Home

home_business Directory


More
home_business Articles

WRITERS WANTED! (click-me)

Feature Article:

The Do's and Don'ts of Work at Home Business
The first and foremost amongst the Do's and Don'ts is - `DO' start to work at home & `DON'T GIVE UP'. I am not saying it because I myself work at home. On the contrary I am saying it because there was a time when I did not work at home!  I know the...
...Read More

Start a Home Based Business? When Is The Best Time?
I’m often perplexed at the number of people that I see start home based businesses on the Internet and then give up on the idea shortly afterward. The usual excuse is that they don’t have the time or don’t have the money to invest. Starting...
...Read More

www.homeincome.com

Part 4 of 5 On The Home Business Set-Up Guide

www.homeincome.com       Navigation


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 of 5 articles. They are written in a basic format and where possible main points are summarised in an attempt to be understood by all. I have tried to minimise the technical jargon as much as possible.

So lets jump right in and see what we need to know about starting and running a home based business.

Regards,

Alvin


http://www.parttimeincome.org

I publish Home Business Tips, a fresh and informative newsletter dedicated to supporting people like YOU! If you’re looking for the best rated home business opportunities, latest time saving tools and helpful support from a friend in the business, come by and a grab a F-R-E-E subscription today at: http://www.parttimeincome.org

Business Networking

Networking and building relationships is essential for the growth of your business. The way to network is to associate yourself with other peers, who will hopefully become suppliers and clients. A good place to start is to find business associations, clubs and business networks which interest you and contact them. Most organisations are always looking for new members and you ill be welcomed. Approach networking in a manner that aims at building a long term relationship rather that the benefit of a short term sale.

Ways to network:


  • Exchange business cards at every opportunity

  • Telephone one person a week who is in a related business field for a coffee

  • Join an organisation


E-Commerce

E-business has become commonplace in the marketplace. You will find your business may use some e-commerce technologies:


  • Business to business – suppliers

  • Business to consumer – online retailing

  • Business to government – tendering

  • Consumer to government – tax returns


The World Wide Web

Inevitably your business will reach the stage where using the internet will be essential.

You will have to buy a modem, which enables the computer to connect to the internet. The next step is to find a ISP (internet service provider) who will provide you access to the internet.

Website

A website may be suitable for your business, but before you spend the money, consider exactly how it will benefit your business. There are many companies who will setup a website costing a few hundred dollars to a few thousand. There may be additional fees and charges (such as registering a domain name), so check with your ISP.

Expanding Your Business

Commonly a business will require more capital to expand. There are few ways to do this, the most common are a bank loan and debt and equity finance.

The Bank Loan

All lender’s have certain criteria which need to be met before a loan is given:


  • Character – this is your business performance, skills and abilities (assessed by the bank manager)

  • Cash flow – this shows whether sufficient funds can be generated to cover loan repayments

  • Collateral – security against potential loss


In many cases applications for loans fail because the borrower has not presented the relevant or sufficient information to enable the lender to understand the intentions of the borrower and the viability of the business venture.

Debt And Equity Finance

Debt finance is money borrowed by the business, from an external source. This is the most common way a small business raises additional funds. Equity finance is capital provided by the owner or investors into the business.

Planning For The Future

Some develop a business for lifestyle reasons, some use it as a means for creating income, or wealth creation in the long term. Some options for the future of your business include:


  • Evolve – business evolves to complement changes in the industry

  • Leave home – move to commercial premises

  • Sell – work to create equity

  • Close down – plan your exit, notify clients, suppliers and be professional about it.


I hope this article has set you on the path to create your own home based business and empower you to reach your financial destiny.

In the next article, I will cover some of the ins and outs of growing your small business from home.

Click Here To Get Other Resources On Home Based Business Ideas & Opportunities

I Am Making As Much Money Part Time From My Home Business As I Was Working Full Time In My 9-5 Job. Want To Hear My Story?

http://www.parttimeincome.org

I publish Home Business Tips, a fresh and informative newsletter dedicated to supporting people like YOU! If you’re looking for the best rated home business opportunities, latest time saving tools and helpful support from a friend in the business, come by and a grab a F-R-E-E subscription today at: http://www.parttimeincome.org


parttimeresidualincome@yahoo.com.au

www.homeincome.com

More Reading:


HOME BASED BUSINESS MLM IS IT FOR YOU

7 Easy Steps To A Home Based Business

Home Based Business Leads and Where to Get Them

Benefits of Article Writing for your Home Business

SECRETS OF HOME BASED BUSINESS IDEA

 
Home Based Business Tax Tips

LAUNCH YOUR HOME BASED RETAIL BUSINESS THROUGH THE ROOF

Starting Your At Home Voiceovers Business

Small Home Business Are You Ready To Start A Home Business

Home Business Comparison Worksheet

home_business Home

home_business Directory

Additional Reading


An Untapped Resource For Finding Your Ideal Home Business
The pitch "Business For Sale!" may be your key to a Profitable Home Based Business! In fact, your GOLDEN Opportunity may be just a FEW CLICKS AWAY!... But most people NEVER even know that a profitable, proven, growing home based business that...
...Read More

3 Secrets to success in your home business
3 Secrets to success in your home business By Joel Teo 2005 All Rights Reserved http://www.makethousandstoday.info Anyone believe it or not can be successful tomorrow in their home business. The problem is most people do not know where to start...
...Read More

Start your own work at home business, by building your own Affiliate Website.
Here is a free 10 step program that will guide you through the steps to build and publish your own website. Follow these easy 10 steps, and grab your part of the $54 million dollar internet boom. You can own an incredible affiliate website of your...
...Read More



 

 

Internet Search for: home, home_business, business

[an error occurred while processing this directive]

 

Copyright    www.homeincome.com