How you can start a small business

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Unemployed and worried

Unemployed and worried

These days more and more people are wondering whether they should start a small home business and how to start a business.

Many of us wonder why work for someone else and travel back and forth to an office daily when you can establish you very own business right in the comforts of your home?  This would mean flexible hours for working, lesser expense on traveling to and from work and no boss to nag you day-after-day. We only live once here so maybe it’s time to really start thinking about starting a small home business?

Imagine a person, let’s call him John, working as a sales employee of Company XYZ.  John  works up to the wee hours of the night from break of the day just so he can sell ad space worth at least a million for the smallest size.   When the sale goes through, John gets $20 worth of commission.  John  here enriches Company XYZ through his efforts but he only gets his base pay plus the $20 commission—all that for the millions of dollars he brings in to Company XYZ’s coffers. John is not a happy camper.

If John  contrives a way to build a home based business similar to what he is doing at present for Company XYZ, getting his old customers and developing their list, then perhaps he will have more to bring home each month than if he continues working for Company XYZ.

If you, like John,  are still uncertain about your business aspects but are raring to start a home based business, you can do it on a part time basis.  This means you will start your home based venture but still hold your eight to five job for financial security until such time you are confident enough about your venture.

While a home based business will not necessarily make you a millionaire, although there is nothing wrong if it happens, it has several benefits like flexible work hours, no boss to nag you daily, savings on fuel and time wasted going to and from the office and most of all, you get an income that will depend upon your creative thinking, ingeniousness and industriousness.

The trend now is a home based business using the internet.  There are people who become successful in their internet home business but there are other home based business depending on your hobbies, skills, interests and experience. There are lots of plus sides for an internet business, perhaps biggest being that you can do business globally. Also, these days you don’t even have to have your own products as there are loads of great products you can represent.

There are also Internet businesses that offer residual income, which means that you will get paid month after month from one sale. Now, that’s great. You make a sale and get paid even for several years from that one sale!

It is easy to say that you will be starting a small home based business but deciding on the kind of home based business you will have is the difficult part.  First, you have to be realistic and scrutinize of what you have available in terms of skills, interests and experiences.  If you are already into a spare-time activity that can be became a business venture then the better as it will mean lesser capital and effort because you already have the expertise.  Go into a home based business that you love doing.

There are lots of hobbies that can be converted into a home based business like baking, gardening, cross stitching, events organizing and catering.  If you are a certified professional then you can offer your services as a lawyer, doctor or designer.  If you are not into retailing or selling, perhaps you can try training.   There are other areas of interest which you can turn into a small home based business.

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