More than 80 percent of home-based businesses are vulnerable to unexpected events. Fortunately, a solution is now available that will increase the probability of success for many home-based entrepreneurs.
(PRWEB) August 18, 2006 -- Small and home-based businesses have a staggering 80-90 percent failure rate in the first five years, and of those that make it past five, only 10 percent make it to 10 years.
There are many reasons why businesses fail, including lack of structure, insufficient resources, inadequate support, undeveloped entrepreneurial skills, and an improper fit between the business owner and choice of business.
One big contributor to the failure of home-based business is lack of planning for unexpected events. Most home-based entrepreneurs run their businesses independently and are the one and only person who knows what is involved in running the business, who to contact and where to access information.
Many home business owners store all of their operational information in their heads and if anything happens to them, the single lifeline to the business is severed. The business shrivels and dies or is severely crippled by the disconnection.
An unplanned event such as an illness, death, natural disaster, marital break-up or even something as exciting and well earned as a month-long vacation can have a negative impact on business operations.
Laurie Hayes, founder and owner of The HBB Source", a resource and coaching service for home-based business owners, recognized this neglected ingredient as she built her own business, and as she worked with aspiring and well-established home-based entrepreneurs.
Hayes conducted lengthy research into finding a resource that would allow her and her clients to protect their businesses and create a daily operations manual that would allow them to hand over day-to-day operations in the event they were removed from the business.
She could not find a manual or guide that could be put to use immediately or be tailored to suit individual businesses. As a result, she decided to create the solution which is now recognized as The HBB Survival Guide.
The HBB Survival Guide serves as a daily operations manual, training guide, succession and dissolution plan and is designed to fit all types of business. It also allows the business owner to customize its contents to grow and evolve with the company.
Hayes had originally provided the Guide to her clients only, however, at their insistence that this tool would be a lifesaver for all home business owners, applied some finishing touches, added valuable content and is now making the Guide available to every home-based entrepreneur.
To learn more about The HBB Survival Guide and discover how it can help you increase your probability of success, visit www.thehbbsource.com/pages/survival-guide.php
About the Company:
The HBB Source (http://www.thehbbsource.com) is an online resource for home-based business owners. This site offers valuable resources and services designed to help home-based business owners succeed at business in a fun, balanced and easy way.
