Start Here: Why an @Home Income?
Why own an at-home-business? Let’s face it, without being sexist, women are multi-taskers who keep their world of influences running. I started to say running smoothly, but that’s not true all the time. That’s our goal, but most days I’m a crisis manager. I strive to be prepared in such a way to avoid unexpected calamity, but sometimes the ‘un’ part makes the expected difficult.
Some of the advantages of working at home are:
- Flexible work hours.
- No commute. (Recovered gas money in the budget.)
- Time to prepare healthier meals.
- During work breaks I can run a load of laundry or dishes and vacuum (which means when the work day is done, so are the household chores.)
- Children don’t need to be enrolled in day-care, and schedules can be adjusted to accommodate sports and carpooling.
- We made the choice to home-school our children, which meant we knew what they were learning.
- We could adjust our schedule to accommodate a special event, and we often traveled to see history first-hand during the less busy times of the year.
- Save money on work clothes and maintenance.
- You control your workload and only answer to clients.
- You can preplan most jobs, work ahead and take time away.
- Tax write-offs
- We were able to be involved in several community service needs because we had more free time and energy: senior center, food shelter, coaching, etc.
- By example, our children learned how to be entrepreneurs. As adults, this training has allowed them to be an employer or an employee by their choice rather than by need.
Ask yourself these questions:
Take an inventory of you. What type of personality are you? If you’re very social, you might not enjoy a business that keeps you in your home office on a computer.
Vice-versa, if you are an introvert, you might avoid the social life required of a business owner with a physical store front or face-to-crowd marketing. There’s nothing wrong with either personality, but knowing who you are may help you avoid building a business you won’t work.
Do you want to work 100% from home?
Do you want to use your home as a base?
Will you see clients in your home? Online? On the phone?
Do you prefer traveling to other people’s homes to either sell to them one-on-one or in a party situation such as: Tupperware, insurance, mobile services, etc.
Do you have room to carry inventory?
Do you have room and staff to be a production situation? Will your county planning commission allow you to have a business in your home? Consider the parking situation if you have more than a few employees or clients. Also consider the noise levels you may produce.
Some things to remember:
How much money do you need to make monthly?
Can you afford the start-up cost of a business? Some businesses have a very low start-up but others take funds for licenses, education, certification, equipment, etc. Do your research to avoid hidden or unexpected costs.
Write a mission statement. In 25 words or less, decide what you will do, who you serve, and how you will serve them. What problem will you solve? Why you? How will your solution be different than anyone else?
Fill in these blanks: I help _________________(age and sex category) with ______________(what problem?) by ______________________ (doing what for them?)
What will you do to establish a foothold in your field of interest?
What professional development (other than hard knocks) will you pursue to further your company?
What kind of plan do you have to maintain the work/life balance?
All things to think about! Our Take Charge Tuesday newsletters will help you fill in the gaps from having an idea to making a profit! Sign up today to Build Your Own Opportunities!
All these questions and more will be answered in the newsletters and upcoming video classes! Stay Tuned!