Adrian Newman’s latest ‘e-Wealth Daily’ article is titled “My 10 Personal Rules for Success”. [Adrian Newman’s Article]

Adrian Newman’s latest ‘e-Wealth Daily’ article:

My 10 Personal Rules for Success

If you are thinking of starting your own home-based business, but aren’t completely sure when the right time is to do it, let me give you some advice:

The time is now.

Now, I’m not saying that you should quit your job after you finish reading this to start this business. What I am saying is that if it’s been a thought in your head for, say, a few months, then there’s no reason for you to wait any longer.

And, like I said, the majority of the groundwork can be done while you’re still working your 9-to-5 job. Sure, it’s going to take some time juggling and some late nights, but nothing good ever comes without a little hard work.

Here are some tips to help you start your own business while you still work your day job:

1) Research your industry. Check out your competition, read as many books and articles you can from the experts in the business you want to start. Not all businesses run the same, so you want to make sure that you’re as close to an expert as you can in your field.

2) Set your schedule. While you can work a job while laying the foundation of a new business, you’ll also need to budget some prime time to meet with investors, banks and potentially lawyers and insurance companies to set up your company right. This might involve using some vacation days, but in the end, it will be worth it.

3) Prepare your home for your business. Some people can sit on the couch with a laptop and run a successful business. Others need a full office in their homes to be able to work efficiently. Whatever your situation, set up your workspace to your specifications. If you have a family, make it clear to them that this is work and not a place for social activity.

4) Calculate your start-up costs. Make sure you have enough funds available to get your business going. You might have to cut a lot of perks out of your life to save money to get your business off the ground. You might also need a loan or an angel investor. No matter what, don’t sever ties to your existing source of income unless you have enough to get started.

These are just four basic starting points. However, they are very important in the infancy of a new home-based business. But they can be done right now, while you’re working, and the sooner you get started on these four steps, the sooner you’ll get your business off the ground.

e-Wealth Daily

About e-Wealth Daily

The e-Wealth Daily Bulletin brings you daily tips, advice and breaking news related to home businesses, small businesses and internet marketing. Our team of experts gives you the information you need to take your business pursuits to the most profitable level. Founded by Adrian Newman in 2003, the e-Wealth Daily Bulletin and www.ewealthdaily.com are a division of Lombardi Publishing with online newsletters reaching over 100,000 subscribers each month.

* IMNewsWatch would like to thank e-Wealth Daily for granting permission to reprint this article.

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