Dreams are for everyone! The most common dream of any professional or an employed person is to get rid of the daily grind, quit the nine-to-fiver and do something they love doing, earning a living at the same time. The best option to consider here would be a home based online business. While most people think about, a very small percentage of people have the drive to go ahead with it since they still think or perceive it as a risk.The actual underlying problem here is the knowledge as to how to get started. The next question that bothers most people is “what if I fail?” and the final nail in the coffin is “who will help me succeed?”. No one has learned to swim, unless they got into the water and similarly, the only way to find out is to get into a good home based business on the internet and find out.This will break the shackles and to call a spade a spade, it will help you realize your perpetual dream of being self-employed or it will be curtains without a little help from a proper mentor or trainer. Whichever way the coin turns, you will succeed. This article deals with small but simple steps that are involved in starting a home based online business and get it going…1. The deciding factor: The most important part of any home based business is the idea. What is it that you are going to do on the internet to make your living? You will need to take stock of your skills and interests to decide on this. There are many online home businesses that are already working well. All you need to do is to research a few of them using the internet and check if an idea clicks for you. You could even combine a few ideas and come up with your own! Interesting.2. Decide on the legal entities: Again, it depends on your business idea as to whether you want to get your business registered as an S Corp or a C Corp. If you think you want to begin slowly and you do not need to complicate matters, you could stay as a sole proprietor. This decision depends on your primary business and what you pick to do. In fact, the best way to do this would be to talk to your accountant and find out the pros and cons of the incorporation.3. Licensing factors: The minimal licenses that are needed would need to be dealt with irrespective of whatever business you are considering. The bare minimum would be to obtain an occupational license. You also need to find out if there are any regulations related to city, state or country regarding your business and if there are any additional licenses or permits required. Whatever it takes, make sure you’re your home business online is legitimate in every way.4. Advertising: Letting others know that you are going online with a home based business is very important. In fact, the first of your customers should be coming from your relatives and friends. Once this happens, it will not be difficult to build on these foundations with testimonials and a little advertising.Most home based online businesses fail because of starting issues. However, if you spend some time on the above points, you will be on your way to virtual glory. Even if it does take a little more time than anticipated, it is good to have a strong foundation. Ask your mentor/trainer for more guidance, after all he is the one with the experience.