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What Is Your Goal In Starting a Home Based Business?

Have you ever been in a situation where you were in unfamiliar territory and did not know how to get to the place you wanted to be?  Have you ever looked for something, but were not sure what it looked like?  Have you ever felt over-whelmed by your circumstances but did not know how to get out?

This may be some of the emotions and feelings that you have when thinking about starting a home based business or an online business.  You may not know where to start or where to turn for help and guidance.  You may be over-whelmed by the information available to you through the Internet.

The very first step in starting your home based business is to decide what you want to accomplish with your business.  Are you looking to make some extra money to help cover the rising costs of everything?  Are you hoping to build a successful full time business to leave your current JOB?  Are you hoping to replace lost income from a recent JOB loss or other set back?

You have to be honest with yourself when you think about why you want to start a home based business.  How can you progress forward if you do not know what you want?  Once you realize what you want, then you can start to look at ways to make it happen.

How much time do you intend to devote to your home based business?  If you want to make a few extra dollars a month, then you may only need a few hours every day to accomplish your goal.  If you want to create a full time income to replace your current JOB, then you may need to devote all the extra time you have to accomplish this goal.  You must be reasonable in your expectations.  You can not expect to make thousands of dollars a week, when you only spend a few hours a week working towards the goal.

What time frame are you looking at to accomplish your goal?  Do you expect that you will make a few hundred dollars a month starting the first month in business?  Do you want to quit your current JOB next month?  Once again it is important to be reasonable in your expectations.  You can not expect to make a large sum of money in the first month.  You can not expect to quit your current JOB in a short time.

It may take a month or longer to see your first sale.  It takes a period of time before your website will be listed in the search engines.  You can do some things to speed up the process, but expect a period of time to elapse.  I have seen websites listed within 8 hours, but all the conditions were present for this to happen.

It is very important for you to set reasonable goals that are specific and have a date associated with them.  For example you may want to make your first sale in two weeks.  You may want to make $2000 per month by the end of the year.  You may want to quit your current JOB in 8 months.

Once you set your goals then you want to find ways to make it happen.  Keep pushing yourself to make the goal.  Once you make a goal, then set another.  For example once you make $2000 per month, you can set a goal to make $4000 per month in a 6 month period.

It is also good to set a big long term goal that may take a few years to reach.  Set a mid range goal that relates to the long term goal, but will take less time to reach.  You can also set more then one mid range goal that will help you to reach the one long term goal.  Set more then one short range goals that will help you reach your mid range goal(s).

For example you may want to own your own home with out debt in 3 years.  You will likely need to make a certain amount of money to achieve this goal, so you could set the mid range goal to pay off existing debt within 2 years.  If you want to take out a loan to get your house, then a mid range goal may be for the down payment for the house and the long range would be to pay it off.  Short range goals would include making your first sale, making $1000, Making $10,000, etc.


 















 


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