Whether you are looking to start your first home business or you already have one, this is a must read for you. Here you are going to see for the first time the real nuts and bolts of how to start and run a successful home business. This information is brief, but the main points are here. For additional information, you would be wise to follow the lead of successful home business owners. Individuals who have been in the home business arena and who will show you the ropes. Asking yourself the following questions and writing down the answers will assist you in finding the right fit for you.

Starting A Successful Home Business 101.

#1 Know Your Why

This is of the highest importance. Ask yourself: Why do I want my own business? Why do I want a business instead of a job? Knowing your "why" will encourage and inspire you to stay determined.

#2 Know Your What

What do I expect to gain from my business? If you want a few extra dollars a month, then you will look for a business opportunity that provides that. If you want to make a multiple 6-figure income and retire early the previous opportunity wouldn't serve you. What kind of business do I want? If you have a good idea the kind of business you want you will save time and frustration in finding the right fit for you. If you are interested in selling candles or makeup door to door, find the opportunities that offer what you are interested in. Knowing whether you want to inventory products or have an affiliate marketing business will also point you in the right direction. What costs are involved? After the initial starting fees, know what you are going to have to pay each month. There are many opportunities that "auto-ship" you products. You have to automatically buy products even if you haven't sold the ones you already have. Know what you can spend on marketing and what the various ways to market are. Are there any other

#3 Know Your How

How do I find my own home based business? There are a ton of people who would tell you their business is the best... and why. It is up to you to make the decision. There are a lot of 'hard sale' people who will tell you anything to get you started and then move on to the next. The best way to find a legitimate business that suits you is look around and talk to people who are doing it. Remember: taking advice from someone that doesn't have a home business is always a bad idea. How much time do I have to spend in my business? To start and run a profitable home based business can take from 2 to 10 hours a day. It depends on how quickly you learn and the actual home business opportunity you have selected. You should have an average of 15 to 20 hours per week in most cases. How much do I want to spend on my business. This is one of the first thoughts most people have when starting out. As a general rule, your initial cost will be proportionate to your anticipated income. If someone shows you a business that will make you a "millionaire" and it only costs a few dollars to get started... well?

#4 Know Your When

When will I earn a profit? This will be up to the opportunity you choose and then up to you to make it happen. With multi-level marketing (MLM) companies, it usually takes 3 or 4 years to see any real income. The direct sales arena, with very few exceptions, can offer you quick up front profits but little residual income. There are a scarce few that offer both large up front profits as well as great residual incomes, however these are rare. When am I ready to start? This is an easy answer: NOW. Now is the best time to start your own business, especially in network marketing. The economy affects home businesses as a rule: When the economy tanks- more home businesses get started. When would be a better time than NOW to get started? More people are making their fortunes now than ever in home business.

#5 Know Your Who

Who will you be working with in your business? There are businesses that offer community support in addition to company support. Many companies are structured so you have a go-to person to assist you in your business. This will usually be the person who helped you to start but they may have started just before you, so know what their experience is and insist on a seasoned home business owner to help you.

Did You Know: There is a new home based business started every 11 seconds in the United States Home business owners average a larger income than the national average of those with jobs 70% of home businesses started survive longer than 2 years 65% of home businesses are started between September 1 and December 31