Starting A Home-Based Business

Written by Kirk Bannerman


Continued from page 1

Third, learn as much as you can about small business. There is a wealth of information available on this topic andrepparttar US Small Business Administration is probably as good a place to start as any. Just go to http://www.sba.gov/ and navigate torepparttar 117135 sections dealing with home based businesses.

Fourth, write a business plan. It is your roadmap to reaching your objectives. There are numerous articles onrepparttar 117136 Internet and in libraries that can assist you in developing your business plan as well as addressingrepparttar 117137 many other issues involved with starting and operating a business from home. As a starting point, here are a couple of Small Business Administration website locations that should prove useful:

http://www.sba.gov/starting/indexbusplans.html http://www.sba.gov/library/pubs.html

And last, but not least, seekrepparttar 117138 advice of a tax professional. Your first reaction may be that you can't afford such expenses right now; but, in reality, you canít afford not to seek such advice fromrepparttar 117139 very beginning of your home business start-up. They can advise you about ways you may be able to reducerepparttar 117140 amount of taxable business income atrepparttar 117141 end ofrepparttar 117142 year. Paying for an hour or two of consultation with a tax professional atrepparttar 117143 beginning will probably save you much more than that amount later on downrepparttar 117144 road.

I never cease to be amazed atrepparttar 117145 number of people that seem to think that some magic is somehow created when you putrepparttar 117146 words "home based" in front ofrepparttar 117147 word "business". It's still business...it just happens to be based inrepparttar 117148 home.

Kirk Bannerman operates a successful home based business and resides in California. For more details, visit his website at http://business-at-home.us


9 Pointer for Evaluating a Business Proposal

Written by Ray Burton


Continued from page 1

5. How long will it take? Take a long hard look at their compensation plan and compare it to your own goals. Is it cost effective on an hourly basis forrepparttar final outcome. You may have to make a decision by balancing time for outcome. You may consider it worthwhile putting in 20 hours work over and above a regular 40 hour job for a small return initially, ifrepparttar 117134 final outcome is say 10 hours per week total for a 5 fold income. Of course you will have to decide first of all exactly how much time you are willing to work onrepparttar 117135 proposal then ask yourself is their program sufficiently automated to be worth your while?

6. Do they want your success as much as their own? What is their commitment to you in terms of training and support? If they are not willing to train and support you for your success, are you willing to carryrepparttar 117136 responsibility of training yourself and dealing with product problems? In my opinion you must have online support and training for whatever you need to do forrepparttar 117137 mutual success of both you andrepparttar 117138 company. This can be inrepparttar 117139 form of email support, forums and a FAQ (frequently asked questions) page on their website.

7. What arerepparttar 117140 hidden costs? Ask yourself, "What do I need over and above their proposal in order to achieve my goals", then factor this in to your decision making process. In this you should include things like further study, tools, web hosting expenses, stationary, travel expenses, accommodation etc. It is also important with some businesses to find out if you have a minimum purchase requirement, frequency of compensation andrepparttar 117141 time period between sales and commission. All these will affect your cash flow. You should then work out exactly what it takes to firstly break even, then become profitable and finally achieve your goals.

8. Is their a lead generation system ? What assistance is given for approaching potential customers through to closingrepparttar 117142 deal? This is often non existent with you left to do it all. The best opportunities are fully automated for efficiency but flexible enough to haverepparttar 117143 essential personal touch. It can be hard work sifting throughrepparttar 117144 opportunities to find your "Ticket2Success".

9. Do they have a money back guarantee? Whetherrepparttar 117145 product is digital or hardware people will expect a guarantee. Are you able to return and refund products quickly and easily with out problem? Is it clear who handlesrepparttar 117146 finances and complaints inrepparttar 117147 event of an unhappy customer? You don't want to be left with egg on your face after creating a good online reputation!

Ray Burton is an internet marketer specializing in affiliate programs, business opportunities, joint ventures and resources to create your online success. He has paid special attention to online training programs for new marketers. You can visit his store at http://www.cyberchoices.net The mini site - mega store.

© R.Burton Jan 2004 All rights reserved


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