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