With the advent of the internet and the reality of the economic situation around the world today millions of people are going the way of being self employed. Many step out to start their own businesses but unfortunately, this decision costs them money, time, confidence, and even heartbreak most of the time. The Small Business Administration (SBA) reports an estimate of 580,900 new small businesses being opened every year. Of course, this number does not include the self employed one-person entrepreneurships that pop up all the time mostly online.
The report further states that of this number, two-thirds survive at least two years and 44 percent survive at least four years. So, why this high rate of failure and what route can any one who desire to be self employed working from home do to succeed?
There are definitely thousands of legitimate home based businesses that any one who wants to be self employed can choose from. But the truth told is that your success in working from home does not depend solely on the home business opportunity you pick. Neither is being fed up with office politics and desiring to be self-employed, enough. There are specific steps you must take to realize your dream of being self employed running your own business. This does not mean you’ve to understand everything before stepping out to start your own business. All you need is the basics and as you go along you simply need to build on what you know and dedicate yourself to learn more. So if you will truly want to join the group of the successful home business, self-employed entrepreneurs, all you need is to concentrate on answering the following questions. Get yourself a pen and a paper or create a blank note pad on your computer and provide answers to these questions.
Step 1: What Is Your Business?
This definitely is the first question you need to answer. But unfortunately it is a question that is not easy to answer for many. You must know that your business is not just your product or the service you offer. You should be able to define your business in the light of what benefit your product will give your customers. For example, think about the clothing business. When your customer buys a T-shirt their mind is not just on the T-shirt, they are buying an image, a feeling. So when you’re thinking o






















