We are all aware of the home business boom, but many of us ask ourselves what is all the hype about?! The thought of corporation downsizing, merging and relocating truly makes the idea a lot more digestible for many. Especially since most of the population have no job guarantees. Your job could be gone tomorrow in fact and your family might be in jeopardy as well as your whole financial future. There is no doubt that we all need to be more concerned about our future, but is home business ownership right for you?

Being your own boss, working around your family and being in charge of your own hours, income and holidays is an attractive idea. Also the most appealing aspect for many is the Lifestyle qualities we gain by running a successful home business! However, I have learned that not everyone should run his or her own business. How come many people running businesses are not successful, happy or fulfilled while others absolutely love it? The fact is that it all comes down to proper planning and having realistic expectations! Most people drop out within their first 2 years in business, because they simply expect the impossible to happen overnight. Did you know that most humans over-estimate what they can achieve in the short term (1-2 years) and under-estimate what they can achieve in the long term 5+ years? Any proper business model does take time to build, as we have to learn new tasks and acquire a new mindset of being self-employed rather than showing up for a boss and getting paid. Often enough when we grow as a business person, our business grows with us.

For many people starting their own home business is the best decision that they will ever make. They have done their homework, by properly researching their concept/product and have organised financial back-up. They understand that to make money they first have to invest into themselves and their business. From the time they start their business they are positioned for success. Yet for others, the decision to become self-employed is a complete disaster.

Statistics show that 90% of businesses cease within 10 years. You can increase your chances of success by using an established business model through a Franchise or Multi Level Marketing plan. Be aware of pyramid schemes that simply don