Joe hated his job. Nothing would make him happier than walking into his boss’s office and simply saying, “I quit!” before he walked out the door at the end of the day. But Joe couldn’t quit his job. After all, he liked to eat. After some soul searching and brain storming, Joe came up with the perfect idea for a home business. So he started the ball rolling, walked into his boss’s office, and joyfully proclaimed those words he dreamed about for so long: “I quit!” With his dream in his head and his heart full of hope, Joe will begin the same journey that so many home business owners begin. He must be aware, however, of the various pitfalls that await him in his journey.
Home business owners must first of all understand finance. The vast majority of business men and women will tell us that to make money we need money. However, this myth has led many into the path of financial destruction, with unpaid and defaulted loans along with broken lives. The first mistake that many home business owners make revolve around their personal finances: they borrow start up money for a pipe dream. Thus the first dollar they make really isn’t...
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