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