Best-Home-Business-Opportunity.org was setup by Gregory E. Rouse (a home business entrepreneur) as a FREE resource to share how people can make money with their hobbies and interests.

Wednesday, March 25, 2009

Hobby Home Business

Hobby Home Business

As millions of Americans look for greater control over their financial destiny, the dream of self-employment has become more and more compelling. A survey noted that 8 out of 10 people working for a living either want to, or are actively preparing to start their own business. The only thing holding them back is that they either don't know what to do or feel that all their experience will be wasted if they quit their current job.

But, what if you could use all that experience already gained? What if you had all the information on how to do it? The entrepreneurial spirit is, of course, a part of our great national heritage. The problem is that many people devote a lot of their time to half-baked ideas and high-risk ventures that have little chance of success. Putting your life savings on the line for a new venture is not wise.

But, what if you could still keep your job and develop your own business on the side? What if you could get into a business for a fraction of what it costs the traditional way? A Home-Based business is the answer you’re looking for! They cost less, the risk is lower, they have numerous fringe benefits and you can keep your current job until it’s time to quit. The shrewdest and most successful entrepreneurs know that "taking the plunge" works best when you model those who have already done it.

As you develop into a professional home business owner it’s recommended that you develop a lifelong plan that addresses the following 5 areas:

  • Knowledge – A blend of theoretical and practical knowledge is essential. Develop a curiosity for learning in your field.
  • Contacts – Be proactive by identifying and developing an active professional network. Put yourself out there with the top professionals in your field.
  • Professional Organizations – Improve yourself through conferences, networking and giving something back to your profession. Join professional organizations and attend seminars in your field.
  • Experience – Obtain “hands-on” experience any way that you can, even if you have to pay for it.
  • Personal Resources – Know yourself, identify your strengths and weaknesses (develop a plan for self-improvement and continuing education). Whether from a formal institution or on an individual basis you need to be developing your talents.

It’s about becoming a lifelong learner...

Now all that professional development is fine, but it means nothing if you don’t have a great idea. Hopefully you’re starting a home business to stop trading your time for money and to start creating real wealth. Real wealth creating systems that make money for you even when you’re not there, what we call Passive Income.

How do you go about this? First and foremost, you need to come up with an idea that takes advantage of your skills and experience while fulfilling the needs of an untapped market. Next you need to conduct research into your market and the companies you’ll be competing against. You’ll also need to create a plan with action steps that will create real value for people to get your business moving.

When you take a look at the big picture, there’s no way I could cover all the points of a home-based business in one post, but hopefully I’ve started you on the right track. There’s a lot you need to do when starting a new home-based business and this is where my Blog "Best-Home-Business-Opportunity.org" comes in:

  • The goal of this Blog is to provide you with all the information you need to be successful in your own Home Business.

Finally, there’s all the nuts and bolts you need to confront, like licenses, permits, and correct legal structure, etc… For a great FREE home business resource, check out Entrepreneur.com’s website and sign up for their free newsletters. There’s more free info here than you could possibly need: http://www.entrepreneur.com/quickreg/

To your success,

--Greg



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