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A 20-Point Checklist for New Home Businesses
...... may not allow you to prepare food in your
home if you have pets running around!
11) Select a business structure, such as sole proprietorship,
partnership, or corporation. Again, you may want to
consult with a qualified professional to determine
what's best for your specific situation.
12) Assess your financial situation. Do you have enough
to finance a business startup' How will you handle
emergencies' Don't forget about marketing expenses --
the success of your business will depend in large part
on how well you market it.
13) Secure additional funds, if necessary. Loans, lines of
credit, grants, savings, and employment income are some
ways that entrepreneurs can finance their businesses.
The US Small Business Administration has a useful list:
http://www.sba.gov/starting/indexspecial.html
14) Prepare a business plan to help you define your goals
and stay focused. Again, the US SBA offers help at
http://www.sba.gov/starting/indexbusplans.html
15) Investigate the costs associated with purchasing the
necessary equipment, materials, and supplies. Contact
several suppliers to compare quality, prices, and
service.
16) Talk to your local tax office. Ask for any relevant
information on how your home business will affect your
Auto Insurance PrimerWhat is auto insurance? Auto insurance (or car insurance, motor insurance) is insurance consumers can purchase for ..... tax situation.
17) Consider purchasing additional insurance to cover your
business assets.
18) Set up your home office. Establish rules and 'office
hours', when customers can generally expect to reach
you. Consider setting aside a room specifically for
your office space.
19) Talk to your bank about a business account, to keep
your business and personal income and expenses separate.
20) Consult with professionals. Depending on your situation,
you may need to use the services of lawyers, accountants
or bookkeepers, insurance agents or brokers, and others.
For additional information, read the US Small Business
Administration's 'Small Business Startup Kit' available
at http://www.sba.gov/starting/indexstartup.html .
About the Author
_____
Angela is the editor of Online Business Basics, a practical
guide to building a business on a beginner's budget. It's
a proven hit with beginners, for the down-to-earth style
and loads of instantly useable tips! For details, visit
http://onlinebusinessbasics.com/article.html
OR request a series of 10 free reports to get you started:
http://onlinebusinessbasics.com/freereports.html
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