Tuesday, July 22, 2008

5 Home Biz Mistakes Every Entrepreneur Should Make!

by: bb lee

In a previous article appropriate steps to start a
home based business were discussed.

This important article will review the 5 top mistakes many
home based business owners make that might evolve into a great
success story.

Warning! This approach is not for everyone. One theory is readers
will learn a new way of thinking and perhaps propel their
business ideas into motion.

Let's get started with the list!

1. Business Plans. Many article's online vow by the
business plan. Every new business owner must draft a
business plan if they want to succeed.

One successful business owner online never thought of
drafting a business plan. He learned the hard way.
He made many errors but claimed the learning experience
was a powerful teacher.

He further stated the lessons he learned were better
than any course in business school or college. He soon
learned how to deal with the many ups and downs in the
business world. Dealing with frustration. All things
you learn from the school of hard knocks.

2. Education. Once again many experts think several degree's
are the key to immediate success in any chosen field. Many
successful entrepreneurs never went to college. And quite
a few barely finished high school. Success is not always in
the books you read but in how you deal with your
business in the real world.

3. Rushing. Experts believe you should take your time
and wait to select the proper business for you and
your background or education. Taking time to study the
various ideas is key to success. Others see an opportunity
and immediately grab it.

4. Over confidence. Believing you will be successful and
ignoring negative opinions from friends and family. Family
might have good intentions, wanting to save you from making
an error in judgement, but they might throw a
wrench in your business idea. Halting the business venture

5. Unrealistic view. Always seeing the good side. Thinking
positive. That yes you can succeed in this business. Positive
thinking is an asset every self employed business owner
should own. Many business owners with a positive outlook
continue striding forward where others simply give up.

That's the list. It bares repeating that going against expert
advice is not for every new entrepreneur. But many new home biz
owners found great success in following their own path.

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