Do You Have What It Takes To Run A Home Based Business? (part Two)
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Ed Watkins
May 9, 2013, 2:55:12 PM5/9/13
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Please consider this free-reprint article written by:
Ed Watkins
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Article Title: Do You Have What It Takes To Run A Home Based Business? (part Two)
Author: Ed Watkins
Word Count: 598
Article URL: http://www.isnare.com/?aid=156990&ca=Business
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=156990
Easy Publish Tool: http://www.isnare.com/html.php?aid=156990
*********************** ARTICLE START ***********************
In order to start a home based business you need to have an entrepreneurial spirit and you also need to be a self-starter. If you like to procrastinate and have to be coaxed and prodded to get your work done at your day job, then you probably do not have the discipline to start and run your own business from home.
According to experts, in order to successfully run a home based business you need to have what is referred to as the "completion gene." In other words you have to be industrious when it comes to getting started with your home based business but you also have to have enough stamina and persistence to keep it going. When you first start out with your business you are heady and excited and completely "up" for the challenge but will you still have the same enthusiasm and vitality in a year's time, or two years, or three? As well there are bound to be hard times when it comes to your business. Are you prepared to deal with those? If yes then you are likely on the right track. If not then perhaps you should stick with your nine to five job for the time being.
While breaks are important, too many breaks and too much down time is likely to make you look unreliable in the eyes of clients and this will cause you to lose business. If you cannot do work and deliver it on time then this will be a hindrance to the development of your business. It is extremely important when you start a home based business to set realistic goals for yourself and re-evaluate them as needed and to devise a routine for yourself that works. Schedule time to work as opposed to doing it haphazardly and fitting an hour or two in here and there around grocery shopping, laundry and picking up the kids from school. Always take the time to review what your priorities are and if something is not working then figure out why and attempt to look at it another way.
Be aware that financial responsibilities are completely on the shoulders of a home business owner and when you do not work for a day or two or a week or two, there is no money coming in which can be burdensome to many. Self-employed individuals do not enjoy vacation pay, holiday pay or paid sick days. As well self-employed people must bear the brunt of such things as health insurance, life insurance, retirement savings, cost of childcare and so on.
While self-employed people are entitled to some breaks on taxes it is usually not enough to offset the extra cost of other expenses. Both Medicare taxes as well as Social Security taxes must be paid in full by the home business owner and these two things alone amount to approximately 15 percent of an individual's income. As well there is also federal income tax to think about and local taxes. In some cases self-employed people may have a spouse who is covered for health and life insurance through their place of work but some people do not enjoy these benefits.
Be aware that many financial institutions will not lend to home based business owners because they consider it too much of a risk to do so. In fact some banks need to see proof that a self-employed person has successfully run a home based business for a period of two years before they will even look at a loan application.
About The Author: Eddie Watkins resides in beautiful Las Vegas, Nevada. His website at http://www.teamsuccesspros.com/pips.html offers valuable information for starting A Work at Home Business. Eddie's Free Newsletter "Internet Marketing that Empowers Success" is jam packed with techniques guaranteed to increase your knowledge about Internet Marketing. Subscribe for FREE send a blank email to: teamsuc...@getresponse.com
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=156990
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
Message delivered directly to members of the group:
publish-the...@googlegroups.com
*****************************************************************
Please consider this free-reprint article written by:
Ed Watkins
*****************************
IMPORTANT - Publication/Reprint Terms
- You have permission to publish this article electronically in free-only publications such as a website or an ezine as long as the bylines are included.
- You are not allowed to use this article for commercial purposes. The article should only be reprinted in a publicly accessible website and not in a members-only commercial site.
- You are not allowed to post/reprint this article in any sites/publications that contains or supports hate, violence, porn and warez or any indecent and illegal sites/publications.
- You are not allowed to use this article in UCE (Unsolicited Commercial Email) or SPAM. This article MUST be distributed in an opt-in email list only.
- If you distribute this article in an ezine or newsletter, we ask that you send a copy of the newsletter or ezine that contains the article to http://www.isnare.com/eta.php?aid=156990
- If you post this article in a website/forum/blog, ALL links MUST be set to hyperlinks and we ask that you send a copy of the URL where the article is posted to http://www.isnare.com/eta.php?aid=156990
- We request that you ask permission from the author if you want to publish this article in print.
The role of iSnare.com is only to distribute this article as part of its Article Distribution feature ( http://www.isnare.com/distribution.php ). iSnare.com does NOT own this article, please respect the author's copyright and this publication/reprint terms. If you do not agree to any of these terms, please do not reprint or publish this article.
*****************************
Article Title: Do You Have What It Takes To Run A Home Based Business? (part Two)
Author: Ed Watkins
Word Count: 598
Article URL: http://www.isnare.com/?aid=156990&ca=Business
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=156990
Easy Publish Tool: http://www.isnare.com/html.php?aid=156990
*********************** ARTICLE START ***********************
In order to start a home based business you need to have an entrepreneurial spirit and you also need to be a self-starter. If you like to procrastinate and have to be coaxed and prodded to get your work done at your day job, then you probably do not have the discipline to start and run your own business from home.
According to experts, in order to successfully run a home based business you need to have what is referred to as the "completion gene." In other words you have to be industrious when it comes to getting started with your home based business but you also have to have enough stamina and persistence to keep it going. When you first start out with your business you are heady and excited and completely "up" for the challenge but will you still have the same enthusiasm and vitality in a year's time, or two years, or three? As well there are bound to be hard times when it comes to your business. Are you prepared to deal with those? If yes then you are likely on the right track. If not then perhaps you should stick with your nine to five job for the time being.
While breaks are important, too many breaks and too much down time is likely to make you look unreliable in the eyes of clients and this will cause you to lose business. If you cannot do work and deliver it on time then this will be a hindrance to the development of your business. It is extremely important when you start a home based business to set realistic goals for yourself and re-evaluate them as needed and to devise a routine for yourself that works. Schedule time to work as opposed to doing it haphazardly and fitting an hour or two in here and there around grocery shopping, laundry and picking up the kids from school. Always take the time to review what your priorities are and if something is not working then figure out why and attempt to look at it another way.
Be aware that financial responsibilities are completely on the shoulders of a home business owner and when you do not work for a day or two or a week or two, there is no money coming in which can be burdensome to many. Self-employed individuals do not enjoy vacation pay, holiday pay or paid sick days. As well self-employed people must bear the brunt of such things as health insurance, life insurance, retirement savings, cost of childcare and so on.
While self-employed people are entitled to some breaks on taxes it is usually not enough to offset the extra cost of other expenses. Both Medicare taxes as well as Social Security taxes must be paid in full by the home business owner and these two things alone amount to approximately 15 percent of an individual's income. As well there is also federal income tax to think about and local taxes. In some cases self-employed people may have a spouse who is covered for health and life insurance through their place of work but some people do not enjoy these benefits.
Be aware that many financial institutions will not lend to home based business owners because they consider it too much of a risk to do so. In fact some banks need to see proof that a self-employed person has successfully run a home based business for a period of two years before they will even look at a loan application.
About The Author: Eddie Watkins resides in beautiful Las Vegas, Nevada. His website at http://www.teamsuccesspros.com/pips.html offers valuable information for starting A Work at Home Business. Eddie's Free Newsletter "Internet Marketing that Empowers Success" is jam packed with techniques guaranteed to increase your knowledge about Internet Marketing. Subscribe for FREE send a blank email to: teamsuc...@getresponse.com
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=156990
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
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