.

Starting a Home-Based Business?

There are many factors to consider when thinking about starting a home-based business...

What do Apple Computer, Hershey's, Mary Kay Cosmetics, and the Ford Motor Company have in common? These well-known corporations all started out as home-based businesses. In fact, more than half of all U.S. businesses are based out of an owner's home.

Starting a home-based business has many rewards as well as challenges. But before starting a home-based business you might consider asking yourself a few questions:

1.  Are you ready to start a business?  You can click on this link provided by the Small Business Administration http://web.sba.gov/sbtn/sbat/index.cfm?Tool=4.  This will help you understand your readiness for starting a small business. Your responses will be scored automatically and an assessment profile will be provided after you click the Submit button. This is an automated
self-assessment tool. SBA is not collecting information, tabulating or utilizing
individual visitors’ results.

2.  Can you live and work in the same area? Find the answer by asking yourself the following questions: Where in the home will the business be located? What
adjustments to living arrangements will be required? What will be the cost of
changes? How will your family react? What will the neighbors think?

3.  Is working from home right for you?  Consider all the factors involved with working from home.  What will your working hours be?  Does it conflict with your family life?  Should you use your home address for business?  Are there distractions at home?  There are many factors to consider.

4.  What are the Pros and Cons of working from home?  Some of the benefits of working from home are flexibility, low overhead, saving money.  Some of the cons include you may be missing out on more foot traffic, you are more anonymous, and it can be harder to separate your home life from your work life.  Also is the consideration of exposing your private home address to the public.

With the popularity of virtual offices and proper planning a home-based business may be a serious consideration for anyone seeking to work for themselves or start a new business with much lower overhead.

Vicky Acevedo is Sales Manager of Intelligent Office San Diego

Intelligent Office

4275 Executive Square

Suite 200

La Jolla, CA  92037

858-964-2300

 

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

Cyndi Ringoot RN, BSN December 20, 2012 at 04:45 AM
Thank you for your post, I had to consider the same questions when I started my home based health and wellness business. I have been a healthcare professional for over 20 years, I really enjoy the flexibility and autonomy that a home based business provides. Helping my family and others reach and meet their health and fitness goals has been very rewarding. Happy Holidays, Cyndi Ringoot RN, BSN www.cyndiringoot.usana.com
Stacey Beck March 18, 2014 at 01:09 PM
Thanks for all the advice, this is good to know. I have a couple of ideas going through my head of what I could do from home and I really want to put them into action. I'll have to remember all of of this. Stacey http://www.sourceoffice.com/tysons.html

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »