Monday, February 23, 2009

Why Do 90% of All Home Based Businesses Fail?

Why do 90 percent of all home based businesses fail? The answer is simple, most home based businesses fail because the people who run the businesses lack persistence. Yes it is true most people are quitters and take the easy way out. This is nothing new, which is why about 10 percent of home based businesses in about 90 percent of the revenue. If you are struggling with your home based business be sure to stick with it. There is a quote in Think And Grow Rich by Napoleon Hill which states "Winners never quit and quitters never win."
For those of you who are planning to call it quits remember you are not the only one who has had to struggle to make it. How many of you have seen the movie "Rocky" (with Sylvester Stallone) ? Sylvester Stallone is now a huge movie star but it always was not so. In order to get his break in Hollywood, he bought a car for 40 bucks and drove cross country from New York. And success did not come over night for him. It took persistence and dedication to make him the successful actor he is today.
I believe the major reason everyone is not successful in their lives is because most people quit as soon as the road gets tough. Think about this, if you are able to survive the ups and downs of running a home based business you will have a high chance of succeeding. If you quit you will not have any chance succeeding. This does not only apply to running a home based business but also applies to pretty much anything you want to succeed in.
Now you maybe thinking about how to develop persistence. The answer is easier said than done. Everyday you must do something to help you achieve your goal. Now at first it may seem easy but trust me it is not. Maybe you are being overworked at your job, then you may have to come home and raise your kids and at the end of the day you may not feel like working your biz. The key is to work your biz everyday no matter what. You can make excuses in life or you can make money, your choice. As long as you apply yourself everyday, you will begin to develop a habit. Once it is a habit running your business will not be a chore but rather something that you enjoy.

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