A lot of people are going to launch their own home based business this year, and the vast majority of them are going to fail miserably at it. For one reason or another people fail sometimes at what they attempt. Trust me, I know- my home based businesses failed numerous times before I finally found a formula that worked.
As much as I’d love to say that there’s a light at the end of the tunnel I am unfortunately forced to lay out the brutal truth: there isn’t. Building a profitable business is not something that happens overnight (unless you’re incredibly lucky)- it takes hard work, persistence, and even a bit of luck.
Here are the top six reasons (in my experience) why a home business will ultimately fail:
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Good points!
sometimes I think what does it take to start a new project every month. From my side I dont lose anything except my time and efforts. May be one of them will go through!
It only takes one successful project to line your pockets, and if all you’re losing is time I don’t see why you wouldn’t try
Good Article Cameron,
It’s funny how MANY people will start a home based business, but then quit when they require a bit of work.
I’ve found that it’s actually not that hard to make money from your own business, but you have to be willing to learn the ropes and apply some good ol’ fashion hard work!
I think another problem people have is big expectations right away. Almost anything new is going to have its rough patches. When I first started daytrading on my own I expected to make money right away, I quickly realized that it takes time and hard work.
Laziness is the biggest downside here. Its not that my business is failing but it could have been better off by now if i actually worked 8 hours a day.
It’s not always about being lazy: sometimes it’s ignorance that causes failure.
I’ve worked my rear off for projects that have failed simply because I hadn’t a clue how to tap into the market.