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The First Question to Ask When Starting a Home-Based Business

Posted on May 30, 2010 by Elaine Lockard, One of Thousands of Executive Coaches on Noomii.

Are you thinking of starting a home-based business? Do you know where to start? Well, this will be a good place to start by reading this article.

So, you have decided to start your own home-based business and stop working 9 to 5 for someone else. Congratulations!!

Now, the first question, or questions, you must ask yourself are, “Do I really want to do this?” ”Do I really love or, at least, really like what I am going to do?”

Why ask these questions? The answer is motivation. If you are going to stay motivated to work, willing to put in the extra hours (yes, more than 40 hours a week), do the marketing, sales, bookkeeping, clerical work, etc, that goes with any business, then you should have a passion or, at least, a strong liking for what you are going to do if you want to be successful. Without this passion, you will over time loose your motivation and interest and eventually your business will fail. You will be back to square one with only a depleted bank account to show for it, if not worse, and will have wasted a lot of your precious time.

With passion for what you are doing, you happily put in the time to grow and maintain your business. Just think of how many times in your life you had to do a chore. Did it feel like a chore when you liked doing it? How about when you did not like what you had to do? Which was easier? The former I bet.

To paraphrase a quote I just read, do what you love and is easiest for you and charge for it. Believe me, in the end, you will have more of a chance of succeeding and you will be happy and enjoy the ride while getting there.

Now that you have asked yourself these first questions and decided what you are going to do, what is the second question you must ask yourself and consider?……………..

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