Thursday, January 24, 2008

          

Tip No. 1 to Escape the Rat Race: Start a Home Business

Nine out of ten employees have had thoughts of entrepreneurship at one time or another, whether they admit it or not. No matter how great the job and how great the pay, sometimes the pressures of a 9 to 5 job can get to you. Sometimes the idea of being in control, of making decisions solo, of working for as little and as long as you like sends surges of excitement throughout your brain and leads you to daydreaming and brainstorming by your lonesome.

Its not impossible. Some of the biggest companies and the most successful businesses we now know and respect began life as home businesses. Dont believe me? Check out Banana Republics roots.

If youre seriously falling out of love with your job, finding less and less joy in working and the thought of looking for another employer freezes you from head to toe, then maybe those dreams of entrepreneurship might just work for you. If you earnestly believe this is your path, then here are a few tips to keep your fires burning.

Got the dream? Make it work.

You are only a king in your dreams. When you wake up, there wont be a throne waiting to catch you when you fall. While dreaming is an excellent way of generating ideas, it really will earn you zero dollars if you dont see if they actually work. Visualizing yourself enjoying the fruits of your home business may prepare your mind for future achievement, but in the end it is your hands that will determine whether your dream will work or not.

Have a plan

Plans are the blueprint of your dreams, the closest you will get to touching them at this point in time. Dont be afraid of lists and make one detailing your personal characteristics, abilities and weaknesses. Break down your dreams into smaller bits and match your abilities with those units. This will let you see what you lack in terms of preparation and resources.

List down as many sources of information and supplies as you can and try to get what you need day after day. You may be approaching your dream home business in small increments, but this means youre moving forward. And moving forward means progress.

Use what you know

The old adage, work with what you love and the money will follow is only true if you go in with enough skills and knowledge about your service or product. The entrepreneurs who actually became success stories while claiming zero to little knowledge of the business are more the exception than the rule.

Accept what you can and cannot do and concentrate on tasks that can make effective use of your abilities. As for aspects you know little or nothing about, get help.

Seek an alternative

Sometimes you just really want to test the waters, so to speak. Its not really the fear and apprehension, but its more likely that you have no idea what the risks will be until you actually expose yourself. If you dont want to take a full dive, then go part-time.

Getting a feel of the business part-time will allow you to experience its operations without too much risk while giving yourself the opportunity to push your business using a hands-on approach. Plus, theres less apprehension factor since you have the assurance of your full time job.

Learn from the masters

If possible, get someone to teach you the ropes. Even the best sources from books, magazines, the internet and graduate schools will not be enough to help you survive the shaky initial stages of building your home business. Learn from someone whos been there, do your research, ask questions.

Seeing green

The prospect of earning unlimited income is probably one of the most attractive possibilities in setting up a home business. After all, you will be your own boss. Every single cent you earn from your little venture will go to no one elses pocket but yours. But when it comes to earnings, its worth knowing that you need money to make money.

It is also important that you keep your expectations to a realistic minimum.

To the brave belongs the prize.

Youll never know what youll get until you do it. Possibilities can only be turned into opportunities if youre willing to have a go at it. Luck and feng shui may calm your jitters, but they wont do much for you if you just sit around biting your nails. If you want it hard enough, then make it come true. Your dream home business can only materialize if you and no one else, make it so.

Thomas Salathe:Fallon Blog44071
Vitoria Blog61671

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