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Should You Start An Online Home Based Business?

Updated on November 25, 2009

Elegant web button by enimal, sxc.hu

Offers to start home based businesses are all over the web. If you were to believe the hype, a home based business is easy to start, requires not many skills or time and makes pretty good money. It is touted as the way to generate income while you sleep and, in a very short time, will enable you to retire early.

There are other websites that bring you down closer to earth, warning you of the harsh realities of such businesses, but at the same time, still extolling the benefits of such a business. The general consensus is that while home based businesses are not easy to start and run, a successful home business is possible for anyone with the determination to work hard, and the tenacity to keep at it amid disappointing failures.

A home based business is a dream come true in many respects. But what many don't realize is that there are pitfalls as well. After being involved in home based businesses for a few years, I have come to realize that it takes more than hard work and tenacity. A home based business makes unique demands that not everybody is prepared for, is able to meet or would want to meet.

I have detailed some traits and reasons which you should NOT have if you want to start a home based business. If you are guilty of even one of the traits listed below, you might want to reconsider your decision to start a home business.

If You Are Looking At A Home Business As A Replacement For Your Present Job

You are planning to quit your job the next month. You have about 2 months worth of savings in the bank. You plan to work very hard at a home business, and is expecting it to be making good money by the third month so that you can put food on the table and not miss any payments.

If You Enjoy Socializing Around The Water Cooler

In many cases, a home based business is a one man show. While you may have partners, freelancers or contractors which you work with and you might even meet them face to face, it is very different from the day to day interactions that you have with your colleagues in the office.

If You Don't Want To Learn Anything New

You are not open to nor are interested in learning anything new. You firmly believe that you already know everything you need to know to run your business and have no intention of learning anything new, even if it is called for or if your business requires it.

If You Are A Worker And Not An Entrepreneur

You work best when there are clear, concise instructions for the task at hand. So, you are looking are a home based business that come with detailed step by step instructions. You intend to simply follow the instructions and make the business a success. You do not expect any problems to crop up nor are not prepared to deal with them.

If You Need Money Desperately

Your daughter's school tuition is due in the next 3 months. Furthermore, your landlord is looking for you for a nice little chat, and you are quite sure that the bank manager will be giving you a tinkle for an update on your overdue mortgage payment. So, right now, you need an online business that can start earning good money almost immediately.

If You Have No Intention Of Working Hard

You are captivated by all the online business opportunities that you can get involved in that earns a lot of money but needs very little work. You know that many are no more that thinly veiled scams, but you reason that not all are scams and that you just need to find the one opportunity that is not a scam.

Conclusion

If you have been mentioned at least once above, I would advise you to think carefully before starting a home business venture. A home based business is no walk in the park and you really do not want to start one and, one year later, find yourself back at your old job.

It will be much better to sit down and think about what such a business is and what it will require of you. And then ask yourself truthfully whether you have what it takes. You could save yourself a lot of money, time and grief later on.

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    • wandererh profile imageAUTHOR

      David Lim 

      9 years ago from Singapore

      The challenges on the web are really many and varied. Certainly makes it interesting, and satisfying when you get it right, but no place for you if you just want a job. You just hammered home one of my points. :)

      Thanks for visiting. :)

    • rb11 profile image

      rb11 

      9 years ago from Las Vegas

      You make a lot of valid points, I'm sure those of us who have stuck around long enough have experienced some of these. To make money on the Internet or anywhere for that matter you have to sell something, either a service or a product. Now you have to get traffic to your site, and there are multi-millions of sites out there. Once you get someone to your site you have to get them to buy your product, do you remember the apprehension you and I have when contemplating a purchase on the Internet like do I want to give my credit card number, or how can I trust someone I can't see. These thoughts all shoppers have need to be addressed when you start a Internet business.

      These are just a few thoughts, you wrote a real good honest Hub, hope newcomers will think about this.

      Regards

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