Home Based Business Opportunities

work at home businesses opportunity Internet business

Home | Sitemap |















Categories
Home Based Business
Home Based Business News
Home Based Business Opportunities
Home Based Business Opportunity
home based businesses
Home Business
home business opportunities
Home Business Opportunity
Work At Home Business

Featured Articles
Creating Multiple Income Streams Through Teamwork

Archives
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005



Syndicate Us!

Google Reader
Add to del.icio.us
Add to My Yahoo!
Subscribe with Bloglines
Subscribe in NewsGator Online

myFeedster




www.KeywordSpy.com
Give your site the exposure it needs

« Home Business Success Strategies | How to Earn with the Secret of Persistance »

Quitting Your Job for a Home Based Business

Many of us who start a home business do so while we’re still
working another job. Our jobs provide us with money for
living expenses - and, if we’re lucky, for funding at least
a portion of our business startup costs.

Most people in this position hope to eventually leave their
jobs to work from home full-time. But when’s the “right”
time to quit? While there’s no black-and-white answer to
this question, here are a few things to consider…

=== Are you confident in your ability to earn an income?

Some ‘experts’ recommend that you stick with your home
business for at least a year before you consider quitting
your job. This will give you the opportunity to ‘feel out’
any possible trends that may occur during the year. For
example, you may find that sales are slow during the summer,
and that your strongest months are from January to April.

If your business has been profitable for at least a year,
you’ll probably feel reasonably secure that you can
continue to turn a profit even after you leave your job.

=== How will you manage your finances?

It’s easy to get comfortable with a steady pay cheque. But
once you quit your job, your business earnings will likely
fluctuate from month-to-month — sometimes significantly.

How will you plan and budget to cover mortgage payments,
day-to-day expenses, child care, and emergencies? Do
you have a contingency plan for times when business is
lean? Will you have to change your lifestyle, and how?
Are you willing to make these sacrifices? Will there
be enough funds left over to invest into your business?
If not, who can you turn to for a loan, and will you
qualify?

Ask yourself questions such as these so that you can
anticipate, minimize, and even prevent potential
problems.

=== Do you have a proper working area available to you?

Running a home business is still business, and you’ll
need a place where you can work comfortably. The old
cardboard box in the corner of the family room may
have been okay as a makeshift “office” when you only
spent a couple of hours a day using it… but do you
really want that type of setup when you’re running a
business full-time?

Ideally, you should have a working area where you can
concentrate — and with some basic furniture that won’t
give you aches and pains by the end of the day.

A separate room is best. That way you’ll be able to
keep your business equipment, files, and materials
organized and safe from the hustle and bustle of your
personal or family life.

=== Is your business continuing to grow?

Many people find that their business grows in leaps and
bounds for a few exhilarating months. Then growth starts
to slow, until it ‘flatlines’. This could be due to any
number of reasons… but a common reason is that you
simply don’t have the time to continue to build your
business while you’re still working your job. But your
business isn’t yet bringing in the same income as you
currently make at your job. What do you do?

Unfortunately, there isn’t an easy answer. Ask yourself
if you’re ready to take that final leap - to quit your job
before your business earnings have replaced your income.
How will this impact your lifestyle?

=== What does your family think?

Family support is always welcome when you’re working hard
to build a business. Keep in mind that it’s exciting and
scary for them, too: they’re also affected by the changes
in income and lifestyle. Sit down with them and have an
open discussion on any upcoming changes.

Best of luck with your pursuit of a new career!

About the Author

_____

Angela is the editor of Online Business Basics, a practical
guide for beginners on how to build an online business on a
shoestring budget. Visit her online at
http://onlinebusinessbasics.com/article.html or request
a series of 10 free reports to get you started. Send a
blank email to: mailto:businessbasics@workyourleads.com

Leave a Reply


Recent Entries:
  • Are You Guilty Of Being An “Information Overload” Junkie?
  • Risk, Failure and Wild Success
  • The Classified Challenge: Sell Within Seconds
  • Personal Profile Of The Week: Bob Osgoodby
  • Munchkins Want Advice from Monsters? Not!
  • Electronic Payment Services: Money Still Exchanges Hands, it Just does so Without ever Touching a Palm
  • Advertising – Target Your Audience
  • The Coming Home Business Boom
  • Your Online Targeted Niche Market
  • Elevator: Going Up!


  • More Links: currency forex learn online trading | banking currency other trading | learn currency trading | banking both currency trading tradings | bankings both currency trading tradings | Mortgage | Debt Help | Mobile Phones | Compare Mobile Phones | Mortgages



    Google

    Internet Business
    How To Write Your Own eBook In 7 Days!
    Write and publish your own OUTRAGEOUSLY Profitable eBook in as little 7 days - even if you can't write or type!

    Paid Survey Online Review
    Get paid to shop as a Mystery Shopper! Get paid for your opinion taking surveys! Great work at home job opportunities.

    I Raked In $436,797 Online Last Year
    Now You Can Too! Get the Insider Secrets in Rosalind Gardner's 'Super Affiliate Handbook' to Start Your Own Internet Business!

    Affiliate Money Tree Handbook
    Make $18,659 a Month in the Pay-Per-Click Search Engines by Copying my already Proven KEYWORDS used for my Affiliate Programs!

    Make Up To $11,212.00 On eBay
    How You Can Make Up To $11,212 Per Month On Ebay Following My Easy Steps.


    News
    MSN Search News: Home Based Business




    Copyright 2005 - http://www.homebasedbusinessesopportunity.info All Rights Reserved.