By Tom Polanski
For many people, the idea of a home based business is a dream. Work when you want, where you want, and how you want. Go to work in your pajamas. Be your own boss. All of these sayings are based on a kernel of truth.
But with every business – and especially home-based businesses – there are some facts that simply never change. Since you’re the driving force behind the business, you have to know if you have what it takes to succeed. Do you? Let’s find out.
1. Can you spot the fake? If you’ve taken any time to research home business opportunities or “work from home” online searches, you already know that there are so many scams out there that it’s hard to know who to trust. If you have a habit of falling for every great new “opportunity” that comes your way, you may be putting yourself at risk unnecessarily.
Instead, ask a friend or family member what they recommend. Consider asking work colleagues too – you never know how many of them run businesses on the side in their spare time!
2. Are you disciplined? Having self-discipline is a trait that every home business owner needs to cultivate. You must be willing to put in long hours – especially in the beginning – to have your efforts pay off later on. Getting your name out there and properly following up with potential clients is a must.
3. You might not make as much money – Realize that, at least at the start, you may not make as much money as you did in your regular J-O-B. Some businesses can go a few months without seeing much profit. This is understandable at first, as you gather together the materials you’ll need to start working from home. Knowing that there are costs you must be now in order to enjoy the rewards later on is a big factor in your home business success.
4. Be able to avoid distractions and demands on your time – If you have a family – especially with young children – distractions are going to be a part of your day. Knowing this, do what you can to minimize those distractions. For example, avoid doing laundry mid-day and devote yourself entirely to finding new ways to market and promote your business. Ask your family to treat your home business the same as if you were away at work. Create a space for your “office” (if this is a separate room that you use entirely for work, you may even be able to deduct it off of your taxes!) and turn off the radio or television if they bother you.
When you make an effort to focus your time, discipline yourself and do more than is expected, you are setting yourself up to make great progress toward becoming a successful home business owner. Good luck!