[an error occurred while processing this directive]


home_business Directory

home_business Articles

WRITERS WANTED! (click-me)

Feature Article:

Your Online Home-Based Business Can Lead To Search Engine Stress
By Kirk Bannerman As a member of several search engine optimization forums, I have recently noticed (especially since Yahoo recently decided to try their hand at competing with Google) that the stress level of many webmasters has gone way...
...Read More

Setting Fees for Your Home Based Business
Many people assume that since you work from home you should charge less. I disagree - when you consider that most home based business people are supporting families, paying their own benefit package including medical and dental, and have increased...
...Read More

Home-Based Business Start-Up Costs - How to Keep Them Under Control


You’re an entrepreneur! You've made the decision to work from home and it's time to get your office or shop set up.

You have taken care of the legalities, you know who your target market is, you have an exceptional product or service and you're ready to get it out there.

This is a very exciting time and you want everything to be perfect and appealing, including your workspace.

You buy a new desk, computer, printer/copier/fax/ scanner, chair, calculator, office supplies, file cabinets, bookshelves, and decorative accessories to make your office attractive.

You may be spending a great deal of time in your workspace and it is important that it be comfortable and ergonomically designed.

Although comfort and functionality are important, be mindful when furnishing and equipping your workplace.

Be aware of what is absolutely necessary and what is a nice-to-have.

Some of today's business giants started by selling out of their garages.

It was not glamorous in the beginning, but it was necessary to start their businesses on a solid foundation.

Now, some of these successful entrepreneurs work out of magnificent skyscrapers, have mansions in New England and drive vintage sports cars.

These smart businessmen and women realized that everything didn't have to be perfect or aesthetic when they started.

Some new home-based business owners feel it is necessary to buy state-of-the-art equipment, sign up for all of the prominent subscriptions and memberships, stock their shelves with loads of inventory, have expensive art on the walls, and create an air of wealth and success in order to impress prospective clients.

This kind of thinking can put you out of the race before you even start running!

I remember when I was a consultant for a MLM company. I thought I had to carry every product available to impress my customers.

A startling realization for me was that my biggest show in sales was when I had the fewest number of pieces on display.

The customers were able to see the quality in each product and did not have to see every piece in order to make a buying decision.

When I decided to terminate my business, I had a closet full of products. I sold quite a few items to another consultant, but still had shelves stocked with unopened product.

For about five years, I didn't have to buy a birthday, wedding or Christmas present because I had a massive amount of untouched gifts in my home office.

When I decided to start my coaching business, I was older and wiser, and grateful I made many of my mistakes at an earlier age. I learned from them and knew not to repeat them.

I started small. I had a computer, an old, but reliable printer, a 15-year old calculator and desk, and a comfy office chair.

All I needed was a quality phone capable of handling multiple lines and a headset.

For the first twelve months of my business, these items were more than sufficient.

As my business grew and profits increased enough to support additional spending, I upgraded my computer and printer and made improvements in my office.

When starting your new home-based business, understand that your first year can be financially demanding.

Until you have a steady, reliable source of income, it is wise to avoid excessive spending and unnecessary purchases.

Be honest with yourself when making purchases for your business.

Yes, you need a good quality printer with fax/copy and scanning capabilities, but do you need the one that is designed for high volume, large scale copying?

If you're not in the copying business, a lower volume, lower priced multi-media product will more than serve you.

When starting your business, sit down and determine what you absolutely need to get things going and what the costs will be.

What will your monthly operating expenses be? For example:

-internet access
-bank charges
-phone/fax lines
-auto responder and shopping cart (if online business),
-printer cartridges/office supplies
-advertising, etc.

Then determine when you expect to start bringing in sales. How much will you need to earn every month to cover your operating expenses?

Not until your basic monthly expenses are covered and a surplus of funds is created should you begin to purchase the nice-to haves.

Be frugal during your first year as a home-based business owner. Monitor and understand where your money is coming from and where it is going.

Keep a watchful eye, maintain strict control and pace your spending according to your profits.

By creating structure and remaining vigilant in your spending, you will build a solid foundation for your business.

Build a strong foundation, be financially responsible on an ongoing basis and the sky will be the limit!

About the Author

Laurie Hayes is a Life Strategy/Small Business Coach and founder of Where the Heart Is Life Coaching.

Laurie specializes in assisting home-based business owners who face the challenges that come with working from home. She is the author of numerous articles and a bi-weekly newsletter, "The Heart of Living."

To subscribe to her free newsletter and learn more about coaching, visit www.wheretheheartis-lifecoaching.com

More Reading:

Certification for Women Home Based Business Owners

7 Ways To Get Financing For Your Home Business

What Is The Right Time To Start Work At Home Make Money Online Business

Home Business Paid vs Free Hosting for Your Website

How to run successful internet based home business

Home Business Writing Made Simple

3 Ways To Jumpstart Your Home based Business

FREE Classifieds Advertising Your Online Work From Home Business

Starting A Home Business Step 9

Avoiding Common Work at Home Business Pitfalls

home_business Home

home_business Directory

Additional Reading

Home-Based Business Breakthroughs - 8 Powerful Strategies
Many home-based business owners go into business with the dream of creating more financial and personal freedom for themselves. Usually, quite the opposite result is produced. When running your own business, you often work harder and for longer...
...Read More

Your home business breakthrough will come from finding a product that the corporate world needs
There are very few businesses that are targeted at corporate clients that fail to take off in a hurry. The reason is really simple. If there is something that businesses want or need, they have no time to count pennies and agonize whether they can...
...Read More

“Managing Your Time In A Home Business”
This article is free to reprint with all attachments and authors credits in place. A courtesy copy of the publication would be appreciated. “Managing Your Time In A Home Business” Is your business still an inspiration, or has the pressure of time...
...Read More



Internet Search for: home_business, when, business

[an error occurred while processing this directive]

[an error occurred while processing this directive]