Don't miss the obvious to develop your Home Based Business
Article 5 of the Complete Home
Based Success Formula - Part 2
To develop successful home
One of the
based business opportunities
be, if you begin with your home
an important prerequisite is that
based business and must aban-
you must have or have access
don it after some time because
to the necessary
you either have not the needed
develop your business.
resources or do not have access
The kind of home based business you develop will have an influence on the
final list of resources that will need. Start working on this list. Develop and refine this list as your plan for your home based business is being crystallized.
, as discussed
in the previous articles. I believe, by
now, you have
and the self-knowledge
needed on this journey to a successful home based business.
Legal and related issues
Depending on the country and the physical area where you intend to develop your home
based business, the requirements for legal, licensing, permits and other legalities will differ. I
am not going to discuss it, because the variations will be too much to cover in an article like
The importance of having the necessary working place with the needed
equipment must be
Is it a kind of business
where only an office is
needed or a business
where small scale
manufacturing will take
place? Depending on
this the requirements
will differ. Make sure you have the needed space to operate the business.
If you have customers coming to your premises make sure you have
what is needed to receive them.
You create the image of your
business, so you need the resources and environment to have
satisfied customers that are willing to come back to you and
recommend your business to their friends.
The necessary discipline and routine is
needed of a work en-
vironment if you are
working from home.
The normal house-
hold with the children and the family
nearby can cause
friction because the
requirements are not
To equip the working area will depend on
the kind of business. You will need some
kind of equipment to operate the business.
You will not be able to operate a business from
home on your own. People will be influenced. Make
sure who and how. Make sure they are aware of
your ideas and are willing to help and assist you
when and where it may be necessary.
If you operate an international business you
may have to work hours that is in conflict
with the leisure time or your family or
friends’ time. Are they willing to adapt?
You may have to work different hours to what you have been use to. You may not
be able to honour the regular appointments with friends and family that you have
been able to do in the past.
You may have to receive customers in your house or private area that may cause a
discomfort for the rest of your family.
How will you handle the answering of the telephone? What do you expect from the
rest of the family in this regard?
These are issues that if not handled properly in advance and planned can cause
problems in the development of the business.
You will need a network of
people that can be very helpful
and important developing your
These may be people that you
use as sounding boards to test
your ideas. It may be experts on
law, tax, accounting, marketing,
planning, computer technology,
web site design, and many
Try and think of the support network you do
have now. It will be important to expand this
network in the future to
insure growth in your
Try and find people that
are involved in a similar
or related kind of business. These people can
be very good advisors or
you can bounce your
ideas off them.
The above list of resources and other
related items you will need to develop a
sustainable home based business is not completed
I have given you the above to stimulate
thinking. It is important to understand the
need to plan properly for it.
Some people may argue that it is not important; that these issues will solve themselves;
but I want to warn you that it can be the difference of a lucrative sustainable home
based business and not being successful.