This post is to share my ideas about the
“keys to a successful home based business!”
If you are thinking about or are already running your home based business I recommend that you read these recommendations and determine if they have been considered in your present or future business. My experiences say that these considerations are critical to achieving major success in your own business.
If you have followed my posts for the last few days you will remember that the latest data reveals that only about 3% of those working on the internet have broken even and made as much money as they have invested. Right now some 32 million people are working on the internet without making any profit and wondering why? This is supposed to be simple!
Next you would remember the 80/20 rule where some 20% of the U.S. population continues to educate and retrain themselves in order to be employed successfully. And because they take this action they typically wind up with the jobs.
There are at least three other major considerations regarding business success that I would like to share with you regarding your new or future home based business.
The first major consideration is that to make the 3% or the 20% categories of success above that it will be very important to associate yourself with a team of professionals that can and will give you ongoing guidance and advice as you work to make your business successful. A business is an ongoing process, not an isolated event, and advice, decisions, corrections and actions must be taken daily to assure success and avoid failure.
The second key consideration is for you to have a proven marketing system that will generate adequate prospects for your business so that buyers will generate the sales volume to produce the desired profits to sustain your business. How many buyers will you need at the price levels of your products and services to generate needed profitability? How many prospects will you need to have consider your products and services to produce the number of buyers that you will need? How many prospects will turn out to be buyers?
The final major consideration is the amount of start-up cash and ongoing
working money that you can invest in your business. Do you have $100 to $500 minimum as start-up money and will you be able to invest $100 or more per month in the necessary expenses that any business faces? These are minimum amounts, however unless you can set aside these amounts to assure success I would recommend that you find a way to provide the funds through loans or begin savings now.
I have a very favorite saying that I repeat to myself from time-to-time and that is…”you don’t know what you don’t know” which means to me that you can either work with someone who does know or you can find these things out on your own by experience. It is a lot more fun to follow a successful, proven approach with someone who you can trust and have confidence in working alongside.
It would be a pleasure to work with you if these considerations make sense to you and you are ready to get started. Get in touch with me now to discuss what you want to accomplish! Contact me on email at or call me on
Small Business Consultant