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To Start a Business – The Home Based Model

Ever since my first business dealings selling flowers in front of the candy store in New York I’ve always been intrigued with small business. From flowers to pottery to newspapers to yard work to music to game rooms to advertising to rentals to advertising again… And then add in 10 years of sales and consulting to the mix.

Oh and by the way – the sales part started at about 9 years of age and has continued for over 35 years.

As of this writing I say 25 plus years but in reality it goes back 10 or more years to child- hood. You see my Dad always wanted his own business and from the time I can remember  he had something going on the side. He was either underfunded or didn’t have the right product or timing. The only venture that took off was the one he and my Mom started but then they divorced and she kept the business.

Boy have I had one heck of a journey in small business and since 1985 I’ve operated home based businesses side by side with off-site offices, warehouses and store front operations.

This leads to the questions about starting your home based business…

The questions arise – to start a business or not start a business and should you get started out of your home or setup an office or off-site facility somewhere else?

These are questions you really need to ask yourself and any partners who will be involved with you in your new enterprise.

Starting up a new business can be very exciting, emotional and some what of a roller coaster so be prepared, because if you are going to start a business and it’s You Inc, then consider starting it out of your home. This way you will keep your overhead low and be able ramp up without being tied into an office or building lease and all the additional expenses.

To start a business out of your home is much easier than the overhead headache of starting out with an office where you have to rent or lease. You can realize your dream, run your own show and live in the land of the self employed while allowing for flexibility of coming and going without limitations.

The bottom line is that you want to start with low overhead, minimize your expenses and maximum your ROI (return on investment). One of the best ways to do this is through a virtual office and virtual phone number.

In addition make sure that your legal house is in order, finances are in place and your business blueprint is completed before you open the doors. More importantly make sure that you are committed for the long-haul and are willing to do what it takes to get your business off the ground and up and running.

Operating your own business out of the home can make for a great life but you should have rules and guidelines for your home based business. And these rules should allow for flexibility but also maximize your time and productivity.

So now it’s time to get to work on your small business blueprint and remodel that ole bedroom into your world headquarters.

To your small business success,

Dave Krygier

SmallBiz Mechanix