Many home based businesses are failing. Studies show 90 percent of all home based businesses are failing to make any profit. There are many reasons for this. I believe everyone from the companies to the home business owners are at fault. Many people are afraid to join or start a home business because of all of the negative publicity going around. Many people who have actually started a with a business have lost lots of money but at the same time many people have also made a ton of money with these types of businesses. I will separate the myths from the facts in this article and explain what is really takes to be successful with these types of businesses. Hopefully this will put to rest any fears or questions you may have about the home business industry.
Like anything else in life you will alway’s have a few bad apples ruining it for everyone else. And this is what has happened in the home business industry. There have been a few companies who had one purpose and that one purpose was to scam hard working and decent people out of their money. Once this happened of course word spread and a therefore a bad rep was given. Another thing that has hurt the home business industry is bad advertising. Some companies make promises they cannot deliver on. For example make $100,000 a year only working 10 minutes a month. Claims like this are completely untrue and many people have been burned by companies proclaiming ads like that.
But it is not entirely the companies fault, either. This maybe something you are not used to reading or hearing but it is also the faults of the people looking to join or start a home business. Most business owners will not tell you that since they are looking to sell you something, so they tell you everything you want to hear. I will be very blunt, many people looking to go into this industry are looking for the quick fix. They are looking to make money overnight. Many will give up after one month of trying to get a business off the ground. Now as a business owner myself, I think that is crazy, quitting after a month is ridiculous. You have to give your business a chance to succeed by sticking with it and working it daily.
Over 90 percent of home based businesses fail because many people come in with the wrong mentality. They come in thinking they will get rich quick by only working 10 minutes a month. Some of the companies in this industry also do not help out since they make such claims, like work 10 minutes a month and make 6 figures. Building a business for yourself can be one of the greatest things you can do for yourself but you must understand a business takes time and work to build. It does not happen overnight. If you are willing to put in the work and stick through the ups and downs you will find yourself enjoying a life of wealth and abundance.