Trading Your Job For A Home Based Business

They imagine all the money they will make and the freedom they will enjoy. Many people actually realize their dream. Home based business entrepreneursenjoy some of the best aspects of being in businessfor themselves without alot of the hassle and expense of a typical site business.

There are those that turn what they may doing at work into a home based business. Some turn their favorite hobby into a business. Many people come up with an idea or find a business that interests them and then go forward with it.

Many things come into play with this process of  Entrepreneurship. Making this kind of move is very unnerving to some because of the bold thrust into the unknown that it requires, not to mention leaving the security of a good job. There are risks. A goodplan to reduce risk is warranted. Risk when properlyplanned and compensated for can be very rewarding.

The best plan of action is to start a business part time working as many hours on it that you can aside from your regular job until the business is making as much or more than the job. Then before making the jump from your job into full time business make sure to pay off most or all personal debts with the exception of your home. Then put six months to a years worth of income in a savings account.

I made that leap years ago when I actually purchased my first home based business. I must say it was scary. I was worried about all the things that I would need, such as knowledge, money, supplies, office location, business tools, etc. I was concerned about giving up my regular and expected income from my job.

I was lucky that the person who sold this business to me actually helped me get established with suppliers and customers as well as helped me get into the operation of the business. Basically he showed me the ropes.

I actually ran my new business from home for over nine years. My first home based business was a success.

I look back at that experience and try to recall  some of the keys to my success. I came up with a list.

First. I found a business to buy and bought it.This is a great way to go as long as you do the footwork in verifying the actual current income as wellas income potential. Verifying the current business relationships (suppliers, customers etc.) is very important. Starting a business is just as vaiablehowever there are more steps involved.

Second. I learned the business as fast as I couldand put the necessary time into building it rightfrom the beginning.

Third. I had a mentor in the beginning to help me get going. I wasted no time in getting to know my suppliers and customers.

Fourth. I was consistent in my working hours and kept learning and applying new strategies to make things run better and smoother.

Fifth. I took time to enjoy the fruits from my business. I had more time and money to work with.

I know that the two most important factors in my success were a quick decision and a lot of action in the beginning.

There are a lot less things to consider when starting a home based business. It is easier to get going more quickly. In my opinion everyone should start their own business but alas there are those who will never give it a try.

I love the ideal of being independent of a time clock and a boss breathing down my neck. It frees your mind up and allows your creativity to grow and flourish. The idea of designing ones life the way you wouldhave it is very appealing to a lot of people.

Some people catch the business bug and end up creating many new businesses, keeping some and selling some. In the process they end up making their lives better, and creating jobs those who are not entrepreneurs in alot of cases.

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