Local Business

Local Business  » Right starting of a home business (Part I)

Right starting of a home business (Part I)

In order to work in peace, it could be a good idea to start a

business of your own at your garage, attic, basement. Anywhere

but the family living room or dinning room.

The right place for starting a business should match your

personal work style and budget.

If you decide to start a business at home, you'll need space for

a desk, a chair, a computer, phone and other frequently-used

equipment.

You ought to have a comfortable space, with chairs or a couch

where you can hold meeting or just collect your thoughts. And

storage space for filing cabinets, books, reference materials,

and supplies.

You might need a large work space for activities such as hand

mailings (does anyone still do this?) shipping and assembling

materials.

START A BUSINESS IN AN UNIQUE MANNER!

Your easy home business will be much easier if you work in

something that you love!

When you decide to start a business, the first thing you must do

is to define the niche where you are the specialist This is the

niche where you can stand out from competition, and for which

you can charge a decent free.

There are four primary ways to define your niche for starting a

business:

WHERE you work -- e.g., you are starting a business at east side

of town; you are starting a business in a firm that specializes

in business advertising, you are starting a business in a

restaurant who has attained renown for having the best cakes in

town, etc.

WHEN you are called upon -- e.g., you repair computers on

weekend and after-hours calls; you provide support to people

involved in scandals or tragedies; last-minute dinner parties,

etc..

WHO are your customers -- e.g., a computer consultants, public

relations firms, home business women, ezine publishers, etc.

WHAT kind of product or service you provide -- e.g., starting a

business about e-book publishing tools, starting a business

about advice for new entrepreneurs, starting a business of home

made syrup, etc..

What makes your product or service, different, better or more

desirable than other similar products available?

Think very carefully the answer to the above question. If you

are starting a business, there must be something about what you

do and the way you do it, that makes you unique, this is what

it's called your Unique Selling Proposition (USP).

START A BUSINESS IN AN ORGANIZED MANNER

In your work space you must keep those things you most

frequently use near your desk.

This could be used as a placing scale, for starting a business

in an organized way: On a scale of one to four, rate the items

you use every day a one; those you use once a year, a four.

Place all the items with a 1 within an arm's reach of your desk

area. Items with a 2: in files, cabinets, countertops or shelves

within your immediate range. Items with 3: in nearby cabinets or

closets, or on shelves outside your office space. Items with 4:

in remote locations outside your office space (maybe other room,

the attic, the garage)

Start a business with your own bank account. Keep separate your

personal and your business accounts.

Start a business with a separate phone line for business calls.

(This will give you a more professional image).

As you are your own boss, you must start a business witha a time

schedule for yourself. Don's spend time with extra sleep or

reading newspaper

Put yourself a deadline to complete given projects. Give

yourself a reward if you accomplish a specific task.

Don't let household activities become a regular part of your

workday. If you start a business at home, you can be fiscally at

home, but must be mentally at work

Tell your family and friends that in your working hours they

should avoid disturbing you. You are not on vacations, you are

STARTING A BUSINSS at home

If disruptions become a main obstacle in your workday, you

should consider relocating your office in a different area of

the house, or changing your working hours

START A BUSINESS LEGALLY

Make sure you can start a business from your home, get sure

there aren't any zoning restrictions and, if there are problems

in doing so, start a business with a separate mailing address or

apply for a use permit or variance to your zoning laws.

If you have employees or are incorporated or in a partnership,

start a business with an employer's ID number

If your job is covered by federal laws, start a business

obtaining a federal license

If you have any required state or local business licenses, get

them.

Protect your products or services with trademarks, copyrights or

patents needed

If you work with other people, and are not a sole proprietor,

incorporate or form a limited-liability company

When you start a business, find out if you are required to

collect sales tax for your product or service. If so, register

with the state agency responsible for collecting sales taxes.

If you start a business using a name other than your own or a

variation thereof, register your business name

Note: it could be wise to consult a lawyer or the appropriate

government agencies in your city and state to be sure about

which of this points apply to your business or locale.

START A BUSINESS BEING REACHABLE

Follow as many as the following advises as you need ...

Start a business working in regular business hours. People can

feel very annoyed if they don't know when they can find you.

If you start a business where you need to intensively use your

telephone...

hire a second line to receive customer's calls or have a fax or

have an e-mail address or all of the above

Use voice mail to take messages when you're out of the office or

unable to answer the telephone. You can purchase an answering

machine or add a voice mail system to your computer.

Use call forwarding to receive calls when you're out of the

Today's Popular Articles

• Boost Business & Get New Clients With Five Quick & Easy Audio

• This is a Home Business, NOT a vacation!

office.

Use a cellular phone, a 700 number or a pager.

To handle incoming calls while you're on the telephone, get call

waiting or voice mail that picks them up so people never get a

busy signal.

Get distinctive ringing that gives you two phone numbers on one

line

Choose a good direct name that fits your business image. If you

start a business with a confusing name that can result in

clients overlooking you, or can target people that aren't really

interested in what you offer them.

Start a business with a good Web hosting service like:

AdGrafix http://newsletter.easy-home-

business.com/hts/adgrafix.html

or SiteBuild It http://newsletter.easy-home-

business.com/hts/sitebuildit.html

and buy your own Internet domain.

MONEY AND ENTRY PLANS TO START A BUSINESS

You must have enough money to cover your costs of living and

doing business during the following startup period:

From six months to a year to get underway One to three years to

turn a profit Three to five years to become self-sustaining.

There are five entry plans that you can consider as options:

Start a Business with the Sideline Plan: Keep your full-time job

and develop your business as a sideline until it takes off

Start a Business with the Part-time Plan; Provide yourself with

a part-time job income while you build up the operation.

Start a Business with the Interchange Plan: Start your job with

a major client from you previous job (if ethically possible), or

even turn your previous employer into your first major customer

Start a Business with the Reduction Plan: Reduce your expenses

to be able to live from your working spouse or partner salary

until your business gets underway

Start a Business with the Clients-Source Plan: If you are a

recognized expert in your field, you might be able to assure

your source of revenue, with a retainer contracts with a few

clients for one year

Get deposits, retainers or partial progress payments as often as

you can.

Ask for payment up front for expenses or arrange to charge them

to your client's account.

Bill immediately upon delivery of your service or product. Don't

give credit from your pocket, take bank cards.

If you receive checks, use a check guarantee service Offer two

to five percent discounts to obtain your payment within 20 days

from the date of invoicing.

Be careful with overdue accounts, the longer the accounts are

overdue, the less likely they are to be paid.

Written by Dr. Roberto A. Bonomi

About the author:

Dr. Roberto Bonomi is a successful e-book writer that shares his

home business experience at: http://www.easy-home-business.com If you

already have, or are looking for an Internet Home Business, you

can't miss the free knowledge that you'll receive at his

site.