Many people are attracted to the prospect of quitting their job and starting up their own home based businesses.
The internet provides endless opportunities to do just that. But are you actually ready for this massive step?
Yes, you can work from the comfort of your own home! Yes, you can set your work ethic and set your own hours! Yes, you will be your own boss! But do you have the essential qualities to create your own business and nurture it to success? See how you get on with my checklist below.
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Essential qualities for You to Start a Home Based Business
1. Are you careful with money?
It is extremely important to realize the actual value of money and costs. You need to be constantly aware of how much money you have and how much you are spending. You also need to be able to recognize a real bargain and not be swayed by targeted advertising.
2. Have you always earned money for yourself?
Most people who make a success of a home-based business have always looked for their own way of making money for themselves, rather than rely on hand-outs from parents or guardians. From an early age, they perhaps had a paper round, did odd jobs for cash, babysitting, stacking shelves, or the like. This encouraged hard work, reliability, dedication, and patience, all necessary qualities for the budding entrepreneur.
3. Are you competitive by nature?
Home-based businesses are generally run by those who are competitive – those who have always strived to achieve their set goals as they were growing up.
4. Are you able to take a risk?
Running your own business will at times involve taking risks. You need to be able to trust your hunches and act accordingly. Small risks and steps will be essential as you start – should you place that ad, or make that purchase? Be decisive and be the early bird who perhaps catches the worm.
5. Is your head (or business plan) full of ideas?
You need to have an open mind and be willing to try new ideas and adapt as you move along. New, fresh ideas may just set you apart from the rest.
6. Are you an honorable person?
When you do business with someone, you want to be able to trust them, so as a business owner you need to show reliability and trust so that your clients can build a secure rapport with you. Always display a professional work ethic.
7. Do you value time with your family and friends?
Although many hours will have to be spent creating and developing your new business, it is essential to realize the importance of relaxation, and time spent away from work, to spend with family and friends. This will provide a good balance for you.
8. Do you have a professional outlook?
Although you are not working in an upmarket office or building, from the comfort of your own home, you must always have a professional outlook. Create a realistic work timetable that can be adapted as your business develops and progresses.
To summarise, someone who is ready to quit their job and start a home-based business is a person who is self-confident, careful with money, competitive, full of ideas, honorable and professional, and someone who can set up a good work ethic alongside valuable time spent with family and friends. You need to be dedicated, able to learn from your mistakes, and know when to take risks.
I hope this article has given you some down-to-earth information that will help you make the all-important decision of whether or not you are ready to quit your job and start your own home-based business.