When you are thinking of owning a home business, the idea of home based business statistics is going to be something that is suddenly going to be very important to you. You might not know it, but when it comes right down to it, you are going to want to be aware of several home based business statistics before you get started, because you are surely going to want to be aware of what you are getting into and what your chances for success are going to be.

What Are They?

You might be wondering just exactly what the home based business statistics that you are going to be looking for are. Well, when it comes right down to it, home based business statistics are going to be series of information that you need when it comes to home business. The home based business statistics are going to be statistics that can tell you what type of businesses work well, which types fail, and what types just do a middle of the road kind of job.

Another thing that home based business statistics is going to be able to tell you is what kid of businesses are actually out there on the market today, and what the need is for more of them. If you see home based business statistics that state that a certain type of business is doing really well, and you can’t find very many of them, it might be a good idea to get on board with this kind of home based business. However, if you see home based business statistics that state that a certain type of business is only doing okay, but that there are a lot of this type of business, you might want to stay away from it because it might be a sign that points directly to the idea of there being too many of these businesses.

How To Read Them

You are going to want to look carefully at all of the information that you can find in the home based business statistics that you are looking at. Be sure to look at the type of business, and what is good about it and what is bad about it. You are also going to want to remember that often there are reasons that you aren’t aware of for why certain businesses fail, and this information might not actually be on the home based business statistics that you are reading. It might be an idea that you have to come to on your own, but you should always be aware of the possibility that a business didn’t do well not because of the business itself, but of the people running it.

Where Can You Find Them

If you are looking for home based business statistics you are going to want to start by looking online. Remember that there are many different types of home businesses, and when you are looking for home based business statistics you are going to keep in mind that you aren’t going to be helped by home based business statistics that don’t match the kind of business you are interested in. You have to be sure that you are finding statistics that really focus on what you are doing in your own home based business, or what you are planning to do once you start one. You are always going to want to make sure that looking at home based business statistics is something that you do often, so be sure you find lots of reliable sources for them. Remember too, that not everything that you will find on the home based business statistics speaks the whole truth. If you are interested in something, you want to do more research.

Auctions are those events where properties or goods are sold to the highest bidder. Auctions are mostly public events, where bidders make a series of bids and purchase a particular item for a high price. During auctions, bidders decide the price of an item rather than the seller. It depends on bidders to decide the amount they would want to pay for a specific item. During an auction, a bid is a proof of a legal binding. Bidders agree to pay the amount that they have bid. In a high profile auction, bidders may have to pay a deposit in escrow accounts or give a proof that they can pay for those items.

Types of Auctions:

Different types of auctions take place around the world. Below mentioned are some types of auctions:

1. English auction:
This is a basic type of auction. In this type, people can see the item and then start bidding. Bidders slowly raise the value of their bid until everyone gives up. The highest bidder is the winner. An auctioneer manages an auction, keeps records of the on going bid and decides the winner. Sometimes, the seller will quote a minimum amount for an item to the auctioneer, below which the auctioneer cannot sell that item.

2. Dutch auction:
In this type, the auctioneer sets a particular price and then gradually lowers the price. People in public will start bidding and later decide which prices are suitable for the item. A seller may use this type of auction to sell large quantities of same products to the public. For instance, a seller may want to sell a large amount of hay and will thus, decide to sell this hay to people for the same amount, once a reasonable price is decided.

3. Silent auction:
In this type, the bidders in public will present their bids in a sealed format. These sealed bids open at the same time and bidder with the highest bid wins. There could be a modification in this type of auction. The bidders are allotted a specific period to bid. They can roam in a room displaying the items, and write their bids on an associated sheet of paper. The bidders are allowed to see bids of other bidders and can choose a higher price for an item. At the end of the allotted time, bidder with the highest bid is the winner.

Examples of Auctions:

Auctions can be of two types either public or private. Sellers may trade any kind of items in both types of auctions. Some areas where auctions take place are:

1. Antique auction: An antique auction consists of a trade opportunity as well as provides entertainment.

2. Collectable auction: In a collectable auction, the seller may put up collectables like coins, vintage cars, luxury, stamps, real estate, and luxury for sale.

3. Wine auction: In wine auction, bidders can bid for rare wine, which may not be available in retail wine shops.

4. Horse auction: Bidders can bid for young horses of the best breed.

5. Livestock auction: In livestock auction, bidders can buy pigs, sheep, cattle, and other livestock.

The other examples of auctions may not be public. These auctions are for bidders from corporate levels. Some examples of private auctions are:

1. Timber auction
2. Spectrum auction
3. Electricity auction
4. Debit auction
5. Environmental auction
6. Auto auction
7. Electronic market auction
8. Sales of business auction

Bidders in an auction need to examine the items displayed and decide an appropriate price for an item. Thus, auctions help buyers in getting the best deals and in gaining better profits for sellers.

It is a well established fact that most small business startups fail within the first two years. Why is this and what preparations can be made to avoid this pitfall?First of all is the shortage of startup capital. It is probable that anyone over 40 years old has tried to start up some type of small business. Since most of them do not have a lot of money to start with many try to start a new business and hold onto a regular 9 to 5 job which is too demanding and hard for most people. The obvious solution for this problem is to look ahead at this need realistically and in some way arrange to have the backing and support to last for at least one year or until there is enough income from the business to make it self supporting.Another common problem with a new small business startup is lack of knowledge. Here we consider a carpenter, or any other craftsman or trade. He/she may know their trade well but be lacking in the necessary business acumen of getting the required license or permits, knowing who to call when something is needed, knowing any hazardous materials regulations, knowing shipping and marketing and advertising practices and so on. The best solution for this is to get to know someone who is already established in business and be able to draw from their knowledge about some of these problems.Another very common problem facing a new startup is the staffing of QUALIFIED help. There has been many a failed attempt to start a small business that failed simply because the owner could not get, and keep, good help to work with him/her. Among the various crafts and trades this may not be much of a problem because the craftsmen generally know the other craftsmen of the same craft that are in the same general area. A bigger problem might occur when the business may need more specialized skills that may be hard to find. The solution to this is to consider the staffing needs ahead of time and ensure that there is a sufficient pool of workers to be able to maintain an adequate stall or postpone any attempt at startup until you can be confident of having the people needed to do the work.Some Availabe ResourcesThe government’s Small Business Administration (SBA) has reams and volumes of printed materials and online help sources to help guide anyone in what they might need to startup a new business. Besides the printed and online materials available there are often counselors and agents that will gladly offer to assist anyone in finding out what help is available through the agency they work for. Many times there may be outright grants or very low interest money available to help them get started.The colleges, schools and technical institutions in the area are also very good sources of help and information. Most of these schools will have several people, professors, teachers, administration and staff members that gladly help people in this way. These teachers will also know the businesses and people that can be a tremendous help to someone just getting started.A Few Problems Facing Small Business StartupsMore Available ResourcesAlmost every town and community has a Chamber Of Commerce that has some members of the chamber who are always looking for ways to attract new businesses to locate in their community. Thse people are a good source of help and should not be overlooked. Many times the community will offer incentives to induce companies and businesses to locate in their community. This can be very beneficial to the new business, especially if it is known that the business is looking for a good place to go. Neighboring towns will try to outdo each other in offering incentives to persuade the business to choose their community instead of a neighboring town. The incentives may be tax breaks, available property, labor supply or practically anything else that might be appropriate.Another very important aspect is the availability of good roads, airports, railroads or sea-going avenues of traffic and transportation. After all. It is not very good to have the capital needed, the facilities to build a product, the knowledge staff and supplies to build it and then not be able to get your product to the market in a timely manner. For this reason anyone wanting to start a new business must consider the market for his business and the availability of good transportation facilities.These Times, They Are A Changing.The days of the small family owned business has just about gone. It used to be that a family might own the same business for many generations and do very well with it. There are still many small family owned wineries in the north central part of the United States and they seem to be doing well. Nevertheless, these small family owned wineries do not compare in any way to the huge wine orchards in California and the Napa Valley wine orchards.This same scenario applies to other types of small family owned business. In Kentucky, Ohio and other coal mining states there are still small family owned mining operations going that provides a stable livelihood for the families that own the mines. Much of the material discussed earlier in this article do not apply very well to these types of small family owned businesses.ConclusionsIt is apparent from theses comments that starting up a small business from scratch is very risky and challenging. To start out with the knowledge beforehand that the odds are very high against a new startup being successful is a daunting challenge itself. Therefore anyone wanting to start a new business should very seriously consider each of the problems presented here and consider what solutions he/she may have to apply in starting up the business. If it then seems that they can make the startup work and build a strong business then they should go for it and do it. But if the startup fails then do not give up and quit. Just consider that you are still in good company because almost every other person that has tried has also failed a few times before. Keep in mind that as long as you are still trying then you are not a failure… yet.