Step #1 Decide What Part of the House to Use
Step #2 Determine How Much Time You Can Spend On The Business
Step #3 Decide On The Type Of Business
Step #4 Choose a Legal Form
Step #5 Determine Where the Money Will Come From
Step #6 Gather Information
Step #7 Check on Zoning Restrictions
Step #8 Pick a Business Name and Register It
Step #9 Write a Business Plan
Step #10 Get an Identifying Number
Step #11 Obtain a Sales Tax Permit
Step #12 Obtain Licenses and Permits
Step #13 Select Business Cards, Stationery, Brochures
Step #14 Open a Business Checking Account
Step #15 Set Up Record-Keeping Systems
Step #16 Check Irs Requirements
Step #17 Outfit the Business
Step #18 Decide on Telephone Requirements
Step #19 Check out the Post office and Ups
Step #20 Purchase the Necessary Insurance
Step #21 Organize the House and Yourself

read comments (0)

Step #19 Check Out The Post Office & Ups

Using a post office box as the business address down plays the fact you are home-based. It also prevents customers from dropping in at all hours.

While looking into box rental, ask for information on the various postal rates, particularly bulk rate, if you plan to do large or specialized mailings. If you mail many packages, check out United Parcel Service (UPS), as it is less expensive than the Post Office.

Step #20 Purchase The Necessary Insurance

Check with your homeowners insurance agent about a rider for your existing policy or the need for a separate business policy. Also make sure you have adequate personal and product liability coverage. Shop around, as each company has different rules regarding home businesses

To save money on medical insurance, join an association and participate in their group plan. One such body is The National association for the Self-Employed: they can be reached at 800-527-5504.

Step #21 Organize The House & Yourself

To have more time for business, organize and simplify household routines. Start by holding a garage sale to get rid of unnecessary possessions. Next, have a family conference and divide household duties, making sure each person does his or her part. The, set up a planning notebook to keep track of appointments, things to do, calls to make, errands to run, shopping, etc. Finally, set up a work schedule so you won’t get
sidetracked by TV, neighbor’s visits, snacking, and telephone calls.

Creating and operating a home business is a wonderful and rewarding challenge. The satisfaction is not only in the money earned, but in doing what makes you happy.

read comments (1)