Is Home Business Entrepreneurship For YouIs Home Business Entrepreneurship For You

For most people, starting a Home Business is a way to realise their financial dreams. With the Home Business, the entrepreneur hopes to be finally free from the routine and pains of having a job.

Like any other business, there will always be a period of time (normally in the beginning) where you will need to give more time and effort than expected to build the fundamentals of the business. As a business startup, you will be faced with risks. There is no way to eliminate all the risks associated with starting a business. However, you can improve your chances of success by good planning, preparation and guidance.

These are the factors that you must consider and prepare yourself before starting your own Home Business.

1. Do you consider yourself a Self-Starter?

When you are an employee, your boss is the one to worry about these things. You will need to seriously worry only if the salary does not come in at the end of the month. A Home Business Owner is fully accountable for the success or failure of the business.

A Home Business owner needs to create products and services, develop marketing plans, implement the plans, take orders, deliver the products and services, manage time - the list is endless.

2. Do you get along well with people with different working style and personalities?

As a Home Business entrepreneur, people management is a fundamental skill. You will need to develop good working relationship with a large variety of people namely your customers, suppliers, bankers, lawyers, accountants etc. Are you able to control your temper and nerves when faced with a highly demanding customer, an unreliable supplier or unreasonable banker all for the good of your business?

3. Are you good at making decisions? in a timely manner?

As a Home Business owner, you will need to make decisions constantly, under pressure, independently in a timely manner. You will need to account for all the factors and information in hand before deciding on matters that may affect your business.

4. Do you have the mental and physical stamina to start and maintain a business?

Running a Home Business is a marathon and not a sprint. Starting and developing a successful Home Business requires stamina both mentally and physically. Though it is exciting, challenging and sometimes fun, there is a lot of work involved and even more ups and downs.

5. Plan and Organize.

According to research, many business failures can be avoided through better planning, good organization, good counselling and guidance.

6. As the owner behind the wheels, is your drive strong enough to propel the Home Business forward?

As the Home Business owner, you must continously motivate yourself when running the business.

Some Home Business owners often experience burnout by having to carry the burden of the business on their shoulders. Motivation can make a business succeed and help survive the slowdowns and periods of burnout. It is a good idea to form alliance to manage the workloads of the Home Business. You may join support groups to keep yourself continuously motivated.

7. Balancing Home Business and Family.

The truth in any business is that the first few years of starting up can be hard on family life. The strain of an unsupportive family can make it difficult to meet the demands of starting a business. There may also be financial difficulties until the business becomes profitable.

A successful and profitable Home Business is a dream for many people. In order to make that dream into a reality, a certain amount of sacrifice together with careful planning, guidance and perseverance is needed. There is no doubt that you will face a downturn once in a while but all failures are lesson learnt. If there are no failures, there are no success.

"Each business failure showed me what I did not know and what I needed to learn. . . and that learning experience led to the next success." - Robert Kiyosaki

Good Luck!

by Arman Rahman
References and Bibliography

The writer is the founder of - a site dedicated for both new and experienced Home Business Entrepreneurs. Arman Rahman has been in the Home Business and Internet Marketing field since 2001.

Rated:NR/0 Votes
Add To My Article Reading List
Add To My Article Reading List
Print Article
More Article By Arman Rahman
More Article by Arman Rahman
More Articles From Entrepreneurialism
More Articles From Entrepreneurialism
Related Articles and Readings
The 7 Major Reasons Businesses Fail and How to Overcome Them By: Bill Dueease
This year, over 800,000 of the approximately 2,000,000 start up businesses will fail!Nearly 1,000,000 of those remaining will fail within 3 years. Why do so many businesses fail? Many studies show that approximately 98% of all failures occur because of the owners. The other 2% ...
Do You Have This Important Tool in Your Marketing Arsenal By: Sabrina Hinds
Many business owners do not understand the authenticity and validation that a simple toll-free number adds to their business presence.It is particularly important that any business owner whose market is not exclusively local consider beefing up the image of the business with a toll-free number. Even for a business whose ...
No Dollar No Client By: Jeffery Glaze
You are now a business owner, congratulations! You have everything you need right down to the business plan but one thing is missing. Customers. As you sit in the darkness of your living room at night, you wonder how you can afford to advertise and where.The next morning you drag ...
Business Failure The 8 Traps Causing Failure And The One Attribute Which Ensures Business Survival By: Kelvyn Peters
It is estimated that 78% of all small business start-ups fail within the first twelve months years, and long-term survival is likely for only 22% of all new business start-ups.At the same time huge corporations with seemly vibrant trade suddenly close their doors.Why is this so?An analysis of the reasons ...
Coaching Cures The Loneliness of The Small Business Owner By: Dr Gary S Goodman
Recently, I was asked to develop a show for a broadcasting company, and to get an idea of what they're up to, I listened to an archived business program pertaining to sales.Normally, I don't have time to listen to other sales trainers or purported gurus, but it was lunchtime, and ...
The information provided in this article and/or the comments is the sole responsibility of their respective authors and does not necessarily reflect the opinion of  does not endorse any article and/or comments published by our web users unless otherwise noted. 

Member Panel

login to submit articles and more


  • » Active Categories: 419
  • » Active Articles:252609
  • » Active Authors:31915
  • » Active Members: 38222
  • » Statistics Updated:
    - Thu May 7th, 2020 12:50AM EST