The 7 Pitfalls To Avoid In Your Home Based Business

After running my own business for the past decade or so, I have learned a few things about what might work, what does work, and what absolutely does not work no matter what. In that jumble of knowledge, I have also learned a thing or two along the way that are what I call The 7 Pitfalls To Avoid In Your Home Based Business. These are not the typical pitfalls that you may read about, for example, stay away from 'get-rich-quick' schemes, avoid envelope stuffing scams, etc. These are real life, been-there-done-that examples of situations where I had egg on my face.

The benefit to you is that I have already learned from these mistakes, did my best to avoid repeating them, and now I would like to impart some of this wisdom. These pitfalls are not to be taken lightly, and as such, I have decided to break it out into a series. I will be expanding on each point over the next 7 posts to ensure that each one is explained properly and extensively.

1. Work / Life Balance
2. Poor Accounting Practices
3. Lack Of Professionalism
4. Committment Deficiency
5. Misplaced Trust
6. Failure To Communicate
7. Falling Through On Promises

Remember, I have fallen victim to each and every one of these pitfalls and I hope to help you avoid them. In the next post, I will cover the first point, Work / Life Balance. I will show you how I cured myself of the workaholic syndrome, as well as the “I-don’t-feel-like-working-today” blues.