3 Pillars of a Solid Home Based Business

Posted on Monday, May 10th, 2010 at 11:57 am

In this day and age it is virtually impossible to maintain a decent standard of living on one payroll check, but in a family where little ones are involved it is not always possible for both dad and mom to have a job outside of the home.

Daycare expenses, the need for a second car, and too much time away from the young children are some common setbacks. This however is the exact situation that a Home Based Business works to its greatest advantage.

Home Based Businesses are fantastic and can be exceptionally profitable but without the appropriate knowledge and tools you can waste an unimaginable amount of time and money which ruins the rationale you started out with, namely to earn income and have time to really enjoy your life. This article was written to give the regular person like you and I a practical guideline to getting started in a home based business the right way, and to help you save wasted time and money.

My hands on experience has shown me that there are basically 3 main principles of a reliable home based business.

Pillar #1: It must have minimal start up cost.

A home based business that has a substantial start up cost will take longer to see revenue, and as we said earlier, time is one of the factors we are trying to cut down on. Minimal cost will also make the home based business more suitable to a larger amount of  families who are just starting out.

Pillar #2: It must be uncomplicated to set up and maintain.

The more difficult your home business project, no matter what it is, the more likely you are to quit out of sheer frustration before you see a profit. A business that is easy to set up and manage will give you  self belief and a sense of accomplishment as you complete each simple step in the process.

Let us face it if you appreciated wasting a lot of time and effort maintaining a home based business you would not be going through this article. This is about releasing you to spend time with your kids and doing the things you love, not creating another taskmaster to substitute your job! The first two pillars of a solid home based business are necessary for the third to occur.

Pillar #3: It must have a instant return.

You can spend weeks building a home based business but if there is never any real revenue generated in a sensible amount of time many of us may get discouraged and quit. What is a reasonable amount of time? I would plan for a time frame on the order of days instead of years. Depending on the type of home based business some individuals have had a decent ROI within days, and incredible as it may sound many businesses that deal with affiliate marketing and sales can see revenue as early as 15 minutes from start-up!

You may be wondering to yourself “that’s too simple!” Let me say that within these 3 pillars there is tons of detail to keep anyone active. The business that you choose to start should definitely be something that pursuits and interests you and possibly even something that you currently have a measure of experience in doing. Whatever home based business you become involved in make sure that it is backed-up by the 3 pillars mentioned in this article. Do not make the mistake of over-complicating your efforts or you will see very quickly that you will get bogged down with a lot of purposelessly wasted time and effort.

Here’s to your home based business prosperity.

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