One of the reasons home businesses fail is not having enough money to keep it going. First-time entrepreneurs often underestimate expenses, count on income too quickly, and spend on items they don’t need. Here are common areas where home business owners waste money and tips on how to avoid the financial pitfalls of entrepreneurship. Spending too Much Time on Start-up and … [Read more...] about Tips for Avoiding Wasting Time and Money in Your Home Business
Home Business Mistakes
5 Home Business Mistakes to Avoid for Entrepreneurs
Owning a small business is rewarding and fulfilling, but it also can be stressful and frustrating. As a new business owner, you are going to make mistakes, some that are small and easy to correct, and some that are large and can affect your business success. While making mistakes isn’t something you can avoid entirely, you can minimize your risks by learning from the … [Read more...] about 5 Home Business Mistakes to Avoid for Entrepreneurs
5 Money Management Mistakes that Small Business Owners Make
With the need for flexible working and an attractive work-life balance, the thought of starting your own business and ‘being your own boss’ continues to be the dream for many budding entrepreneurs. However, considering that 30% of businesses fail in the first year it can sometimes make potential business owners apprehensive about getting into their chosen sector. This is why … [Read more...] about 5 Money Management Mistakes that Small Business Owners Make
First Business Fouls Make Second Business Successes
Starting your own business is always risky. You could copy step-for-step the actions of a successful enterprise and still fail to make it to your second year. If you have suffered an entrepreneurial disappointment, it might help to remember that over 50 percent of small businesses go under before their fifth anniversary. Not every business idea is a home run — or even a base … [Read more...] about First Business Fouls Make Second Business Successes
What to Do When You Feel Stuck as an Entrepreneur
I've been hearing from many business owners lately that they're feeling stuck, like they're spinning their wheels and staying in one place instead of moving forward. Several things are currently really standing out for me in terms of what may be contributing to the sense of frustration and overwhelm that seems to be prevalent at the moment for some, and especially newer, … [Read more...] about What to Do When You Feel Stuck as an Entrepreneur
5 Common Home Office Mistakes and How to Fix Them
Working from home isn't for everybody. The people that are successful working from home are people that are organized and self-motivated. But just like there are many ways to skin a cat, there are many ways to work – and be productive – from home. The biggest mistake a person can make in working from home is having a home office that doesn't work for him or her. A lack of … [Read more...] about 5 Common Home Office Mistakes and How to Fix Them
9 Killer Mistakes to Avoid When Starting a Business
When starting a business, you are bound to make mistakes. The key is to make sure that the mistakes you commit are not fatal to your business. From the book So, You Want to Start a Business?: 8 Steps to Take Before Making the Leapby Ed Hess and Charles Goetz, here are nine killer mistakes to avoid when starting a business: 1. Choosing a bad business opportunity. The … [Read more...] about 9 Killer Mistakes to Avoid When Starting a Business
How to Create Multiple Streams of Income that Works
I was recently at a networking meeting and met a really nice woman. After several minutes of conversation, I asked her what she did. She excitedly launched into how she was a real estate agent, but that was slow right now, so she was going back to giving massages, but she was also selling Mary Kay cosmetics. While I was trying to process all of those unrelated businesses, … [Read more...] about How to Create Multiple Streams of Income that Works
Top 5 Challenges of Home Business Entrepreneurs
Starting your home business can be inspiring and challenging at the same time. While it gives you the flexibility and income you want, it also presents obstacles that you need to tackle in order to succeed. Here are the five top drawbacks of a home business operation: 1. Need to become a multi-task expert "Starting a business" is a multi-functional responsibility and entails … [Read more...] about Top 5 Challenges of Home Business Entrepreneurs
8 Deadly Mistakes of Small Businesses
If you are going to survive and be a long-term success in business, then you need to be aware of the most common mistakes and pitfalls that can ruin your best-laid plans. Here are the biggest mistakes to really watch out for: 1. Inability to reach desired sales goals If you are not making the kind of sales that you need, your losses multiply as you find it difficult to … [Read more...] about 8 Deadly Mistakes of Small Businesses
