Many have set sail into the wild blue yonder in search of Paradise. This Paradise is defined as the “I am my own boss” world of home based business ownership. The landscape is dotted with the left-over carcasses of men and women who have tried and failed in this endeavor.Studies and statistics show that nearly 97% of all home based business fail. These 3 simple must haves will help you to avoid the traps and navigate your ship through the often stormy waters of home based business ownership.1) A Game Plan! This is probably something that falls into the “no brainer” category, but far too often we see and hear of people who are starting their home business but haven’t got a clue as to where or how to start. Not only do we need to know where we want to go but it would be wise for us to examine the details of how to get there. We should also carefully consider the costs associated with our new venture as well.2) The second thing every successful home based business owner must have is a DMO or Daily Method of Operation. Without this vital daily action plan we, will find ourselves wasting time and effort doing things that are non productive. Even small home business owners would do well to examine what some large production and or manufacturing companies do on a daily basis. Many have processes in place that help to drive results and eliminate unnecessary wasted effort. Remember, you’re in business to make money and not waste time and energy.3) The third thing that every home business owner must have is a good computer and at least a general working knowledge of how to use it. The days of paper applications and processes are long gone. Many files and old paper processes have been replaced with computers and various computer programs. No longer is the standard letter typed on a typewriter and mailed. Much of our communication is handled through email. The person who does not have a computer and have it in use is far behind the competition. This may seem basic to many, but there are still some people with an entrepreneurial spirit burning within that are not using the tools that can help them to be successful. A good computer in today’s business environment is as much a necessary tool as a good set of wrenches to a mechanic. Not only does the good mechanic have a functional set of wrenches but even the mechanic is using the computer to find valuable information for his trade on the internet.a) In addition to a good computer it would be good advice to get an internet connection and have the world at your fingertips through the world wide web.While there are an infinite number of things that the successful home based business owner should have, just paying attention to some of the basics will give you a foundation with which to build upon.

There are literally thousands of people who attempt to start a home based business each month. Some of them concentrate on direct sales, signing up for companies like Avon, Tupperware, Mary Kay, or Thirty-One Gifts. Others decide to market their handmade products online at sites like Etsy. The majority of people focus on setting up an Internet empire with a web-based business plan that is meant to take them to complete passive income. Unfortunately, only a tiny percentage of those who embark on this journey succeed. Why? These few individuals are the only ones who know exactly what it takes to reach home based business success.Success is not just a matter of luck. In fact, anyone can accomplish home based business success if they have the right tools and best strategies backing them up. Do you want to know the secrets? Of course you do! Here is what it really takes to reach the home based business success that you desire.First, you need to have a great product or service to sell. You can’t just create a website and expect to make a million dollars overnight. Your website needs to have a purpose, a direction, and an ultimate goal. If your goal is affiliate marketing, you need a niche to direct your content topics. If your goal is sales, you need to have amazing products. If your purpose is to get people interested in your services, you have to be prepared with a truly great service to offer.Second, you have to be committed to do the work. If you want home based business success, be prepared to work hard to achieve it. You will need to invest hours in developing your new business. You will have to create a website, develop a marketing strategy, and then market your business while you maintain it. This means you have plenty of work ahead of you! The good news is that if you stick with it, you will enjoy the home based business success that very few people ever actually achieve.Third, you need a good dose of creativity. The most successful business professionals know how to think outside of the box. How can you make your business stand out from the competition? How can you make sure that people gravitate towards your products rather than someone else’s? What makes your business truly extraordinary? These are questions you must explore if you want to be truly successful.Finally, you should have an iron will and a heavy dose of patience. Success takes time, especially if you are an entrepreneur starting your business from scratch. Whether you are working in direct sales, affiliate marketing, or direct product manufacturing, your home based business success will depend on your staying power. Will you stick with it as long as it takes? Will you ride out the waves when adversity strikes or will you quit? Perseverance is the ultimate key if you want to be among the few elite and successful people in the business world.

To quit the rat race and make money in your own home based business is one of the fondest dreams of millions of people.But is it really possible to run a real legitimate business from your own home? Can you make money by working out of your own home?It is a fact that home based businesses are one of the fastest growing forms of enterprise around the world today. As employment opportunities continue to shrink, lay-offs and redundancies being the order of the day coupled with the high cost of starting a traditional business, more and more people are turning to home based businesses.Indeed, there are those who have become millionaires working from home, and many more are earning more than they would get at a job.In this report, we look at three principles when running a business from home, no matter where you live. Remember your home based business is a business and should be regarded with the same level of seriousness that you would any other business or at your job.1. Be CommittedOne of the things people like about working at home is the allure for time freedom. Whereas that is true, the fact is that you require total commitment to be successful at your business.As with any other business, your work from home business will demand your time and effort. Granted, it will eliminate commuting time, but you must have the discipline to work and resist the temptation to do other things that waste your time.2. Be ProfessionalWorking at home is not an excuse to be slack. Your business is a serious venture and not a casual fling. It will take planning your activities, organizing your work, keeping good financial records and maintaining business ethics.Continuous learning about your business coupled with personal development are critical for your personal and business growth.3. Go GlobalThe Internet has made it easy to run a home based global business from any part of the world. The nature of most home based businesses do not limit the market for their products and services to the local domicile.Going global increases your market and provides you with the opportunity to earn much more. It also means that your business does not close shop, day or night and you should be prepared for this reality.Your home based business will provide you with new challenges that help you grow and develop, both as a person and as a professional. It will be possible for you to achieve your desire for time and financial freedom, but you must also stay committed and be in it for the long haul.