Professional Documents
Culture Documents
Introduction.page 4
End Notepage 32
The good news that you need to take in right away that
whenever there is an economic downturn home based
businesses explode in growth.
But, that does not mean that you can never be a success. All
it means is that you need to take a different approach. Most
successful entrepreneurs failed multiple times before finally
becoming successful.
You need to realize that even as you read this there are
people out there consistently earning a 6-7 figure income
from their home based business. If others can succeed, why
not you? However you will need to realize that the road to
success starts with you identifying the best home business
opportunity for you.
The truth is that if you join the wrong opportunity then
nothing else matters, you will fail. No matter how hard you
work and what smarts you apply, chances of you succeeding
will be very minimal indeed.
To help lead you down the right path, we have a few tips for
you as you head down the path of choosing a business.
You may have the passion for the business that you are
planning to start, but can you afford the business? Is the
cost of your business within your reach? Where will you
secure funding to support your production, marketing and
operations? If you do not have the cash to support your
venture, there is a high likelihood that your business will end
up as a failed start-up.
Now, also imagine that you were eating better all of the
time. That you were totally in control of your finances. That
Life as a whole was just moving along a lot smoother.
1. Antiques
2. Baking
Have you ever been told that you have a recipe that people
would line up to get if they could? Ever had anyone tell you
that you should be selling those cupcakes you make?
Don't toss that thought away! While it's not easy work as
the hours can be long and it's usually a seven days per week
business, it's often something that you can work into a daily
schedule. After all, it's merely an extension of doing the
housework for family, right? More and more people are
taking after Europeans and opening their homes to
travelers.
If you have an extra room or two since the kids moved out,
you can start a bed and breakfast in your own
place! Bed and breakfast popularity will continue as more
and more vacationers and business travelers seek a different
accommodation away from the predictability of the average
hotel room. If they enjoy their stay, many become "repeat"
customers, coming back to the same familiar surroundings
time and again.
4. Childcare
Caring for one additional child may not be that lucrative, but
taking care of several children can certainly be a full-time,
financially successful business. Often, taking care of several
children is made somewhat easier as the youngsters often
will play together. You can do this at home for only a small
investment in basic equipment and toys for the kids in
addition to the advertising of your business.
For more information:
5. Computer Specialist
6. Gardening
You can even inquire about your own produce stand if you
have enough product. The more space you have on your
land, the more likely you will be able to generate enough
crops to run the business. People love homegrown
vegetables. They just do not have the time or want to be
bothered doing it themselves. That is your open door!
If you know the type of product you want to import and the
market most likely to purchase your goods, you have great
potential for a successful home-based business.
The sky is the limit here! Armed with your trusty camera
and some good advertising, you can do weddings, models,
family portraits, passports, student photos, local newspaper
coverage; almost anything that requires a picture!
You can easily start this work, part-time, and work into full-
time work based on your success and inclination. Not much
equipment is necessary to get going as a camera off the
store shelf can often do the trick today. Picking up a tripod
and having a room sufficient for developing your pictures,
and you're in business -- at home!
Sure, you might see the need for a better "blue widget," but
will anyone else? Maybe the market is already saturated
with blue widgets that work just fine and the competition is
sufficiently meeting the consumers' needs. Perhaps blue
widgets are just the latest trend and have no real long-term
potential for helping you realize your business goals.
If your idea passes the business plan test, then you can be
reasonably confident that this is the right business for you.
If you come away from this exercise feeling hesitant,
uncertain and unsure, either do more research (if the
reason for your hesitancy and uncertainty is lack of
information) or discard the idea (if it's because you don't
think your idea is going to fly). If this happens, just keep
repeating Steps above until you end up with an idea and a
business plan that you're confident is going to work!
Although it's frustrating to wait once you've made up your
mind to start a business from home, this really is one
situation where the tortoise wins the race. By taking a
methodical, systematic and disciplined approach to
identifying the right home business for you, you give your
business the best possible chance for long-term survival,
hopefully avoiding some very expensive mistakes along the
way.
There is one thing that all successful people value more than
money and that is their time. They will be more willing to
give up money because they can never get time back. Even
repetition of small changes can make all the difference on
whether your dreams become a reality.
Start small
Everyone wants their small business to be successful, with
multiple locations, lots of employees and loads of revenue,
but you have to learn to walk before you can run. Don't
spread yourself too thin or take on too many expenses at
the beginning, especially if your income might take a while
to catch up to your ambitions.
Get it in writing
While, it's nice to do business with a handshake, there's no
substitute for a well-written contract. Indeed, many
contracts are not valid unless they are in written form.
The exact number of this type of contract varies between
states, but here are a few common examples:
Don't just hire the first person to come along with the basic
qualifications you need. Look for someone with motivation,
creativity and the right kind of personality to make it in your
industry and fit in with your business. Then, once you've
found that person, treat them well, engage them and make
sure that you create the environment that they will thrive
and give their all in.
End Note
If you want to cut through the middle, you might like the
type of business I have chosen..
Would you like to have the flexibility and profit flow of being
your own boss, but want the infrastructure of a successful
business already built, this might be for You!
http://www.MyLifechangeBiz.com
www.linkedin.com/ritaschwarcz
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