Being your own boss, setting your own hours, keeping all (or a lot of the proceeds for your own), not having to commute, taking off whenever you want all have their perks. It surely seems that way, particularly for a lot of woman who may not wish to stop working or can’t afford to, but additionally wish to stay home with the kids or be home once they get back from school.

But, this rising trend, even with every one of its apparent benefits has numerous experts cautioning stay-at-home workers and cautioning them regarding the potential perils of home-based businesses as a result of common human error.

Some of the most common (and most damaging) include:

· Not Doing Proper Research: Sure you need confidence, guts and devotion to begin your own personal business, but you also will need to know what your engaging in, and that means diving Initially into doing the necessary research regarding the type of business you are interested in starting. Experts recommend trying to learn as much as you possibly can regarding your impending endeavor and about its potential for success within your area. Study your competition, record how much they are charging and identify your target market. Rely on guides, trade shows, conferences and the net to gather your materials and information.

· Trying TO Do It All Yourself: Take into account that starting ANY company is complex, particularly in its preliminary stages. This is often the most crucial time for you and your venture and you’ll need all the love and help it is possible to get. One of the biggest mistakes, experts say that new entrepreneurs make is not receiving the necessary backing from spouse or family. Besides maybe helping with the housework or youngsters, she or he may like to help in your small business or at least lend support and encouragement as you get things going.

· Leaping Without A (Financial) Safety Net: The majority of us are custom to bringing home a specific amount of income (give or take) each 7 days, a thought of having a "comfort" zone that almost all new business owners need to give up say experts. As outlined by specialists, nearly all new business owners won’t see a return for several months. In fact, they suggest having a minimum of six months (monetary) reserves on hand.

· Spreading Yourself Too Thin: While you unquestionably need to please the buyer and build your customer base, it’s imperative that you consider, that you won’t have the ability to satisfy all of the folks all of the time. They suggest not scattering yourself too thin by making a mission declaration for your business defining your purpose plus your goals. Include what your business involves, what makes it stand out, and where you see yourself a few months to a year down the line. Moreover, they add that you should make it a point to check your declaration periodically and make all the required changes.

· Not Holding Yourself Accountable: It’s easy to take advantage of being at home, especially when you don’t have to punch or stare at the clock. Nevertheless, according to experts, sticking to an everyday work timetable is imperative. Keep your schedule flexible (that’s what being your own boss is about) but lay down limits and boundaries which may enable you to concentrate with no interruptions and be productive.

· Not Leaving Time For Other Things: Simply because you make money working from home doesn’t mean you never leave your house again. The truth is, an important part of any business is networking. Hence, think about maintaining your professional appearance and joining various professional organizations that can put you in touch with all the appropriate people….and despite the fact that chat boards and blogs can offer you the same, making a personal appearance is ALWAYS a pleasant touch.

· Very High Expectations: Considering being your own boss is anything but "work". Whereas you will have the freedom to make a great deal of your own decisions, you’ll also have a lot more accountability, and that means learning how to manage your time (between occupation and career) like never before.