There are more and more people looking at starting a home based business in 2011. The home business industry has gained a lot of popularity over the last couple of years and it’s only going to get bigger. One that people don’t know is that there is a 98% failure rate in this industry. However, there are certain things you can do when getting started to help you avoid that.3 Steps To Starting A Home Based Business The Right WayStep #1 – The first thing you need to do when you are considering starting a home based business is to prepare yourself mentally. There is a big misconception when it comes to this industry and that is people are made to believe that it’s really easy to get rich with a home based business. So when people look to get started, in their mind they believe that it’s going to be really easy and not require much work. Once they find out they actually have to do a little work, they quit.You can get rich in this industry, and many people do. But you have to be willing to work hard. Now, you don’t have to work 40 hrs per week like a regular job, and you control how much you make so the sky is the limit as far as income potential, but some work is required. Treat your business like a business, not a hobby or a job. Going into business for yourself will come with struggles, so be prepared mentally to rise to the challenge and get through them, instead of quitting when it gets tough. The successful people in this industry have the desire and willingness to do whatever it takes to become financially free, and that’s why they are.Step #2 – The next thing you need to do is find the right opportunity. With so many different opportunities out there right now, this can be a little difficult. To narrow down your options and make it easier for you, here’s to qualities you should look for in home based business opportunity. 1. Training, Support, and Guidance. 2. A Complete Marketing System. Starting a home based business with these two qualities is a must for the best, fastest chance at success.There is a lot to learn in this industry and you will not be able to just know what you’re doing day one. One of the biggest reasons people fail in the home business industry is because they don’t have anyone to show them exactly what to do and how to do it. Training & support is essential to your success. A complete marketing system is also essential to your success because it will eliminate all of your trial and error (which can be time consuming and very expensive). If there is a system in place that others are using and it’s working, all you have to do is plug into the system instead of trying to figuring it out on your own.Step #3 – One you’re ready mentally and you’ve found the right opportunity, now it’s time to take consistent action towards your success. You need to make a commitment to yourself that you are going to go at this opportunity with 110% of your effort. Make a schedule for when you can work on your business, an stick to it. If you can only work your business 2 hours per day, stay consistent and work two hours per day. If you can do more, great. The bottom line is to just stay consistent.Starting a home based business in 2011 could be the best choice you make for yourself and your families future. Use these three steps to help you get started the right way, and then from there, stay focused, stay consistent, and don’t give up. These three steps will get you up and running, but it’s up to you to keep it moving.
Commercial Auto Insurance for Your Home Based Business
Having your own home based business can be a dream, but are you protected? Many people remember to purchase business insurance, because often a home based business is not covered by a homeowners insurance policy. However, were you aware that your auto insurance may not protect you if you are driving for your home based business?The first thing you should do if you have a question about whether your individual auto insurance covers you for the business driving that you do is to discuss the type of driving performed with your insurance broker. However, if you do significant amounts of driving for your home based business, you have others that do driving for you, or you own a business related vehicle, you will probably be encouraged to purchase commercial auto insurance for your home based business.So what does commercial auto insurance for your home based business cover? Basically, it will offer you the same type of coverage that your individual policy offers. Liability, collision, comprehensive, personal injury, and uninsured motorist coverage are all normal aspects of your commercial auto insurance policy. However, if your employees driver their own cars for your business, you can obtain a “non-owned” endorsement to your commercial auto insurance for your home based business. You will want to sit down with your auto insurance broker to make sure you have all the coverage you need.Make sure, though, that you remain a smart and savvy shopper for commercial auto insurance for your home based business. You need to make sure you obtain at least 3 quotes from different auto insurance companies so that you can compare price and levels of coverage. Discuss your situation with a broker rather than an agent so that you can obtain more than one quote in a single sitting.You will also want to check the financial stability of the companies you are considering, so check with A.M. Best, Fitch, or Standard and Poor’s to make sure you commercial auto insurance company is highly rated. Finally, check with your state insurance department to check consumer complaint ratios and obtain recommendations from other business owners.Read the rest of the article here: Commercial Auto Insurance for Your Home Based Business.Download the Home Based Business Manual (Free $97 Value!) and receive valuable tips, strategies and techniques designed to grow a very successful Home Based Business.
Starting My Home Based Business
Less than a year ago I started a home based business. It was scary. I had never done anything like it before in my life. I asked myself questions like: Will I be motivated enough to work from home? Will I be able to tone out distractions from my roommates? What will I do if this doesn’t work?I’m sure if anyone has started a business or anyone who has even thought about it has doubts and asks questions along these lines to themselves. Well these aren’t bad things to think about and its actually good to ask yourself questions before starting a business from home.Time is a big part of a home based business. You probably want to start your business so you have the time and freedom to do more things in your life. Spend time with family and friends, vacation more, whatever the reason everyone wants more free time. The hardest thing for me to grasp when I first started my home business was time. I started it to have the freedom but the beginning stages have a home based business are when you need to spend the most hours. Before getting started ask yourself if you are willing and motivated enough to put in the extra hours to jump start your business.Income is another big part of starting any business, even more for a home based business because you need to decide if you are going to start out full-time or part-time. If you start full-time then you probably wont have another income other than your home business. You may want to start part-time and once you start bringing in income then go full-time. You need to also put in play things like health insurance for you and your family. You don’t want to get stuck in a problem before its too late.Another question to ask yourself before getting started in a home based business is if you have a support system to get you through the hard times. Starting with a friend or business partner may work so you can work together. You may want to have a support group. This can be family or friends or even a network of other home based entrepreneurs.When starting your home based business take time to ask yourself questions. Doing so will help you out in the long run and you’ll be glad you did when you have a problem but already thought of a solution before it came.