Is it smart to have your own home based business? This is a question that is being asked by thousands of people all over the world.The truth is that for many people it is very smart to own your own business from home, but this is not right for everyone. You are the only one that can decide if a home based business is right for you.In order to help you decide, you first need to determine if you have what it takes to run your own business. There are many things that will be required, but the most important are as follows:1. Determination – You have to be determined to succeed with any business that you start. Building a business at home sounds good to many people, but it will not always be easy.Determination will keep you going when things get tough because they will at some point. If you are not determined to build your business and succeed with it no matter what may happen, then you will wind up quitting like so many people do every day.2. Able to work hard and spend time on your business – One thing that many people don’t realize is that you will have to work hard and spend time each day building your business. After all, it is a business you are doing at home and not just a hobby.It doesn’t matter where the location of your business is, if you want to start a business and find success with it, time and hard work will be required.3. Willingness to gain all of the knowledge you can about a home based business – If you want to build a business at home, there are so many different things that need to be done. You will need to learn about all of the different things, one thing at a time.If you don’t want to learn anymore, then a business at home is not right for you. For anyone that wants to learn and is willing to learn anything necessary, then you may be looking at the solution to change your future for the better.If you can do these things, then a home based business really is a smart idea for you. For anyone that doesn’t feel they can do these things, then you may want to keep your job because you will struggle to build a business. Just remember that you are the only one that can decide if a home business is wise for you, so be sure you make your decision carefully so you are confident the best one is being made.