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Part 4 of 5 On The Home Business Set-Up Guide
Part 4 of 5 On The Home Business Set-Up Guide Dear Reader, These articles will provide a step by step guide on how to start and run a home based business based on my experiences and other home business owners. This is part 4 in a series...
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A Secret Home Based Business… Long Term Stock Investing!
I have a dear friend who is a medical doctor. I once mentioned to his secretary that it seemed to me that his ex-wife had really taken him to the cleaners in their divorce. His secretary very quickly and forcefully admonished me and explained that...
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Home Business, What's So Great About It?


Home Business allows you more time to do what you want.

Home Business gives you more freedom i.e. no more 9-5 job.

Because a Home Business is well.... at Home, you don't have to travel far to get there.

Just come down stairs in your pajamas and get to work right there and then. It's so convenient.

What is this article about?

Basically this is about starting a Home Business, what's involved, what options there are, how much it can cost etc.

I have already described the advantages of having a Home Based Business, so now we will discuss what is involved in starting one up.

When you start working for yourself there are several things you must take into consideration.

How much can I afford to spend on advertising, materials and other costs, can I afford to lose the money I am going to put into this business, where will I get finance from? And a million other things.

So I will break this down into many small chunks which will make it much easier to digest.

How much money will I need to start this up?

That is entirely dependant upon you and your goals. You should only invest as much money as you can afford to lose, this way, if everything goes wrong you can still live without too much interference.

That aside you must think how much you are going to spend on advertising. To work this out, you should take all of your costs and assign them a percentage of your finance which you will put into them. For example, if you had $10,000 to start your Business, you could assign 10% to advertising depending on how much everything else costs.

In my opinion you should work out your initial costs first, like rent and materials for example.

Then you can take what's left over and assign it to whatever else you want to spend the money on afterwards.

How can I tell if I can afford to lose the money I invest in my Business?

Very simply estimate the most that the business will cost you and assume that it wont make any money at all for a month, obviously this will be a big loss, but it will give you an idea of what COULD happen if your very unlucky.

If it looks like way more than you can afford to lose, then don't do it until you are more prepared. But please remember that in business, there is no reward without risk. So if you don't risk your money, then you wont be rewarded.

Do I need finance? And Where can I get it from?

Do you have enough personal savings to start the business you want to? If you don't then you will need external financing.

The place where most people will get there initial financing is the bank. But there are other places and people as well.


Mortgage for premises


Venture capitalists


And many more, but the above are the main ones.

I'm sure you know what mortgages and loans are, but chances are, you don't know what a venture capitalist is.

A venture capitalist is someone who contributes financing to a business in exchange for part ownership of the firm. This is ideal if you are starting an expensive business which you might not be able to afford, but expect high profits from.

But be careful, when you give up part ownership you give up some profits.

Stephen Warren, the creator and webmaster of http://www.marketershandbook.com , a completely free business and marketing resource which anyone may use.

More Reading:

Selling a REAL product as your home business

The 9 to 5 Home Business Tug o War

Work At Home But Dont Become A Slave To Your Business

What Does It REALLY Take To Build A Home Based Business And Work At Home

Getting Your Family Involved In Your Home Business

Home Business Opportunity Abounds on The Internet

Dealing With Search Engine Stress In A Home Based Business

Managing Your Home Based Online Business 6


Free Home Based Internet Business

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Additional Reading

Selling a REAL product as your home business
What is selling tangible product using the internet? simple, it is like having a store online. Instead of a physical store or shop that you lease and you put your items in, it is an online store. A store that people can get in in just one click,...
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The 9 to 5-Home Business Tug o' War
Perhaps the scarcest commodity the new home-business owner just starting out has is time. This is particularly so if you are also working a traditional, full-time job and building up your business "on the side" in your spare time. This is a...
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Work At Home, But Don't Become A Slave To Your Business
Although the expressed reasons for wanting to work from home are many and varied, most home based business owners cite the ability to set their own hours as a major factor in their decision to work at home. However, many people that have work at...
...Read More



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