Home » Business » Home-Based Business

Should You Start a Home Business?

Mar 14, 2008
Have you ever though of putting up a business so that you could earn and get away from the tedium of a 9 to 5 job? Does the daily grind of work wear you down, making you hope you were your own boss and making your own money? Then you are not alone. But is taking the plunge into a small home business worth it? Here is a quick guide to help those who are considering getting into their own business.

1. Money - setting up a small home business will involve putting up some money. Do you have this? If not, try sticking with your 9 to 5 until you earn enough to do so. And even if your home job does not require any start up capital. You will still need money to cover food, the rent, and all your living expenses (you won't be receiving a paycheck anymore remember?). You may want to have a moderate amount to be able to dive into uncharted waters.

You also have to remember that these businesses won't make money overnight; you will have to stick with it for a few months before you can make enough to live on. Take this into consideration when starting a business.

2. Time - having your own business can be attractive because you are your own boss. Does this mean that you get to work less since you are no longer tied up to the Bundy clock anymore? By all means, no. Having your own business means you own your time, you get to call the shots when and where however, it does not mean that you will work less. You will probably mean you will work the same amount of time per day as a day job. It might even mean you will get to spend more time trying to make your business work.

3. Security - businesses can fold up. Yours might too. Can you deal with this sort of risk? At your day job (which of course is run by a business that is stable and less likely to fold), you are assured of your job and will only look forward to cashing in on paychecks every month. And in the end, you will only have to look forward to your pension when you retire.

Having your own business means having no dental plan, no medical insurance, and no pension plan. Are you willing to risk these all? If those who are willing, great financial rewards could come. However, not everyone finds that pot of gold at the end of the rainbow. You will have to assess your chances at succeeding before diving headlong into the fray. In a way, starting a business is a gamble. If you do choose to gamble, make sure you make an educated gamble, and try to minimize risks while maximizing opportunities.

4. Need - do you already have a small business in mind? Or were you just attracted to the prospect of being your own boss. If the latter is in your mind, then you should, by all means, go back to your day job. In the case of the former, you will have to explore whether there really is a need for the business you are thinking of. Try doing a study or a survey on your target market to see if there really is a need. If you do find it so, then on to the next part!

5. Where to start - the Chinese have a nice way of starting their businesses. They have their friends and families commit to supporting these businesses by having them become the first and most committed customers. When you start your business have your friends and families help out and become the first customers. And while they are at it, have them bring their other friends and families. This is a surefire way of expanding the network of customers you have.

6. Advertise - let other people know you exist, and make your advertisements as attractive as possible so that the people will come knocking at your door just for your service and products.

7. Please Your Customers - Go the extra mile. Make pleasing your customers your primary objective. If you do so, you won't have to beg them to come back. You'll soon see your business swamped by so many orders and request that you'll have to bring in some help soon.
About the Author
Daegan Smith is an Expert Internet Network Marketer. "Learn How To
Make $10,717 In Less Than a Week While Quickly And Easily EXPLODING
Your Network Marketing Organization Without EVER Buying a Single
Lead?" http://www.internetmlmsuccess.com
mailto:netmlmsuccess@aweber.com
Rating:
Please Rate:
(Average: Not rated)
Views: 133
Print Email Report Share
Article Categories