Home Business Failures

Many home businesses never make it past the first year and have to officially close. You must file papers with the state & federal government offices if you obtained a Federal ID number when you opened. Some of the reasons are a lack of focus, passion for the business and not working the hours required to make it successful. If you want to have an ongoing business you must treat it like a real business.

Some people just start as a part time hobby and it never gets beyond that concept. They won't do the marketing necessary to grow it and service any customers it has. So by being at home other priorities can overtake the time for the business. Starting a home business can be very successful if you invest the time and energy to grow and focus on your goals.
More longer articles for reprint at www.idealetter.com