How to Know If You Have What it Takes to Be a Home Based Business Owner Answer These 7 Questions

Do you have a home based business or want to start a home based business? Who wouldn’t want to have large amounts of cash pouring in to their bank account from their home office? Who wouldn’t want thousand of loyal customers, to sell products and services to, from the convenience of their home? Who wouldn’t want more time with their family?This is the joy of having and operating a home based business. There are literally thousands and thousands of people who make money at home and have the quality of life you are looking for. What does it take to be successful at your home based business? Are you the type of person who is ready for a home based business venture? If you are working a job right now and want to transition into having a home based business or if you want to improve your current home base business what does it take?Answer these 7 questions and grade yourself on how you are doing right now. These questions are about how you can improve your business output. Grade yourself on a scale from 1 to 10 (10 being the highest) Be as honest as you can it will help you become more successful with your home based business aspirations. Get your paper and pen and let’s begin.Do you have a big vision?
I have a big vision that drives and keeps me excited about my home based business. I am very excited all the time about my vision and my business. I have written my big vision on paper where I can see it. I know why I work my home based business and I know who it will benefit when I am as successful and produce my vision. Grade yourself 1 to 10Do you have a big business community network that you work with?
I understand that my network = my net worth. I have a lot of business colleagues that I work with on a daily basis. We utilize and share information so that we can, find untapped markets, open new territories, bring in new customers over night and generate website traffic and share profits. We do not need the help of a bank loan or line of credit to run our home based business. We utilize joint venture strategies to help us all succeed as entrepreneurs. I don’t feel as if I work alone, I am part of a community of entrepreneurs who work together. Grade yourself 1 to 10Do you have strong self-command?
I do not let any news or challenges stop me from my home based business goals. No one has command over my feelings but me. I tell myself uplifting inspiring thoughts about my ability to run a business from my home everyday. I focus only on the out come I want for me and my family. I spend part of everyday visualizing my big vision and my end results. I follow through on what I say I am going to do that day. Grade yourself 1-10Do you have a place you can go to get new customers or clients?
When I need new clients I utilize my business community network and am introduced to someone who has a big data base, full of thousands of customer, who is looking for a new product to market to that data base. We create a joint venture and I provide that new product. I receive new clients as well as splitting the profits between myself and my business colleague. I joint venture twice a month so that I build my home base business quickly. Grade yourself 1 to 10Are you a possibility thinker?
I do not spend time worrying, complaining or fearing about what to do with my home base business. I take action. I am a solution seeker. When I run up against an unknown problem I will explore options and implement those tools and solutions that will catalyze my home base business dreams. I do not indulge in limited negative thinking. I do not let other use lack, limited or negative thinking around me either. I am open to all possibilities and solutions. Grade yourself 1 to 10Are you organized with your day?
I make a list of what I need to get done for the next day, the night before. I work a schedule just as I would if I were an employee, whether I work full time or part time at my home based business. I make my hourly schedule of when I will work and I stick to it. I know where all my files, papers and tools I will need are. I work effectively during the hours I set aside to work my home based business. I work at the things that will generate cash for me and my family.Do you utilize marketing strategies that are low cost and effective?
I run my home based business lean and mean. I do not use my resources to buy unnecessary marketing or advertising products when I can joint venture instead. I keep my costs down and my profits high. I know how to get supper affiliates to sell my product at no cost. I know how to optimize the referral market. I do not pay for leads or buy lists hoping to find clients. Grade yourself 1 to 10The lowest score is a 7 the highest is a 70. You can see by the score and number where you need to improve your home based business skill sets. If you are starting your home based business or scored in the 7 to 55 range you may want to improve your business by learning about what a joint venture is and how you can explode your home based business sales using that tool.Here is my last challenge to you. Give this test to your spouse and ask them to grade you without any reprisal from you. Then together you are on the same page and can explode your home base business dreams together. Sometimes just finding better solutions can help your home based business thrive.

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A Home Based Business and the 4 Pillars

Starting a home based business is a good option for those who want to have a great work life balance. Care should be taken to make sure money is not poured down the drain in the name of starting a business. People preach the many pitfalls that can be avoided and the wise do take heed and tread with caution.Is it all Doom and Gloom?The fragile world economy features in the news everyday and so does how things are expected to get even tougher. A lot of people are anxious about how to support a decent lifestyle. For most families it is almost impossible to cover expenses on two salaries with increase in food costs, household bills and other basic needs. A home based business is a great consideration for anyone who wants to supplement their income or create flexible working hours to meet family demands, get rid of unemployment or solve other issues.Working from home is a great way to earn some extra income and for some people their entire income comes from their home business. The best thing about this type of set-up is the low start-up costs. A home based business is not as easy as it sounds though; it requires a lot of planning with the right knowledge and skills.Pillar 1 – If It Is Too Good To Be True It Probably IsYou probably have seen a lot of adverts online about how someone made £10,000 in one day. We will all like to strike it lucky and find that deal of a lifetime. But beware, if you are thinking of working from home, do not get sucked into these false claims of making millions in a few months. There are businesses that generate a healthy profit but think about it, if those claims were true everyone will be doing it.Consider the risks involved before you take up any offer for a home based business. Carry out adequate research about the business before you commit funds to it. Search yourself, if this is what you really want to do or if you are doing it for the love of money. Remember the love of money can only satisfy temporarily.Pillar 2 – Start with Minimal CostStarting a home based business should not cost the earth. Just because you are not renting an office space, does not mean you should blow your budget on a state of the art computer system, an executive desk and a recliner chair with a built in massage service. Manage your budget effectively especially when starting off as money may not come in immediately but bills still need to be paid. Beware of the stationery habit; it can spiral out of control especially for those who work from home.Pillar 3 – Dream Big Start SmallDon’t bite off more than you can chew when starting a business from home. Consider your working hours, family schedule, space within your home and other important factors before you commit to your customers. Do you have the space to store the raw materials for your products? Can you manage more than 10 clients a month without impinging on family time? These are some of the important factors you need to consider when you start your home based business. Remember your business reputation is at stake if you do not deliver on your promise.Pillar 4 – Easy MaintenanceMany people who choose to work from home are probably tired of the status quo. So why complicate things even further by setting up a home based business that is too complicated to run. This opportunity should give you the chance to follow your passion and run a business too. Working from home should be a pleasure not another daunting task you hate to wake up to. You should set things on your own terms and within certain guidelines. If you intend to laze about the house and pretend to be working, you might as well stay in your current job. It takes a lot of dedicated hard work to get any business off the ground – a home based business is no exception.All these pillars might sound like child’s play when it comes to starting a home-based business, but one wrong turn can lead to a frustrating experience. Make sure you follow your passion when starting a home based business and understand the basics of running a business. Consider the 4 pillars stated above in addition to other relevant information when starting out to help you stay on the right track and enjoy the process.