#1 Pro to Owning a Work based from home business: Independence

One of the pros of having a work based from home business is the freedom it grants you. As the owner of a work based from home business, you get to make all of the decisions for the business. You no longer have to sit idly by and feel frustrated as the company you work for makes decisions you feel are poor. In addition, you call the shots. You decide how much or little work you wish to do.

#1 Con to Owning a Work based from home business: Added Responsibility

Some people enjoy having added responsibility. For others, the thought of being completely responsible for the success or failure of the work based from home business can be overwhelming. After all, one wrong move or decision and your work based from home business can experience serious setbacks. If you do not trust in yourself and your ability to make decisions, starting a work based from homebusiness may not be right for you.

#2 Pro to Owning a Work based from home business: Complete Knowledge

When you work for someone else, you do not know everything that is going on behind the scenes. In fact, thousands of people throughout the country have, unfortunately, experienced the shock of having their employer close its doors unexpectedly. For these employees who were left in the dark, it comes as quite a shock to think their job is sturdy and strong one day, only to find they no longer have a job the next.

With your own work based from home business, you are always fully aware of how the business is doing. If things are not going as you had hoped, you generally have enough heads up to know that you need to look for alternative sources of income. With a work based from home business, you are in complete control of your financial future.

#2 Con to Owning a Work based from home business: Time

To successfully start a work from home careers work based from home business, it takes a great deal of time. During the first several months or even years, you might need to put in twelve-hour days or longer getting your business started. Even after it has become successful, you may find that you are putting more hours into your work based from home business than you were putting in at your previous nine to five job. Putting time into your business is particularly important if you wish to stay ahead in the industry you have selected and to gain new customers while retaining old ones.

According to Jonathan Kua, the business unit director of the Singapore Economic Development Board (EDB), EDB has a “3P” approach in assessing an idea — Got potential? Got plan? Got proof? This is a very effective and simple approach which we can apply to work from home based business.

Taking action is making your dream to work from home business comes true. It is actually a chain of activity consisting of six stages: DEPART — Dream, End, Plan, Action, Result, Tips.

1. Dream.

Glynis Nunn said, “Everyone has dreams. But it is what you do with these dreams that are important. Dreams, once you make the decision to act on them, can become reality.” Dream with no action is just a dream.

Your dream is your idea, your vision. This is where the question “Got potential?” is raised and answered, and where you analyze the best alternative of work from home online opportunity to make the dream about work from home business becomes a reality.

What is your dream about your work from home based business? Who will benefit your service or product?

2. End.

Stephen Covey said, “Begin with the end in mind.” The end is the goal you are aiming to achieve. The hardest part is proving that work from home business can work. You may refer to statistics or analysis as your back up, to get qualitative or theoretical answer to the question “Got proof?”

The goal of your work from home business must be STAMPS: Specific, Time-limited, Action-oriented, Measurable, Purpose-driven and Stretching.

Specific. Your goal must be clearly spelled out, not vague.

Time-limited. Your goal must have a time frame and deadline which will force you to watch and put your best efforts to fulfill.

Action-oriented. Your goal must inspire action.

Measurable. You must be able to measure the goal so that you can express its progress using figures of measurement.

Purpose-driven. Your goal must be reasonable, i.e. it has a strong ‘Why’ behind it.

Stretching. Your goal must be challenging, something which pushes you and yet is achievable.

Consider the goal you plan for your work from home business: How much money do you aim to earn? When will you achieve it? What actions will you take? How do you measure your goal? What are your reasons in work from home business? Is your goal to pursue work from home online opportunity challenging enough to stretch you to be a better person?

3. Plan.

Failing to plan is planning to fail. To achieve the goal, you need to make a plan to answer the question “Got plan?” According to Dennis Wholey, “Happy people plan actions, they don’t plan results.” So, plan to make work from home based business come true!

4. Action.

Harvey Mackay said, “Ideas without action are worthless.” Setting the goals of work from home business by itself will not bring you success. You must back your goals with massive action and undying determination to realize work from home online opportunity. As Robert Half said, “Acting on a good idea is better than just having a good idea.” By acting on your dreams and goals in the work from home based business, you make them your destiny.

5. Results.

The results represent the real, tangible answer to the question “Got proof?” Maximum results can only be accomplished after you take massive action with undying determination in pursuing work from home online opportunity.

6. Tips.

This is the stage often disregarded. After completing the action and getting the results, people usually move to next program. To continually learn, it is important that you test and validate your work from home business results. What are the lessons learned? What have been going well? What need to be improved? What is the next work from home online opportunity?

By taking 6 steps actions in DEPART, you actually have started the journey of you work from home business. It is the continuous actions you take on daily basis that will bring you closer to your dream.

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