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Q: I'm thinking about starting a home business. Got any tips?

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Solo success = multi-talents.

First off, make sure that you have the stomach for it. Successful entrepreneurs are disciplined self-starters who are able to juggle multiple tasks at once. They are creative and tech-savvy, willing to put in long hours and have great marketing and networking skills. Financial health is also a huge factor to consider before you start a home business. It can take months or even years for some businesses to generate a steady income flow. Ideally, you should have enough savings to cover three to six months of fixed living expenses before you take the leap. And try to pay off any outstanding debts before starting your business.

Diana Cawfield is an award-winning financial writer with more than 10 years of experience. Click here to send her your questions.