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How to Start a Business from Home

Aug 17, 2007
If you are ready to start a business from home, then you are undoubtedly wondering how to go about it in a way that will keep you sane, allow you to make some money, yet that keeps it easy on the finances so that you will not be tempted to run up your credit cards in an effort to stay afloat. There are some simple steps you can take when you are ready to start a business from home:

Do not quit your day job. Yes, it is tempting to do so right away and jump into your business with both feet, but remember that until the money comes in, you will still need to pay your bills! So instead of quitting your jobs altogether, go ahead and see if you can cut your hours, and perhaps work part time. If things go well with your business, you can go ahead and quit your job; on the other hand, if things do not go as well as you anticipated, or if perhaps you decide against running a business at this time, you can increase your hours again to full time status.

Save up some money. When you start a business from home, there will be some expenses you will need to be able to pay. Perhaps you need to get permits or licenses, or maybe you simply need to buy some equipment. It is tempting to go ahead and use your credit cards to get started, or if the expenses are great to take out a second mortgage on your home. Do not give in to these temptations, instead, go ahead and save up some money to use it for these reasons.

Create a workspace you will enjoy. Depending on which kind of home business you will start, you will need to have a suitable work area. Make sure that the work area you have mapped out for yourself meets your needs; after all, you will be spending quite a bit of time there!

Create a marketing plan. Whether you are selling a good or service, you want to make sure to get the word out. Networking is important, but do not underestimate the power of email signatures, business cards, and handing out freebies and coupons!

Enjoy your business! You have probably decided to start the business because you want to do something you love and because you want to spend more time with your friends and family. Go ahead and enjoy your business and resist the urge to overwork yourself, especially in the beginning! You do not want to suffer from burnout!

These tips and tricks should help you to start a business from home, keep your sanity, and make it an all around enjoyable process!
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