| The Home Based Business: Can It Work for You? |
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| Written by Shawna Ruppert | |
| Monday, 14 July 2008 | |
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Page 1 of 2 There are thousands of people quitting their thankless and boring 9-5 jobs every day in order to maintain their newfound freedom with a home based business. But, what kind of a home based business can run without any direction? The answer is none. So, if an individual is thinking about starting a home based business, there are several things that need to be considered before setting up shop.
FundingOne of the first things that should be considered by a budding entrepreneur is the funding that is available. Everyone knows that it takes a decent amount of money to create a successful business. Yes, this is true for the home based business as well. However, when an individual is attempting to start a home based business, they may find themselves strapped for cash to not only keep the business afloat, but to pay the household bills as well. One of the first rules of business is to always keep home and work separate. In other words, keep separate budgets and accounts for each. This way, you will not be as tempted to take from one area to finance the other. An even better idea is to set aside three months worth of funding so that, should something unexpected occur, there will be ample funds to fall back on. TimeThe next thing that should be considered is time. If an individual has a family, especially if there are children at home, time is going to be an issue. It’s often difficult for family members to learn to adapt to a person who has always worked outside the home to now work within it and the same is true for the individual. This opens up a whole new can of worms. Family members may feel that, since the person is working at home, this leaves the door open for them to interrupt whenever they wish for whatever reason they wish. An individual who chooses the home based business will have to be firm with family members and make them aware that these interruptions are not acceptable during the working hours, which should be clearly defined. |
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The Importance of Incorporation??Thursday, 03 July 2008 | Joe Doyle Those wanting to start a business or entering into a business venture initially have an important decision to make: “Incorporate or not to incorporate, that is the question?” Those creating or running their own business have four basic structures to operate under. The entity can operate as a sole proprietorship, partnership, LLC or a corporation. These structures will be discussed in a bit more detail below.+ Full Story | The Pros and Cons of a Business PartnershipMonday, 23 June 2008 | Shawna RuppertThere are great benefits to be reaped from starting a business from a partnership rather than a solo perspective, but there are limitations as well. When deciding on whether or not to start a business as a partnership it is important to carefully weigh the pros and cons to see if this is going to be the best option for your company’s success. + Full Story |
| Business Plan TemplateSunday, 15 June 2008 | Sunil TinaniA simple step-by-step template for a DIY business plan. + Full Story | How to Plan a Start-UpSaturday, 14 June 2008 | Sunil Tinani Entrepreneurs are eager beavers – they have a business idea that must take-off immediately, right now, without further delay, asap, and so on – you get the idea! Well, taking off on a start-up without adequate planning is like flying a plane without a pilot – you go from one air pocket into another and keep going until you are left with only air in your pockets, no money, and then you crash land! + Full Story |
| The Home Based Business PlanMonday, 09 June 2008 | Shawna Ruppert Discovering the Home Based Business Plan that is going to work the best for you is the most important step in setting yourself free from our traditional models of employment. + Full Story | Business Networking: Earning a Wealth of ContactsMonday, 09 June 2008 | Shawna Ruppert Business networking is one of the most fundamental needs of any business. The success or failure of any new business can be largely dependent on whether or not they are able to build themselves a network of clients and customers during their startup period. Marketing, creating consumer loyalty and networking are all major factors in ensuring that you have the wealth of contacts that your business will need in order to be truly successful. + Full Story |
| Motivating your teamMonday, 26 May 2008 | Jill Marshall
Every thriving business is held buoyant by a team that works well
together, and the only way a team becomes successful is if they're
motivated to succeed.
+ Full Story | Becoming a business analystMonday, 26 May 2008 | Jill Marshall
Are you a technical buff? Consider
yourself somewhat business-minded? Believe it or not, these qualities
need not be channeled into separate careers.
+ Full Story |
| Efficiency RatiosMonday, 26 May 2008 | Sunil Tinani
Is the company employing its assets
efficiently? Or, are they being underutilized much to the
shareholder's agony? Here is how you can find out:
+ Full Story | Profitability RatiosMonday, 26 May 2008 | Sunil Tinani
These ratios measure how skillful a
company is at generating profits.
+ Full Story |
