Five (Bad!) Excuses For Not Starting a Home-Based Business

Starting a new business can be scary and it’s not uncommon to come up with excuses that keep you from trying something new. As Wayne Gretzky once said, “You miss 100% of the shots you never take.”

Here are 5 common excuses that shouldn’t stop you from starting a home-based business:

1. I don’t have the money. Is there ever a time when you have enough money? Most home based businesses start on a shoestring budget and grow from there. Consider the money it costs to launch a home business as an investment in yourself and your future. (And by the way, did you know that a portion of home business expenses are tax deductible?)

2. I don’t have the time. As the saying goes, “If you want something done, give it to a busy person.” Most people launch Homeowner Referral Network (HRN) businesses while still working a full time job or raising a family. If you realistically examine your day, you can carve out a few hours to work on a new business each week, especially if you love it.

3. There’s too much competition already. Do McDonald’s and Burger King operate in the same market? The answer is yes! And, as far as the HRN business goes, online lead generation companies pose no competition at all. If you have a proven business model and offer local, personalized and a professional service, you’ll succeed.

4. I can’t take the risk. When you look back at your life one year from now, ask yourself “Do I want to be in the same position as I am today?” You can either let your fear of risk hold you back or use it as fuel to do whatever it takes to succeed.

5. I’ll be embarrassed if I fail. Join the club. Everyone fails at some point. It’s part of the journey to success. The question is if your fear of failure is greater than your fear of not trying at all?

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