Wednesday, September 13, 2006

How to Start Your Own Home Business

How to Start Your Own Home Business
Copyright © Monique Hawkins

Why work for someone else and commute to an office daily when you can establish you very own business right in the comforts of your home? This would mean flexible hours for working, lesser expense on traveling to and from work and no boss to nag you everyday.

Imagine person “A” working as a sales employee of Company XYZ. Person “A” works up to the wee hours of the morning just so he can sell advertisement space worth at least a million for the smallest size. When the sale goes through, he gets $20 worth of commission. Person “A” here enriches Company XYZ through his efforts but he only gets his base pay plus the $20 commission---all that for the millions of pesos he brings in to Company XYZ’s coffers.

If Person “A” devises a way to establish a home based business similar to what he is doing now for Company XYZ, getting his old clients and building up their list, then perhaps he will have more to take home each month than if he remains working for Company XYZ.

If you are still unsure about your business prospects but are raring to start a home based business, you can do it on a part time basis. This means you will start your home based venture but still hold your eight to five job for financial security until such time you are confident enough about your venture.

While a home based business will not necessarily make you a millionaire, although there is nothing wrong if it happens, it has numerous benefits like flexible work hours, no boss to nag you every day, savings on fuel and time wasted going to and from the office and most of all, you get an income that will depend on your creativity, ingenuity and industriousness.

The trend now is a home based business using the internet. There are people who become successful in their internet home business but there other home based business depending on your hobbies, skills, interests and experience.

It is easy to say that you will be starting a home based business but deciding on the kind of home based business you will have is the difficult part. First, you have to be realistic and take stock of what you have available in terms of skills, interests and experiences. If you are already into a hobby that can be turned into a business venture then the better since it will mean lesser capital and effort since you already have the expertise. Go into a home based business that you enjoy doing.

There are lots of hobbies that can be turned into a home based business like baking, gardening, cross stitching, events organizing and catering. If you are a licensed professional then you can offer your services as a lawyer, doctor or designer. If you are not into retailing or selling, perhaps you can try training. There are other areas of interest which you can turn into a home based business.

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