Reasons Why Home Based Businesses Fail

 


Visitors: 476

I was thinking about why home based businesses do not always find their successes. My thought here is not to say that home based businesses are not a good idea - I for one am engaged in a home based business. Instead, I was thinking about ways to help identify how to avoid failures in home based businesses. Can we actually insure success if we follow some logical first steps?

Three reasons tend to come to mind.

1. Expectations are set to high by a representative

2. Lack of Training, Education and Support by the company or representative.

3. Individual entering into the business is actually a “employee" not an “entrepreneur".

The third one is probably more important than the other two. If you have never owned a business and have always relied upon someone else giving you a paycheck, then the transition to business owner can be difficult if you are not prepared. Having to “sell" your business product or service and realizing how much work has to be done upfront can be overwhelming at first.

No question, if you can overcome the initial obstacles and stay focused you will see rewards later. This becomes the second realization of owning your own business is the amount of time it takes before you start seeing the rewards.

Another big problem is marketing is communication. Most marketers online do not communicate with their affiliates, resellers and distributors. If you are having a hard time making any money online, try following these few rules:

1. Build your communication network

2. Utilize all your resources within your business

3. Build a marketing stronghold using #1 and #2.

Not everything is the individual though. Many companies have representatives that oversell their business. In most cases the representative is a “Loose Cannon" and is saying things against company policy. You have to do your research about the company, the business, the products. Contact the company directly to get your information. Talk to others (3 - 5) that are in the business and get the different perspectives too.

Once you understand the process of owning a business and you have done your research about the company, make sure you understand the support structure. Will be you be trained, educated and supported by the company and its existing members? Without a support structure it will be very difficult to gain success completely on your own.

If anyone has some other thoughts, please add them. I'm sure we can come up with more ways to set expectations and avoid failures.

Come visit us at Art Ideas for You .

We are a business in the art industry combined with direct sales for an income opportunity for entrepreneurs and individuals seeking to work from their homes.

For more information about the Art Adventure, please visit us at Art Ideas for You .

(495)

Article Source:


 
Rate this Article: 
 
The 7 Major Reasons Businesses Fail and How to Overcome Them
Rated 4 / 5
based on 5 votes
ArticleSlash

Related Articles:

4 Reasons Internet Home Based Businesses Fail And How To Avoid These Costly ..

by: Chris De La Rosa (May 17, 2008) 
(Home Based Business)

The Reasons Why Home Businesses Fail

by: Daniel Gebura (June 26, 2008) 
(Home Based Business)

Home Businesses - Main Reasons Why They Fail

by: Sergio Ferreira (August 30, 2007) 
(Home Based Business)

A Home Based Business Can Fail For Any One of The Following Reasons

by: Connie McKenzie (February 01, 2007) 
(Home Based Business)

Reasons Why Majority of Those Starting a Home Based Business Fail

by: Dele Ojewumi (September 04, 2008) 
(Home Based Business)

2 Reasons Why The Top Home Based Businesses Are Not MLM

by: Rebecca Prescott (April 06, 2007) 
(Home Based Business)

Top Reasons You Should Start Your Own Home Based Businesses

by: Mark A. Abrahams (September 10, 2008) 
(Home Based Business)

10 Reasons Why Businesses Fail at Marketing.

by: John Follis (August 19, 2005) 
(Business/Marketing)

Home Based Business Failures - Five Reasons A Home Business Will Fail

by: Elaine Currie (May 04, 2007) 
(Home Based Business)

The 7 Major Reasons Businesses Fail and How to Overcome Them

by: Bill Dueease (June 30, 2005) 
(Business/Entrepreneurialism)