If you’ve been looking into starting a home business, you may have come across the leaders and teachers in the market place who happily tell you  that “anyone can do” the type of business they want you to start doing. Most of them mean well, and they usually really believe that anyone can do it. I don’t completely  disagree, but I think that the claim needs to be qualified.


If you’re going to build a home business, there are a few things you’ll need to have in place, or at least have the potential of  them becoming a reality. If you’re drawn to the idea of building a home business, you’ve got the first requirement. You’ll want to ask yourself some questions to make sure you’re in a position to take the next step.

Here are some of the questions I ask when helping someone decide if a business is right for them, and if now is the time:


Are you financially able to invest in the tools or equipment that is necessary for you to get started?  

Building a business doesn’t have to be expensive, but it will take some investment. Depending on what you choose to do, and how much of the required resources you already have, you could begin with very little money spent. You’ll need to assess what your minimum investment will need to be, and whether or not you are able to invest that amount.


Are you or can you become self-directed?

You’ll need to be able to take the initiative to oversee every aspect of your business. From seeking out excellent training and networking opportunities, to getting the daily work done. Are you diligent and disciplined enough to make that happen?

If not can you (and will you)  find support systems like accountability partners and groups and time management tools, etc.?


Are you willing and able to invest in mentoring?

You and your business will only grow to the extent that you are learning at the feet of someone who is where you want to be.  ((<–Tweet that) Even business coaches work with a coach! The best have one thing in common; they work with a coach who is where they want to be. This kind of mentoring doesn’t have to be expensive but it isn’t free. You probably won’t  need to invest coaching in the very beginning, but as you grow it’s something you’ll need to be willing to do.  (And here’s a freebie; you’ll need to be coachable. You can hire the best coach known to man, but if you don’t take action, you’re just wasting your money and that coach’s time.


Those are the first three questions I want you to think about. These aren’t in order of importance, just in order of how they popped into my brain. Stay tuned, (that means come back tomorrow) for the rest of the list. When we finish the list, I’ll have another homework assignment for you. You’re off the hook for today!


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