Self-reliance is a virtue that will carry you through the difficult times. Before you consider starting a home based business, you need to determine if you have the necessary space and facilities needed to operate the business. Check with the zoning requirements in your residential area to determine whether the kind of business that you are planning is allowed. If you live in an apartment complex, consult with the management on what you can and cannot do in your business. Beyond the creation of the product and the provision of the service, an entrepreneur must know how to sell.
Every business depends on sales to grow and expand.
Conglomerates have huge sales force, but most home business owners have only themselves to rely on in selling their products or service. As a home based business owner you will have to sell your product and services to your target markets. Don't expect to hire others to sell for you. In a corporate setting, social life is given as you can stop by to chat at the coffee maker, go out for lunch with your colleagues and consult your boss on a difficult project. A home business can drastically limit your sociability, as you work mostly on your own.