Many people love the idea of working from home. Not having your boss looking over your shoulder all the time, making more money than you ever could in an office, and having complete freedom over your time are enticing to say the least. However, it's not all easy. Many businesses fail. In the beginning, you are going to work some long hours and not see a single cent. However, if you keep at it, you'll find that motivation and determination are the most important ingredients. If you're ready to get started, then this is what you need to do.
First of all, you need a work space that is separate from your home life. Don't plan on using the dinner table, or the coffee table in front of the TV set. Use a separate room if you've got it. That way, whenever you're in that room, you'll have your game face on and there won't be any distractions. Make sure to explain this to all your family members, so they know that this room is off limits.
You absolutely must find a business that you believe in. Even if everybody on your block is making millions of dollars selling carpet cleaning supplies, don't go into it unless you really enjoy and believe in the product. You're going to be spending ten hours a day thinking, feeling, and breathing the product, so make sure it's one you don't hate.
You're going to need some money. Sure, there are stories of homeless people who started a business out of an alley with only ten cents, and became rich within a couple weeks, but these are few and far between. And they're usually overblown. Many stories of people who started out with nothing and then became rich aren't usually what they seem.
Often times these people have a support system, like a spouse or parents who are earning some cash. So make sure you've got somebody who's going to be paying the bills while you're getting started, or make sure you've got enough cash to last six months to a year. That's how long it may take you to start earning a profit.
If you've got a decent business plan, and decent credit, then it may be possible to get a business loan. Just put together a plan, and go knocking on some doors, so to speak. Visit every bank in your neighborhood. If they turn you down, ask them why, and then reformulate your plan. Avoid quitting your job until you've got the funds to get started.
You will need some specific goals, both long term, medium term, and short term. Obviously, your long term goal is to make X amount of profits. Your short term goal may be to make your first sale. Your medium term goal may be to make the same amount of sales two months in a row, or show three consecutive months with an increase in sales. Without goals, you have a slim chance of succeeding.
You always need to readjust. Every couple of months, take a look what's working, and what isn't. Do more of what is, and less of what isn't. That way, you'll continually improve yourself.
So you see, it's really not hard starting a business. Choose something you believe in, get some capital or some support, and get going. No matter what, never give up.
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