| If you are considering pursuing a career in the home | | | | supervision, this may not be for you. |
| based business industry, then you need to find out if it | | | | 2- You will get Not Get Paid for Your Time: |
| may be a good fit for you. The best way to do this is | | | | You will get paid for your efforts instead of your time. |
| to find out the main advantages and disadvantages of | | | | If you are not used to getting paid for your efforts, |
| getting started. | | | | then this may be a very big leap for you. However, in |
| Advantages of Owning a Home Business: | | | | the long run, getting paid for your efforts always |
| 1- Time Freedom: | | | | results in more money than being paid for your time. |
| You will be able to work at your own pace and | | | | 3- You will need a lot of Patience: |
| configure your own time instead of around an | | | | Since you will be going through a learning and growth |
| employer's schedule. | | | | curve, you will need a lot of patience. You will have to |
| 2- No Commute: | | | | give yourself a break and allow for time to learn and |
| You will not have to commute to a job or traditional | | | | grow. Most new marketers expect success soon and |
| business each and every day. | | | | become desperate and negative when things take |
| 3- Burn less Gas: | | | | longer. Great things do not happen overnight. |
| Since you won't have to commute, your car won't be | | | | 4- It Costs Money: |
| needed as much and it won't be putting on | | | | Some people are so used to having a job that doesn't |
| unnecessary mileage and regular fuel consumption. | | | | require any money to start working and earning. Now |
| You will save money. | | | | in the business world, it will cost you money to make |
| 4- No Income Cap: | | | | money. If you are looking for something that doesn't |
| With most traditional careers, there is a cap on the | | | | cost money to get up and running, then you are looking |
| amount of income that someone can make. Based on | | | | for a job and not a business. If you do not believe me, |
| your results in this industry, the sky's the limit as to how | | | | then ask any successful business person and they will |
| much you can earn. | | | | tell you the same. |
| 5- No Boss: | | | | 5- Comfort Zone: |
| Yes you will be able to become your own boss and | | | | You will be required to get out of your normal comfort |
| govern your own activities and decisions throughout | | | | zone. A successful business can become very |
| the prime time of your day. The only person that you | | | | rewarding allowing you to live an extra ordinary |
| will have to answer to is yourself. | | | | lifestyle. Anything extra ordinary requires great leaps |
| 6- Pay Less in Taxes: | | | | and bounds. This undertaking isn't always comfortable |
| Owning a business has its tax advantages. There are | | | | especially in the beginning stages. |
| many different things that you will be able to write off | | | | 6- Sacrifice: |
| which will result in paying less taxes. Consult your | | | | In order to become successful, you will have to |
| accountant or tax specialist to find out what you can | | | | sacrifice other activities in order to make time daily to |
| legally write off with a home business and the | | | | work on your venture. Most people are not prepared |
| percentage. | | | | to sacrifice in order to move ahead. |
| 7- Spend more Time doing what you Love: | | | | 7- One Year Plan: |
| Once you become successful, you will have more time | | | | It can take you anywhere from 6 months to a full year |
| to spend on the activities that bring you joy. | | | | to get your business up to full momentum. This doesn't |
| 8- More Time for Loved Ones: | | | | mean that it will take you that long to start making |
| You will be able to spend more of your time with your | | | | money. You can make money in your very first week. |
| children and other loved ones. This type of business | | | | However, it may take you up to a full year to start |
| can be operated from anywhere with a cell phone and | | | | seeing consistent results. Consistent means that it will |
| laptop access. Blackberries are an asset. | | | | be able to bring in income daily, weekly and even |
| 9- Passive Income: | | | | monthly. |
| Passive income is an income that doesn't require your | | | | 8- Crowding: |
| constant time and effort to be able to earn money. | | | | Since you will be working from home and may live |
| Most professional marketers literally can earn while | | | | with other people, they will not be used to you working |
| they are sleeping. Passive income is leverage and the | | | | from home if you have always been working outside. |
| quickest way to wealth. With a traditional job or | | | | This will take some getting used to both for you and |
| business, if you do not work, you do not get to make | | | | them. Some of them may feel over crowded. |
| money. | | | | 9- Jealousy: |
| 10- Less Stress: | | | | Once you start making good money and acquiring |
| When you become a successful home business | | | | finer things in life, your quality of living will be improved. |
| owner, you will find that money isn't an issue anymore. | | | | Sometimes some of the people in your circle of |
| Most people die from disease that is caused mainly by | | | | influence get a little jealous. |
| excessive stress and poor maintenance of your body | | | | 10- Your life partner may not support you: |
| and mind. If you have enough money you can have | | | | Your significant other may not see your vision and |
| more time to take care of yourself. This will lead to a | | | | may not support you with your new decision. |
| healthier and happier life. The number one cause for | | | | However, if they really love you and trust you, and |
| stress is financial strain. | | | | really understand how strong your desire is, they may |
| Disadvantages of Owning a Home Business: | | | | give you a chance. |
| 1- No Supervision: | | | | A successful home business can be really rewarding |
| Since you will have no boss to tell you what to do, you | | | | but it certainly comes with both advantages and |
| will have to govern how you spend your production | | | | disadvantages. Weigh your pros and cons and take |
| time. If you are not good at working without direct | | | | sometime to decide if it really is the best fit for you. |