Start a Work at Home Business
You are a harried salaried person and think that enough is
enough. What options you have when think of quitting your
exhausting, under-paying job? How about starting a home
business? There are scores of ideas on the Internet on good home
business which need low investment and give high returns with
time, provided you have a the time and the zeal to see it
through. There is an extremely interesting link at
http://www.jospos.com which anyone could use for inspiration.
All the material there is free and many of the ideas are
brilliant.
When you decide to start your business you need to do a bit of
ground work so you can have a good business plan in the first
place:
1. Strengths: identify what you could be really good at - your
strengths. Your business would be successful only if you are an
expert or close to it in the chosen field. Hence, list out ten
or better still five major areas where you feel that you really
good.
2. Threats: Work out before hand, what could be the weak spots
in your business so you could plug them in time or plan around
them; do not start your business with pink tinted glasses - plan
realistically, identify your weak areas
3. Investment: identify roughly how much you would need to sent
up your business. A good business proposal would be one which
starts with low capital investment and builds up as the profits
roll in.
4. Market: Do you have a market? Where is your market? Can you
create a niche with the business you plan to launch? Many times
the same business put differently can create more interest than
the original run-of-the original (for example selling games CDs
which cost you $1 to make, for a low cost of say $4 can turn
profitable if you offer them free and charge $8 as handling &
shipping charge; people love something free and will ignore the
S&H charges, while you make a neat profit of $5)
5. Legal aspects: Does your business need special license,
insurance or any other things that involve the law
6. Time budget: Once you have an overall idea about your
business, allot strict time budget to each item of your plan and
stick to it; one most vital aspect for all entrepreneurs is to
be serious about time deadlines about their own business
7. Marketing: Identify the best ways you could advertise and
promote your business, so you know what it takes. Run a test and
see what the results are before you launch your business full
scale.
8. Feedback: Ask for feedback from friends, relatives and others
regarding the overall plan for starting your business. Many
times you get extraordinary insight from the most unlikely
places; their opinion can give you a very realistic feedback on
how feasible your business is in the eyes of the public at
large. A word of warning here - many innovators were ridiculed
by their peers only to be praised when they succeeded. Have an
ear to the ground - but believe in yourself when you decide on
your business.