Did you know that Apple, Hershey’s, Mary Kay and Ford all started as a work from home business? In the United States, over half of the businesses around were started the same exact way. First, you need to ask yourself the tough questions like; “Is there space at home for a business?” and “Can my family handle a home business?”
Here is some more information that can help you decide if a work from home business is right for you:
If you have decided you are ready to start a home-based business, then you might already have an idea and/or the products you want to market. If not, think about your background, what you are good at, and what experience you have. This exploration can get you on your way to coming up with a sound idea. For additional guidance on how to start your business, use the resources listed below.
- Check out the first steps for starting any small business
- Obtain a checklist of things to do at How to Set Up a Home-Based Business
- Get planning ideas by reading an article that provides a comprehensive approach to developing a business plan for a home-based business
- Learn how your local government’s zoning ordinances may affect your business. Not knowing the potential legal and community problems associated with having a business at home, and the rules, can have devastating consequences.
Buying a Work-at-Home Franchise: Home based franchises are becoming more common, but buyer beware! Some “work at home” franchise opportunities are schemes to get your money. Visit the Consumer Guide to Buying a Franchise for more information about evaluating and buying into franchises and related work-at-home business opportunities.
There will be other factors like coming up with a solid business plan or idea and make sure your tax plan is set up as well.
What advice do you have about businesses that are home-based?