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Tuesday, December 15, 2009

Why some Home Based Businesses Fail

Late last week we started discussing some reasons why some Home Based businesses fail. The first two reasons we covered were that you need to understand the business you are entering into, and the second topic was that you can't just start and stop the business at will. Today we are going to discuss the thought that you really can't treat your Home Based Business like you may treat your job.

There are many people who get a job just to pay the bills. There is no excitement in going to work every day, there is no joy in doing the tasks at hand, and I am sure that you have met many who just come in at their prescribed time and then count the minutes until it is time to go home again. When you start your own business, perhaps Home Based, or Internet Based, you cannot get that to become successful if you treat it like "any other job". You chose this particular business because at the time you were emotionally motivated and could believe in the particular message this product or service offered. What you cannot do is become complacent about the work involved to take your Home Based Business from the infant stage to a new and exciting income stream. The learning curve will most likely be a bit hard in the beginning because, like with any new job, you are learning the ropes, learning what needs to be done, and learning how to let others know what you are doing.

Once you get over the initial learning process, you need to keep fresh and motivated. If you start becoming complacent and taking the work involved for granted, you may lose your edge to someone else who may offer a similar product or service. You need to keep learning, not just for your sake, but for your customers as well. You need to stay abreast of what is going on in the field of business you are in, and at least follow the events and any breakthroughs that may be occurring. This way, by keeping your knowledge cutting edge, you are providing your customers a great service, you can answer questions intelligently, and you know where to look if you do not have an answer to the question. It is OK to not have all the answers, again, you do not want to appear to be a "know-it-all", but you do want to have the ability to answer questions and possibly anticipate the direction of questions you will get from your customer base.

Another issue with your own business is that you are paid in your own business for results, not just for showing up every day. This is very important to keep in mind when going into business for yourself. There will be days that no matter how hard you work on your new business, you will not make immediate money. But, unlike a regular, hourly job, the time and effort you put into the business will reap rewards far beyond what you would ever earn at a job. You just have to stay focused on doing your best at all times, and understand that the results are where the money is. Most regular jobs will pay you to appear every day, you don't necessarily have to produce results.

The key here is that you have to create a system that works for you and that will successfully sell your product or service. There will be times where the system may not work. The advantage of being your own boss is that you have the power to modify the system so that you produce results that will generate an income. You start with one system that you may have developed or found that looks like it would theoretically work, then you modify it to suit your particular business needs. Once you develop the successful system, make sure it can be repeated so that when your business grows past what you can do by yourself, you can teach others to produce the same results with your particular system.

You need to take personal responsibility for making your business work. If you do not succeed, it may not just be the products you got involved with, you need to take an honest look at yourself personally to determine if there was something in the way you were working the business that may have caused it to flounder. If you take an honest look at what may have gone wrong, you can then go back to your system, modify it and perhaps cause the business to flourish.

Being in business for yourself is not easy, but the rewards are immense. You learn more about yourself, you learn new ways to be successful, you learn more about people in general. In a regular job, you probably don't have to continue to learn and develop. Once you learn the ropes and their system, you can go on, like a robot and complete the particular job you were hired for. By owning your own business, you are on the path for continuous growth and development.

Tomorrow we will discuss three items that will make your business successful.

If you are looking for a Home Based Business Opportunity, please review our website, www.hawgwash.net. We have several opportunitites that may meet your needs, we have opportunities in Legal Services, Waterless Technology, advertising and health and nutrition to name a few. If you have any questions, please feel free to contact us. (In the next few weeks, we will separate the hawgwash.net website into one that sells products only, and another site for the various income opportunities, so you won't have to plow through everything to find what you are looking for)

Until tomorrow...

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