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INVESTING OPTIONS: Starting a Home based business. The percentage of homeowners working from home has increased 50% from 10 years ago. More americans workers are being downsized and many are retiring early and starting a home based business. There are many advantages of working from home, spending more time with your family, no long commutes to the office in rush hour traffic. There are many tax incentives offered to home base business owners. The best investment one can make is investing in your self. Start by writing down your skills and things you do very well, past work experience, hobbies, and things of interest. The next step is to decide what type of business you would like to start. |
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STEPS TO STARTING A BUSINESS: (#1) prepare a income statement. (#2) prepare a business plan with your expected earnings and expenses for the first 2 years in business. (#3) plan a budget for your business based on your expected expenses. (#4) select the business type sole proprietor, corporation or partnership. (#5) consult your attorney or cpa to make sure your business plan is sound. |
ADVERTISING: Marketing a new business requires creativity, and a budget for advertising. Many business owners make the mistake of starting a business assuming people will just stop by after the grand opening. Marketing and Advertising expense should be included in your business plan as part of your business expense. |
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