Before starting home business, it is important to take the time to review the factors and considerations about yourself and the business you plan to enter.
Be honest with yourself. Know what you`re getting into.
In business, there are no guarantees. There is simply no way to eliminate all the risks associated with starting a small business - but you can improve your chances of success with good planning, preparation, and insight. Start by evaluating your strengths and weaknesses as a potential owner and manager of a small business.
Ask yourself these questions:
-Are you a self-starter?
-How well do you get along with different personalities? Business owners need to develop working relationships with a variety of people including customers, vendors, staff, bankers, and professionals such as lawyers, accountants or consultants.
-Do you have the physical and emotional stamina to run a business? A home business can be exciting, but it`s also a lot of work. Can you face six or seven 12-hour work days every week?
-How well do you plan and organize?
-Is your drive strong enough? Running a business can wear you down emotionally. Some business owners burn out quickly from having to carry all the responsibility for the success of their business on their own shoulders. Strong motivation will help you survive slowdowns and periods of burnout.
If you can accomplish the above then you can be on your way to a successful home business. What type of home business would you like to run? What are you good at? What do you love to do? What do others say you do well? You have to love what you do.
There are many pros to having a home based business....yes you can work in your PJ`s...i did until this afternoon..didn`t have time to get dressed, was on the phone too long. You can have a more flexible schedule and make time for your family.
I would have to say that the most difficult obstacle to running a business out of your home is to when to shut down "business" for the day..... It can call you at all hours..but just set a limit and leave it until the next day. I struggle with this. You should be ready at a moments notice to run out the door to meet a prospective client, that has an urgent need you may want to jump right on. So being able to get ready fast is a good thing. You have to always rellok your plans, stay on target and try never to procrastinate because you are answering to only yourself. Set daily goals and check off as you go.
I wish you much Success!
-How will the business affect your family? The first few years of business start-up can be hard on family life. It can be VERY hard! It`s important for family members to know what to expect and for you to be able to trust that they will support you during this time. There also may be financial difficulties until the business becomes profitable, which could take months or years. You may have to adjust to a lower standard of living or put family assets at risk in the short-term.
Our Goal Is Your Success!
Founder Girls with Goals