When you have taken the first step to strike out on your own with a home based business, it is particularly important that you set a high standard for yourself by setting realistic goals and a solid a plan to work with. It is alright to start your home business on a part-time basis, and is often actually preferable. But while it is o.k. to do it part time in the beginning, you can’t do it in your spare time. You have to work a set number of hours each week if you wish to fulfill your goals. I suggest you have a clear set of standards and protocols set up to guide you through every situation. That is what the successful corporations do and you would do well to follow their proven example. Even though your home business will start out small, you should treat it like a big business. That means detailed planning, properly entity selection and so on. This will give your business room to grow. Think of it as a tree that must be watered until mature. But once mature it may bear fruit for many years and require far less effort to maintain.
If you have made the jump to entrepreneur, you probably know that you are a little different from most other people. This is because there are certain clear-cut differences between employees, the self employed and individuals who are business home owners.
Those who are employees usually seek security. They often feel that they must have a paycheck and believe that being their own boss, investing in their own home-based business is just too risky.
You could even say that they are addicted to getting a paycheck.
People who are self employed, like plumbers or doctors fall into another category completely. They are usually perfectionists who think that they and only they can ‘get the job done right’. But when such a person goes on vacation, so does his income. But as a home business owner, you know that you are cut from a slightly different cloth. Other people may openly wonder how you can operate without the mental safety net of a paycheck. But you secretly know that no job is completely safe anyway.
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