With the recession, companies closing and the incredible increase of unemployment everywhere around the world it is difficult to project ourselves in the future. This situation pushes many of us to use their entrepreneur mind-set and grow a home based business.
To be an entrepreneur is not an easy task. Nobody will tell you what to do, when to do it and most of all how to do it. But one thing is common to all the people who start a home based business is passion, motivation, and rigor! This is not surprising; those are the foundations of all the major industries in our country.
The passion is source of creation:
To create your home based business, you will need ideas of products, marketing, distribution,… For some people these will come naturally and for others it will be hours, days, months of reflection, discussion with others. So, in the first times of your market research you should focus on topic that you like or you have experience in. If you are a fan of golf and practice it for a while, you certainly met some problems regarding the technique or material. Find an answer to this problem and you have a business opportunity. Yes, there are millions of golf players in the world; some certainly met the same issue: they are your potential customers. For technique issue, your products can be video training (cheap and easy to do with a computer and some freeware). If it is material, you can always find a merchant that propose affiliate program, so promote his products and get your commission.
The motivation is your petrol:
Have you ever notice how you can easily complete boring and hard tasks when it is related to a topic you are passionate in? Any business, either home based or not requires time, dedication and most of all MOTIVATION. You will pass through hard time before your first sale/contract/commission, great time when you will make good profits, stress, laugh, and many more. Therefor you need to be motivated to keep your direction and don’t give up. You are the Boss now, so behave like one; I’m not talking about this pain in the *** that make your day a nightmare, but rather the captain of the boat that spray confidence and positivity around him. This is the right entrepreneur mind-set.
The rigor keeps you on track:
Your home based business is not a hobby like the gym club that you start three months before to go to beach and give up afterward. Here, we are talking about what will bring you something to eat every day (and maybe much more), you have to be rigorous in your approach.
- First of all, before to jump in any business, learn at least the basics of the activity to be ready to what is waiting for you.
- Second point, don’t let others put you down, especially at the beginning you will need supportive people around you.
- Know where you are and where you’re going: prepare a plan, work-flow chart, business plan or any other support document that will be your road map and stick to it (you can adjust time to time, following the evolution of the activity and your knowledge).
- Keep record of everything: expenses, profits, costumer and supplier details. You will need it to track your performance (are you really making money?!) and to develop your business network (building confidence with suppliers and trust relationship with costumers).
No, don’t be scared, a lot of people did it before you and many after. A home based business is a great achievement for any entrepreneur and most of the time requires a minimum of investment. The only thing to remember when starting this kind of adventure is to take it seriously and to prepare yourself to any outcome.
Maybe you have already an idea of activity but don’t know where to start, then the internet is here to help you to find some expert in your field that can give you some guidance. But as long as you got the right entrepreneur mind-set, your small business has all the chance to succeed.