1. Be female! I'm a male myself but nearly every time I have read of a great success story in the small business magazines recently it was a female entrepreneur in the spotlight! eBay businesses especially seem to have a large number of female success stories and there are any number of work at home moms doing great.
2. Make a business around something you are already knowledgeable or passionate about. It is far easier and much more pleasant to put in the long hours when it is a labor of love. There is also much less of a learning curve.
3. Start on a part time basis while you are still employed. Depending on your business it might be several months before you are seeing enough profit to live off of comfortably. Not only day to day expenses must be covered, make sure you have a reserve too in case of an interruption due to illness or other problem.
4. Avoid dependency on any one anything. Do not allow your fledgling business to be dependent on any one customer, or supplier, or advertising channel, or bank - get the picture? You do not want to find yourself in dire straits because of a change in any one factor.
5. Have a business plan. Know what your goals are and the steps needed to reach them. Know what you need in terms of supplies, time and help. You will need help.
6. Share your problems with others. Having a mentor, or even just a friend with business smarts, to bounce problems off is invaluable. Bouncing those problems around often throws up opportunities and possibilities you would not have thought of yourself.
7. Don't forget to love your family. They are putting up with your being wrapped up in your new small business maybe even suffering financially for it too. Spend enough time with them to let them know they are still the most important thing to you and their support will continue.
Free advice on planning a small or home business: Small Business Planning
So many ways to make money at home legitimately: Home Business Ideas at WorkAtHomeFiles.com, a free site helping you get started in home business.
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