Home Business Startup - Five Things To Conscider When Starting a Home Business

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A home business startup is easy when you have the right game plan in place.  When starting a home business there are a few things to consider before doing so.

Home Business Startup Rule #1 - Know What You Want

People get started in home businesses for various reasons.  To have a profitable business, you first have to have a very clear picture of why your going to do it. What is your Why?  If your why is not big enough, if it's not emotional enough, you wont have the staying power to see it through into a profitable venture.  Ask yourself questions like, "What will you do with the income once you create it in abundance?"  Dig really deep into your why.

Home Business Startup Rule #2 - Know What Kind Of Business You Want To Start

There are endless opportunities in the market, such as franchise startups, Internet Based Businesses, MLM or Network Marketing, or a specialty niche business that you are passionate about.

For most people, the Network Marketing business model is very popular as the cost of admission is low and the payout can be huge.  For every person, the decision will be different.  It has to do alot with business startup financing as well as personality type.

Know what your getting into and have all of the facts before taking the plunge.  Are you good at selling? Marketing? Are you a people person?  Are you internet savvy?  What are your income goals your first year and is that goal obtainable with the business model you have chosen?

In MLM, your in for a 3-5 year ride of very hard work.  In the traditional franchise world, its about the same.  If your looking to get into profit quickly, you may want to consider Top Tier Direct Sales in which it is not uncommon for people to start making $10-$20K a month within their first 90 days.

Home Business Startup Rule #3 - Know What Your Willing To Give Up

What people dont realize is they cant create more income with the same way of thinking they have always had.  You are going to have to give up things you have enjoyed doing on the front end to get what you want in the back end.  There is no victory without sacrafice, however, know that whatever you give up you will get back 100 fold when you get the job done.

If golfing, bowling, softball or watching TV has taken up a lot of your free time, you may have to change those non productive habits into productive business building time to make your home business startup a success.

Home Business Startup Rule #4 - Know How Much Money Your Willing To Invest

The majority of folks in the home business industry, especially network marketing, don't take their businesses seriously.  They feel that what they initially invested to get started is all they have to invest to have a profitable business.  This is the wrong way to go about building an empire.

To become successful, you are going to have to invest your time and money into it.  For MLM, the buy in is anywhere between $100 and $500 to get started, For a Top Tier Direct Sales program it may be between $2k and $20K and for a traditional franchise, anywhere between $250K and a million dollars.  This just opens the doors, then you have to put money into marketing and advertising and other things.  Be ready to invest in your future.

Home Business Startup Rule #5 - Decide That Your Never Going To Quit

When the going gets tough, most people will bail out and look for the back door of retreat.  You are going to have to be tough to make it in any home business startup as times will get tough.  It's like your dealing with a newborn and you have to feed that newborn until he/she is able to feed on their own. It's the same thing in business.  Feed your baby until your baby is able to feed you.

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