- Do your homework. -- initial research and preparation before opening business
- research zoning restrictions. -- request of variance from the local zoning commission if needed
- choose the most efficient location for your office and workspaces
- focus your home-based business idea. -- focus on particular customer group or specialty
- discuss your business rules with family. -- establish the rules upfront
- select an appropriate business name.
- Buy the right equipment. -- only what you need to start
- dress appropriately. -- avoid tendency to lounge around in bathroom all day
- learn to deal with distractions. -- budget time wisely, avoid leaving office except for prescheduled breaks
- realize that the phone can be your best friend or worst enemy. -- install a separate phone line for business if needed
- be firm with friends and neighbors. -- be sure to let all know just because you're at home does not mean you are not working, be friendly but firm
- take advantage of tax break. -- best to check with an accountant
- make sure you have adequate insurance coverage.
- Understand the special circumstances under which you can hire outside employees. -- check zoning laws carefully
- be prepared if your business requires clients to come to home. -- dressed appropriately, present professional image
- get a P.O. Box. -- it is safer than inviting crime to your home
- network. -- isolation is a problem for home-based entrepreneurs
- be proud
Wednesday, March 29, 2006
Small Business Management - Ch.1
Success Checklist
