This morning I was listening to the radio and the news reporter indicated that 75% of respondents (3 out of every 4) have contemplated developing their own business. More than 50% of the respondents said they hoped to actually act on their dreams within three years.
When it comes to home based business there is no lack for interested individuals. However, there needs to be significant research and thought into how to fund and operate the business in order to give it the best chance to succeed.
Sometimes home businesses begin as a result of an enthusiastic coffee conversation. The infusion of caffeine often provides the artificial boost that convinces an individual their business idea is not only a good one, but one that will result in significant wealth.
One of the best rules of thumb when developing a home-based business is to save (accumulate) up to a years worth of capital to operate the business. If you can get past the first year you have a much stronger chance of survival.
If youre married you should consider asking for the opinion of your spouse. Often a spouse can help put the business idea in perspective, they may also caution a more even...