dimanche 23 novembre 2008

Things to Consider When Starting Your Home-Based Business

02:22 Posted by: Marokko Suche 0 comments

By business card secrets

Of course, personal preferences are not the only considerations that come into play when deciding what business idea to pursue. Other things you will need to consider include:

Your health - If your physical health is poor, it is likely to be a mistake starting a business which involves regular strenuous effort, e.g. window cleaning. You must be honest with yourself here. Yes, a healthy outdoor business might help build up your stamina - but if, due to ill-health (perhaps brought on by over-exertion), you keep letting your customers down, you will soon have no business left. If health is a factor, you may be better considering an indoor, office-based business, even if this is not your ideal preference.

Your aptitudes and abilities - Again, be honest with yourself here. You might like the idea of being a freelance photographer or writer, but have you really got what it takes to succeed in these competitive professions? For example, it would probably be a mistake to try to launch a career as a freelance writer if all your work has ever received is rejection slips. If appropriate (and possible), get your work appraised by an independent expert, ideally someone who is already successful in your chosen field. This person should be able to give you objective feedback on your abilities and highlight any areas in which you need to improve. Do not rely on encouraging comments from friends and family: they will inevitably view your work through rose-tinted glasses, and in any event are unlikely to be aware of the standards required by professionals in your field. Of course, if you are really determined to make a go of your chosen occupation, you should not necessarily be deterred if you get an unfavourable response initially. This may, however, indicate that it could be wise to spend some extra time polishing and developing your skills before you start to rely on them for an income.

Your other commitments - For many people a major attraction of starting a home-based business is that they can combine earning a living with their other domestic commitments. But this in turn, of course, imposes restrictions on the type of business which you can run. If you need to be at home to look after young children or an elderly relative, for example, you cannot start a business which requires you to work in other people's houses much of the time, e.g. gardening or household cleaning. Similarly, you may only be able to work at certain times, or need to be free at short notice. These requirements will also have a major impact on the type of business you may be able to run.

The market - Whatever the type of business you decide to start, unless there is a large enough group of people willing to pay you for it your venture is doomed to failure. Realism, once again, is all-important here. You may have spent your whole life perfecting your skills in producing life-sized wood carvings of British waterfowl, but how many people will want to buy them and for what price? How will you bring your product or service to the attention of potential buyers - and will it be worth your while to do so for what they are prepared to pay? You must think long and carefully about your proposed business and how you will make money from it.

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