Thursday, March 15, 2007

Three Common Obstacles When Starting Your Home Business-And How To Overcome Them

Starting your own Home Business can be an easy decision to make but not one that is always easy to stick with. There are many obstacles that will test your faith in the system that you are working. This may ultimately lead you to question yourself and your new career choice.
These slumps will actually ‘make or break’ your online success and your companies if you are not prepared for them. How you react to these obstacles will set you apart from the next guy. If you are able to go into your new venture with a plan and have solutions to the problems that you are able to for see, then you will be starting with a solid foundation.
Three common obstacles that you may face when entering into the online industry are:

1) Lack of Money-
This is an issue that most will encounter. Especially when a lot of times people are looking to work from home to supplement their income due to lack of money. Yet we have all heard the saying “It takes money to make money” and this couldn’t be more true when starting a Home Business. My mentor once said, that if you were to purchase a McDonalds franchise, they wouldn’t give you the restaurant then wait for you to make money before they expected to be paid! Owning and operating your own Home Business should be thought of the same way. I know that there is a lot of negative press in regards to investing in a work from home opportunity before you yourself is paid. But I don’t know of a single business that doesn’t require funds to start up. This is the same mind set that you need to have in order to get passed this hurdle. Also recognize that any money put towards your business is tax deductible. A word of caution though: before purchasing any program, check for 100% money back guarantee.

2) Afraid of the Unknown-
Trust me, I went from occasionally surfing the Internet and checking and sending email, to building and maintaining my own website! I knew absolutely nothing about HTML and was quite nervous and intimidated at first. That was before I discovered all the wonderful resources and bounty of information available online. You can find answers to almost anything these days right at your own fingertips! Not to mention the many Forums and Discussion Boards that are full of like-minded people doing exactly what you are trying to accomplish. If you are someone that doesn’t respond to reading pages and pages of material, perhaps hiring a student or tutor from a local college would give you the head start you need to jump start your business. For myself, I went through four ink cartridges with my printer! I actually printed so much valuable information that I was able to create textbooks to study and refer back too. This also helped alleviate the eyestrain that goes along with reading hours of text from a computer screen! If you’re too impatient to print for hours, then there is loads of literature and books available at your local bookstore on any subject you desire. There are also plenty of eBooks online and programs that you can purchase to help you along.

3) Afraid of Failure-
It takes willingness, passion, discipline, and a lot of hard work to commit to working from home. Anyone who tries to tell you different would be mistaken. You have to exercise time management and have the determination to stay on track. Try and decrease the distractions surrounding you by creating an environment that will enable you to focus. What works for me, might not for you. You need to find your ‘niche’, and then stay consistent. You also need to recognize that working from home can prove challenging and that sometimes before success there is failure. Being able to learn from your mistakes can be the best lessons. Before those mistakes prove costly, make sure you do your research on the company that you’re interested in and all that is required. Understand that we are all afraid of failing, but if life didn’t have risks it would be pretty boring and there would be a lot less successful entrepreneurs around the world.

Committing to work from home can sometimes be challenging, but it can also be extremely rewarding. Enjoying the freedoms that staying home provides, outweighs any obstacle that I have encountered. Stay positive and you will be on your road to success!

And always…keep your eye on the prize!

Written by: Tammy Akmens
http://www.liveworkathome.com/


14 comments:

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Thanks,
Wilson

Own a new business

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