Monday 13 July 2009

Things to think about before starting your home-based business

hiremyparents will be with you all the way once you've started your home business, we'll deliver all the leads and opportunities you require, but being a parent is pretty much a full time job as it is, things can get tough. Take a look at these base questions and really think whether a home-based business is for you. The rewards are amazing, both financially and for your lifestyle, but you should take a long look in the mirror first because it will be hard and often lonely work.

1. Does your business have legs? Have you researched your business idea, your customer base and competition? If you haven't you're not ready to go it alone.
2. What are you going to do about childcare? Working from home, means working from home. This means you still need childcare. If you can't afford it or intend to work when your kids are asleep or in school, ask yourself can your business and your stress levels take it?
3. Is your family behind you 100% and can you afford to fail? Depressing thought but essential to know because starting a new business is time consuming and a money drain for very little return in the first year.
4. Have you sorted your finances out? Do you know what your start up costs are and how you're going to find the money?
5. Can you really work alone? If you're good a good self starter who can motivate her/his-self, and pick her/his-self up when things go wrong being a home based entrepreneur could be the right choice for you.

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