Building a Successful Home Based Business – Part 1

Why People Start A Home Based Business

People have big dreams of starting their own business but most of those dreams fail to materialize as the result of lack of knowledge, lack of skills, lack of commitment, lack of capital, lack of a realistic business plan, or poor cash flow.

Lets examine some of the most compelling reasons for starting a home based business.


High regional unemployment rate

• There just aren’t any good paying jobs where you live

Not Qualified

• You lack the required education
• You lack the required experience
• Maybe you have been in trouble with the law
• A bad credit rating can prevent you from getting some jobs

Job Dissatisfaction - You are just not happy with your current job for any number of reasons:

• pay
• poor benefits
• not what you want to do
• health and safety concerns
• moral conflicts
• hours
• coworkers
• the work
• stress
• management
• office politics

 
You have a bigger purpose in life

• You have a burning desire to be your own boss
• You have interests and ideas that you want to pursue

Family commitments

• You have young children to care for
• You have a spouse to care for
• You have elderly to care for
• Poor personal health

Personal Financial Crisis

• You lost home equity during the housing crisis
• You lost in the stock market or 401k as result of the housing crisis and the market aftermath
• You lost your good paying job
• Your company has cut back or eliminated bonuses
• You have had to deal with large medical bills

 

Supplemental Income

• You like your job just fine but your pay isn’t enough to meet your lifestyle needs or even to meet basic needs

Upcoming Retirement

• You want to be able to retire early
• You are concerned that you don’t have enough retirement savings
• You want to have a hobby for retirement and making money from your hobby would be a bonus

Lifestyle

• You want to set your own hours
• You want more time for your family, friends, and hobbies
• You want to travel and be able to work from anywhere

Watch for Part 2 of this series – coming soon!

Whether you are struggling with your network marketing endeavors or are looking to start a home based business from scratch I highly recommend that you register for this free webinar and decide if the training package offered is right for you. It was for me and the results have been astounding.

About Author:
Welcome to the virtual office of Wayne and Marie where we manage our home based businesses. Our offerings include advanced training in Network Marketing and Lead Prospecting as well as the opportunity to participate in our most successful Multilevel Marketing (MLM) and Affiliate products. For more information: http://simplifiedmlm.com