Do you have a room that has its own bathroom and is private from the rest of the living space? Are you near attractions such as a tourist area, sports stadium or venue for a large annual event? Or is your home in the country with spring peepers, summer crickets and crisp fall nights that could give a city-dweller a weekend of peaceful living? Say you can rent the room for $150 a night for Friday and Saturday nights 48 weeks a year--that's $14,400 in revenue! Utilize what you have and create a unique experience.
Home-based businesses are in it for the long haul: Don’t assume that a home-based business is somehow a fly-by-night organization that has less long-term potential — this survey data found that 70 percent of home-based businesses are successful within three years of founding, compared with only 30 percent of regular businesses. This means that your home-based business might even have a better chance of long-term success than a typical brick and mortar business or retail storefront. As long as you can keep finding customers, making sales and finding new business opportunities, your home-based business can keep thriving and growing for as long as you want.
Running a business consulting company is a great option for those who’ve been involved in the process of building a business before. Whether you’ve gained your experience through working with a number of different startups or learned the secrets of business management in a more corporate environment, helping other entrepreneurs achieve great results can include everything from business planning and forecasting to liaising with banks and institutions.
76. Create a sustainable routine that signals the beginning and the end of the work day. “One of my earliest clients was a software coder, and he would go to the local diner early in the morning to look at the paper, eat breakfast, and [hang out] with locals. Then he would code for seven hours, and when his wife came home from her job they would take a walk, and that was the end of the workday—no more coding until the next morning,” says McGraw. home based business opportunities