The following tips are relevant for any home-based business as they encourage a business-focused approach. This is important, particularly as many home-based businesses grow out of hobbies.SpaceAllocate appropriate space and organize it for the tasks you have to perform. You need somewhere to work and where you can focus on the tasks to develop and maintain the business. Also, like any job there are times when you may need to get away from it.Separate ResourcesSharing resources like the telephone offers obvious cost advantages to home-based businesses.However, separating business and personal resources can make accounting easier and more importantly, protect items that are mission-critical for the business. For example, sharing a computer with the kids should be avoided.AttitudeThe harsh reality for most home-based businesses is there is much to do but often there is only one person to do it.Therefore, set a work schedule and stick to it. As your own boss you have to manage yourself. Just getting started in the morning can be tough when working from home so maintain a routine. Get up, get showered, get dressed and go get a coffee at Starbucks if that’s how you start your normal working day.ApplicationYour job is to run a home-based business so you need to be working at it. You are not the housekeeper, babysitter, gardener or any other form of domestic help, at least, not while you are supposed to be working.It is easy to slip into this mode, particularly when you have a business task that you do not really relish but this does not pay the bills.RevenueJust because the overheads are comparatively low, home-based businesses still have to make money. The business may have grown out of a hobby that hopefully you still enjoy. But remember, it is a business and now needs to generate revenue to cover costs and to thrive. Otherwise, it is still just a hobby and you need to find other means to earn a living.