You may be thinking of starting your own home based business because you may be fed up with your daily fixed routine, demanding boss or commuting long distance. Should you be leaving your full time job to take a plunge into the home enterprise? Where is the guarantee that your business will be a success from day one?It may seem simple to start an entrepreneurial venture but you may have to wait for a long time before you even break even.You can start a business venture which can even be managed by someone in your family. Don’t think of leaving your paid job until you are sure that your venture has reached a stage where it is absolutely necessary for you to take up the reins. You could also try working part time on it until you get the confidence that you can take it up as a full time business.Hold on:Given the economic conditions right now you must hold onto what is secure now. Meanwhile you can work part time on your home based business and build the connections which are necessary for the growth.Keep control over your expectations of your business since it will not be giving you big benefits and profits, especially when you are unable to devote complete time to it. At the same time you can reduce your expenditure and save the money for sustaining your expenses when you finally get rid of your job.Engaging the family:You could engage someone from your family to do specific tasks like answering the customer emails and so on. However, you will need to document their job roles and make them understand what is specifically needed of them.You’ll also need to explain your complete business plan to them so that they work according to your vision. An ideal plan should incorporate all the aspects of your home based business. You will also need to monitor the performance your home business team on regular basis and give them the feedback to improve their performance.Creating income:You should work to create an income with your enterprise so that you can leave your paid job as early as possible. You don’t have to be impatient. Your home venture may take some time before it actually shows some results. If you leave your job before your home based business has established, you may find it difficult to sustain your family expenses.Striking the right balance:If one of the partners is engaged in the home business venture and the other one in a regular job, there is a chance of misunderstandings developing between the two. One of the involved person might even decide to quit on the business without even bothering to serve a notice period. A lot of personal issues might even start cropping up in the business.Therefore, it is very important for you to maintain a professional relationship with your family team members especially when you are working on your business. Personal differences can be set aside to be discussed in the non working hours. You’ll need to maintain a balance very delicately since both the aspects of your life are equally important.You should discuss the performance of your home based business from time to time. Assign the roles only after taking stock of everybody’s pluses and minuses.Taking the centre stage:If you think that the appropriate time has come for you to take the reins of your business, you can leave your existing job. You should quit your job only after you feel the confidence of making more money in your business than with your existing job.Your determination and readiness to face some hardships with patience will make it easier for you to plan your quitting the regular job. If your family is ready to share the load, it will increase the chances of success of your home based business.