They say that a structure is only a secure as its foundation. This is not only true in architecture, but it is also true when building a home business. No matter how much work you put into building your business, if the foundation upon which it is built is not a solid one, your business is unlikely to stand up to the stress of outside forces. In this article, I’m going to show you how to make sure that your foundation is as strong as possible. Some of this, you may not want to hear.

To start off with, and this is the thing that most people won’t want to hear, don’t have your business depend on another site. Let me explain. Let’s say ABC company has a business opportunity where you sign up and bring in members by selling advertising, so as to keep it legal. If ABC company goes out of business (yes it does happen) and this is what your business is built on, you go out of business too. There is no way around it. So you want the foundation of your business to be built around something that YOU YOURSELF created. That is just common sense business 101.

The next thing you want to do is make sure that the business that you do create is a legal one according to FTC regulations. Just go to the FTC site and read what they are. They’re too long to print here, but in a nutshell, you have to provide a real product or service. Ponzi schemes are against the law and if you start one, you WILL be shut down. You can almost take that one to the bank. So if you’re getting any ideas to create one of those schemes, kill them fast.

Finally, you want to make sure that you invest the necessary amount of funds into your business. The last thing you want to happen is your hosting account shut down because you were too cheap to buy a hosting service that provided you with enough bandwidth to operate. I can’t tell you how many sites I’ve seen get shut down because they tried to scrimp and save and run a half baked operation. If you’re going to do this, do it right or don’t do it at all.

A firm foundation will give your business a better chance of surviving past the first year. Once you’ve done that, the rest should be smooth sailing.

To YOUR Success,

Steven Wagenheim

Looking for a solid 4 step plan to building your own business…FREE? Pick up my free report at:

http://www.stevewagenheim.com/4steps.html and get started TODAY!