Translate Page To German Tranlate Page To Spanish Translate Page To French Translate Page To Italian Translate Page To Japanese Translate Page To Korean Translate Page To Portuguese Translate Page To Chinese
  Number Times Read : 785    Word Count: 2008  
Categories

Arts & Entertainment
Business
Career
Cars and Trucks
Celebrities
Communications
Computers
Culture and Society
Disease & Illness
Environment
Fashion
Finance
Food & Beverage
Health & Fitness
Hobbies
Home & Family
Inspirational
Internet Business
Legal
Online Shopping
Pets & Animals
Politics
Product Reviews
Recreation & Sports
Reference & Education
Religion
Self Improvement
Travel & Leisure
Vehicles
Womens Issues
Writing & Speaking
 


   

Six Questions to Ask Yourself Before Starting a Home Business



[Valid RSS feed]  Category Rss Feed - http://articlespromoter.com/rss.php?rss=227
By : Daegan Smith    99 or more times read
Submitted 0000-00-00 00:00:00
So you have a great idea that's been playing around in your head for some time. You're pretty sure it will work as a home business and you do want to take the chance at starting a venture earning money from your own efforts. But is this the right time? Are you on the right track? Do you have what it takes? Most of all, are you primed for success? Here are six questions you should ask yourself before you ever start a home business:

Do I have a product to sell?

Dreaming of having a home business is fine but do you have something that people will spend money to buy? One look at aspiring businessmen joining the reality TV show 'American Inventor' will tell you that good intentions aren't always enough to build a business. In fact, there are plenty of ideas out there that might never fly or are just downright ridiculous.

To keep things real, ask yourself if the product you have in mind truly has a market. Look for general needs you can meet or a niche market you can service.

Am I trained for this business and do I have the knowhow?

A good understanding of your business is essential to surviving and ultimately succeeding in your industry. Training and/or experience will go a long way in a home business. The family of Ed and Elisa Lupin, for example, owns a coffee plantation based in Panama. Since the product was something they were very familiar with, they started Cafe Elisa, which offers specialty coffee.

Do I have the right network?

A network of contacts is important because this is your source of information, updates, referrals and sales. A strong contact base can help you build a potentially lucrative home business. If you start a home business as a wedding planner, for example, mainly because you love weddings and have a creative eye, you can't very well hope to succeed if you don't have the right contacts.

Do I have the capital?

It's nearly impossible to go into a home business without spending for something, whether to add to your capital or to use for promotional materials. Do you have enough to cover for these expenses? Are you ready for other expenses that might emerge? Would you have enough to sustain your business until the profits start pouring in?

Are there requirements or laws that I should comply with?

There are home businesses that will require you to apply for certain permits and licenses. In some jobs, you'll also need to complete certain certifications. Check with local agencies and associations if there are laws and standards you need to conform with. If you want to offer quality products and services or at least operate a home business that will not violate any laws, you need to know what these requirements are.

Am I equipped to start a home business?

Think of all your interests and preferences. If you want to start a home business, it has to be something you like, something you truly understand. It could be a hobby you've had for years or related to the job you used to do. Do you have the personality that the job requires? If the business requires selling, do you have the ability to make a convincing pitch? If the home business requires you to do mass production, do you have the means with which to obtain equipment and materials?

As you can see, starting a home business is not as easy as it seems. However, if you have the persistence, the drive and the necessary qualifications, it could be one of the best things you'd have done in your life.
Author Resource:- Daegan Smith Is And Expert Online Marketer
"Wanna Lean The Secret To Making $85,147,717
Per Month While Quickly And Easily EXPLODING
Your Network Marketing Organization by 7,141
People Without EVER Buying Or Calling a
Single Stinking Lead?" Free CD Explains All: http://www.easymlmprofits.com
Article From Articles Promoter Article Directory

HTML Ready Article. Click on the "Copy" button to copy into your clipboard.




Firefox users please select/copy/paste as usual
New Members
select
Sign up
select
learn more
Affiliate Sign in
Affiliate Sign In
 
Nav Menu
Home
Login
Submit Articles
Submission Guidelines
Top Articles
Link Directory
About Us
Contact Us
Privacy Policy
RSS Feeds

Actions
Print This Article
Add To Favorites

 

Free Article Submission

Website Security Test