Others have become home business owners by using their skills in catering, counseling, teaching, day care, sewing, writing, photography, consulting, market research, and landscape design. The increasingly service oriented economy offers a widening spectrum of opportunities for customized and personalized small business growth. However, success in small home-based business is not an accident. It requires both skills in a service or product area and acquisition of management and attitudinal competencies. There are many common characteristics and challenges to be considered in launching most home based businesses, regardless of size.
Some tasks are universal to all small business startups, while others are unique to a home base.
Special planning is required to know all the pertinent legal and tax issues, proper space utilization and to establish time management discipline. Inadequate or careless attention to development of a detailed business plan can be costly for you and your family in terms of lost time, wasted talent and disappearing dollars. Decide What Part of the House to Use Select an area away from family activity. 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.