deal with the upfront costs in money and time?

Finally, how is your threshold for pain? I don't want to scare you, but you need to know that you will spend a lot of time getting everything off the ground. You will probably need to spend money to get started. You will make mistakes and find things that work and don't work by trial and error. It is not uncommon to take 6-12 months to get your first client in one of my home businesses. I signed my first one in 4 months, but I was spending time and money all that time to market to my audience. Can you imagine how scary that was? After 3 months with nothing to show for it, there were several times I had doubts, I felt like packing it up and cutting my losses. But had I quit, I would have missed out just a month later.

Someone once said most people quit before they cross the goal line...what will you do when there are disappointments and setbacks? Can you keep charging ahead when things are tough?

If so, then congratulations! You know what it takes to break free financially and become a success as a home business owner.