“When are you going to get a real job?” “What are you up to now?” “Oh is it one of those pyramid things?”
Many home based entrepreneurs will tell you that they have heard at least one or more of the above phrases from so-called family and friends. Part of the reason home businesses have a reputation that they aren’t real businesses is because some home business owners treat their venture more like a hobby than like a business.
Longevity rates of home businesses are low because so many of them don’t make a profit. Eventually the owners will come to the realization, or a spouse will be painfully aware, that they are spending more than they are earning. Many home business owners are more concerned with being home than they are with actually running a business.
How do you keep your home business profitable?
The best way to keep your business profitable is to RYBLAB – Run Your Business Like a Business. Whether you’re home based or you go into an office, success is contingent upon you viewing your business as a business – a real business. If you treat it lightly and don’t take profits seriously, then is it realistic to expect to be profitable? [Read more…] about How to Keep Your Home Business Profitable