#1 Reason Home Businesses FAIL

By Jerome Ratliff

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Are you aware that most start-up businesses fail within their first year of business? Why do you think that is? Well, the smartest business leaders have uncovered one of the major contributors to that failure.

People want to be shown the way!

Take for example an entrepreneur who's thinking of starting their own restaurant, with no assistance other than their determination to succeed. From the beginning, they are learning everything it takes to run their business but, while they are learning, their business is suffering. At this point, this is where most people hit a fork in the road, to either continue on or throw in the towel. Those that continue on will eventually make it, but only after a few years of breaking even. The others that choose to throw in the towel will never experience the taste of success.

Unfortunately, that's exactly what most start-ups do. They start a business without the know how of running a home business all while getting frustrated without any direction.

Now let's say there's an entrepreneur that wants to plug into a successful business model like network marketing, where you have the ability to use the power of leverage and plug into a duplicable system. What do you think their chances of success will be now?

Assuming that the entrepreneur plugs into the system of course, their chances of success are almost doubled. They have doubled their chances of success because they are being shown the way. And, when they show other entrepreneurs who join with them, they too are being shown the way. Therefore, everyone wins.

Why reinvent the wheel if you don't have to! Use a proven business model that works and is easy to replicate. In essence, it's a shortcut to having a successful business.

Find any leader that is not doing this, then you have a recipe for instant failure. However, find a leader that is following this business concept, then you have, a recipe for success.

Author's Bio:

Jerome Ratliff, from http://JeromeRatliff.com is a Wealth Builder, Independent Associate, and a creator of business systems for network marketing businesses. Jerome is a well known leader for sharing his "Building Your MLM Business System". Visit http://MaverickBusinessBuilders.com to learn how to implement your Business System.

Chris Clarke

A really good point you make here. I have earlier used a mentor to help me to success.. Thanks for the article. Stenslag

Barry Davys (Retirement and Retirement Planning)

Jerome, Good points here. Also people who start home businesses often think that because they are a home business they don´t have to implement controls and checks that a big business will do. However, businsess is business and they should do! Barry Expat Financial Advice Spain

Caroline Man

Very interesting article,thanks. ------------ Chocolate Fountains

David McDonough (Make Money Online)

I really liked this article, thank you for sharing it. You are Awesome! - David ~~ Making Money Online Free Report ~~ -

Acharya Shastri (Love)

Valuable informations

Rupa Lahiri (Achievement)

I too feel the same, it is better to learn from others successes than to learn from ones own failures.

J Benjamin Woirhaye (Personal Development)

Cheers Rupa!

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Cherry Walker

Most people starting out with an mlm or networking business have fallen for the hype that "they will make tons of money just by telling your friends and family". My advice is to make a list of everyone you know and then quickly get them out of the way. Tell them about your new business venture and offer them a chance to join and when they say no...move on. This is a numbers game. The more people you talk to, the more you have a chance of signing people up. Your warm market has heard you talk excitedly about "this new thing" and then have observed you failing. Why would they want to join you in yet another "new thing"? Get a mentor, someone that IS successful and positive. Learn from them and you will be successful as well. www.mpbtoday.com/cherrywalker

Marquita Herald (Personal Development)

Thanks for sharing, interesting information. I've worked with hundreds of new entrepreneurs, and I do agree with you ... to a point. There are many people who are in love with the "idea" of having their own business. Unfortunately, it's hard to really understand just how much work is involved in making that happen until you give it a try. But even with the best coach and training opportunities in the world, it's got to be a partnership. Bottom line - you have to want this for yourself, more than I want it for you, or you'll never stick with it. http://www.inspiredgiftgiving.com

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Selman Ijaz (Natural Health)

learning is an important part of business - but it comes from actually doing business, rather than learning about it from tutorials or networking. I wasted 3 years of my life to go to University and study Business and Marketing - the one thing I learnt (funnily enough), was you learn from doing, from taking action and diving right in, with no plans to turn back.

Manoj Mahajan

Thanks for sharing, Simple , easy to practice

Mervyn goh (Empowerment)

Yes agreed , failure is impossible if u never give up.

Thomas Pepe

How true this is!! Many times we can have a great idea and charge gung-ho till there's no more wind in our sails, and then give up. This little piece of advice is priceless. Thank You www.lifestyle-enhancements.com

Bishop CarolMaryBrigit (Spiritual Growth)

Amazing that something so simple and common-sensical can be so powerful. Thanks for sharing.

Trevor Cole

I agree. Some don't even bother researching if that business will have a greater chance of success. Take this mlm success story, I usually do most of it and my friends help me with it.

Liz (Zebe) Pearsall (Mind Body Healing)

A business is important, and networking helps get your name out there. Thanks for the info.

David Money

Thank you. It is true you need a duplicatable system to succeed, which you can communicate easily to your team. The other ingredient is the actual team building itself. This is the age of social business marketing or 'relationship marketing'. People follow people they trust-they trust their friends. Hence the rise of sites like Twitter, Facebook, Linkedin, etc. This has given rise to dedicated business networking services like myNetworkingPro, where you will be offered both duplicatable systems and be empowered by leaders to be a leader. Please join us for free http://www.mynetworkingpro/IMSuccess

Duke Drazin

Nice job on the article, well done.

Josh from http://www.grand-island-serene-gardens.com

Great article reiterating proven business models. We are starting a home business and are planning and studying now. I hope we aren't in that group that throws in the towel too soon! http://www.grand-island-serene-gardens.com

David Wood

Great read. I believe you have to keep it simple and duplicatable.

Gail Sobotkin (Health Education)

Thanks for sharing and showing a win win business model.

KP Singh (Travel)

thanks for sharing. I'd also say that discipline is the key when running a home business. If your work ethic is not good.. stay away from a home business..!!

Leo Whyte (Achievement)

it is plain useless to reinvent the wheel...find out how you can better the existing models and put them to work...

Mary John

I am aways successful when others help me especially in network marketing although it does depend on the people in your group-not always generous with their success secrets-www.mymamasafi.com

Rahela Vukusic (Alternative Medicine)

Amazing!

johndeereb@insightbb.com

Thanks wise sayings.

Teresa Christian (Transformation)

Great article! Another key ingredient is passion about what you're doing. The passion will help you ride through the rough spots.

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May it be any idea in home business, you need to be persistence and consistence. Every field is very competitive, the one who sticks on has a chance to win in the race. I hope you get it. ForexStrategiesNew.com

Jackie Paulson (Organizing and Learning How to Organize)

Have a business plan is first! Great read.

Suzanne Deliscar (Foreign Language Training)

Great article, I think its unfortunate that we don't learn basic business skills in school.

Trevor Mayes (New Age)

Good info and sound advice, i suppose we are here because of the community model of internet marketing!

Yok SooHoo

having a system is a part of the equation mixed in with hard work. persistence and a bit of luck. also having realistic expectations is good to keep in mind. in this hectic society we do often forget the most basic things, thanks for the reminder!

Mark Lumpkins (Entrepreneurs)

Hey Jerry, Direct hit. You know you can get to the moon because it's been done before. proven business model works, combined with a winning mindset, gotta have both or be content as an employee. Living Boss free at the beach!

Jerry Joiner

Excellent information! thanks

Alan Abend (Health Products and Services)

Exactly! If you ever read any robert Kiyosaki (CashFlow Quadrant), hooking into a business system is the only way to go. I did...ask me.

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Father Time (Mysticism)

awesome info

Maurice DiMino (Public Speaking)

Great article Jerome, Let's also add, for those individuals that may want to start their own business outside of network maketing, the idea of a business plan. If the entrepreneur has a brilliant idea - do they have a plan to execute that idea. It could be as simple as answering the 5 W's and the 1 H: The Who, What, Where, When, Why and the How. If we begin with the end in mind it is possible to achieve success for one's endeavors. Ciao, Maurice The Sicilian Mentor www.MauriceDiMino.com

Ria Vervliet (Holistic Health)

Thank you

Andy LaPointe (Superfoods)

Replicating a proven business model is the key. We always seem to forget the most basic. :-)

Kenia Payano "Morales" (Inspiration)

thanx for sharing!!!!!!

Emily Erickson-Sandstrom (Official Guide to Tarot)

My five articles that begin with 'Reading Tarot as a Business' outline what a home worker needs to do to find out what the market sees as his/her selling point, how to do the daily business records, etc. Real information is there!