Work From Home Business Ideas

Over 79 million people will start a home based business this year according to Forbes magazine.  Yesterday I wrote an article on Steps to Start a Small Business. pix car Work From Home Business Ideas

Starting a small business from home has positives and negatives.

Positives:

  1. You do not have any additional rent for your business location.
  2. You do not have any additional utility expense for your business.
  3. You do not require any travel time or expense.  A 30 second walk from your bedroom to your office does not count as travel time.

4.  In the initial stages you will probably not have any employee expense

Negatives:

  1. You work from home.  You have all of the distractions of home life which makes it more challenging to focus and concentrate on business tasks.
  2. You have to do all of the tasks.  You place the ads, you call the people, you do the  training, you do the record keeping, you do the short and long range planning and you do your own research to learn more about your new business
  3. Wow.  After all of that you are probably thinking about a nap.  No can do.  Until you start making money in your new small business, you are probably still working your day job.  Plan at least 20 hours a week for you new business.

Being health conscious and an exercise-a-holic, I am not telling you to give up your sleep, give up healthy eating, or give up exercise.  It will be more challenging for awhile to accomplish everything.

Oh, your sanity is in the mix somewhere as well.  I am not telling you to give up your spouse, your kids or even your tennis racquet.  You WILL have to focus your time and energy carefully.  No more wasted time.  Carefully examine your schedule and make every minute count.

Weigh the time freedom, lower start up cost, convenience, and unlimited income potential against the discipline, time, initial investment and learning curve required for entrepreneurial thinking.  Do you have what it takes to be successful?

You may be thinking, “What if I fail?”  The best way to overcome your fear of failure is to make your desire for success more powerful than you fear.  What is your “why?”  What is your powerful reason to push through any obstacle until you reach success?

Every business requires a powerful “why,” but a home based business seems to require an even stronger why than a brick and mortar business.  Maybe it is because there is a lower investment or because it is easier to quit.  You do not have a lease to break or contracts to renegotiate or transfer.  Work from home business ideas sound great and they are great.  The catch is the follow through.

If you have the discipline, determination and “why,” your odds of success just skyrocketed.

If you would like individual coaching or more personalized guidance on your steps to start a small business, contact me at www.Elaine4Success.com.

Related posts:

  1. Entrepreneurial Mindset – Achieve Your Dreams
  2. Characteristics of Successful Entrepreneurs
  3. Entreprenuerial Mindset – Second Thoughts Destroy Dreams
  4. Entrepreneurial Success Requires a Debrief
  5. Entrepreneurial Mindset – Never Give Up

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