Wednesday, May 28, 2008

What is the difference?

When I attempt to evaluate why two owners of a home-based business, in the same industry, one is highly successful, the other isn't, I ultimately ask myself this question, "Are some people really just not able to this?" (translation: "Can I really do this?). Let me respond now with an emphatic YES!

Despite the challenges that I face, I recognize that other people face the same challenges. I don't believe that someone else is inherently better than I am at running a business. Based on this evaluation, I have come to the conclusion that there are just a few different things that make the difference between a successful home-based business and a struggling home-based business.

Ok, so the first is experience. It seems obvious to me that someone with more experience in an industry would tend to do better, especially at the start, than somone brand new to the industry. Beyond industry experience, there is also life experiences, such as growing up in a family run pizza shop, or serving in the military, experiences outside the industry that are defining.

Secondly, training. Given the pizza shop example above, all experience can be considered training. Skills are learned, not something we are born with. I am speaking about industry specific training from someone from within the industry. This would be the equivalent of a formal college education in a specific field, i.e. nursing, accounting.

Finally, I would say discipline is a big difference between our two business owners. Doing the things that are tedious, or hard to do, knowing that in the future you will get results, can be hard for many people. Successful people in home-based business must be able to discipline themselves to focus on the task at hand, even with all the distractions that are around. This is hard for alot of people who are transitioning from a "job" to a home-based business.

If all thing are created equal, and the above is the difference, I can see some very important steps to take in developing a successful home-based business.

1 comment:

Drew said...

This was really good! I thoroughly enjoyed this, and thought you were right on. I think we all really question if we can do this or not, especially when you see the industry greats make it looks so easy!

The truth is, THIS IS NOT EASY! Just like anything great worth doing, it takes time, patience, focus, consistent effort, and discipline.

Thanks for this encouraging post.