by: Srinivasan R.G.

It’s been said that 80% of all small business dies within the first
3 years. And the rest are somehow struggling along with meager
revenues. Only a handful is successful. Home based business has an
even shorter lifespan. Every enthusiastic home based venture starts
out with a big promise, a lot of excitement and enthusiasm.

However at the first signs of trouble or a slow take off the people
become panicky. Having been accustomed to regular pay check, when
the money does not roll in week after week and the bank balance hits
the low digits, there is a sense of panic and the exciting home
business gets trashed.

My own experience tells me this happens just when you are through
with organizing, setting up and the difficult transition period of
reaching out to the customers, you decide to wind up the business in
favor of a job.

Now here are a few tips to persevere and make a success of your home
business.

Plan in advance your finances for running your family for a minimum
period of 6 months.

Plan every aspect of your business – right from creating the product
to final shipments - on paper. Don’t leave out anything. This is
what is called a business plan. Make it elaborate and group each
aspect under a heading and subheading.

Home workers need to set a disciplined work schedule. Having no
bosses around or compulsions of commuting may make you take things
easy and relaxed. At least for the first 6 month work as if you are
in employment and put in the required hours. You can relax and cut
down on working hours when you start earning enough.

Don’t procrastinate or put things off for tomorrow. Action is one
major ingredient for success. If you need to do something do it
today. Do it now.

It is essential to keep your motivation high. Read about the success
of other small business and home business owners and learn what they
did right. Duplicating someone else who has succeeded makes it easy
to succeed yourself.

You may suddenly find yourself alone without the social support of
colleagues and friends. Even persons you considered your best
friends may avoid you if they feel you are in trouble. That is OK.
You get to know who’s who in times of adversity. Learn to depend on
yourself than outside support.

Be prepared to take the temporary pain and denials. Robert Kiyosaki
of ‘Rich Dad Poor Dad’ fame and his wife slept in their car for a
few months and lived in a basement of a friends house for many more
months to achieve what they set out - their financial freedom.

Believe in yourself and keep going even if the going gets tough. The
rewards far outweigh the pains and temporary sufferings. Remember
the darkest hour is just before the dawn breaks out and sun rises.

About the author:
R.G. Srinivasan is a Managerial professional, Writer and Author. He
writes a regular blog on home-business resources aailable at
http://www.home-businessresources.blogspot.comwith online marketing
tips, resources, opportunities and online promotional strategies.