Finding the Right At-Home Business
by Rob Spiegel
“What kind of business can I run from home?” That’s the most
common question I get from readers. I recently got the question from
a woman in Australia. My goodness, what do I know about what you can
do from home halfway across the globe? Another version is: “What
kind of work can I do from home?”
These questions typically come from women who are about to become
mothers. They also come from women who are already mothers and
despair that their kids spend more time with daycare workers than
they spend with mom or dad. I met one woman who decided to start her
own business when a friend asked what her daughter’s favorite color
was – and she didn’t know the answer.
Running a business from home is a good way to get intimate with
your child’s favorite color. Chances are, she’ll use her favorite
color crayon to write “I love Daddy” on the wall while you’re on the
phone to Singapore. Such are the joys at-job parents miss.
There’s an implicit difficulty in the question about what kind of
business to run from home. It’s not the kind of question an
entrepreneur would ask. Entrepreneurs typically ask questions like:
“Where can I get funding? Will you invest in my company?”
Entrepreneurs launch at home only as a strategic choice. If it’s
better to launch from an office, the entrepreneur will launch from
and office and take the playpen along. They usually conform to the
needs of the fledgling business rather than asking the business to
conform to they’re preferred life.
There’s some speculation that the entrepreneurial drive is
genetic – that entrepreneurs are born, not groomed. I agree.
Entrepreneurial behavior is more a calling than a decision. Most
entrepreneurs simply can’t help but launch businesses. They’re
impulsive and have short attention spans in all areas of life except
the business. When it comes to business, their focus is deep.
But the good news is that you don’t have to be an entrepreneur to
start and run a business. Launching a company can be a lifestyle
choice, just like any career decision. Often businesses run better
when an entrepreneur is not involved, since there is less
impulsivity and overwrought attention to each and every detail.
Non-entrepreneurs are very good at putting the business down at
night and attending to life’s other joys.
What’s missing in a business when you’re not an entrepreneur is
the truly creative part. Entrepreneurs want to create a business
from concept down to marketing tactics. They believe their ideas are
superior to conventional ideas. They only resort to convention when
their creativity fails.
Non-entrepreneurs have far more regard for convention. They want
to imitate what’s been successful. That can be a handy trait, since
conventional approaches become convention because they work.
My advice to those who want to start a business from home and
don’t know where to start: look for a franchise. The majority of
franchise companies have developed versions of their business than
can be run from home. They understand the huge demand for at-home
enterprises, so they create at-home versions as a competitive
imperative.
The non-entrepreneur is well-suited for a franchise. To succeed
with a franchise, you have to be able to follow directions.
Franchises are portable success, but only if the business model is
followed in great detail. Entrepreneurs are lousy as franchise
owners because they’re constantly thinking, “Why are they doing it
this way? I can improve on that . . . and I will.” That attitude is
fatal for franchisees.
So if you want to know what kind of business you can run from
home, go to a Website that has a long list of franchises and search
through the ones that are tailor-made for at-home owners. Your
chances for success are stellar – franchises run at a 95 percent
success rate. And many of them are self-financed. But if you have
entrepreneurial urges running through your genes, stay away from the
franchise.
Rob Spiegel is the author of Net Strategy (Dearborn)
and
The Shoestring Entrepreneur’s Guide to Internet Start-ups (St.
Martin's Press). You can reach Rob at
robspiegel@comcast.net.
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