Best Rated Home Base Businesses: What Home-Based Business Is Right for You? Part 1
So… you are dreaming of working from home. Would you like to leave your old industry behind? Maybe, say goodbye to your boss? You know there are opportunities out there because millions of other people are doing it. Truthfully, there is a lot of argument about what is the best home-based business to run. This is because success or failure at any venture is a very individualized thing. What might be a perfect fit for one person will be disastrous for another; however, there are a few considerations that are universal and I am going to share them with you. If you follow them you will find what you’re looking for and take it from a work from home/ stay at home dad it will be worth it!Because I believe this subject deserves some in-depth discussion I have written a three part article series concerning it. This article will give you the main considerations that must be made before choosing any potential opportunity.Before you invest time and money into taking the jump into home-based entrepreneurship you must carefully analyze the opportunity and weigh it against others. Don’t make the mistake of jumping at the first decent one that someone puts in front you. Consider, just in the MLM industry there are currently 2,700 competing in the US alone! Taking a few weeks or even months to carefully education yourself in the area of home-based businesses is a smart thing to do. Make sure you do your due diligence before making any decision. It’s a sobering fact that over 97 percent of home-based business owners fail in their first two years! Here are some basic things to consider. I have shared them with many folks over the years and most have greatly thanked me for them later.Four Things You MUST Consider1) The product, Service, or Opportunity Connected to the BusinessesEverything else aside, what is the business you are looking into really about? What exactly are you going to be selling? Who are you going to be helping? What opportunities are you going to be building for others? If the business works out it will be your job. Make sure it is something you will really want to do for years to come. Is this opportunity something you can stay passionate about? If not, keep looking.2) The Start-up Money Needed Verses the Realistic Potential IncomeWhat is the realistic income opportunity? Do to the fact that millions of folks are attempting to work from home every year; there are thousands of opportunities out there they will cost you a lot of money and time, but may not have the income that is initially promised. Make sure you talk to people involved in any opportunity and see the facts concerning the income possibilities verses what you are going to have to spend to actually work the business.3) The Skill-set Necessary to Successfully Run the BusinessIf you do not have the needed skills, make sure you have a plan to get the training you need. Do this before putting tons of time and money on the line. If you are looking at joining an organization what kind of mentoring is available?Can you find the training you need through books or online?4) The Time Needed to Run the BusinessHow much time are you going to have to run your business? How much time are the opportunities you are looking at going to take? I certainly over estimated this when I took the jump. Between my family, church, and ongoing education I spend about 4 hours a day working at my home-based business. I went through three failed ventures before finding one that had the income potential I needed; and fit my skill-set and limited schedule. Map out your day on paper and be realistic about the time it’s going to take to build any new business. This easy step will save you a lot of heartache down the road.If these tips are making sense to you check out part 2 and part 3 of this article series. Rather than give you my personal opinion, or the opinion of some other so called “expert” my goal is to hand you the thought process that will lead you to what is right for you.
