Are You Ready For Your Own Home Business?
Copyright © Rahimah Sultan

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Even though starting your own business and setting yourself free from the soul crushing 8-5 workaday world sounds like the perfect thing for you, this might be the time to take a closer look at yourself and make sure you have the tools and resources necessary to make this change. As enticing as it may seem, the simple fact is that not everyone is cut out to be an entrepreneur. Before you take the big leap of quitting your job, take the time to soul search and be sure that running a business or home-based business is the right path for you.

You need to have some sense of the amount of money it will take to start your business. Even if your plans are limited to a simple website, you will need capital to produce your product, and you will need money to market the business. And know also that most businesses do not make money in the first year or so of operation. So, you’ll need to have enough money saved to support yourself and your family in the meantime.

Be sure you’re not starting a business for the wrong reason. Some people think that self-employment, particularly when it involves a home business, is like winning the lottery. They picture a world where they work one or two hours a day and then go out and play on the beach or crash on the couch to watch television. This is a huge mistake. If you think you work too many hours now, just wait until you own your own business. Entrepreneurship takes more hours in a week than you put into your day job in two. Now, of course, if your small business consists of something you have a passion for and love doing, you’ll be fine. Just don’t be under the misguided impression that running your own business will free up plenty of time to play video games or whatever, especially in the beginning.

You’ll also have other things to consider before taking that big step into self-employment, like a business plan and advertising money, among others. If you’ve satisfied yourself regarding the aforementioned concerns, you’re probably ready to take the plunge. On the other hand, if you’ve decided it’s not for you, don’t despair. There’s nothing wrong with a steady 8-5 and the benefits that go with it.

One of the questions, found on just about every application for any job in America, is that regarding self-motivation. When you’re thinking of starting your own business, you must decide whether or not you are truly self-motivated, and you must be honest with yourself. If you’re the type that must be gently nudged to do necessary things, then self-employment is not for you. The cultivation and operation of a small business is entirely dependant on the work you put into it. No one is going to hold your hand or tell you what to do. It will all be up to you. Be sure you’re a self-motivator before you take on the task of a home-based business.

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