How to start a home based business with your skills, interests and passions...
based businesses are becoming very popular now
because more and more people are realising the convenience that the
online world offers in particular in setting up a new business or a
micro business to supplement their income . Business enables you to be
more flexible with your time and location. It gives you the opportunity
to put extra time to fit in order your other responsibilities. Depending
on what smallbiz you are interested in starting you can start them just
about anywhere (assuming that your potential clients are there) and you
can work at the times that suit you. BUT despite these advantages you
need to be committed and organised ensuring that you do the work that is
required and there is definitely a lot of work to do that you didn't
think about initially.
I can give you
some steps on how to start a home based business but it is really up to
you to think about whether you have the ability to commit to the work
and the effort that is involved. If you are willing to start small and
not earn too much in the beginning with the potential to build something
for your future it can be a very worthwhile opportunity.
How to start a home based business in 6 easy steps
To start a home based business, there are a number of easy
steps that you can follow:
the kind of business that you want to get into. If you are great at making
things, like baking cakes or t-shirt printing, or if you are a certified
programmer or a transcriber, it is a great idea to start a home based
Assess how in demand your skills or services
are. Be observant and find out if the
people in your neighborhood are big cake lovers, or if you can find clients
looking for a programmer through your network.
Check out the finances. How much money do you have right now? How much of it
needs to go to starting your home based business? How much do you expect to
earn on the first month? Is it enough to cover all your operating
expenses? This is where it is really beneficial to do a very basic cash flow projection to see if it will be worthwhile.
Review the legal aspects of starting a home based business in your area. You will most probably need to register for a home based
business license if you are having people visit your home regularly. If you do the majority of your work from home but don't have clients visit you might not have to. Check with your local council.
get the go ahead from your council to start a home based business in your location, prepare
a business plan to have a hard copy of the ideas, objectives, and other
information that you have decided about your business. This will include finances, marketing opportunities, staffing requirements, and who your competitors are to determine your competitive advantage.
And finally ... the 6th step ... you are ready to
launch your home based business. Remember that this is an ongoing learning
process and be open to anything new that comes your way.
After owning and managing small to medium businesses for over 18 years
Tammy Love is Ms Small Biz -- she has a love/hate relationship with
business! She knows first hand that it is really exciting to grow something and
provide the best possible service/product for customers but yet it can
also be tiring, hard and down right exhausting! She
also knows how lonely that it can be being a business owner. She is using her website | Facebook page and Twitter to help others achieve their dream of starting or getting through the beast that is small business!