When you look at your friends, it's like looking into a mirror. Take the sum of characteristics of the five people you spend most of your time with and you will be the average of that sum.

It is usually quite easy to tell where a person is going by knowing whom she is spending the majority of her time with.

Make a list of the five people you spend most of your time with. Next to each name, identify which category he or she falls into …

1) small or large business owner
2) investor
3) employee
4) solopreneur
5) retiree
6) unemployed
7) home-based business owner

Regardless of which category your associates fall into, this exercise is not meant to judge or measure worth. We are all equal. This exercise is designed to clarify where you are investing your time and energy and how that impacts your business success.

In order to grow, learn and succeed in your home-based business, you need to spend your time with people who have been where you want to be or who are traveling the same path as you.

In order to be challenged, and educated, and have your mind opened to new possibilities, it is imperative that you surround yourself with friends and acquaintances who will move you towards your goal.

This doesn't mean abandon your loyal, long-term acquaintances because they don't share your interests. They are a very important part of your life.

What is does mean, however, is if you want to succeed in business, it is important that you associate with like-minded individuals.

Expand your circle of influence.

Join a group or association made up of home-based business owners. Join on-line forums where you can share ideas and seek input and guidance. Create a mastermind group made up of peers who are on the same path as you or individuals who have existing businesses and are willing to mentor you and each other.

Associating with like-minded individuals will allow you to develop and maintain a business mindset; will increase your confidence and knowledge, and ultimately your success as a business owner.