Business opportunity and home based business are two of the highest used search terms in the popular search engines. It is quite evident that this year of economic meltdown has started creating high level of insecurities amongst people around the world.Layoffs in big numbers are not shocking news anymore and we are almost getting used to it. However, people are looking for options and a home based business are normally their first choice and one of the best choices.Reasons for their choice:o The feeling of insecurity about their existing jobs
o Lower capital investments while starting a business from home
o Ability to reach globally with the help of websites and internet
o Cheaper telecommunication due to Voice Over Internet Protocol
o The heart swelling feeling of financial freedom
o Laying a foundation to something really substantial down the line
o More time with their family and activities that are important to you
o Opportunity to work on their ideas which were suppressed by their former bosses
o Low cost in business operations from home than a brick and mortar business
o In pursuit of happinessApart from this, people with some disabilities or other reasons who are not capable of going to a job have started taking keen interest in computer based online businesses.A business opportunity from home is a brilliant idea for the retired people as well. Their years of wisdom will come truly handy while running their own business. They will have already gotten over the idea of becoming millionaires overnight. Therefore, they will not get carried away by unrealistic proposals which are a complete waste of time, efforts and money. They have long histories of hard work and being consistent in their efforts.Reality check:Although home based businesses are a very viable source of income, the statistics reveal that only 5% of the people actually succeed with their business ventures from homes.The reasons could be:o Being in a wrong business or getting conned
o Setting false expectations
o Poor business planning and execution
o Looking for a business opportunity without investments which is just not logical
o Procrastination and lazy attitude
o Poor time management
o Inability to learn and implement new tricks of the trade
o Mismanagement of resources and operations
o Unable to sustain their ongoing expenses till the business starts paying up
o Flaws in decision making
o Getting on wrong side of the lawIf you have the entrepreneurial mindset, you can surely succeed in your business. It might take time but success will be inevitable if you really work towards it. You will need to push yourself to do whatever it takes to make it happen. This means that there is a lot of new learning involved and you’ll need to keep yourself updated at all times. It is only then you will be able to throw away the fear of job layoffs permanently. Team work is always easier to achieve success in rather than totally going it alone.The business opportunity has a lot of factors which are associated with it. You will need to learn them very fast in order to succeed. It is surely not going to be as easy as a walk in the park. Primarily, you will need to cultivate a lot of patience and keep working hard all the time. Learn from your mistake and study what other people are doing online or just a home based business to succeed. But are they for real or just trying to get you to work with them, giving up your financial investment. Feel with the heart and think with the head.