Business & Finance Entrepreneurship-startup

The Right Home based Business, Three basic questions you must answer

Are you are tired of the corporate "culture", tired of making someone else all the real money, and would actually like to spend your time on your terms? If you are like most folks, these were some of the main reasons you decided to pursue a home based business. Whether you began part time or went "all in" and quit your regular J.O.B., you may be having second thoughts and that you went from the frying pan to the fire. Regardless, you need to be able to look at your current opportunity and decide whether to retreat and plan again or keep advancing ahead.

1. The first thing you have to ask yourself is, "does the business opportunity I am in or looking at mesh with my personality type?" Are you an pushy sales type? 90% of the public aren't. Are you a detail/follow up type or do you like winging it? Do you need immediate feedback and have to have fun all the time or are you willing to pay your dues for big picture success? Are you more inspired by logic and numbers or do the people you are involved with give you satisfaction and inspiration? The personality type you are will decide whether you go into a particular type of direct sales, a more traditional task oriented job type business, or a particular model of MLM opportunity.

2. Second, you need to examine your current or prospective company or franchise's business model. There is a saying that goes, "the business model determines the business behavior." If your MLM plan pays more for recruiting new members than it does for selling its products or services, guess what? To be a success you must constantly recruit new members. Think about your traditional job, you were compensated based on achieving a certain amount of work in a certain time where you traded your time for dollars. So what did you do to earn your paycheck? You made sure you clocked in and did what you were asked to do, and as you know,did more work for the same pay or a token advance or raise if you were one of the fortunate. Therefore your behaved based on your job's business model. Make sure your home based business plan will let you to be successful as you want and does not have any "glass ceilings."

3. In conclusion, do you have or does your home based business opportunity have a viable support system available? You've heard the saying, "no man is an island." This applies whether it is in your personal life, family life, or your new business, you need proven advice and support. In "Think and Grow Rich," Napoleon Hill talked about a "mastermind group" made up of peers and mentors who inspire and motivate one another to their mutual advantage. There is also an old expression that goes, "steel sharpens steel." Would you rather invest your time figuring out the tedious details of your new business, or would you rather apply the years of experience of a core group of peers and mentors?

So lets sum it up. Does the type business match my personality
type?
Does the business model determine a type
of behavior I can live with and duplicate?
And most importantly, do I have a support
group that can back me up?

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