Life is short. Extremely short to make all the mistakes that we can make! The best as well as the most affordable way to go about your Internet home based business is to learn from other people’s mistakes and experiences. Given below are seven of the most common mistakes that people make which end up destroying their Internet home based business:1. Are unsure of your goal or do not have a precise and clear cut aimIf you do not have a mission or aim, then you cannot monitor and steer your progress because you will not know which way to go! You should plan and then control the income you have targeted and want as well as your expenses budget and limits.2. Do not reply the e-mails of your affiliatesI am very appalled that when I learn about people who run the best home based business and fail to reply and answer their e mails! Keep in mind that whenever you start leaving the response to your e-mails to your auto responder, that’s the point of time when your pay checks too will start leaving you.3. Do not balance your profit and loss statement on a monthly basisIf you are one of the persons who never makes a profit and loss statement of your internet business, I wonder how you go about controlling your prices and budgets? Hence, this is one thing that you should do everyday without fail. You have to make a profit and loss statement on a daily basis in order to manage your budgets properly, even though you are new to this Internet home based business. The thing is that if you are dishonest and not faithful in small little things then you can not be entrusted with big things!4. Do not invest in self-developmentSelf improvement is pretty expensive. However, a lack of self improvement is pretty dangerous for your business. Internet home based business is one kind of business which provides you with various opportunities and new techniques to go about doing stuff is a more inexpensive, speedy and better manner. You should continuously upgrade your knowledge by reading books, joining various forums as well as having a coach and several other ways.5. Have several businesses at a certain point in timeIt is very alluring to be a part of and to earn a lot of money through as many means as possible on the internet. But, when you begin a home based internet business, concentrate on one type of business only or rather on one business only and ensure that it creates a steady income before you become involved I any other business.6. Not treating your internet business as a proper businessThis is not just a hobby, but your profession. So, ensure that you are professional and maintain your integrity.7. Be complacent with what you haveIf you start earning, that does not mean that, that is the end of your progress, you have to keep on improving your business.