For this week’s Entrepreneur University we turn to Cynthia Minnaar. We last featured Cynthia in March of 2008 when she shared her advice on starting up while being on a budget (Starting An Online Business on a Shoestring Budget - Entrepreneur University).
Cynthia lives in South Africa and runs her own online home business. She is the proud owner of www.cyns-home-biz.com, the online home business site for online home based business start-up ideas, extra income opportunities, internet marketing training, affiliate marketing solutions and resources.
Today Cynthia shares with us her top 10 reasons why you should be starting an online business today:
“When life is going well and we have no financial worries it is not very easy to find a really strong reason why one should start an internet based home business.
We never know what life has in store for us from one day to the next. Life can be really comfortable and easy one day and turned upside down the next, so it makes good business sense to have a source of extra income just in case something does go wrong.
Have you wondered what the motivating factors behind successful business owners are? Here are some of the reasons that motivate people to start and succeed with an internet based home business which may just give you food for thought.
- 1. Calculating how much capital will be required to enable them to retire and live comfortably often is a huge motivating factor to start an internet based business.
- 2. Being retrenched or losing their job and having to find a way to make their own income in order to provide for their family.
- 3. The funds that are required to educate their children and provide for their college or university fees should they wish to attend.
- 4. More and more people start an internet based home business as a way of eventually replacing their salary so that they can quit their day jobs.
- 5. Many parents want to stay at home with the children so as to avoid the heart break felt every morning when they drop a child off at the day care center or not being at home to welcome the child home from school or being unable to attend a school concert or sports event.
- 6. So many working people nowadays just cannot afford the extra luxuries or holidays and are sick and tired of trying to make ends meet. They want more out of life instead of just existing.
- 7. Suddenly being encumbered by a huge expense resulting from for example a car accident or illness can be a very strong motivating factor.
- 8. Unfortunately, many experience the problem of mounting debt due to the fact that a salary can no longer cover the basic expenses.
- 9. Others have finally had enough of the amount of time wasted and stress involved in travelling to and from a day job resulting in having less quality time to spend with their family.
- 10. More people now help their ageing parents financially as their pension is just insufficient to cover their expenses and so look for ways to make extra income.
These are only a few reasons that motivate people to start and succeed with an internet based home business.
Whatever your reason, one must remember that it takes time to build a profitable internet based business so it is important not to wait for disaster to strike before getting started.
Instead plan ahead and be prepared and try and find a strong motivating factor to start an internet based home business now, so that it is already providing an income for you when you really do need it.”
