Lay the Groundwork Before You Start a Business

Starting a Home Business
Lay the Groundwork Before You Start a Business


* starting a business
* working from home
* business startup planning

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Dreaming of starting a home business? There are a variety of reasons why people decide to go out on their own and start a home business. There's a certain appeal of being your own boss that creates a feeling of independence that's hard to deny. Starting a business is an everyday dream that not many are fortunate enough to realize in their lifetime. Unfortunately, not everyone is cut out to run their own business.

Working From Home
Working at home has its own appeal for many people – but not for everyone. Even if you're not cut out to operate your own business you can still work from home by taking a job that allows you to telecommute – at least a few days per week. Technology is making a work at home arrangements more feasible and more accepted every day.

Challenges to Starting a Home Business
Neither starting a business nor working from home is always a piece of cake. Starting a business can be a very risky proposition. You not only need to do your homework, you need to stay on your toes and remain alert to potential pitfalls as well as potential opportunities. Additionally, you need to be able to handle not having a steady income. This requires advance planning on your part and good money management. It also requires the support of your family or others in your household: without that there's a strong possibility that either your business won't succeed or you'll have a poor work/life balance and family relationships could be severely strained, sometimes irreparably. You may need to work every day of the week to generate the income you need, but you still need to find time to enjoy your loved ones. An occasional getaway is a perfect way to do this without jeopardizing your business.

Working at home requires an environment that's conducive to getting your work accomplished. That means in addition to being self-motivated, you'll need some control over noise and family interruptions. Depending on the nature of your business, you may need to make some substantial changes to your home's environment in order to be successful.

You Need to Plan Before You Start any Business
Someone once said, "If you fail to plan, you should plan to fail". Most new businesses don't survive – this is not doom and gloom, this is fact, and it's a fact you need to be aware of so you can be among those who not only succeed, but who prosper. My 10 Steps Before You Start a Home Business will help you achieve your dream - or it may help you decide that you really don't want to.

The purpose of completing the 10 steps is to determine if you have a workable business idea, if you can reasonably operate your business from home, to help you understand how much money it's going to take, and to help you understand how your family feels about the whole idea.

You'll benefit from completing the 10 steps whether you decide to go ahead with your home business idea or not. Make the most of it and, if you don't have to, don't rush it. It's very tempting to think you can skip steps, but if you do you may regret it later.

As you go through each step, keep notes of what you've learned. At any point in the process you may encounter an insurmountable obstacle in your path that will require you to go back and either retrace a step or start all over.

If you decide to go ahead, your notes will come in very handy when it comes time to prepare a business plan.