Internet Home Based Business – Developing a Business Plan Before Starting

Creating your Internet home based business plan is crucial before you start building the business. The plan should be a long range plan of a minimum of 3 years and stick to the plan. It is the main component in your goal to work for yourself and not work to make someone else rich. Your plan for independence and financial freedom must be in place before jumping in unprepared.

Everyday thousands of entrepreneurs are searching for information on business ideas and opportunities. Over the past few years, many companies have gone belly up, 401k accounts disappear and increasing energy costs that continue to hold the economy hostage. Every year tens of thousands of individuals from all levels of employment are discovering they have been living based on another individuals or company plan. They understand that a positive change is required for their survival during this ever worsening economy. They also realize that a home business opportunity is the only viable alternative.

The right time to start your home business is now

o It is the right time if you are sick and tired of working long hours every week, for 50 weeks a year, with little to show for it.

o It is the right time if you have been laid off recently or indications are that you will be next.

o If you have been unemployed for more than 9 months and your extension will soon end, it is the right time for you to start building a home business on the Internet

o Since more jobs are still being outsourced and the small number of jobs remaining that pay a livable wage are limited, it is the right time for you to start your Internet business

A few questions you need to find answers for:

o Is there a good compensation plan in place?

o What are your monthly income expectations?

o What resources will you need to accomplish your goals?

o Does the company have a support mechanism in place?

The importance of a business plan cannot be emphasized enough when you consider starting a home business opportunity. If you have problems drafting your business plan, I encourage you to get help from a professional or from others who have a home business. You can even get help from searching the Internet for articles on writing business plans. All of this and more you can do with your computer using a search engine.

In conclusion, with a business plan as your guide or map to building your Internet home based business and if you stick with the plan, your reward will be financial freedom.