1. Take some time to assess your strengths. Your strengths could be inborn or gained from experience and training that you can use in your business venture. Find a way to capitalize on these strengths and turn them into your businesses greatest assets.

2. Pinpoint your weaknesses and work out how you can eliminate, or at least minimize them. Perhaps you can enrol in a business or accounting class, find an expert who can help you, or get on-the-job training.

3. Take things one step at a time and at a pace that allows you to continue learning as your business expands and grows. It takes time to build a successful business and there really is no need to rush things along. It's also vitally important to continue learning because your business can only grow and expand to the level that you do.

4. Find a mentor that you can consult with whenever you need support and business advice. This could be a spouse, a trusted friend or even a professional business coach. Mentors bring a fresh outside perspective to your business and they can help you to pinpoint areas of weakness as well as help you to grow and expand your business in ways that you may not have thought of.

5. Turn your bank into your ally. Look for banks that are friendly and supportive to micro-businesses like yours.

Putting these 5 tips into practice could mean the difference between success and failure for your home based business. It takes hard work, dedication and persistence to build a successful and thriving home based business, but the rewards are well worth it.