Careful planning, based on interviews with dozens of home based operators over the past decade indicate that special planning is required to research legal and tax issues, proper space utilization and to establish time management discipline.
Inadequate or careless attention to development of a detailed business plan can be costly for you and your family in terms of lost time, wasted talent and disappearing dollars.
A business line has the added advantage of allowing you to have a business listing in the phone book and, if you wish to buy it, an ad in the classified directory Is a Home Based Work Business Site Workable?
It will be important to set aside a specific work area.
Check the reasons below for and against working at home that apply to you.
List any additional drawbacks or obstacles to operating this business at home.It is very difficult for some people to make and keep work schedules even in the disciplined setting of an employer's office.At home, as your own boss, the problem can be much greater To determine how much time you can devote to your business, begin by drafting a weekly task timetable listing all current and potential responsibilities and the blocks of time required for each.When and how can business responsibilities be added without undue physical or mental stress on you and your family?Potential conflicts must be faced and resolved at the outset and as they occur Otherwise, your business can become a nightmare.For example, more than one fledgling business ledger has gone up in smoke, been chewed by the family dog, or thrown out with the trash when business records were not kept separate from family papers.Ready access to business records during work hours is essential, but they must be protected._____ I have an ability to conceptualize the whole of a business; not just its individual parts, but how they relate to each other_____ I develop an inherent sense of what is "right" for a business and have the courage to pursue it._____ One or both of my parents were entrepreneurs; calculated risk-taking runs in the family _____ My life is characterized by a willingness and capacity to persevere.Many proprietors who sense entrepreneurial deficiencies seek extra training and support their limitations with help from a skilled team of business advisors such as accountants, bankers and attorneys.Selecting A Home Based Work Business Perhaps you have already decided what your home based business will be.