Home Business Tips – Is It Best To Work At Home Or Outside?May 30, 2019
80% of home business owners fail and quit within the first year and 80% of that remaining number will depart from the home business niche every single year. So, statistically speaking, out of 100 people who start their own business, in the first year, only 20 are left. Then 4, then 1. Scary numbers, indeed.
I’ve encountered my fair share of skeptics along the way. I’ve had many people discourage me and say that owning a business is risky and that getting a job is the more ‘secure’ path to earning an income. Well, that is changing now! Job security is becoming harder to find. The truth is, in a day job, your employer holds the cards not you! If the company decides to downsize or close their company down or move their company elsewhere, you’re out of a job. Moreover, I’m pretty sure you don’t like waking up to an alarm clock, traveling in rush hour traffic and having to answer to a grumpy boss.
Find a business that is right for you – Working from home is going to be just like having a regular job, except that you are in charge of what tasks you’ll be performing, what hours you’ll be working and how much income you bring in.
Lance Armstrong won the Tour de France seven consecutive times because he worked harder than his opponents. He rode his bicycle for six hours empresas queretaro a day committed to a stringent diet and had a mental toughness that propelled him to the top of the sport. Individual sports can be incredibly liberating. If the star player on a failing basketball team decides to take up marathon running, they are no longer bound by the talent of their contributing members! Their success is up to them! In many ways, however, this can be unbelievably intimidating and pressure filled.
In last month’s newsletters, I talked about why it’s important to not to make price the central theme of your business, but that was for your residential customers. Commercial is a whole different ball game. That’s one of the twists I referred to earlier in this article.
The next thing you need to do is research… BEFORE you choose a product or build a website. Don’t try to find the “ultimate” product to sell – that’s a guaranteed way to fail before you’ve started! Instead, you need to find a problem that people are actively seeking an answer for online… and aren’t finding it!
Have an open mind for any potential revenue generating opportunity no matter how small the budgets are. You’ll find it much easier for your video production business to survive until the market swings back to your direction.