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How To Start A Home Based Business

Updated on November 5, 2009

With the state of our economy these days and unemployment rates skyrocketing, it's no wonder people are seeking other means of income. The growing trend in America is that people are no longer searching for jobs, but for work at home options to be close to family. It is no wonder why this industry is growing by leaps and bounds daily and people are making a pretty good living working from the comfort of their home. There is one major problem. It seems like there are thousands of work at home opportunities but not all of them deliver what they promise. Here are a few tips to avoid getting scammed while looking for a home based business.

1. You will hear this often, but it's important to learn. If it's too good to be true, then it probably is. Don't fall for advertisements that claim you can make thousands of dollars per month by using this special progam and clicking a button. It doesn't work that way. You will have to spend hours working and receive little compensation in the beginning, but the profits will come.

2. Just because a business requires you to purchase a program upfront or pay to use their system does not automatically mean it's a scam! So many people are still in the mindset that I work at something, I get paid. That is not true for home based businesses. It is true for home based jobs. With home based businesses you are investing into your future, if it's a good opportunity. You are working hard in the beginning and payind your dues, and then after a few years the company should be working for you! With a home based job, you are working for someone else or contracted and receive pay based on results. There is a difference.

3. Don't expect anyone else to build your company for you. Many people are quick to outsource before they even learn what they need to do. I must admit I have been guilty of this myself. It's plain laziness and fear. Outsourcing should be used when you are profitable and want to pursue other things. You set the business to run smoothly and are able to instruct the outsourcing agency how things should run.

4. Never ever give up! The waters can get rough when your out on the open sea of home based businesses. You may swallow a lot of water, get thrown around your ship, and may even get turned upside down. The good thing is that you can always start over or find help. Again revert back to rule number one.

My goal is to help others achieve their goals and dreams because I know God did not create us to work at something we don't enjoy or are passionate about. For many people their passion has to take a backseat to their job because they don't know how to make money at it or don't have the right mindset. Think of work at home opportunities as a vehicle to get you where you really want to go. Don't get too attached because things change quickly. Keep your goals in the forefront of your mind and work hard. For more information of legitimate work at home opportunities, check out my blog. I review opportunities I am using to make money.

Comments

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  • yeagerinvestments profile imageAUTHOR

    Shawn Yeager 

    8 years ago from Wisconsin

    Well, I guess that would depend on your state and earnings. You definitely have to pay taxes on income, but starting a corporation probably isn't necessary until you start making some money. But, I'm not an attorney. Is this what you meant by legal procedures?

  • Kevin Peter profile image

    Kevin Peter 

    8 years ago from Global Citizen

    Please add the legal procedures for starting a home based business

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