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Managing Your Home Based Online Business – 3
When you have your own home based business, whether it is online or offline, financial management is one of the key "departments". You really do need to keep on top of your finances if you want your own little business to have long term success, and...
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Network Marketing And The Home-Based Business
Network Marketing (NM) Companies are a popular entry point for many people considering a Home-Based Businesses. Formerly called "Multi-Level Marketing" (MLM), these companies are characterized by the Home-Based Business person, or Independent...
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7 Easy Steps To A Home Based Business!


7 Easy Steps To A Home Based Business
by BB Lee (C)2003

500 words

According to the Small Business Administration nearly 20 percent
of Americans are working out of the home at least on a part time

The SBA forecast that the number of home based business owners
will continue to expand rapidly in the next decade. Why? People
hit by the recent downsizing of their companies are searching for
alternate ways to supplement their earnings.

Are you ready to take the plunge and start your own work at home
enterprise? It's rare to find a hard working individual who hasn't
dreamed of quitting his 9 to 5 and striking out on his own.

But there are a few caveats the average person should
take into due consideration.

Although many home business owners have experienced success,
working solo is not for everyone. It can be a hard road with
almost no rewards in the beginning. This translates to zero
profits. It may take one to two years, or even longer, before
they earn profits. Discouraging to say the least. The prime reason
why many home business ventures fail in the first few years.

Well if you are still determined to forge ahead and start a home
based venture...take a look at the following important steps.

1. Select Your Business.
Select a business you are sure you can do well in and that
people are actually willing to pay you money for.

2. Start Planning.
-What will you charge.
-Who are your customers.
-How will you reach your customers.
-How will you market your business.
-What's your unique selling point.
-When will you open for business.
-Where will you set up your office.

3. Legal Issues.
-Check local zoning laws.
-Decide the legal form of your business.(sole, partnership, corporation)
-Get a business license.
-Register your new business name.
-Find out if you need special type of licensing for your business.

4. Financing.
-Set up a bookkeeping system.
-Open a business account at your bank.
-Decide if you need liability insurance.
-Plan how much you will invest to cover startup expenses.

5. Home Office.
-Use a corner of your bedroom, a basement, attic, even a
completely furnished private office-if you have the space.

6. Marketing.
-Establish your business name.
-Get business cards.
-Get professional quality letterhead.
-Get the best stationery you can afford.
-Print flyers announcing your new business.
-Print brochures.
-Set up a one page website announcing your business.

7. Get To Work!
Set up a work schedule and stick to it. If you decide to work
after the children are in school. And quit before they arrive home
in the afternoon. (9 in the morning to 3 in the afternoon)

Stick to it!

Strive to work at least 10 hours per week. More if you have the
time, energy, and drive to succeed.

BB Lee is Editor And Publisher of SmallBizBits Newsletter!
If you like this article subscribe to SmallBizBits Now! For
new articles, advice, tips, unique start-up ideas, ebooks, reports.
Visit: http://www.angelfire.com/zine/smallbiz


About the Author

BB Lee is the editor and publisher of SmallBizBits Newsletter. BB is also a freelance writer who has published numerous articles online and in print media.

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Additional Reading

3 Internet Home Based Businesses Anyone Can Do
Copyright 2005 Kent Thompson If you’re serious about having a home based business, then you need to prepare. The leading reason for a failing home based business is the lack of preparation people commit after they’ve made a decision to start a...
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Home Based Business Article -Why Most People Have Business Success Backwards.
Why most people have business success backwards, and therefore most people aren't successful. Success and wealth are crazy things. You must first give something away for them to be obtained. It is like planting a seed. You must give away or plant...
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Home Based Business - Credibility Is Everything
For a home based business to be truly successful, it has to have credibility. Customers have to have faith in your home based business products and/or your home based business services.  Building up the credibility of your home based business...
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