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Are you thinking about running a home business? There are many types to choose from. They all require some planning though.
It can be very rewarding to create your own business from your home. The benefits are great:
- You are your own boss.
- You make your own hours.
- You can be there for your family.
- You can make money on a topic you are passionate about.
However, there is some planning involved. I consider myself a business owner by running a blog. You can check out a post I did on being a strong entrepreneur in the blogging world.
Before you venture into the wonderful world of home business there are a few tips I have.
1. Brain Storm
Decide what kind of business you want. Do you want to be a blogger? Sell products you create?
Do some research on the type of business you want to do. Google top people in that field/niche. See what they are talking about, follow them on social media. Having an online business is great, however, with the internet things change daily almost. LinkedIn is a great social media platform to see what professionals are doing. I recommend checking out Marty Stallone.
A set workspace in your home is a must have. I don’t care if it’s just a card table in a corner of a room. It helps to be creative by having your own set space. I started out working in my dining room, I’ve now upgraded to my own office. I turned my daughter’s bedroom into an office when she moved out.
4. Set working hours
If you have a family, this can be harder to do. Especially if your children are very young and not in school yet. However, I find although I can (and do) work all day/night if I want: that I get more work done during certain hours.
It’s important in life, in general, to be organized. It’s very important for an online business. Do you want to keep your files online? Or print them out for a hard copy? Personally, I do a little of both in my blogging. I have some files on my computer/google drive. Most of my files are in a binder. I love pen/paper and writing things out. It works for me but may not work for you.
This is the last but most important aspect. Make sure you research the laws in general for your company idea and the tax laws. For example, sometimes I get products to review as payment for a blog post. That is not a “Free” item. I have to pay taxes on that just like I do any actual money. If you break a law saying “I didn’t know that was a law” is not a good defense.
I hope this helps you get ready to enter the great world of running your own business online.
Do you currently run your own business? I’d love to hear what your business is, or what type you’d love to run.