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* Other sources such as loans, grants, lines of credit, and more. You can find a good list of options at
US Small Business Administration website: http://www.sba.gov/financing/
Discuss options with your family to find something acceptable. You may also want to discuss it with a certified financial planner, who can also help you to develop a contingency plan for emergencies.
__What Is Impact on Normal Household Activity?
Businesses require a great deal of time and effort -- and that goes double for startup phase! While you work to get your business off ground, how will daily household tasks be handled? Will your spouse and children help out more?
It's not just chores that need to be done, though. What happens if you work a day job and can only work on your business in evenings -- when family normally watches TV? If you aren't able to concentrate with noise, you will have to discuss alternate arrangements with your family.
__Managing Children.
Young children in particular will require some thought. Are they allowed to answer phones, and if so, do you teach them how to do so? How do you handle children who are home while you're working on your business?
There is no easy answer to this... every child has his own personality! One option is to hire a trusted babysitter to care for children while you work. Your children will be safe and you will be free to concentrate.
Another alternative is to give your children several "tasks" - throughout day, they are expected to do various things, such as read a book, draw a picture, etc. Be sure to schedule breaks and 'playtime'!
If you have flexibility to do so, you could also work during kids' naptime, when they're at regular outside activities (team sports, music lessons, etc) or while they're at school.
__How Will Business 'Emergencies' Be Handled?
Every so often business emergencies will arise. Whether it's a sudden big order that needs immediate processing, or you discover an error that must be fixed right away, you will be absorbed in your business with little time for anything else.
Will family members be expected to take over certain tasks that are normally yours? Will they help you with your business during these times, ie. stapling, sorting, packaging, running chores, etc? Again, come to an understanding about what is expected from each member of family during emergencies.
__Schedule 'Family Time'.
Someone once told me, 'My home business gives me flexibility to work any 20 hours per day I like!'
It's all too easy to get caught up in your business. Your family still needs and wants to see you, though, and if you spend all your time rushing off to do yet another business task, they may end up resenting you.
If you have a hard time getting away from "office", try scheduling certain times of day or a day each week where you spend time with your family. During this time, business doesn't exist -- your family has your full attention.
Many people start home businesses for family reasons... so don't get into situation where you are forced to choose between your business and your family! The much-welcomed support of your family can be a tremendous help.
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Angela is the editor of Online Business Basics, a practical guide to building an Internet business on a shoestring budget. If you're tired of hype and just want solid, down-to-earth information, then visit us now -- and in moments you can have access to loads of instantly useable tips, specifically chosen for beginners! http://onlinebusinessbasics.com/article.html
