« Work from Home - Asking Your Boss | Main | Choose Facebook for your marketing - Tips for Success »

Is Your Home Business Foundation Built Under A House Of Cards?

 More to the point…is your home business foundation about as secure as a house of cards?

 Over the seven plus years that I’ve been fortunate enough to be able to tell my boss to stuff it where the sun doesn’t shine, I have seen more than my share of home businesses. Some good…some not so good. Some, downright awful. But what it all comes down to, good and bad, is the foundation. Lay a solid one and you can put almost anything on top of it. Lay one that is weak and you’re taking your life, not to mention your businesses life, in your hands.


And most people just don’t get it. What they call a business, Adsense here, Amazon there, maybe some affiliate products who knows where, is really just a fancy hobby…and not a well structured one at that. Now don’t get me wrong. I’m not saying that you can’t earn some money with a hobby. But if it’s a serious business that you’re looking to establish, then you might want to consider the foundation for which you’re going to build it upon.


Okay, fair enough. So what’s a good foundation? That’s a question that a lot of people either can’t find a good answer for or just flat out disagree with the answers given by the professionals. So let’s get this out in the open before we even dive into this subject.


There are two ways to run a business. The right way and the wrong way. If you want to run YOURS the right way, you’ll probably want to take the words that are to follow to heart. Otherwise, you’re not going to be looking at business income. You’ll be looking at hobby income at best and no income at worst.


You’ve been warned. Let’s begin.


Essentially, a solid foundation is one that, if you were to fall off the face of the planet, never to be heard from again, your business, with very little outside help, would continue to run and produce a sizeable income.


Now, having said that…take a look at YOUR business and see if it passes that test.


Didn’t think so.


Don’t feel too bad. Not a lot of people are in that situation where they can walk away from their business and the money keeps coming in. And for some of us, that point in time doesn’t come without a lot of hard work up front.


Yeah, I guess I should have said that…there is a lot of work involved in structuring and running a home business. If you think I’m kidding, take a look at all the home businesses that fail each and every year. The number is staggering.


But I digress. Let’s get back to our foundation.


If I had to pick out the most important thing about establishing your foundation I’d say it was making sure that you pick something where the is little chance of that area ever becoming obsolete. In other words, something that people are going to want for years and years to come.


For example…we all need to eat. So if you were to get into an area of the food industry, it’s a pretty good bet that you’ll have a market to sell to until the planet blows itself up.


Another example would be debt or money related issues. Let’s face it, we need money to live and most people have a terrible time either making ends meet or managing their finances. So, if you were to build your business in the area of debt relief or income generation, again, there is a pretty good chance that you’ll have a market to sell to for a long time.


I think you get the point. Pick something that is basically evergreen and has a substantial demand.


Getting into underwater pole vaulting is NOT going to cut it.


After you have decided on what broad market you’re going to tackle, you then want to zero in on a sub market. Why?


Because most broad markets are too broad. For example, with food, there are so many different kinds of food. You have entrees, desserts, beverages, salads, fast food, baked goods and on and on and on. There is no physical way to tackle each sub market.


Think about it. Does Wonder sell anything but bread products? They certainly don’t get into desserts and salads. And we’re talking about a HUGE company here.


Narrow your focus. But make sure that within that narrow focus there is still enough of a market to sell to, otherwise you’re not going to produce much of an income.



To Your Success,

Leon Edward

blog owner and webmaster of  http://www.homebusinessit.com/






More Energy than money?
Learn How to Turn 5 hours a week into
$500 per month, just visit http://www.startahomebusinessfree.com/ 

For more Information on
Starting a home based business, click here | Funding, Grants, New Business, click here | Home Business Management, click here | Financial Records for home businesses, more  | information here | Free Trial, Wholesale Products to sell online, click here  | How to list items on eBay, here | Types of Corporations, click here | Organizing a Home Office, click here | Internet Business Strategies, click here | Internet Marketing Blog, Articles, here |
Sole Proprietorships , here | Time Management tips for home business, here  | A Business Plan Tips , here | How and When to Incorporate, here | Offshore Corporations, here | Home Business Marketing Ideas, here | What Sells Well On eBay, here | eBay Basics , here

 "The main difference between internet entrepreneurs and work from home small business owners who succeed online and those that do not is having the correct information, awareness of powerful web business-building resources and most importantly taking action on this knowledge. " - International Association of Home Business Entrepreneurs learn more here

Every year, the government--local, state, and federal--gives away millions of dollars to people just like you for new business ideas. Leon Edward shares information on government funding, Federal, State ,Local Grants , Home Business Management, Setting up a home business ideas, affiliate marketing software and business plan, Grant Money To Start A Business , where to find start up business grants, sources, how best to fill out applications, grant management step by step tips, setting up a business steps at his website http://www.business-idea-grants.com

Selling Online? Find Wholesale Products To Sell at products to sell on eBay 

 For More  Visit grants for new businesses, Internet Business Bloghow to get money to start business,    , small business record keeping software

New people are succeeding in opening their own online niche store  or supplying what sells well on eBay . Get A Free Trial for Wholesale Products To Sell at  Products To Sell On eBay . Start with eBay Basics

[Click Here] for related home business and online marketing information,  Successful Internet Business Ideas Tips | Successful Internet Business Models , $1 and Free Trials ..Internet Millionaire Coaching Step by Step | Reviews
[Click Here]


Attract Money, Success, Love, Anything You Desire !


Get Your FREE Mind Movies and Create Your Ideal Future. Visit http:justvisualizeit.net 

 and Mind Movies

Learn the vital aspects about legitimate home businesses in a FREE comprehensive special report and Internet Business elibrary, visit http://www.homebusinessit.com/newsletterI've joined top earners on the internet with  Online Business Ideas

 Click Here for Home Business Management 

Visit Leons Increase IQ improve brain website , increase concentration, be smarter. entrainment cds


Finding A Job In A Recession can be tough ,  learn or update your computer and business skills at office online training with MS Office Training
but here is what is easy...


Use you subconscious mind  and Brain Power  and if you know someone who needs help after a head injury or stroke, send them to hemiparesis ... Try Brain Fitness Software


For entertainment and fitness, visit these video and social blogs:


http://www.zumbaonlinevideos.com , http://musclebuildingworkout.net/ , http://buildmuscletalk.com/ ,


On blogger, new niche articles are posted that you may enjoy

Zumba Fitness | Business Idea Funding | Traumatic Brain Injury





Hosting by Yahoo!