With the economic recession setting in and job cuts at the all time high, people are increasingly looking for alternative sources of income. Under these circumstances, home based business models are proving to be hugely popular among people. A lot of people have opted to earn money from home either for additional income or as their sole income source.However, a vast majority of businesses fail within months of starting. Why does such a popular model of business have such a high failure rate? The major reason for this is that most people are not technically ready to commit their time and energy towards their business. Dreams are one thing, implementation is something else.The right choiceWhen starting a home based business, the first step which you must take is to decide, which business is the most appropriate for you. Choose a line of business which you know you can commit yourself to. If you are not interested in a particular field, then you won’t be able to commit yourself to it and consequently, you won’t do well in that business.Your ExpectationsOnce you have chosen your business, decide how much time you will be able to commit to it. Are you going to work full-time or will you treat it as a supplement to you regular job? Whatever is the case, you must set your expectations accordingly.The amount of money you earn in your home business is directly proportional to the amount of time you spend working on it. If you desire maximum benefit from your home business, you will need to spend a lot of time and energy tending to it.Slow and steadyWhen you start a home based business, things may be slow to start with. It has a lot to do with your inexperience in the business. A spaceship uses up more fuel in the first few miles, than what it does during its entire journey through space. This is just an example to point out that you’ll need to push hard and persist in the beginning. Once you get through that initial phase and gather the momentum, your business will be fairly smoother.Any business is a constant learning process. As you get more and more experienced, you will learn the nuances of the game and will be able to apply your talents and skills in a more effective manner. However, to reach that distance, you will need to be committed to your business even through the rough phases. You will be able to keep learning new tricks all the time, if you are receptive to new ideas. Always remember to keep your mind open for new learning.If you show deep commitment towards your home based business, it will be a hugely satisfying and fulfilling experience for you. As Mark Douglas said, “The achievement of your goal is guaranteed the moment you commit yourself to it.”