Count the Cost

Before becoming an entrepreneur in action, there is one thing you must do if you are going to succeed. Before you go out and rent office space, before you go shopping for supplies and buying advertising, you MUST count the cost.

Any venture that is entered into should always begin with counting the cost. Now when I say counting the cost, I am not necessarily talking about the monetary cost. While ensuring that you have the proper financing in place is very important, BEFORE you even do that, you need to count the cost of how much time you are going to need to work on your business, how much time are you going to have to take away from your family and other things you need to and want to do. You also need to count the cost of how much sleep you may need to lose.

When starting your own business working from home or even outside of the home, you will need time to plan your business (create a business plan or have one done for you). What are your goals, short term and long term? You will need time to educate yourself and familiarize yourself with your market and your competitors.

The Bible says in Luke 14:28, "For which of you, intending to build a tower, sitteth not down first, and counteth the cost, whether he have sufficient to finish it" This is very wise advice that can be applied to anything you do in life but especially with respect to starting a business.

Until next time...

Success at Home

It's been a while since I've last updated this blog. Busy busy with work!

Success is defined as the achievement of something desired, intended or attempted. When considering working from home, count the cost:

1. Is what you are doing now something you see yourself doing in the future?
2. Is what you you are doing now producing for you?
3. Are you happy where you are?
4. If you decide to work from home, do you have enough in savings to cover your expenses until your work from home job begins paying off?

These are all questions that you need to consider before working from home. Do not let any company convince you that you can just work from home and it's just that easy. Different people have different situations to consider.

For those without a source of "protective" income, perhaps consider work at home as a form of residual income and then if all pans out, you can move slowly into working from home full time. As a rule of thumb, don't quit your day job until your work from home business is producing enough income to cover what your day job was covering, for at least 9 months.