To this very day,I still maintain some fashion of a business I run out of my home.
My main business model is something I have always called "The Scam" which is fueled by capitalism.
Money talks,and so do you if you want success
If you have a product or service that is unique,it will serve you no purpose unless you can get it out there,so networking is essential in order to do business on any front from square one.
This is the front where those who have social limitations will be at a deficit.
As a former introvert,I turned up the extrovert dial in order to sell.
The first product you need to be able to sell is yourself,long before your goods or services go to invoice.
A business plan is essential in order to get a feel for what expenses will be involved before you even consider hanging your shingle.
When working up your plan,try to consider each aspect of expenses even down to the pencils you will need in order to remain solvent.
Success at times is just a matter of being in the right place at the right time,unless your goods or services are so unique that they create their own demand.
Opportunities often knock,but it is up to you to determine when they do and how feasible they are for you.
If you aren't paying attention to the pulse of the market you are trying to enter,you will be left in the dust of those who went before you
and made it work.
One of the recommendations I have for a person interested in a startup is to seek employment in the desired field to gain knowledge of what does and doesn't work when conducting business while someone else bears the financial responsibility involved in it.
There is no reason why you can't get your startup running while employed by someone else if you are willing to sacrifice a lot of your time.
An entrepreneur is often described as an individual willing to give up working 40 hours a week to work more hours for less money,so don't be alarmed by the amount of time you must spend until you are up and running strong.
Even after you are,you still have to watch out for financial hemorrhages as they come up.
Who you work for may not be doing it right in your eyes,but if they have success,it might be a good idea to follow their lead until you have determined that you are ready to take on the deep end of the pool.
Once you are established,you can make subtle changes to your model in order to correct smaller errors on the fly.
Once again,you must stay focused on the financial pulse of your operation in order to know if your changes are in fact going in their intended directions.
Failures are inevitable and often unavoidable,but the most important part of making a mistake is the ability to determine why the failure occurred and to use it as part of your learning process to not repeat the same mistake.
My business models were always supported on several fronts in case of a major failure that would pull the entire wall down and leave you with your pants around your ankles and wondering why you can't pay the bills.
Early on,too many eggs in one basket is never a good idea,so keep your options open and always look for more opportunities to come up.
If one aspect of your business goes belly up,you still have a backup plan in place to cover your losses if you maintain several fronts.
A strong understanding of financial operations is necessary but can be overcome if you are willing to pay others for accounting services or hire people that can do it for you.
Self employment is for many very viable,but not always a walk in the park by any means.