By Scott J Miller


Looking back on many unsuccessful attempts at home business, we wish we had received guidance from someone who had already been down the road we wanted to travel. We had so many failures that we were starting to doubt that success in a home business would ever happen for us.

Thankfully, we didn't give up and through perseverance we were able to achieve the success that had eluded us for years. Along the way we discovered many things that we wish we had known when we started this journey.

Our success has literally transformed our lives. We believe that to whom much has been given, much is required. Consider this information our gift to you. If we can be of assistance please, do not hesitate to fill out the contact form at TheHomeBusinessPodcast.

1. Success doesn't happen overnight.

For some reason people think that they should become rich in a few months with their new home business and some people believe success should happen within weeks or days! We introduced a man in his early 50's to our business and he was excited. When we first met he complained that he had been working hard for more than 30 years and he was broke.

He said he never had any time for himself or his family. We told him what it would take to become successful and he agreed to do it. Then, he disappeared. A few weeks later he called to tell me that he was quitting. He hadn't even started and here he was ready to give up.

We asked him if he would be better off quitting his full-time job and keeping his home business! Of course, we didn't really mean that he should quit his job, but he had been working full-time for more than 30 years and he was still broke. He started his home business just a few weeks earlier and he never gave it a chance.

Why is it that so many people think that they should become wealthy in a few weeks? The answer probably lies in all the get rich quick schemes that are so prevalent in our society today. You've seen the emails or read these lines in your junk mail. No Selling, We Do All The Work For You, Make $30,000 in 90 days and on and on.

Those get rich quick scams cause people to think that every home business is a scam and that's not true. We just got off the phone with Doug, a nice guy who is seriously considering our home business. During our conversation we made it clear that he wouldn't be rich in 60 or 90 days and his response was the kind of response we hear often, “Thanks for telling me the truth. I'm happy to know that I'm dealing with people of integrity.”

We were frustrated so many times in the first year of our home business that quitting seemed like the sensible thing to do. After all, these things don't work. Who do you think you are? Why don't you just get a job like everybody else? These thoughts and many like them nearly kept us from success.

If you already have a home business, perhaps you are facing the same thoughts. Don't let the negative thoughts crowd out the life changing success that a home business offers. Sure, we struggled at first, but after 20 months we were making $100,000 a year in lifetime residual income! When you find yourself facing bankruptcy and foreclosure as we were and then apply for food stamps you have a firm grasp on the tough times life can bring.

Occasionally, we'll say “What If?” As in, what if we hadn't stuck it out through the hard times? What if we had taken the advice of supposedly well meaning people who said that we would never have success in a home business?

What if it took you two to four years to become successful in a home business? What if you could make $100,000 without a boss and a job to go to? What if you could actually be home for your children and know them as people instead of looking at them as the little people who live in your house?

Most people who start a home business quit in their first 90 days and go back to their dreadful lives of desperation. Most people aren't really living. They are only existing. They're going from one day to the next without any hope of a better life. Benjamin Franklin said “most people die at 18, we just don't bury them until they turn 65.”

2. Success doesn't happen without work.

I talked to a woman who said she was interested in changing her life. When it was time for her to make a decision she asked me, “Do I have to do anything?” “No” I replied, “once a month we just back the money truck up to your house and unload!”

If you had a traditional business you'd have to open your business every day. If you have a job you've got to show up if you want to get paid. When you start a home business you can't simply sign up and expect the money to start being deposited in your bank account. There's work to be done.

Is it hard to become successful in a home business? Compared to giving all of the best years of your life to your employer and missing birthdays, anniversaries, your child's first words, your child's first steps and realizing that life is nearly over and in your golden years you don't have the money to do the things you want to do, no it really isn't that hard at all!

If you're in a business like ours when you employ leverage, getting paid for other people's efforts, you can enjoy the fruits of your labor so much more. Even if you have a home business where you do all the work it's better than working for an employer.

We are convinced that to live a great life your home business must employ the leverage concept. It's the only way you can have money and the time to enjoy it. The wealthiest people in America became wealthy by owning businesses. The businesses that created great wealth were out in front of a trend and the business owner got paid based on the efforts of thousands of people. We wouldn't be enjoying the life we live today if we were getting paid only on our own efforts.

We worked really hard with very little success in our first year. Our 2nd year was the breakthrough that we were looking for, success was on the way. What we failed to realize was that during our first 12 months we were improving our skills and our confidence and that's when success started to happen.

So, how much did we work in our first two years? We worked as much as it took. How much should you work your home business? That depends on a variety of factors. How bad do you want it? How fast do you want to achieve success? We recommend that you work your home business a minimum of 7 to 10 hours a week, and do it consistently for at least two years.

Success doesn't happen without work and it isn't limited to working your business. Are you committed to improving your skills and working on you? Read at least 10 pages from a great book every day. Books like “Think and Grow Rich” will change the way you think and when you change the way you think you will change your life.

Expecting success without work from your home business is like expecting a paycheck from a job that you never started. It just doesn't make sense.

3. You must be disciplined to achieve success.

So, you're working your new home business and a friend calls offering to take you to lunch. Can you afford to go? Your favorite show is on TV, but you know you need to be working your home business, what will you do? Perhaps the biggest adjustment most of us need to make is to be disciplined in our home business.

Let's face it in a work environment there is usually supervision. Many people fail in a home business because there's nobody looking over their shoulder to see that they do what they need to do.

Since most people who start a home business have never owned a business, we must learn to be disciplined, if we're going to operate a successful home business. There were times when somebody told us no and that was devastating. We'd usually mope around and fail to do anything else the rest of the day. Had we maintained that attitude, we'd have a job right now instead of an successful home business!

Consider setting business hours. Of course, there are exceptions to every rule, but asking friends and family members to respect your business and your business hours is an important step to success. We've got a good friend who makes more than $100,000 a year and when you come over to his house during business hours you can visit with his wife, but he excuses himself and works his business. If you have a small child, work when he or she is napping and when they are in bed at night.

It's also a good idea to have a permanent work space, so you can shut the door, eliminate distractions and get your work done.

This is a difficult adjustment for some people to make, but your children can learn that when Mommy or Daddy is in this room with the door shut that they are working. You'd be amazed at how many children will respect your space and time if you ask them too. We've seen many successful stay at home moms and dads work with children nearby. Don't let screaming children or children that interrupt you on occasion become a big deal, the person on the other end of the phone may be convinced that your business is right for them BECAUSE they hear your children in the background.

When you promise to call somebody back at a certain time you've got to find the time. Children will appreciate knowing why Mommy or Daddy isn't available at certain times and you can explain to them that it will be worth all the sacrifices once you become successful.

Discipline can be difficult with all the distractions that can occur in your home, but it is one ingredient that you must have to become successful.

4. Who you're involved with is more important than the business you're in.

Let's face it, most people don't really have a clue how to operate a business, any kind of business not just a home business. When we're young we are told to go to school to get good grades so we can get a good... JOB! That's exactly the path most of us start on, get a job, work hard, work long hours and try to get a promotion so we can work more hours and hopefully make more money.

We do that for 10, 20 or 30 years and then realize that we are never going to get ahead. That's when the idea that a home business could change our life hits most of us. We've been told to be good employees and that's what most of us have done all of our lives.

There is no substitute for leadership. If you are blessed to find somebody who has been successful in a home business and you know that they can sincerely help you change your life forever, you should jump at the chance to work with them. Make sure you're comfortable with them before you get started. So, what should you look for? You should look for somebody that knows exactly what they are doing. When you ask questions are they comfortable or uncomfortable? Do they have a system that you can plug in to and have immediate success?

One of the reasons I failed in other home businesses is that I didn't understand the importance of finding the right person to work with. I am not blaming my failures on somebody else, but if I had been associated with people who really knew what they were doing they would have given me guidance that I did not get. Perhaps I would have failed anyway, but there is no doubt that working with successful people will cut your learning curve and save you a lot of time and money. Only you can assure your success, but finding the right person to work with and then listening to that person gives you a tremendous advantage over most people working business from their homes!

Let's say you have what you think is a great idea and you've got a little extra money stashed away for a rainy day. Your spouse isn't overly supportive, but he or she wants you to succeed. You decide to invest $1,000 or $2,000 in your new business by taking out an ad in a local magazine. You get no response at all. How do you think your spouse feels about your home business now? That kind of mistake destroys most people and they never recover.

Last week I received an email from a so called marketing guru offering his services. I could get his marketing expertise if I paid him almost $800. Almost everything he offered we give to our team members for FREE! We know that what we're doing works for our business because it has been tested and proven to be successful or we wouldn't do it. His material, although similar to ours, hasn't been tested in our business and could prove to be a waste of both time and money. What would happen if you sent that $800 and it didn't work? How supportive would your spouse be then?

5. Technology has changed everything.

Many years ago you had to get out and meet people and most business was done face to face. You could call people around the country, but if they had any interest in your business you had to send a package overnight. That proved to be very expensive.

When we were broke, I thought everybody that sounded serious, was serious. I was sending out packages several times a week only to find that these people weren't serious at all.

Then, the internet changed everything. You don't have to meet people face to face anymore, although I must admit it's still my favorite way of doing business. Today, you can upload a video in seconds, so people can see you. You can send an email with links to websites, videos and your contact information. Auto responders make you look like a Fortune 500 company, and nobody knows how big your business really is because anybody anywhere can have a great looking website.

When I started my business more than 10 years ago my long distance phone bill was nearly $1,000 a month, today we can call as much as we want for $20! You can use conference calling and web casts to present your business to hundreds of people at a time.

People can automatically receive your latest Pod cast and watch it in the subway or at lunch. This is the information age and you should capitalize on the shift in technology in your home business. Don't worry about all the latest gadgets when you start your business because the personal touch will always be important. Even if you don't have a lot of money technology allows your home business to operate and look like a very big business.

Don't get too preoccupied with technology. You can, however, use it to enhance your image and your productivity if you know what you are doing. Today, we don't mail anybody any information regarding our home business. With internet access almost everywhere, we realize that if somebody needs us to mail them something, they probably aren't the person we were looking for.

6. It's a home business, but that doesn't mean it can't be a big business.

Most people that start a home business are looking for an extra $300 to $500 a month. What would an extra $50,000 or $100,000 a year do for you and your family, seriously! Maybe it's because so many of us have failed so many times that we just don't believe in ourselves anymore.

Once you understand the basic fundamentals of your new home business and once you've achieved some success, you'll understand that the sky is the limit. We make much more money than we ever thought possible and we have friends that are making more than $1,000,000 a year! Hard to believe? Of course it is! Just because it's hard to believe doesn't mean that it isn't happening.

After we struggled at so many other businesses I wanted to believe that we could become incredibly successful, but my past was holding me back. Today, we operate a home business that generates almost $10,000,000 in annual sales! Years ago I never knew anybody that made $1,000,000 a year, so it was hard for me to “see” myself ever reaching that milestone. When a good friend of mine did it, I could then start to see that I could have that kind of success.

So, do you really want to struggle all your life? Then why do we settle for mediocrity? Here's why, we're unsure of ourselves, stuck in a rut, scared, we lack confidence, we tried and failed and tried and failed, what will my spouse, mother, brother, best friend think? We care too much about what other people say, think and do!

7. As a Man Thinketh...

As a man thinketh in his heart, so is he. Joyce Meyer is fond of saying that where the mind goes, the man follows. Of course, it makes no difference whether you are a man or a woman, you are what you think you are. As we struggled in our home business it was easy to become discouraged. We had always failed. Those constant thoughts of failure surrounded us.

Then, we realized that others had succeeded. Why did they succeed where so many others had failed? Could it really be that the only reason they achieved success was that they thought differently? We were so broke and so desperate for a breakthrough in our lives that we realized that we could not afford the luxury of having negative thoughts. There were plenty of other negative people that we could have listened to, but what was that going to get us?

What if we listened to the people that were positive, which by the way were the same people who were achieving success? When we started our home business we felt like the biggest loser on the planet. If something positive didn't happen soon we were going to have to move out of state to live with Judith's mother. How were we going to explain to our children that we had lost our home? If our home business was going to change, we would have to change first.

We couldn't afford the luxury of one negative thought. We started making good choices. We would distance ourselves from anybody that had anything negative to say about anything! We would surround ourselves with positive, uplifting people who would speak life into our lives.

We didn't listen to people who laughed at us and yes, there really were people who laughed at us. We believed that we would have life changing success even before there were any real signs of success. Some people call that the “fake it till you make it” concept. While we wholeheartedly endorse that concept we do not recommend that you mislead people.

There is nothing wrong with having a positive attitude. It is wrong to misrepresent your current financial situation. One of the most disappointing things we encounter in home business is the tendency that people have to inflate their incomes. There must be some school of thought that this is appealing or O.K. and it is not.

Once you lose your integrity, you can never get it back. We have done everything we can to make it clear that a home business will not typically solve your financial pressures overnight. We know many people that have made $500 to $2,000 in their first month in a home business. Very few make more than that in their first 30 days. If you think you have to lie to become successful you are wrong. We made just over $300 our first month in the home business that has paid us more money than we ever thought possible.

Negative people tried to convince us that we would never have success. We didn't listen to them then, and we don't listen to negative people now. We know that you can have success in a home business. We know that it won't be easy. We know that if you get guidance along the way from successful people that you will live an extraordinary life.

By Cathryn Austin


So now its time to take that big plunge and be your own boss. Where will I start? What do I look for? And for that matter what business will I buy? Will I relocate? Can I get finance? Who do I go to for the right advise?

These are just a few of the concerns when you decide on buying a business and believe me its not an easy road ahead, but with the right advise and the right business for you there are rewards unlimited to help you on the way to building a bank and a good quality of life. This article will help you all the way.

Important Points when Buying a Business

Every day I receive emails from purchasers and business owners needing assistance in selling or buying. I use my many years of experience in business sales and running a chain of shops to assist them in the right decision for them. It’s a bit like a psychologist really. Its just not a sale for me, it's a dedication.

The first thing to remember is you must get it right the first time because the business you buy you should be in for at least 4 to 7 years. I advise my vendors and purchasers to give yourself a 4 year plan. You may love the business so much you want to stay longer but the majority of people are burnt out after 4 years and are looking for a change, especially if it’s a café or restaurant, and if you feel it's wearing you down the business will suffer if you don’t sell then and of course you won’t achieve a good price if the business is run down.

Finding a Business!

I find in my business newspaper advertising brings me very little sales. My statistics tell me a genuine purchaser will go to the search engines to find a broker and scan the listings. We do use the papers to get our website name out there and this works to our advantage far more than a long expensive add that lasts one day. Our site www.bestbusinessbuyes.com.au is the most valuable tool we have and our journal Best Business Buys gives you months of good reading to give a purchaser information on how to buy and where. So scan the net under search engines business brokers, if you can not find a business on our site there are other brokers listed that may be of assistance to you. Or better still tell us what you want and we will go find it for you!
Anywhere in Australia.

Problems with Newspaper Adverts

You will often see a private add in the paper and you may think this is great, we will cut out the agent and get the business cheaper.

DON’T BE FOOLED!

Now I am not saying all private adds are no good, some may work out, but in my experience those people who try to do it themselves do it because they have either been burnt by an agent not servicing their business, so they think they will do it alone, or the profit is low in the business and they need a quick sale, or of course the common one the agents fee offends the owner and he thinks he can do it better himself. Or he may think the advertising costs to sell his business is less if he dose it himself.

WRONG!

When you are dealing with a private sale you feel uncomfortable saying what you really think, and uncomfortable asking certain questions so as not to offend the owner. With a broker you can be open and tell us all your concerns. We will work them out with the owner and rectify them if possible. We as the agents should now the business as well as the owners, that’s our job. I look at a business when I list it as my own and sell it as if it was my own. A good broker should be there to help you with that sale to the end. Too many owners who try to sell themselves end up in conflict with their buyers.

And after a few months of failures TRYING to qualify buyers he finds out it's not that easy & worst of it he has given out his figures all over town for all the clients to see, so the business you are looking at has been exposed to untold people who may be using that information to start down the road.

The poor owner ends up coming to us anyway. Remember if you stay with the broker handling the sale of the business he should be the one to assist you all the way, and if that business does not work out the best for you he most often then not will find you another.

You Have Found the Business you Want to Buy!

The first thing you will need is finance. Are you already cashed up? Or do you need finance. Are you on a redundancy package? These are all the questions your broker should ask before you plunge into a sale.

We are financiers and finance most of the businesses we sell without supplying figures to obtain the loan. Remember the majority of businesses do not always show the true figures of the business but if you look back at the ad backs of that business the business may be a very viable business. Most accountants will reduce the net profits for a business, so the tax implications are not so high for that business. If the adjusted profits are good the business is saleable and your broker will advise you of this at the time. But never, ever buy a business on hearsay of the takings, if its not in BALACK AND WHITE in the accountants formatted profit and loss statement then its not considered saleable. Never buy unseen profits.

Business Finance

For finance to buy the business you will need to complete an application. This way you will know how much you can afford to borrow on the business you are looking at. Not all Brokers are financiers! We are and sell businesses because of it. We use a financier who lends without looking at the figures of the business you are about to buy. But with other institutions such as banks or private lenders you will need the following.

We will arrange finance for you without an up front fee. Most finance brokers charge a fee of between $3,000 &$ 6,000 to get you your finance. We at Arwon Realty do this FREE because we are paid on settlement to sell the business by our vendors (owners). It is in our best interest to get the finance for our buyers so we in turn can get the business sold, and therefore offer a better service to our vendors when listing their business. We finance 90% of all business sold!

What will I need to supply to my Finance Broker?

- Profit and loss statements of the business you are purchasing

- Bank statements for your own personal accounts.

- Pay slips of your current employment or if self employed a profit and loss statement for the past three years of trading

- Mortgage documents for your existing home or properties
or sales contracts for freehold you hold in your and your partner’s name.

- Personal information, date of birth or passport (photo copy of drivers license)

- CRA credit check (you can do this yourself for a cost of $29.00)

- The rates notice of the homes in your name

- Liability and asset declaration.

- The amount you needed to borrow (You must include the cost of solicitors for advise and contracts.)

Accountants advise: Do it! That way you know you are covered. I have lost many sales from Accountants advising their clients not to buy and seen many unhappy buyers loosing out on a sale because an account has breezed over the figures and said no don’t buy! But at least if you do take the plunge and buy anyway after you have had that advise you are assured you did get advice if something does go wrong. After all your accountant is paid to look after you and professional accountants will ring us or the vendor's accountant to get the full story of the business!

There are good and bad accountants just like there are good and bad brokers. It's important to check the licenses of all your professional people. Find out how long they have been in the profession and their experience in that field before engaging them.

We work with both the accountants while selling the business and are more than happy to answer all questions relating to the business in question. We will also arrange appointments for your accountant to speech with the vendor’s accountant if required.

It’s always wise to stay with the accountant who handles the business you are purchasing, that’s if he is a helpful accountant, if he knows that business well. It’s a big plus to continue on with him, after all he is the one that will advise you when you are ready to sell.

Many people use more than one accountant today. I find a good accountant who knows a business well is a must to stick with it till the end. I have dealt will some excellent accountants. Two that come to mind are in my local town and are as good as any on this planet they are dedicated to their clients and have help me evenly throughout my last two sales (MCW Accounting Tumut, Paisley's Accounting Tumut and Steven Walker & C.O Tumut) These accountants are totally dedicated to their client's businesses and have enhanced the sale of two of the best businesses in town by showing truthful and accurate accounting.

Your Business Broker

As Brokers we will supply your accountant a profile on the business so its easy for him to understand. Always insist on a profile when looking at a business. This will give you all the information you need to convince you this is the right business for you. It will include all the statistics of the business and a good breakdown of the figures the reasons for the sale price, etc.

Your broker may ask you to sign a confidentiality agreement. This is essential to protect the vendor under the confidentiality act. Sign it and send it back ASAP. It does not commit you to buying the business. It is a mandatory requirement before you look over the figures. You will find your broker will not send you figures if you don’t sign.

If you have made your decision to buy the business be sure you are proceeding before you commit! Put in an offer only when you are ready to proceed. Is this is the business for you can you see yourself in for the next few years? Is the family happy with the move and the change, and most of all is the business viable for you?

I sold a produce store in Tumut recently to a buyer from Magnet Island who owned a bed and breakfast (would you believe), and they are just loving it and doing very well, so don’t be scared to take the plunge and move on. Most of our buyers are relocating and the stories I have to tell are just amazing!

Look around be sure the area is where you see yourself for the next 5 years. If you are relocating ask your broker to give you the statistics on that area, home prices schools etc.

As Brokers and licensed Business agents we pride ourselves on relocating people and finding them the best business for them, but it’s a big plus if the buyer has some idea of what he feels comfortable working in, and after we produce the information to him and his accountant we expect if all is ok he will proceed. If you have doubts tell your broker. Its unfair to hold up the sale for another interested party.

You will then need to sign an offer to purchase the business. We have a standard offer to purchase, this will give you the rights to proceed. The time normally for the option is one week from agreeing to proceed and this also takes the business off the market. It includes a deposit normally of 1% of the purchase price. This deposit is not refundable should you decide to pull out of the sale, unless it specifies subject to the reasons why you have pulled out.

So do your homework first! Be sure your accountant is happy with the figures. Your finance is approved and you are confident you are 100% proceeding before you signed on the dotted line.

Your broker will then issue sales advice to the Vendors Solicitors with all the conditions included that you require, such as the lease terms and training requirements. After they have looked over the advice and done their investigations for the sale they will prepare the contracts and send them to your Solicitor for exchange of contracts. You will need then to pay a 10% deposit on the business. This is normally arranged by the finance broker, if you have applied for finance, and can be done in a deposit bond or cheque. This is deposited into your agent's trust account until settlement.

You should have a Solicitor picked out before you decide to look around so you are confident with him when you are ready to proceed.

At Arwon Realty we stick tight with the Solicitors through out the sale keeping in contact with them throughout the progress all the way for a smooth settlement.

The contracts should take no longer than 2 weeks to prepare and when the exchange of contract takes place this means you now are totally committed to purchase this business. Any problems should be sorted out between the two solicitors in this time.

The contracts are exchanged between the two solicitors and settlement should take place in the next 2 – 4 weeks. Business sales are always longer than the normal residential sales as the solicitors are responsible to see you have a new or exchanged lease for the business. If the property is included in the sale a 149 certificate (zoning and compliance certificate) must be sort by the council to check out the compliances with council this take longer than normal.

Before settlement you have 2 weeks prior and 2 weeks after settlement for training. Your vendor must give you this time to help you understand the running of the business. We advise the training is done after settlement so both parties are not showing their nervousness while running the business. This could cause the customers to feel a little uneasy.

We advise our vendors not to inform the staff of the sale until exchange of contract for the same reasons. Your finance must be in the solicitor’s office 48 hours before settlement for a smooth transaction. Your agent will hold the deposit of the business 10% on exchange of contract and this will be in her trust account until she receives an order on the agent from the solicitors on both sides.

Settlement Day!

We will be there with you for the stocktake. Now some businesses advertise their business WIWO. That means whatever the stock is in the business when you take over is yours and we don’t count the costs of the stock on settlement. If the add states + stock then we have to stocktake before settlement and this is done before mostly the evening before, after close of the till, with both present and an independent person to help with the stocktake.

So now you are the proud owner of a business that should if your broker has worked for you be the best asset you now have and we wish you all the very best of luck and look forward to the day we can asset you in selling for a higher profit!

If you are married, both partners must work, spending countless thousands of dollars on childcare and business clothes. To offset their monetary deficit, many people are looking into getting started in their own home business. Both full-time and part-time home businesses can be operated from the comfort of your own home.

Some people are making extra money to pay for extras, while others have turned their home business into a primary source of income. Some people use their home business as a diversion, to have fun and earn a little "pocket money." The important thing is that they are taking positive action, rather than waiting for a financial disaster. Multi-level marketing, mail order businesses and other in-home businesses are very popular. If this way of earning extra income appeals to you, by all means check out the possibilities. Some other ways of getting started in your own home business include on-line businesses such as a typing service, ghost writing for others, creating ad copy, dating services, credit counselling service, producing how-to DVD's or videos on various topics, preparing resumes, etc. In reality, the options for getting started in your own home business are almost unlimited.

One of your first tasks in getting started in your own home business is to do some market research. Then take a look at how many potential clients would be willing to pay for your services. In other words, define your market and identify your potential clients and customers. After you check the pertinent data, discuss your plans with other knowledgeable people and get their ideas and suggestions. Your next task will then be to develop a detailed business plan. Your business plan should show how much money, if any, you will have to invest, your plan for getting the word out that you're open for business, the exact procedures you plan to use, and how much time you will need to invest. Avoid "jumping in feet first" without first getting all the facts and figures together to avoid finding out that the time and costs involved are too much, which could lead to failure and disappointment. It will pay off in the long run to develop your plans and outline them in a written report prior to getting started in your own home business. Your chances of success will be greater if you know what to expect before launching your home business.

After you have identified your target market and know who your potential customers will be, how you're going to get your service to them and you've identified the time and money it will take to run your business, you're ready to put your plans into motion and get started with your own home business.

I started out in home business following a business model created by Stone Evans aka 'The Home Biz Guy'; I found it to be an excellent starting point for launching my own home business. I now have my own new website, blog and newsletter; you too can achieve home business success if you truly want it. -- Cardinal Newman
Start your home business today and live your dreams.

21 Steps To Home Business Success
Fifty million home-based businesses will be in operation by 1997, according to Link Resource's National Work-at Home Survey. All around the country, people who want more control over their lives are starting home businesses.

In New Orleans, Rick Hart's home based cajun Cargo ships seafood nation wide. In Palatine, Illinois, Stephaine Heavey works from home designing and selling original patterns for fabric dolls. And in Dallas, Lisa McElya published the Dallas Party & Event Planners Guidebook from the entire first floor of her two-story home.

These three people are living the new American dream of owning a business, but avoiding the high overhead and start-up costs of a commercial location. If the idea of working from home is appealing, but you don't know where to begin, here is a step-by-step guide.

STEP #1 DECIDE WHAT PART OF THE HOUSE TO USE
Select an area away from family activity. The perfect space is a separate room (or perhaps the garage), but any area will do, if it can hold all the business supplies and equipment, and also provide enough work space for desks, tables, or counters.

STEP #2 DETERMINE HOW MUCH TIME YOU CAN SPEND ON THE BUSINESS
Many people start a home business on a part-time basis while raising children or working outside the home. Others start full-time when family and finances allow. However you begin, figure out how may hours per week you can devote to the business Make a weekly chart of your activities, examine it, and determine where the business fits.

STEP #3 DECIDE ON THE TYPE OF BUSINESS
Look over this line-up, and using ideas from it, list possible businesses to start. Eliminate any business that isn't appealing or doesn't fill a need people have. For ideas on different types of businesses, consult the end of this article. Other ideas can be found in the source material listed at the end of this article.

STEP #4 CHOOSE A LEGAL FORM
The three basic legal forms are sole proprietorship, partnership, and corporation. It is the oldest form of business, the easiest to start, and the least complicated to dissolve. Here are some of the advantages of this business form: Your business is easy and cheap to organize. Your only other obligation is to notify the Internal revenue Service (IRS) for the purposes of sales tax. You enjoy certain tax savings. You must pay regular individual taxes on your income, property, and payroll, but these are not levied as special taxes, as with a corporation.

STEP #5 GREATER PERSONAL INCENTIVE AND SATISFACTION
Since you have your investment to lose if your business is not successful, you should be more willing to put time, thought, and energy into the business. And when your business is successful, you enjoy maximum sense of accomplishment since you know its success was dependent upon your decisions about your management ability alone.
For more information about this and other forms of business, send for the U.S. Small Business Administration (SBA) Publication MP25. Selecting the Legal Structure for Your BUsiness (50 cents). If after reading it you are still uncertain what form of the business should take, consult an attorney.

STEP #6 GATHER INFORMATION
Spend a few weeks researching home-based businesses. A library or bookstore can provide numerous books on business basics, and on the specific type of business that interest you. Homemade Money by Barbara Brabee (see sources) is an excellent book to start with.
If you are considering a computer business, get in touch with the association of Electronics; Cottagers, P.O. Box 1738, Davis, CA 95617-1738. To keep informed of what is happening in home business world, contact National Home Business report, P.O. Box 2137, Naperville, IL 60566, for subscription information; and Mothers Home Business Network, P.O. Box 423, East Meadow, NY 11554 (send SASE for free information).

STEP #7 CHECK ON ZONING RESTRICTIONS
Find out how your property is zoned, the call City Hall and ask what regulations apply to home businesses in that zone. Also, if you rent or live in a condominium, check the lease or homeowner's association rules to be certain a home business is allowed.
Generally, if you do not annoy your neighbors with excess noise, odors, and traffic, you will not be deterred from running a business at home.

STEP #8 PICK A BUSINESS NAME AND REGISTER IT
If the business you choose is different form your name, file an assumed (or fictitious) name certificate with the county. You are notified if another business already has that name, so you can select a new one.
It costs only a few dollars to file, and it protects the business name from being used by someone else in the county.

STEP #9 WRITE A BUSINESS PLAN
A good business plan clarifies your ideas and establishes a plan of action. A good business plan should include a description of what you are selling, your background and qualifications, who the prospective customers are and where they can be found, what is needed to build the business, how you plan to promote, and how much money is need for start-up costs.
SBA Publication #M925, The Business Plan for Home-Based Business ($1) is helpful.

STEP #10 GET AN IDENTIFYING NUMBER
If you are the sole proprietor of the business and have no employees, you may either use your Social Security number or an Employee Identification Number (EIN) as the business number on official forms. If you have employees, or the business is set up as a partnership or corporation, you must obtain an EIN. To do this, complete IRS Form SS-4 (Application for Employer Identification Number) and file it with the nearest IRS Center.

STEP #11 OBTAIN A SALES TAX PERMIT
If the product or service you sell is taxable, you need a state sales tax permit. Call the local tax agency, explain the type of business you have and what you sell, and ask if you need to collect sales tax. You also use this tax number when your purchase items for resale.

STEP #12 OBTAIN LICENSES & PERMITS
For example, some cities and counties require a general business license, and most have special laws regarding the preparation and sale of food.
Call City Hall to find out what is need for your particular business. In addition, Chamber of Commerce provide information on city, county and state licenses and permits.

STEP #13 SELECT BUSINESS CARDS, STATIONERY, BROCHURES
Spend time on the color, design and paper for these items.

STEP #14 OPEN A BUSINESS CHECKING ACCOUNT
Call several banks to find out what services they offer, and what minimum balance, if any, must be maintained to avoid paying a service charge. Also ask about credit card if you plan to offer this convenience to your customers. If your personal checking account is with a credit union, see if it can also provide a separate business account. when you open your account, you may need to show the assumed name certificate and business license.
Finally, investigate obtaining a credit card in the business's name. If this is not possible, set aside a personal credit card to use for business expenses.

STEP #15 SET UP RECORD-KEEPING SYSTEMS
Put together a simple and effective bookkeeping system with an 8 1/2 x 11" three-ring binder, columnar pad sheets and twelve pocket dividers from the office supply store. Use a pocket divider for each month's receipts, bank statement, deposit tickets, and canceled checks.
In addition, an automobile log for business mileage, and filing system for correspondence, invoices, supplier catalogs, client records, etc. are two other useful tools.
For more information on record-keeping, see IRS publication #583, Information for Business taxpayers.

STEP #16 CHECK IRS REQUIREMENTS
If you comply with basic IRS guidelines, you can deduct a percentage of normal household expenses (mortgage, interest, taxes, insurance, utilities, repairs, etc.) as a business expense. see the box accompanying this article and, for more detailed information, IRS publication #587, Business Use of the Home.
Also become familiar with these IRS forms: Schedule SE (compensation of Social Security Self-Employment Tax) and Schedule 1040 ES (estimated Tax for Individuals).

STEP #17 OUTFIT THE BUSINESS
Make a list of everything needed to start the business, but before you buy anything, look around the house for things you already own that are usable.

STEP #18 DECIDE ON TELEPHONE REQUIREMENTS
Call the telephone company to find out the cost of a business phone in your area. If you cannot afford a separate business line, investigate the telephone company's regulations on using your personal phone in a business. Keep a record of long distance business calls as they are a deductible expense.

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. 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. 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.

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. 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.

If you're looking for ideas for easy start home businesses, then this article is for you. The opportunities to have an easily started home business are more abundant than you've ever dreamed.

In fact, if you own a computer, you already have a multitude of home businesses available right there. Other easy start home businesses you can operate on your computer are in the affiliate and multiple level marketing arenas. Start-up costs, here too, are minimal, and most of them come with training and support to make them good prospects for easy start home businesses.

Another area you might look for easy start home businesses is in the services area. Do you love to work outdoors, making your lawn beautiful? Do you love dogs? Then you might consider easy start home businesses such as lawn care services, pet sitting services, or personal errands services. None of these opportunities cost a great deal to get going and can be started part-time, while you keep your day job.

All you have to do once you've chosen your easy home business idea is to have a few flyers printed up, anywhere from 50-200, and place them in strategic places around your local areas.
Contact local businesses and offer your services. You can also place ads in your local newspaper announcing your new business.

And there are few businesses that would turn down the chance to have a free, trial run of your services. This is a great way to show your stuff and seal the deal. Crafts and hobbies are also good things to think about when searching for easy start home businesses. Demand for handcrafted items is at an all-time high-and at premium prices.

So turn your quilts, your sailboats in bottles, your dollhouses, your embroidery, your taxidermy, anything you love to make into dollars. These are also especially easy home start businesses because you likely already have some items to sell and the supplies you need to make more.

Local flea markets and consignment shops are good places to begin selling your items. Upscale shops are another great place to sell your work. If you have office skills and a computer, then you truly have an easy start home business you could start tonight! Outsourcing is the latest trend for corporations and small businesses. Virtual assistants, typists, medical transcriptionists, office managers, researchers and many other types of office jobs are all in huge demand, and all by telecommute.

Just go online and you'll find more easy start home business opportunities in this area than you can shake a stick at, as the old saying goes. You should never sign up to provide a service with anyone who charges you for the opportunity, though. There are, however, job and outsourcing sites that charge a subscription fee. These sites post high-quality projects and allow people bid on them. These services are highly reliable and well worth the subscription investment-and all easy start home businesses. If you're in doubt, however, check with the Better Business Bureau. Better safe than sorry!

Best Home Based Businesses to Build Your Fortune With!
Type in best home based businesses on any search engine today, and you'll get thousands of hits. That's an indication of just how many opportunities there are for home businesses these days, but which ones really deserve to be in the category of best home businesses?
For starters, the top ten home business opportunities picked by Entrepreneur magazine's Business Startups Online are listed below:
• Internet Consultant
• Personal Organizer
• Network Marketer
• Mystery Shopper
• Career Coach
• Adventure Tour Guide
• Home caregiver for elders
• Specialty Catalog Merchant
• Medical Biller
• Craftsperson

Other businesses that you'll find as top rated home businesses and that may even be in the top 100 home business opportunity category are:
• Research surveys
• Online proofreading
• Typing services
• Internet research
• Web surfing
• Multi Level Marketing (MLM's)
• Affiliate programs of all kinds
• Internet marketing
• Online auctions
• Email reading
• Pay-per-click Business

These are just a few of the many businesses that you'll find listed on best home business opportunity lists. What's my goal in wanting a home business?
Am I looking for the best home based businesses that only require part-time work, or would I prefer a full-time home business opportunity?
Do I want to turn my hobby into a home business?
Would one of the best home businesses requiring sales be right for me?

The purpose of these questions is to get you thinking about what you really want from a top rated home business. The best home internet business opportunity for web surfing or pay-per-click may sound great, but if you like being around other people much of the time, then you aren't going to be happy stuck in front of a computer screen all day.

You'd probably be better off in a home business that offers you the chance to be out and about with people. Having a realistic view of yourself and your abilities is vital as you make a decision about the best home business opportunity for you.

Also, be aware that many of the so-called best home businesses are are scams. The recent spike in people wanting to start home based businesses is the reason behind the increased scamming. These supposed best home based businesses may not be entirely illegal, but they are over-promising on the financial results you'll get.

Well, Dad was right. You won't get rich overnight unless you win the lottery or inherit a large estate. Many of the investments required for the top home rated businesses are as low $29.95 to sign up-that's because marketing research has shown that the "sweet spot" for the amount of money people are willing to hand over is between $25 and $50.

So keep your cynical dad around when exploring the businesses on any top home business list.
And always make certain you have a contact person's name, a land address, a land line phone number that's active, and a valid email address for any company you want to sign up with for a home business of your own. Also, check with the Better Business Bureau (BBB) and the Small Business Administration (SBA) before you make an investment. And if you do run into a scam, report it immediately.

The truth is the best home businesses are the ones people truly enjoy doing. Having a passion for what you're doing helps immensely when obstacles rise during the running of any home business-and they will. Loving what you do also helps you keep your focus and determination to succeed where they need to be-on creating the top rated home business of your own. Your best home business idea just might make it into the number one slot on the top 10 home business list someday.