3. Lack of a succinct business plan that effectively spells out business activities that need to be completed in an organized step-by-step fashion and that entails certain accomplishments within a certain timeframe. A business plan is essential for success in any work-at-home business, just as in bigger businesses. A business plan is the "blueprint" used for mapping out "where" a business is headed, and just "when" it will arrive! A good business plan will have weekly, monthly and yearly growth accomplishments built into it, with planned implementations towards that growth.

4. An entrepreneur does not possess enough self-motivation to "be their own boss". Half the battle of running a successful home-based business is having the correct mindset to do so. The gap between "employee thought processes" and "business owner processes" must be bridged before business organization is accomplished. Motivation is different in an entrepreneurial endeavor, as no "boss" is standing over the entrepreneur, making certain they finish the allotted chores each day.

5. An entrepreneur does not actively "separate" business and personal time in their minds, and plan their personal time as effectively as they do their business activities. Having personal time will refresh and energize, not distract from the success of a home-based business. It is absolutely necessary to plan personal activities into each day, and also stick by the plan for those activities. This is an emotional health issue, and one that needs consideration by every entrepreneur, as it is oftentimes too easy to become caught up in the business to the exclusion of all else.

Overall, all the above aspects need to be managed in order to balance an entrepreneurial lifestyle. The life of an entrepreneur is without a doubt, an "atypical" lifestyle. It is a lifestyle that needs more work and more determination than other types of lifestyles. Time and energy can be balanced in this lifestyle, but it may take a while to achieve this. When a balance is achieved, "time starvation" will disappear!

Vishal P. Rao is the editor of http://www.home-based-business-opportunities.com - A website dedicated to opportunities, ideas and resources for starting a home based business. He is also the owner of the http://www.work-at-home-forum.com - an online community of folks who work at home.