Do I Want A Home Based Business

February 13, 2008 in business, mindset, success
Tags: Dilbert, entrepreneur, home based business, mindset, startup costs, theberryvan, video

Have you ever ask yourself this question? Has someone else ever asked you this question? What was your reaction to either question? Did you wonder what it would be like to have a home base business(HBB)? I have found out there are many things to consider IF you are seriously considering a HBB. This article is in TWO parts – the ‘first part’ will show you obstacles you may encounter in your decision making process. The article is from About.com – Small Business it gives you some information to think about. The ‘second part’ will show you a video of a successful business person. Her testimonial includes “how to build your dream home”. Listen closely — Do you really want a home based business?

PART ONE

Break the 5 Barriers to Starting a Business
From Darrell Zahorsky,
Your Guide to Small Business Information.

Many cubicle workers hate their jobs and secretly wish to start a business. It’s the Dilbert environment with a overbearing boss watching every move and taking credit for good ideas that feeds the dream of entrepreneurship. If ever there was a better time to start your own business now would be it. Entrepreneurs today have access to a wealth of knowledge, a variety of support sources and reduced startup costs.

Break the 5 Barriers to Starting a Business

No Money: Having enough money to start a business is claimed by many entrepreneur wannabees to thwarting their dreams. The reality of a successful business is to bootstrap it in the beginning and accomplish the most critical mission of any startup… finding a customer. Forget the fancy office, the cool CEO chair, or glossy four color brochures. It doesn’t take big dollars to start a small business. Over 48% of the Inc. 500 started their business with less than $20,000.

No Time: Working a full-time job, raising a family, and enjoying a weekend out is the common time-filled life when you work in cubeville. Time is a resource we can control. If you’re going to be a successful business owner, mastering time is key. Startups require sacrifices. You have to be willing to give up the weekends to build momentum.

No Benefits: Let’s face it, stepping out of the corporate world without benefits can feel like walking a trapeze without a safety net. It can be easier for a younger, healthy worker to forgo the health benefits offered by a company. For the Baby Boomer startup entrepreneur, health benefits remain a top concern. Think through your decision, use your spouses plan or consider the optional HSA’s (Health Savings Account).

No Family Support: It’s difficult enough to give up the comforts of the corporate world to start a business. Without the support of your family and friends the journey can be challenging. To win the support of your family take the time to explain the business and build a solid business plan. If others can see how you have taken the time to think it through and minimize the risks, they will be more supportive.

No Courage: Dig deep enough and you will often find the reasons for not starting a business are excuses. The biggest barrier to overcome is yourself. Fear is present in all entrepreneurs. An interview with Tony Magee, the CEO of Lagunitas Brewery, on MyPrimeTime says fear is a strong motivator. Fear drives him daily to succeed. It’s a matter of learning to accept fear as a silent companion you can beat everyday.

Departing from the cube life takes dedication, guts, and a little chutzpa. Millions of business owners have succeeded. Take the plunge today and join the entrepreneurial revolution.

PART TWO

The Penny Trites Story