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You are here: Home / business / Do You Have What It Take To Run a Home Business?

Do You Have What It Take To Run a Home Business?

by Miranda Marquit Leave a Comment

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When it comes to starting a home business, there are some qualities that it is important to have. These are issues that move beyond whether you have a good idea and whether you are good at marketing — and whether you have the space in your home and the time to commit to working at home.

Over at Sparkplug CEO, Wendy Piersall offers 15 abilities you need to run a home business. Instead of listing all 15, though, I’d like to highlight 7 of my favorites, shared with my own thoughts:

1. Delay Gratification. That’s right. You can’t expect overnight success. And you have to be confident enough in yourself to keep going.

2. Discipline. This is about seeing a great idea through, rather than constantly moving on to something "new."

3. Take Risks. I like this idea. In order to be able to make it with a home business, you need to have a measure of risk tolerance.

4. Be Uncomfortable. Sales, leading, and just the difficulties of starting a home business can make you uncomfortable. But you need to be able to view discomfort as an opportunity to stretch yourself.

5. Ask for Help. You can’t do it all on your own. You need to know your support network, and ask for help when you need it. (The flip side is that you should be willing to help others as well.)

6. Know Thyself. You really should know what you are good at and where you need help. This is important. It will help you more effectively structure your home business — and delegate tasks that you are less effective at.

7. Persistence. You have to keep trying. Sometimes you fail. But do you have the courage to get back up again? It’s easy to run a home business when things are going well. But do you have the grit to see your home business through the problems?

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