There’s no avoiding the facts. Up to 95% of businesses fail within 5 years, so if you’re going to start a home business, you need to be informed and you need to make smart decisions. I have no idea of what your goal with a business is, but this article is going to help put on the fast track to success, whatever ‘success’ means to you personally.

The first tip is to create your own business instead of joining another business. The fact is most network marketing companies only make the top few percentages of people rich, while the rest struggle along. And most of the home business opportunities you join give you a website that thousands of other people have. Most of these sites are poor in quality too and very generic. HULT PRIVATE CAPITAL

The second tip is to create a business plan. Far too many people come online with what I call the ‘lottery mentality’. They just pick any business that excites them and go with it. In a few days, they have quit the business and joined another one. It’s something I call ‘home biz opportunity addiction’. Focus on one business model and make it work.

Now we come to the last tip. This is a good one so pay attention. You have to spend money to make more money online. Note – I didn’t say you have to spend money to make money, but you have to spend to make more. Free advertising can only get you so far. And free websites and free auto responders are to be avoided like the plague. So if you’re serious about your business, invest in it.

 

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