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The Critical 1st Year of Building a Home Business

     The fact the first year is so important is due to it is the year when we begin to learn if it is even feasible that we would start our own business at home. Our attitudes and habits and most of all our mindset will set the tone of how we will proceed; or determine that we won't be able to do it right now when we realize practically nothing is ever instant or magical about earning money.

Certainly if we have no way to survive while we build and grow our business, then we will have other real priorities. Money, time, and all resources available to us will determine whether we can come up with a firm plan by which we can manage our finances. It is necessary to live while we are building.

One of the worst attitudes could be that we speculate - we are overly confident or actually foolish to assume that if we spend our survival money (rent, food, utilities, etc) that we will certainly see a return on our investment in plenty of time to cover it. This is disastrous. There is nobody who can legally guarantee we will make any amount of income by any certain time.

If marketers make statements that we may interpret as such, but we have to see what they are actually saying is that it is possible. In fact they may be making money for quite some time and know what strategies work the most beneficial. Most if they are honest will tell you they struggled at first until they figured it out. Some will show us precisely what they do and will share documented statistics to ensure it. It may be true. However that's no guarantee it certainly will work the exact for us - 'results are not typical'. It really will depend on the actual we want it and how hard we are willing to work to get it. (...and also if we actually follow-through and stick to our plan).

So what we have to do the first year is set a budget and focus on how we will generate income to survive, how we will manage our time and resources so that we start to focus our assets on our business. We can say 'you can't get blood out of a turnip' - (where will we get the additional money to get by AND make a small investment - such as an affiliate program or two, and/or a few marketing tools or services to market and advertise your business).

The first year we will decide whether we wish a business bad enough to sacrifice - and while it is true many are cutting it pretty adjacent to the bone financially, if we take stock of every dime we spend - we will see where we can find some dollars to throw toward your goal; and then we can quickly determine which is the priority - e.g., is a $5 designer coffee more important; or going out to lunch, how exciting is that? More examples are trips and all sorts of entertainment we can skip - staying home and saving $25-$50 for example. We should start to put that aside - in a savings account or somewhere even just on paper.

If we have plenty of money to survive then we can focus our attention on eking out the time we are going to need to spend planning and working on setting up a home business over TIME. Be realistic - do you have 2 hours a day, or 2 hours a week; and again ask yourself where you can save yourself some time from - ocassionally it matches just where you might save money. Funny how that works! :)

Article Source:

Bengt Michelsen owns where popular home business ideas and opportunities are tested rigorously to find out what works and what doesn't. Visit today for more info or check out our #1 work-at-home program at:

Posted on 2014-02-18, By: *

* Click on the author's name to view their profile and articles!!!

Note: The content of this article solely conveys the opinion of its author.

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