Information and resources for starting and running a home based business
Do you have what it takes to start a home-based business? Use the following
article to audit your personal and professional attributes.
1. Initiative: You need to be able to work well independently.
Much of the support available when you work for someone else won’t be found at home. You can’t turn to a supervisor
or coworker and ask for help. Therefore, it is very important for you to be a self-starter and to be able to critique
your own work.
2. Risk taking: Without the ability to take risks, you won’t
go very far with your home-based venture. There are no guarantees that your business will succeed. If you want
the security of a guaranteed income, remain an employee of another company.
3. Creative thinking: Most people associate the entrepreneurial
spirit with an ability to innovate. Entrepreneurs are willing to try something new, to look at things differently,
to find a niche and fill the void.
4. Motivation: Just because you work for yourself doesn’t mean
you can work less. Instead, it may mean working longer hours and wearing many more hats than when you worked for
5. Experience: You’re going to need experience in both the field
of business you choose to start and in general business principles. A great many entrepreneurs have great ideas
and a lot of talent, but don’t know the first thing about running a business. Most home-based businesses are run
by one or two people. There won’t be anyone in your business to turn to for answers, and there won’t be anyone
looking over your shoulder to make sure that you do the right things, on time.
6. Organization: Plan your time and organize your activities
efficiently. Develop a schedule and adhere to it.
7. Ambition: You don’t have to be ambitious to the point of
greediness, but you should have enough ambition to keep going in the face of adversity. Remember, some people won’t
take you seriously because you operate from your home, but you can’t let that get you down. You have to be persistent
enough to get around their prejudice regarding home-based businesses.