| My husband and I dreamed of having a | | | | aren't willing to pay you for the |
| home business for years. We didn't know | | | | product or service, it won't work as a |
| the first thing about how to get | | | | business. For each home based business |
| started. What I came to realize was | | | | idea, I checked into after doing my due |
| that very few people do when they first | | | | diligence of investigating the |
| begin. | | | | opportunity, I stopped and asked myself |
| What we did realize after checking into | | | | three questions. How much are people |
| some 25 to 50 home business | | | | willing to pay me for this product or |
| opportunities was that the most | | | | service? Can I make a sufficient income |
| lucrative and legitimate businesses have | | | | from that? Is this a product that is |
| some type of start up cost. That | | | | requested Worldwide? |
| initial investment cost into the | | | | Suppose that you have a talent you |
| business can include such things as | | | | wanted to market. I'm an artist so I'll |
| expenses to run your website, purchases | | | | use that as an example. I sold a 3' x |
| of leads; for those who are interested | | | | 4' painting for $ 1,000.00. The |
| in running their own home business or | | | | supplies ran me $250.00. The majority |
| ones interested in the product you may | | | | of my paintings are 18" x 24" and they |
| be selling. | | | | sell for about $125.00 to $200.00. |
| There are many choices out there to | | | | Depending on whether it's a watercolor |
| choose from. What we had to do was | | | | and ink or an acrylic painting. |
| think of our , objectives, personality, | | | | My average time to do each painting is 2 |
| current skills, and passions, . I'm | | | | to 3 weeks. I'm only able to make 1, |
| continually reminded that the most | | | | sometimes 2 paintings per month. The |
| successful home businesses are the ones | | | | math says that I would have an income of |
| people are truly passionate about and | | | | $125.00 to $200.00 per month for 1 |
| willing to work hard at. | | | | painting. And double that for 2 |
| My late stepfather, rest his sole. | | | | paintings per month. (Actually less, as |
| Always told me in his drafting | | | | there will be expenses related to |
| experience that "You can't get anywhere | | | | painting products, to deduct from this |
| unless you know where you're going". In | | | | amount.) |
| essence my dear friends you can't build | | | | A poor example, isn't it? Many |
| a hospital unless you have blueprints. I | | | | home-based businesses are started |
| strongly believe you have to have a | | | | without considering the profit angle. |
| business plan. I have been taught by | | | | Business is about profit, and without |
| some excellent directors to make those | | | | sufficient profit, you'll never have |
| plans and goals for two to five years | | | | enough income to even pay the bills, let |
| down the road. I work from a 90 day | | | | alone generate wealth. |
| blueprint at a time and reevaluate it | | | | For more on creating a business that |
| every 90 days. I can see where my | | | | actually produces income, see |
| strengths and weaknesses are and make | | | | Assess the profit-making potential of |
| the needed changes and adjustments to | | | | each home business on your list. Cross |
| accomplish my goals. | | | | that idea for starting a home-based |
| Part of my blueprint will included my | | | | business off your list. if the answer to |
| marketing and advertising expenses, | | | | either of the three questions above |
| other financial and budgeting expenses | | | | isn't satisfactory. |
| per month, my growth objectives and | | | | Ultimately you are the one who decides |
| potentials, and of course ladies and | | | | how much income is enough. This can be a |
| gentlemen how I will achieve this. | | | | part-time home-based businesses that |
| Purchase the essentials for your home | | | | supplements your income. If you are |
| business. It's impossible to do any job | | | | planning to start a home-based business |
| well without the proper tools. | | | | that will provide all of your income |
| Purchase any necessary business licenses | | | | please, I beseech you to research the |
| that you are required to have by county, | | | | profit-making ability of your business |
| city, or state laws as they may pertain. | | | | idea very strongly. |
| This can save you some problems later. | | | | I strongly recommend having support from |
| Make sure also there is no laws or | | | | your family and friends. In my home |
| regulations against you having a home | | | | there only resides my husband and I. My |
| businesses where you reside. | | | | children are grown and on their own. I |
| When you have your own home business be | | | | have had to remember my business is in |
| prepared for the taxes to be due. Make | | | | our home. But first and foremost my |
| plans for how you'll pay them. Get | | | | home is my home. It's also my husband's |
| advice from professionals if you need | | | | home. I have to remember the home |
| to. Doing this will keep you out of deep | | | | business will affect him as well as |
| water. Especially when April 15th comes | | | | myself. And for those with children, |
| around for those living in the United | | | | you need to keep this in mind as well. |
| States. | | | | It has helped me immensely to have the |
| You need to stop and Figure out the | | | | support of friends and other family |
| profit angle. You may have a great | | | | members because it's kept me motivated |
| talent for something and the skills that | | | | and excited about starting and running |
| enable you to express it, but if people | | | | my own home business. |