Starting a home-based business is the path many opt to take because of its many conveniences--from deciding how and when one works to having complete control over a business. But starting a home business also comes with its own set of challenges. You must have the determination and commitment to ensure your business succeeds. It all starts with properly setting up your business.
Instructions
1. Contact your city's zoning department to determine whether you're required to have a zoning permit to operate a business out of your home. If you rent an apartment or a condominium, or if you live in a Home Owner's Association (HOA), make sure you're allowed to run a business from your home before going any further.
2. Go to your local city hall to determine if any business licenses are required for your at-home business. Business licenses are generally renewable on an annual basis.
3. Decide where in your home you're going to work, preferably in a spare room that has a door you can close to drown out any distractions. Talk with your tax professional to determine whether your office space will be counted as a deduction on your taxes.
4. Set business hours during which time you will be in your office and available to clients. If you don't set business hours, you may receive phone calls and visits at all hours of the night from clients and prospective clients.
5. Have a separate phone line for your business. If your phone line doesn't have voice mail, purchase an answering machine so your clients and prospective clients can leave you a message if you're away from your office or they call during non-business hours.
6. Get a post office box or a mailbox at Mail Boxes Etc. or somewhere similar and use that address for client correspondence, on your business cards and on all marketing material. Using a separate address will keep your home address private and, according to Score, will allow you to present a more professional image.
7. Choose a way to keep track of your accounting, including income and expenses. Computer programs such as QuickBooks and Peachtree make it easy to stay atop of your accounts.
8. Purchase items that are essential to your business if you don't already have them. These could include a computer, desk, chair, bookshelves and other supplies necessary to the smooth running of your business. Consider purchasing used supplies to start.
9. Talk with your insurance agent to determine whether you need business insurance. Insurance is an important consideration, especially if you plan to have clients come to your home.
