Philosopher George Santayana once stated, “Those who cannot learn from history are doomed to repeat it.” We see this repeatedly in military history, political history, and personal history. When we fail to learn from our parents’ mistakes, we make the same mistakes. Thus we see things like higher divorce rates among children of divorcees. This principle applies to life in varied aspects. In the realm of home business, it serves the same purpose. Those who fail to learn from the history of home business are doomed to repeat some of the same mistakes. So what fatal flaws do we see in the history of home business?
The first fatal flaw which comes to mind involves Egyptian architectural structures. That’s right, the pyramid. Several people have heard of pyramid schemes, but few can explain them, and only those hurt by them truly understand them and their potential for damage. Consider this scenario: a family with small children, strapped for cash because their jobs simply do not allow them to care for their family in a lifestyle they desire. So they hear about this great opportunity. All they must do is sell a product. Furthermore, if they can sell...
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