Guidelines for the Ideal Home Business
There is bad news and good news in starting a home business.
The bad news is 95 % of all new businesses fail within a short
time.
The good news is the home business industry has reached $427
Billion annually, and is growing at an amazing rate. And, 80% of
all millionaires today are self made.
So, there is a chance your home business will succeed but only
after you have given careful thought as to what that business
will be.
Here are some of the attributes of an ideal home business that
will improve your chances of success.
The Ideal Home Business:
1- Sell to the Entire World The ideal business must have an
unlimited global market,not just local or regional exposure.
2- Is not cyclical Your product/service does not rely on cycles
to be in demand. The demand is constant, regardless of time, or
price.
3- Product is Original Your product must be unique. It cannot be
easily substituted or copied.
4- Minimal Labor Requirements A large portion of capital is not
tied up in high labor costs.
5- Low Overhead Total overhead cost must be minimal. No high
priced rent, power, labor, shipping, etc.
6- Does Not Require a Large Cash Outlay The ideal business does
not tie up capital in all kinds of equipment.
7- Cash Only The business should be cash only. No money is tied
up, or lost,in accounts receivable, and bad debts.
8- Free of Government Regulations No business will ever be 100%
free of all government regulations,but these should be kept
minimal.
9- Portable The ideal business should be easy to relocate, and
can be operated from anywhere in the world.
10- Intellectual Satisfaction It must be a business that
challenges your intellect in order to provide self-satisfaction.
11- Free Time The ideal business should allow you to have lots
of free time for other interests that are important to you.
12- Unlimited Income Your income is not limited to your direct
output. In other words, you work less...but earn more.
13- Easy to Learn The ideal home business should be one that is
fairly easy for an ordinary person to learn, no matter what
their age, or level of education.
So far I have found only one business that fits the above
criteria, and that is trading the futures markets.