Hundreds of millions of people start each day hating what they do for a living. Some of these dissatisfied workers are professionals, supervisors, service workers or administrators. Operating profitable home based businesses could be the answer to anyone who can keep a job and pay his or her own bills.
Too many dissatisfied workers wish there was way to quit the jobs they hate for the promise of becoming their own boss and having profitable home based businesses. Quitting your job, for most, their only source of income and relative security, can be a decision everyone they know will regret for a very long time.
I dont know of anyone that quits their job and plans, if the business isn’t successful, to borrow operating capital and money for living expenses from friends and family. No one wants this to happen, everyone wants to have profitable home based businesses. But this is what happens way too frequently.
Half of all business ventures fail in the first five years of operation or sooner. Why? Their businesses failed because they didnt have enough money to operate their business and to take care of themselves and their families. What can be done to prevent this? Money must be saved and a realistic business plan must be written and followed. A business plan and investment capital are essential to profitable home based businesses. A business plan tells you where it is you are going and how you plan to get there, while the money is the vehicle to actually get you there. You cannot operate profitable home based businesses without both of these cornerstones in place.
There are no profitable home based businesses that will produce enough income to support your family without significant time investment. Even profitable home based businesses that are Internet based require an investment of your time. A business is a business, regardless of where it is the business is located. It must be treated like a business and not a hobby. Businesses require time and money to operate successfully and profitably, and anyone that tells you differently is not being honest with you.
A typical rule of thumb – if a home-based business opportunity sounds too good to be true, it probably is. When considering a basic formula to having profitable home based businesses, any home based business venture requires an investment of your time. One of the first steps to consider when dealing with time is to pay close attention to your schedule and to manage your time effectively. There are too many things to be distracted by when taking on a home business. Profitable home based businesses have a similar approach to time management. Prudent time management makes operating profitable home based businesses easier. It helps you to remain clear and focused on your goals, and it helps you stay away from those very appealing distractions.