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I have attended a couple of interesting entrepreneur seminars in London recently, this week I was invited to a complimentary breakfast event in London with Roger Hamilton. The seminar promised to focus on ways to connect with people, ideas and opportunities all over the world through an organisation called XL. Roger would discuss how to improve the quality of your connections and your business network to make money. The talk would also cover “four critical factors that all great entrepreneurs focus on harnessing grow and manage their businesses - four things that could bring more wealth, certainty and ability to make a difference than virtually anything else you could learn on business elsewhere.”

I booked my place and turned up on time, and listened to the hour long presentation with my fellow guests who all seemed fairly bright and positive. The speech was interesting and described a lot of the business ideas that members of XL foundation had been able to use to help them make money ethically using connections through the foundation.

So far, so good. There was plenty of positive stuff about getting the right mindset to create and seize business opportunities, plus an insight into the eight categories of entrepreneur identified through his Wealth Dynamics test. At the end of the formal presentation it became clear why we were here: stakeholding is, according to Roger Hamilton, one of the four factors mentioned above. He offered us the chance to stay behind and hear how we could have a stakeholding in the XL Results Foundation and get the benefits that go with life membership of the group.

I stayed behind to find out more, along with around thirty others. We all received a life subscription form, showing a cost of US$15000 for life membership. Roger then proceeded to sell the idea well: there is a limit on the number of memberships released this year, we would get free entry to other seminars and training, access to network with all the foundation members. Sounds impressive, but would any business coach advise you to sign up so much money without doing proper due diligence? I gave my excuses and left.

When I got home, I did some thinking and some research. First let me say I think the Foundation has some good things to offer, but a financial commitment of life membership to a private company that has only existed for five years does not appear to be a sound investment. There was no cooling-off period, and I found conflicting evidence on the possibilities of transferring your membership if the scheme was not right for you.

If the presentation comes to London again I will take another look, but for the moment I will stay with my existing business networks - Linkedin and ecademy. They are both free and have worked well for me so far.

If you have any experience of XL Results Foundation, please leave a comment.

Starting your business from your own home reduces the investment that you need to make, so it can be an appealing idea: setting up a profitable home business needs plenty of organization and self discipline. Your home continues to be the place where you and your family live, and the business cannot be allowed to take over or no-one will do well.

The days of dormitory suburbs are over, and every town and village contains aspiring teleworkers, desperate to leave soul-destroying jobs in large conglomerates. The home has massive potential to adapt for multiple use, with a little planning and adaptation.

If you need a well resourced home office for your business, choose an area that is comfortable and suitable. Decide how much space you need, make sure it is well lit and warm enough. If you are using your computer, make sure your seat is well designed. Repetitive strain and neck injuries are sadly becoming more common and this will not help your business!

Businesses that require stock can be a real challenge for the home entrepreneur. Look for a space where you can access the items easily, and store them at the right temperature without causing a hazard to anyone else at home. If you turn a garage over to storage of goods, that could be eligible for a tax allowance so check with your accountant.

Do you need to meet customers or clients at your home? Make sure you have an area that looks professional and businesslike, where you can take them without tripping over bicycles or children’s toys. If you start to get more than a couple of visitors a day, you will need to think about getting permission to carry on a formal business from the local council - before the neighbours start complaining. Or meet your visitors elsewhere - depending on the situation, you may consider checking out cafes or hotels where noise levels are not too high. Otherwise look for a local serviced office centre, where you can often rent space by the day or even the hour.

Using your home as a business centre can save you a lot of cash, and help you get started in the tough early days of your new home business.