Find the Probability of Success for Any Online Home Based Business Opportunity

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Like baseball, if you miss all three, you are out.
You can not know what you do not know.
If it was indecision, there was something you could have done.
Peter Drucker defines opportunity this way:

“Opportunity in the market place is because of a process of convergence of forces that were previously not together.
The essential forces Peter Drucker did not individually identify as converging will be enumerated and discussed in this article.
This article will describe these five essential forces that must be in place for any online home based business opportunity to be successful.
They are universal, abstract, and independent of business type.

A simple analytical method to evaluate these essential elements and arrive at a numerical figure of merit will be presented.
You will arrive at a numerical rating for the relative strength for the Probability of Success (S) for any online home based business opportunity you care to evaluate.
This will remove emotion from the decision process.
All five forces must be present simultaneously.
They must all be in the right place at the right time to create a successful online home based business opportunity.
They are like the spokes in a wagon wheel.
Each factor dramatically affects the success of any online home based business opportunity.
If there is no convergence, there is nothing you can do to make the business a success.

Opportunity presents itself only when all these forces are in simultaneous alignment.
The order in which they are presented is no indication of their relative values.

This method is not buried in concrete.
When you finally establish a value, stick with it.
For example, if you decide leadership has a maximum value of 2 or 5, stick with it on any online home based business opportunity you wish to evaluate.
In this case, Leadership has been arbitrarily assigned a maximum value of 2.

1.
A viable online home based business opportunity must have very deep pockets or be owned by a company with very deep pockets, preferably a parent company that has already gone through the growth cycle and has the funds to support the new growth.
Products (D) (Maximum = 20)

Leading Edge Product Technology (Maximum = 5)

R&D

Proprietary (No other place to get it)

Competitive

Product Quality (Maximum = 5)

Quality, like Reliability, must be built into the design and process.

Product Fills a Recognizable Need (Maximum = 5)

There should be a clear need for your product or service.
There may be very little demand for 78 rpm vinyl records.

Trends (R) (Maximum = 20)

Demographic Trends (Maximum = 10)

As individuals, we can not create a demographic trend.
The “Baby Boomers” are the largest market in history.
When the first of these babies were born, a powerful demand for baby products materialized.
As these babies started shaving, Gillette started making huge profits.
As these babies began to have babies, the Mini-Van became desirable.

Economic Trends (Maximum = 10)

Individuals do not create an economic trend.
Real estate is sensitive to interest rates.
Cosmetics, on the other hand, are virtually immune to economic downtrends and would be assigned a high number.
If your online home based business opportunity is immune to economic trends assign a high number.
In an online home based business opportunity, the mantra is Timing, Timing, and Timing.
Timing, like trends, is also beyond your control.
There is nothing you can do to improve timing.
If timing is present assign a high number based upon the following criteria.
Formulation Phase: (Maximum = 20)

This is the phase where research and development are just completed.
This region is characterized by slow, deliberate growth.
It is defined as the region of the growth curve where income from sales is less than $50 million per year.
It requires forethought and knowledge.
It requires due diligence on your part to study the online home based business opportunity and arrive at your estimate of the strength of the five essential force ingredients of a successful online business venture.

B.
This is the point which will determine ” When”.
From this point onward, the curve rises ever so steeply.
If you are not on board at this time, your online home based business opportunity will quickly leave you behind.

C.
If you have exercised your desire, ability, and motivation, you have already become a participant before your online home based business opportunity reaches momentum.
There is nothing you can do to stop the momentum which is now building beneath you.
It is like a giant wave that carries you to the pinnacle of success.
For example, you could buy Microsoft stock now, but the big opportunity is already over and it will never come back again.
If you find your online home based business opportunity near the top of the curve, near stabilization (defined below), assign timing a number closer to one.
Stabilization

This is the area where the exponential growth has died out.
Sales are good, but sales are not increasing exponentially.
The curve is relatively flat, and growth has slowed to a value similar to the development phase.
It is passed.
There is no online home based business opportunity.

Compensation (K) (Maximum = 20)

Leverage (Maximum = 10)

If you trade time for money, you will never get ahead by investing one increment of your time for one increment of income.
You will get by, but you will never get ahead.
That is done by leveraging yourself.
Paul Getty stated this clearly when he said:

“I had rather have one percent of a hundred people’s efforts than 100% of my own efforts”.
g.
If you can leverage yourself, assign a number closer to 10.

Override (1)

If you receive override compensation on the efforts of others, assign a value of 1, otherwise zero.

Residual (2)

If you can build your equity to the point that you have residual compensation from your previous efforts, assign a value of 2.

Define the Possibility for Success (P) as being totally dependent upon the sum of the five prime forces required for a successful business (above).
The only thing you will do is evaluate each ingredient and assign it a strength value.
Assign each one of the five ingredients a value from zero to 20 according to the instructions presented above.
) You have determined all the values for C, D, R, T, and K.

Add up all five of your separate evaluations.
Let M be limited to a number between zero and one with zero being the worst case and one being the best case.
Determine this multiplier number by self-evaluating your desire, ability, and motivation.
Too many people say “I don’t have the time.
Successful people do not have time—they make time.
But unto thine own self be true.
The probability for success is 100 percent.
It is no longer a question of “If”.

Get on board this online home based business opportunity fast

Use this procedure one each online home based business opportunity that you wish to evaluate and compare.

To find out more about an opportunity please check out this website: http://tinyurl.com/3hc6gmr

Your Home Based Business Office Do You Really Need One

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Do you have yourself a Home Based Business? Do you have a separate room set up for your office? Is it quiet, without any distractions?

I was reading something last night that really hit home with me! So, as much as I hate to admit it! I AM SO GUILTY of this one.

The article was actually about just taking 5 minutes of your time each morning, before you start getting to work on your home based business and straighten something out in your office or life. It could be anything that you think would help you to get yourself more organized, maybe clean off your desk, file some papers, it could be just about anything.

Then she went on and talked about looking around and finding the things that you were not happy about and change them. If you had a mess to get rid of it, if you didn’t like the way things were, to change them.

This Really Hit Home With ME.

Well, I went out today and bought myself a new desk and a nice chair. You see I do have a computer desk, with my computer and printer on it, that’s about all that I can do on it. It is more of a Hum- How would you say? Yes piece of decorative furniture!

Also it is located in my kitchen. I actually have an open concept in my home, the living room is attached. Is that how you would say it? Yes I guess so – I have access to everything right from that point. The fridge, the stove, the sink, the TV, etc. I actually had my laptop sitting on my counter, with my router box right next to it. We would trip on the cords daily. Truthfully!

Are you getting what I am saying here? Yes, this did work, for a while anyways; until I saw a dirty dish, noticed my plants needed a drink or a suddenly thought I needed a snack. Everything was real convenient; I had a lot of distractions.

Well I did find a few strong boys to carry this big old desk and set it up in the basement. I now have myself an office to work my home based business. Yep, its real nice & quiet too. I actually have got more done in the last 3 hours then I have in 2 full days!!! Wow! I am here to tell you guys!!! Get yourself a space you can call your own to work on your Home Based Business! You will find yourself getting more things accomplished by simply getting things in order.

I just don’t let those little things bother me, so I didn’t think it was a big deal. But now that I have set up my own office, I realize it is a big deal.

If you are just getting started in a home based business opportunity, or if you have one already and you don’t have an office set up, do this today! Everyone tells you this is the first step to take, but how many people actually do it? I didn’t, I thought that I had my desk right next to me and that was alright!

NO It wasn’t, Believe me you will get more done and become successful so much faster if you start working your Home Based Business the right way.

Remember, set up a schedule and keep to it, don’t forget to schedule you breaks, this is important. You now have a plan, so stick to it and soon you will see your Home Based Business Boom!

Chery Schmidt
Internet Marketing Coach & Home Business Mentor
Specializing In Helping Others Succeed Online
Grab A Free Copy Of My Report –> The Ultimate Game Plan For Online Entrepreneurs: http://www.CherysOnlineGamePlan.com/?t=artbiz
Love What You DO & DO What You Love

Home Based Business – Why Starting Part-time Is The Smart Way To Success.

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With the development of various technologies and with low start up costs it has become much easier today for Entrepreneurs to start a Home Based Business. It is estimated that in USA alone there are over 40 million Home Based Businesses. Home Based Businesses represent 63% of all Small Businesses. Furthermore over 75% of these businesses are operated on a part-time basis.

Some of the reasons generally attributed for starting a Home Based Business are; the fulfillment of a dream, the necessity for an additional income or to have a back up income in the event of losing the present secure job. A reason that is more universal is that most people love to own and run a Home Based Business and would like to experience the thrill and excitement of operating a business from home either full-time or part-time. The majority of those who come under the last category are often under the misconception that it needs very little effort to operate a business from home.

If you have an idea of starting a Home Based Business it is advisable that you should start by running it on a part-time basis while continuing to work on your full-time job. There are several very compelling reasons for adopting this part-time business strategy. I shall enumerate the most important ones below.

1. In spite of your enthusiasm and determination to succeed in your Home Based Business, your attempt could end up in failure for various reasons. In such an event you could always fall back on your full-time job. Talking about failure can be disconcerting to some but you have to be prepared for any eventuality.

2. By starting as a part-time business, your investment both in finance and time will naturally be small thus minimizing the risk involved.

3. While in the process of establishing your Home Based Business, you still have to settle your monthly bills. It is the full-time job that can help you tide over this situation especially during the early months of your part-time business. If you start making profits early in your business then build up a reserve fund to start your full-time home based business.

4. The very thought of your having a regular full-time job with a steady income will give you the confidence to take a reasonable amount of risk in your part-time home based business. This will not be possible otherwise.

5. The presence of a full-time job means that you will not be under excess pressure to perform in your pat-time business for your survival. You can learn business skills, acquire business knowledge and grow gradually at your own pace.

6. By holding on to your full-time job you can continue to enjoy the benefits of health insurance, leave and other benefits till you establish yourself in your part-time business.

7. In the event of sustaining loses in your business during the first year or two; these could be written off when submitting your tax returns.

8. It is much easier to obtain bank loans, credit card facilities and other financial benefits for your business while you are in employment. Why not take advantage of this and grow your home based business while you are in employment.

9. If your intention is to become a home based business entrepreneur one day, then make use of your full-time job and lay the foundation for your home based business by making the necessary contacts with people who could be useful to your future business and could also end up as customers. You should of course ensure that your actions do not come in conflict with the Management policies of your employer.

10. Quitting your full-time job one day and starting a full-time home based business the following day could end up in chaos and disaster unless you have very strong support from experienced entrepreneurs. On the other hand if done gradually transition from full time job to full time home based business becomes much easier.

Having said the above, it has to be mentioned that there are ofcource certain disadvantages in the method indicated.

Doing a full-time job and running a part-time home based business can be strenuous and you can experience burnout and consequently neglect either you business, job or even both.

Excessive indulgence in your part-time business can eventually lead to under performing in your full-time job, thereby creating problems with your Boss or Employer.

You will have to sacrifice much of your precious family time for the sake of your home based business.

Success in your home based business or for that matter in any business does not come easily. It requires hard work, sacrifice, dedication and determination. Above all you have to be passionate about what you are doing.

Many great businesses have grown from small beginnings including the Giant Amazon.com. Start sowing the seeds of your home based business while you are in employment, watch it germinate, look after it with tender care, be passionate about it and watch it bearing the fruits of your labor. Enjoy the fruits of your labor and when the time is ripe, quit your full time job. Thats it, keep growing and establish yourself as a successful home based business entrepreneur. This then is the Smart way to Success.

yr old Mum makes dreams a reality

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Hi everyone,
My name is Shannon and I’m a mum to Caitlin, my beautiful daughter who’s just turned two. She’s my pride and joy – I don’t know what I’d do without her ?
I’m a chef by trade and for those people that don’t already know, it’s not a very -family friendly’ industry to be involved in, especially with the long hours. I had to go back to work in a take away shop when Caitlin was just three months old. My amazing mum would bring Caitlin to work every 4 hours or so for a feed. Luckily I had a wonderful and understanding boss who allowed me to take some time out from the job whenever Caitlin was brought to me. But how many other working mums are that lucky? Also, I was only able to work certain hours when my mother or another family member was able to watch Caitlin. I was desperate to avoid putting my child into daycare if at all possible. I hated going back to work as I felt that now my priorities had changed. My most important job is to be a mum and always be there for my baby.
Recently I found a home-based business which has changed my life. I-ve only been involved for about three months now, but I’m already getting very close to being able to leave that job at the takeaway shop. It really hit home to me last Monday, when in between phone calls that I made with my new business, Caitlin and I made our first batch of ANZAC biscuits. I was so chuffed that it nearly brought me to tears, to realise how perfect my life was becoming. Like a dream coming true. I am able to be at home with my precious daughter and make a reasonable income at the same time.
I really wanted to share this with you all in the hope that if there is anyone out there who’d like some information about this incredible opportunity to please take some action right now! This business has the potential to dramatically change the direction of your life, like it did mine. A friend of mine introduced me to this opportunity and now I’d like to share it with you. Perhaps you know someone who could benefit from it as well? Please contact me via email: I would be more than happy to have a chat with you anytime. I wish everyone the best with their little miracles xxxx

Genuine Home Based Business Opportunities Anyone Can Use

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There are genuine home based business opportunities that can help you to earn some extra money.

When you are looking for genuine opportunities, it is very important to learn how to recognize a scam. When you know what to look for to avoid the biggest scams, you can protect yourself. You will find that the best opportunities are the ones that are legitimate. Scams are everywhere and you should be very careful when you are looking for the right opportunity.

Reviews are going to become your friend online. You can use reviews of others to check out any business you are interested in. You can find out what others think about an opportunity. You can work with others that have found success. If you find many negative reviews about a business opportunity, it can be a better idea to look for another opportunity.

Some companies post their own reviews online and you will have to look at numerous reviews to get the information that you want. You can look for reviews that are unrelated to the business you are interested in. This can mean that you will look outside the company website and you can than find what you are looking for.

You should also contact the company directly and you can find out the answers to your questions. You want should make sure that you are getting your response in a timely manner and that the person is knowledgeable about the business. They should accurately answer all of your questions and you should feel like they have the right time for you.

You should contact the company several times. You want to avoid scams and you may only have one shot to sign up with a company. This is a red flag and something to look for in each company. You can contact the company by email and by phone. This will give you several ways to check out a company and you want to do this until you are satisfied.

Genuine home based business opportunities do exist and finding the legitimacy of a company is up to you. There are so many home business opportunities out there; you need to scrutinize each business fully. This will give you all of the answers that you need and you can find the right business.