What to Avoid When Starting a Home Based Business
What to Avoid When Starting a Home Based Business
Working from home has become increasingly popular over the last few years. Many people have found the work place too stressful while others have been made redundant during the recent financial difficulties. Whatever the reason, a home based business can be the answer to many people’s dilema.
One of the most popular ways to make money from home has been by setting up a business on the internet. However there seems to be a divergence of opinion regarding the degree of success in such a venture. Apparently only 5% of the people who start an online business actually make a go of it and 95% of them will give up during the first 5 years.
In order to ensure that you are one of the very small percentage that make a success of it you need to be aware of what you need to avoid.
The following is a list of things I have learnt, through trial and error, to avoid like the plague:-
1. Allowing yourself to be lured into every home based business opportunity you come across in the belief that the next one will be the answer to your prayers. It rarely is.
2. Monthly subscriptions - that will soon eat away at your capital expenditure. This can be fine for the more experienced person who knows what they need but not for the newbie who is still at the trial and error stage
3. Get rich quick schemes - they always sound inviting - but the only people who get rich quick are those who own the site.
4. Expensive software - this is rarely of any use to somebody who is still learning the ropes. There are many free ways to get your business up and running. Save the expensive options for a few years down the road when you are actually earning some good money.
5. Lack of focus is probably one of the most important things to avoid. This can sound the death knoll for your business. You need to have a plan and be focused enough to stick to it.
6. Negativity can be one of the main reasons people fail online. They expect to make money in a few months. Experience tells me that many of the people who now have highly successful home based businesses took between three and five years to make it big. So keep positive and don't allow negative thoughts to deter you.
What to Avoid When Starting a Home Based Business - To learn more about this author, visit Janet Matthews's Website.
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Working from home has become increasingly popular over the last few years. Many people have found the work place too stressful while others have been made redundant during the recent financial difficulties. Whatever the reason, a home based business can be the answer to many people’s dilema.
One of the most popular ways to make money from home has been by setting up a business on the internet. However there seems to be a divergence of opinion regarding the degree of success in such a venture. Apparently only 5% of the people who start an online business actually make a go of it and 95% of them will give up during the first 5 years.
In order to ensure that you are one of the very small percentage that make a success of it you need to be aware of what you need to avoid.
The following is a list of things I have learnt, through trial and error, to avoid like the plague:-
1. Allowing yourself to be lured into every home based business opportunity you come across in the belief that the next one will be the answer to your prayers. It rarely is.
2. Monthly subscriptions - that will soon eat away at your capital expenditure. This can be fine for the more experienced person who knows what they need but not for the newbie who is still at the trial and error stage
3. Get rich quick schemes - they always sound inviting - but the only people who get rich quick are those who own the site.
4. Expensive software - this is rarely of any use to somebody who is still learning the ropes. There are many free ways to get your business up and running. Save the expensive options for a few years down the road when you are actually earning some good money.
5. Lack of focus is probably one of the most important things to avoid. This can sound the death knoll for your business. You need to have a plan and be focused enough to stick to it.
6. Negativity can be one of the main reasons people fail online. They expect to make money in a few months. Experience tells me that many of the people who now have highly successful home based businesses took between three and five years to make it big. So keep positive and don't allow negative thoughts to deter you.
What to Avoid When Starting a Home Based Business - To learn more about this author, visit Janet Matthews's Website.
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Staging DivaDebra Gould, aka The Staging Diva®, is President of Six Elements Inc., an internationally recognized home staging company. Inspired by many requests from aspiring home stagers wanting to start similar businesses, Gould created the Staging Diva Home Staging Business Training Program. Gould has trained over 1000 Staging Diva Graduates worldwide to start staging businesses. Buying decorating and selling six of her own homes in four years lead to an interest in real estate staging which she turned into a career with the launch of sixelements.com in 2002. Since then she has staged hundreds of homes in addition to teaching home staging training. Gould is the author of several home staging resources including a series of popular ebooks made up of a Design Guide, Color Guide and Portfolio Guide. For more information about Debra Gould visit stagingdiva.com. - Visit Staging Diva's Website |
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John PowerJohn Power, founder of Biltmore Franchise Consulting, has extensive experience developing and marketing franchises and business opportunities. He has been in and around franchising for over twenty years. From 1980 through 1990 he conceptualized, organized, and developed the American Video Association. He grew AVA to 2,000 national members, before selling the company it 1990. It was later merged into another home video marketing company. From 2000 to 2005 he worked as a contract marketing and human resources consultant to several local and national companies. In 2005 Mr. Power began working as a franchise development consultant on a full-time basis. Since that time he has helped more than three dozen companies initiate and develop their franchising program. He notes that there are many companies interested in developing a franchise program, and who need his specialized assistance. Mr. Power is a “hands-on” franchise consultant. He said, “I am the ‘nuts and bolts’ person who tends to the details for my clients.” Mr. Power holds a B.S. degree with a major in Marketing. See: www.biltmorefranchise.com You may contact Mr. Power at: jpower@biltmorefranchise.co - Visit John Power's Website |
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Stephanie RobeyStephanie Robey is President and CoFounder of Pivot Positive, LLC - an Internet marketing business focused on helping people start work at home ventures. Previously, she was employed at The Search Agency with over 20 years experience in graphic design and 10 years experience in online marketing. She was responsible for launching the Conversion Path Optimization (CPO) unit where she and her team have conducted hundreds of optimization tests for online companies across multiple verticals. She is a successful entrepreneur having started and sold 2 companies and remains on the board of directors of the third, PhotoSpin.com Stephanie began her career in the direct marketing realm creating and producing direct mail for many of the major cable television companies and directly attributes her understanding of Internet marketing to those early offline experiences. Stephanie is a graduate of San Diego State University with a BFA in Graphic Arts and also holds an Executive MBA from the Graziadio School of Business and Management at Pepperdine University. Read Steph's Blog Meet Steph and Dave Sign up for our Free 7-Day BootCamp: Self Employed & Rich - Visit Stephanie Robey's Website |
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David BarrDavid Barr is the President of Venture Opportunities, Inc. David has been a professional business broker/intermediary since 1980 focusing on General Business Brokerage and Mergers and Acquisitions representing client transaction value from $400,000 to $20,000,000. Mr. Barr has handled the sale of over four hundred and fifty companies. David earned a university degree from the State University of New York majoring in economics and business. David holds the Mergers and Acquisition Master Intermediary and the Certified Business Intermediary designations from the International Business Brokers Association. He is also a Senior Business Analyst and a Texas licensed Real Estate Agent. For more information about David and Venture Opportunities, visit www.bizdealmaker.com. - Visit David Barr's Website |
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Anne BarrAnne Barr has over 26 years experience in sales and marketing, six years as a franchisee. She has assisted over 367 business owners and purchasers to achieve their goals in career change, transition and exit strategy. She holds the designation of Certified Franchise Executive from the International Franchise Association, Certified Business Intermediary from the International Business Brokers Association and Board Certified Broker from the Texas Association of Business Brokers. Anne is active in professional organizations, networking groups and volunteers for non-profit entities. As owner/operator of four successful businesses, Anne has proven people skills and enjoys helping clients find the right "fit" in business ownership. Visit www.FranchiseOpportunitySpecialist.com for more information about me and my company. - Visit Anne Barr's Website |
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Casey GollanCasey Gollan, Business Coaching & Mentoring Programs. Add $1 Million to $10 Million in the next 1 to 3 years. Since 1996 Casey has to added hundreds of millions of dollars to businesses. Watch a free video see client results Business Coaching website. - Visit Casey Gollan's Website |
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Jeff FosterWebBizIdeas.com is a Minneapolis website design company founded to help people start an internet business by providing them with website, business, and internet resources that help foster the growth of successful online businesses and develop innovative Internet business ideas. We specialize in internet consulting & internet marketing. - Visit Jeff Foster's Website |
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