THE ENTREPRENEUR Vol.1 Post 8

Avoid These 5 Deadly Mistakes When Starting a Home Based Business.

I believe you will like to start that is if you have not started already an internet home based business. However, you may not know where to start from or how to even start.

Despite the fact that there are lots of business opportunities on the internet does not make internet home based business any easier. In short, starting a home based business can be crushing and puzzling for the amateur.

But I can assure you that you can easily succeed if you avoid some common mistakes which people make.

Let’s take a look at some of those common mistakes that people who are starting a home based business commonly make...

1.  Preparing No Plans & Objectives.

Most people start their business without a plan, and this can really be an expensive mistake (I’m talking out of experience). I remember I was among the group of people who do not believe in writing business plan especially for small businesses. I never knew was wasting my time.

It is very essential to take the required time and effort to plan the business and clearly state the objectives you intend to accomplish. Do not just treat your home based business like a hobby if you really want to achieve much.

 2. Thoughts of making money overnight.

This is a very common misapprehension which people especially start-ups and entrepreneurs have, which is also the reason why many of these upcoming entrepreneurs fail and give up easily. Your online home based business should be taken like any other business. You will need to apply the necessary effort and dedication to make it really work. 

3.  Believing that your online home based business doesn't need any capital.

There we have it again: another misconception. To be sincere with you, you are actually deceiving yourself if you think you can start and develop a business without spending a dime. Do you think all the resources you will need to start and grow your business will come to you for free? Then you better go and look for a job and get employed. Though it varies with the type of the home based business you want to set up, you would need some initial resources that you have to invest in the business.

 4.  No market study before creating a product or starting the business.

Still another very common mistake. For your home based business to be successful, you will need to have a market for whatever you will be offering. One of the most essential factor that determines the success of your home based business is demand for your product. Therefore a current market size and future potential of the product or service is very crucial.

 5. No focus and commitment.

Your new business will need a lot of effort, focus and commitment for it to succeed, particularly the first two years.  You must therefore be equipped and prepared to give your business the time and commitment it deserves.

If you avoid these 5 mistakes outline above, you will succeed with your home based business.

Watch out for my next post. Drop a comment.

THE ENTREPRENEUR Vol.1 Post 7

WHY WRITE AN EBOOK pt1

It's not true that everything that has been said has
already been written. Since that unfortunate axiom
came into use, the whole universe has changed.
Technology has changed, ideas have changed, and the
mindsets of entire nations have changed.

The fact is that this is the perfect time to write an
ebook. What the publishing industry needs are people
who can tap into the world as it is today - innovative
thinkers who can make the leap into the new millennium
and figure out how to solve old problems in a new way.
Ebooks are a new and powerful tool for original
thinkers with fresh ideas to disseminate information
to the millions of people who are struggling to figure
out how to do a plethora of different things.

Let's say you already have a brilliant idea, and the
knowledge to back it up that will enable you to write
an exceptional ebook. You may be sitting at your
computer staring at a blank screen wondering, "Why?
Why should I go through all the trouble of writing my
ebook when it's so impossible to get anything
published these days?

Well, let me assure you that publishing an ebook is
entirely different than publishing a book in print.
Let's look at the specifics of how the print and cyber
publishing industry differ, and the many reasons why
you should take the plunge and get your fingers
tapping across those keyboards!

Submitting a print book to conventional publishing
houses or to agents is similar to wearing a hair shirt
24/7. No matter how good your book actually is, or how
many critique services and mentor writers have told
you that "you've got what it takes," your submitted
manuscript keeps coming back to you as if it is a
boomerang instead of a valuable mine of information.

Perhaps, in desperation, you've checked out
self-publishing and found out just how expensive a
venture it can be. Most "vanity presses" require
minimal print runs of at least 500 copies, and even
that amount will cost you thousands of dollars. Some
presses' minimal run starts at 1,000 to 2,000 copies.
And that's just for the printing and binding. Add in
distribution, shipping, and promotional costs and -
well, you do the math. Even if you wanted to go this
route, you may not have that kind of money to risk.

Let's say you already have an Internet business with a
quality website and a quality product. An ebook is one
of the most powerful ways to promote your business
while educating people with the knowledge you already
possess as a business owner of a specific product or
service.

For example, let's say that you've spent the last
twenty-five years growing and training bonsai trees,
and now you're ready to share your knowledge and
experience. An ebook is the perfect way to reach the
largest audience of bonsai enthusiasts.

Ebooks will not only promote your business - they will
help you make a name for yourself and your company,
and establish you as an expert in your field. You may
even find that you have enough to say to warrant a
series of ebooks. Specific businesses are complicated
and often require the different aspects to be divided
in order for the reader to get the full story.

Perhaps your goals are more finely tuned in terms of
the ebook scene. You may want to build a whole
business around writing and publishing ebooks.
Essentially, you want to start an e-business. You are
thinking of setting up a website to promote and market
your ebooks. Maybe you're even thinking of producing
an ezine.

Thanks.
 
Watch out for my next post.


Feel free to post a comment or a question… your comments and questions will help me serve you better.



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