How to Start a Home Based Business? The Single Reason 95% Fail
There is a ton of info online about how to start a home based business. The truth is, 95% of people who attempt to begin one end up failing.Why is there such a high failure rate?There is one MAIN reason. Here it is: they do not have a long term plan.If you don’t know why you are starting the business, you will not have the motivation to push through the hard times.Clear goals are what keep you working late nights when you get home from your job, instead of watching TV. If you don’t know why you want to start a business you will never become successful.It’s that simple.There have been numerous studies that have shown that people with goals are far more successful and happy than those without them.How do you develop a plan?First plan out your long term Goals. By this, I mean six months, one year, and five years.Once you know where you want to get to long term, then planning the day to day is much easier because you have a direction.Then break it down into chunks.This way you can celebrate your daily and weekly victories, and see the progress you are making.It would be very discouraging if your 5 year goal was to make a 7 figure income, and you are at $0 right now.You would never feel like you are making headway. However, if you break your income target down into weekly goals, it will seem a lot more doable.Make sure to plan out each week before it starts.This ensures you have maximum productivity. If you just show up at work without a plan, NOTHING will get done.The bottom line-there are tons of tips online for how to start a home based business. However, if you don’t know why you want to do it you will never become successful-even if the best income opportunity were dropped right in your lap.
