20 Charactistics of a Successful, Home-Based Business

20 Characteristics of a Successful,

Home-Based Business

So, what is a home based business?

Definition: A business whose primary office is in the owner's home. The business can be any size or any type as long as the office itself is located in a home.

Location, location, location – Eliminate driving in rush-hour traffic. Reduces stress level. Two out of three companies (of all sizes) begin in a spare bedroom, garage, basement or sometimes even a bathroom. Of course, the internet makes operating a virtual company from home more feasible and popular than ever.
Tax advantages – reduces personal taxes paid to the government
Business is scalable – grow your business exponentially
Teaching and training program built on previous successes, no previous experience necessary
Business the whole family can participate in. Spouse, children, parents, grandparents
No ceiling how much you can make. You are not responsible for creating all the income. Compensation plan isn’t changed because of your success
Legal, ethical and honest
Recession proof
Low Start-up cost – anyone can get into business for themselves
Available to anyone, regardless of race, creed, religion, education, gender, or age
No specialized skills or education needed
Family concept business – coming together of the family unit
Sell a product or service people already use
Start business on a part-time basis, crawl before you creep, creep before you run. Do this in your non-productive time
Health and Accident Insurance – No limit on time period
Transferability – business is willable and transferable. Provides financial security for the future
No favorites/shortcuts – nobody plays favorites, nobody else can cut in front of you in your road to success
Have a voice in sales marketing plan through an association of like-minded people. Gives you protection from changes the corporation proposes
Research & Development provided on the backend
Successful track record in all locations and with people of all different backgrounds. Proves you can do it too