It is shocking to see the huge percentage of people failing in an internet home based business.
Statistics reveal that up to 90% of home based businesses fail within the first year.Is it the wrong business which results in failure or there is something wrong with the idea of earning money at home?Many people take up a home based business because they want to escape from the traditional nine to five job. But when people fail in their home based business, it adds more bitterness and frustration. Why does this happen?There are countless reasons which can cause failure in business. Here are five common mistakes:1) Failure to take action – Many home based business owners fail in their businesses because they simply do not take action. Planning is an integral part of any business but implementation of plans determines the success of a business.People spend a lot of time in making lists and planning business strategies and then after doing all this, they often fail to take the necessary steps of implementation which are of paramount importance. Planning without implementation will not take you anywhere towards success.2) Low self-confidence – Self-belief is one of the pillars of business success. Do you have it in you? When you do not believe in your own capabilities, your business will never show any signs of growth. Faith can take your internet home based business in the right direction.3) Failing to take it to the end – Strong determination backed by persistence will help you to succeed in your business. Many entrepreneurs are all charged up during the initial stages but their energy levels fade with time. Many quit just before the business starts working. As a result they join the majority of work at home failures. You must be Persistent.4) Failure to do enough research – Lack of knowledge of your market scenario can often lead to failure in an internet home based business.Collection of adequate information and development of your knowledge base is very important for starting any business. You need to understand the position of your competitors and many other factors which are responsible for the success of your business.5) Failing to work – Home based businesses always sounds very interesting because people think that it is going to be easy and you can work anyway you want. This is where they go wrong and end up in the red. You need to put in more effort than in your regular job before you’ll see success in your business.It is very critical to identify the mistakes and find the solutions in order to succeed. If you want to succeed with your internet home based business, you must learn from your mistakes and implement what you’ve learned.Put a couple of little phrases up where you’ll read them every day. When the going gets tough – the tough get going. The other one… You can – if you think you can.
Five Ways to Kill Your Internet Home Based Business
Discover a Real Home Based Business
Businesses from home are being used by millions of people around the world today. There are plenty of people who find working on a real home based business a great way to earn additional income without leaving the comforts of their own home. To make a work at home business successful, a person should know the niche that he wishes to target. From there, he can set up his business based on the needs of the customers. Another thing that should be kept in mind is the time that will be spent on this type of business-whether it will be on a part-time or full-time basis. This is necessary for a person to get a clearer picture on how to manage his time.In real home based business, a person will be starting at the bottom; and by building one’s reputation, more customers will be coming in. Patience is necessary when venturing in this field because it is more on trial-and-error before getting accustomed to it. Among popular businesses that are being used are Blogging, eBay, affiliate marketing, freelancing, and direct sales. These types of businesses are fast becoming popular because of the convenience they give to people.Successful real home based business depends on how a person manages his time and how well he promotes his business. Time, skill and effort should be given for a business to reach its full potential. A person should have a clear understanding on what he wants for his real home based business to be able to get maximum results.Using this method will definitely help people out with their income any time they want to. Doing something that one likes or is passionate about will give him that extra edge on managing a real home based business.
The Cons of Indian Education System
There was an interesting discussion on CNBC TV recently about whether the education system in India is better than the US. We have covered the pros of the Indian education system in the previous article. Now, we will discuss its cons or areas of improvement.
Areas of improvement
Most of the students in India find themselves in technical schools & colleges without their interest and passion for the subject. The result is— inefficient and dissatisfied employees. India has a literacy rate of 66%, and the budget of Indian education system is nearly Rs.1 lakh crore (US$17 billion). Indian education system is also considered to be one of the oldest in the world. Nalanda University, which was founded in the fifth century A.D., was the first university to be established anywhere in the world. Currently, Indian education system is offering the world the finest technocrats, educationists and entrepreneurs.
The statistics
There are around 3400 engineering colleges in India, which are approved by the AICTE, the regulatory body in India. The total seats available in these colleges are more than 1.1 million. Out of these engineering colleges, 65% are in the Southern India and 35% in the North. Similarly, there are around 350 medical colleges imparting MBBS degree course. Out of these 350 colleges, 160 are government colleges, and the rest are private. The total seats available in these courses are around 65,000. So, engineering, medicine, education, science, law and management are the most sought after careers in India.
Basic flaws of the system
In a random survey, it was found that most of the boys were interested in a career in engineering, whereas most of the girls wanted to become a doctor post their 10+2 graduation. It was also observed that for most of the Indian students, the choice of a career is largely influenced by parents. Young students are discouraged from going for their own chosen professions. Most of the Indians feel that the present Indian education system is gifted to them by the British, and its aim was to churn out more and more qualified servants for the British Empire.
It is a well known fact that Indian education system has serious flaws in it. There is a serious lack of functional literacy. Lack of scope for creativity is another serious flaw. Most of the curricula are based on textbook knowledge with little focus on the field. So, it is more of academics with no serious practical exposure. There are disparities in various streams. Vocational streams are always looked down upon in Indian education system and there are only three or four career options available for everyone. If you want to take up a career of your choice, you will have to rebel against your parents and society.
Old fashioned and traditional methods
Indian education system is still struggling with the chalk and talk style of teaching. Multimedia, technology and computers are not fully integrated into the education system. Another serious flaw of the system is the lack of world-class research facilities. If you don’t follow the outdated curriculum and research, you’re out of the system. This system also encourages private tuition, because of heavy emphasis on bookish knowledge and it is despite the fact that students spend around 7 to 8 hours studying in schools. It increases the tendency to mug up theory and discourages creativity and curiosity.
Lack of creativity
Most of the students are force-fed with theoretical knowledge. But, when we look at the most successful people in the world, these were the people who followed their passion at a young age. IITs are considered to be the most reputed technical schools in India, but unfortunately people go there as part of a rate race and for a better financial future rather than for some “real technical pursuit”. Even the best minds in India do not have a future plan!
Conclusion
The first step towards improving Indian education system, is to integrate technology into it as it is considered to be the best way to impart education nowadays. Teachers should be trained to use technology in the classroom. Efficient counseling should happen at high school level, so that students can take the right decision about their careers. They should be presented with all the options and streams that are available to them. Practical approach should be introduced in the classrooms as Prof. Walter Lewin did in the MIT, while teaching physics, in order to produce world-class students. Sports and extracurricular activities should also be encouraged at the school level. Parents should stop the tendency to impose a career on their children. Rather, it should be left to the students to decide what they want to choose as a career.