John McRae | biloxi0625

5 Ways to Tell You Are Not Ready For a Internet Home Business

Mar 22nd 2011 at 5:36 PM

There are certain characteristics that are essential to successfully running your own Internet home business.  While you don’t have to be great at all of them, you do need to recognize your potential weaknesses and create a strategy for overcoming them.  There is a reason that most people will never try to start their own business.  It takes a certain kind of person to willingly throw away a steady paycheck and strive for more.  Running your own business is like walking a tightrope without a safety net.  If you fall, it is a long, painful drop.  On the other hand, if you are successful, the rewards are endless.  Here are 5 characteristics that will make or make your Internet home  business.

1.You Have to Be the Best

This is a characteristic that most people would assume that a business owner needs to have.  While having self confidence is essential, having an inflated ego can be self-defeating.  There is no way that you will be the best at every aspect of creating and growing a home based business.  The best way to improve your home based business is to surround yourself with people that are smarter than you.  If you are always learning more and improving your skill set, your home based business will grow with you.

2.You Have to Stick to Your Plan

Having a business plan is essential.  Without a short and long term strategy, there is little hope of staying in business for very long.  At the same time, you also need to be able to think on your feet.  Business plans are great, but you have to know how to handle unseen scenarios.  If you go into crisis mode and it ends with a lot of screaming, then you are going to cause more problems than you solve.  Every business will go through their fair share of crisis moments and the successful businesses are the ones that know how to get past them.

3.Everyone Has to Like You

If you are the owner of a home based business and you feel compelled to make everyone like you, then you are going to have a lot of problems.  This is especially true for people who will primarily working online and may never meet their staff face to face.  You are the owner and you decide the future of your business.  This includes deciding who is hired, who is fired, and how every dime is spent.  Either you will give in to what everyone wants, which will rarely be in the best interest of your business, or you will never choose sides when a conflict arises, which means that nothing will ever get decided.

4.You Want to Do It All

Running a home based business is great because you get to do a variety of different things, however this doesn’t mean that you should be involved with everything.  Delegation is essential to long term growth.  No matter how hard you work, you only get 24 in a day and only 7 days in a week.  This means that you have a finite amount of time to get things done.  If you can’t delegate then you will end up falling behind your competition.  If you are paying someone to complete a task for you, then you need to trust them enough to get it done correctly.  If you don’t trust them, you shouldn’t hire them.

5.It’s All About the Money

There are a lot of benefits that you can gain from running a successful home based business and money is definitely high on the list.  Unfortunately, if money is the only benefit that you are getting, then you will burn out eventually.  Money can only motivate you so far because at some point, it won’t be worth it.  Once you start to get ahead, you will lose motivation because you have “enough” money.  When you motivation leaves, your business will stagnate and eventually start to decline.


Please to comment

sign in

Remember Me

New to IM faceplate? join free!

Lost Password? click here