Working from home has its ups and downs, but some people seem to thrive at it, while others flounder and fail. Here’s a list of some of the top mistakes home-based businesses make.
1. Lack of motivation.
2. Trying to run an equipment or retail-based business out of a home.
3. Spending more than you bring in.
4. Lack of promotion.
5. Poor recordkeeping is a mistake that dooms many home businesses.
6. Not paying bills on time.
7. Choosing the wrong business.
8. Treating the business like a hobby.
9. Falling for scams.
10. Spending too much on supplies and services.
Go here to see how you can avoid making the same blunders.
Photo by svilen001.
Top 10 Mistakes Of Home-Based Bizs
May 13, 2008 by Rich | 2 Comments
In Strategy, Telecommuting, Work at Home
Reginald on May 13th, 2008 at 11:36 am
I agree with all ten specifically named mistakes made by home based businesses.
I feel that a lot of thought and research should be placed on the topic of whether or not an individual should start a particular type of home business.
Self-employment is no longer the far-fetched dream of a small percentage of the working class.
There are some business experts who say that now is the time to invest in your own business.
With numerous business consultants predicting that the stock markets are in for a rough ride, an online business with its lower costs appears to be the more sensible choice.
Well-known journalist and television host, John Daly, utilized his expertise to create an online series of interviews with creators of online marketing programs with a track record for turning some people into millionaires.
The obvious benefit of this approach is that individuals actually get to see and hear the people behind these successful programs. ‘The Real Money Show’, http://www.realmoneyshow.com, is designed to help anyone, with the interest, to find an online business well suited for them and give them the opportunity to live the lifestyle they decide.
The credibility of this online resource is reinforced by the fact that ‘The Real Money Show’ does not endorse anyone or any particular program.
These five to ten minute interviews allow people to read, watch, listen, and make an educated decision.
Ben Jones on May 14th, 2008 at 5:05 am
Dane,
I can agree with most of them too. I think that most of them will apply to any type of business(noy just home businesses). I actually wrote a similar post a while back. It was called Ten Commandments to Surefire Home Business Success!. My post is a little more in depth but I used some of the same tips that you did.