When we are making a final determination as to whether we could set up a successful home business we should really ask ourselves the following:
If we were our own boss, would we really do the work we need to do? Will we keep working diligently even though at first (and maybe for quite some time) we will not be paid? Will we be able to keep investing our time and effort and maybe a few dollars into our business for an extended period without seeing any return on investment? Will we be able to keep from feeling discouraged through this period?
You will need to be down in the trenches until you get everything set up, including some trial and error. The ‘magic sauce’ doesn’t sound very glamorous from this vantage point, does it? This is why you have to maintain a positive mindset. The work and sacrifice are exactly what makes the difference between make it or break it and not just at start-up but going forward as well.
So there is no point in wasting your time and other resources to start something you won’t be able to finish. That is why it is such a good idea for you to explore the possibilities first. Don’t forget that there are some business models that you may like more than others. So try a few on for size before you decide.
Also think about the goals you want to achieve if you do go into creating a home business. Do you just want to supplement your income with some extra cash? Do you actually badly need to bring in more income as what your job provides is not sufficient for a nice lifestyle?
Did you lose your job and now need to find a way to support yourself? (In this case it is probably advisable to get at least another part-time job first ) and work on your business start-up part-time (unless you have savings, severance pay, and/or unemployment insurance to tide you over). You have to have living expenses while you are developing your business.
Contrary to popular wishful thinking, starting a business is not going to generate income immediately. It needs to be developed over time with lots of effort. Just think logically – if we could send out 10 emails and then sit back and wait for the cash to roll in, why wouldn’t we all do it? The answer is because nothing like that exists (legally). It is more like 100’s of emails on a consistent basis over time that might produce some cash.
So do you think you can do it? I bet you can if you can maintain a mindset that is determined and motivated.