Work From Home Jobs Checklist
4. You can get wealthy by operating a home business, but you do not have to be wealthy already.
How much startup money you need depends on your acceptable risk level, the other resources you have available to you, and the type of business you start. Later, you will form your draft business plan – and the budget that goes with it. Because home businesses vary widely, so too do the funds required to start one. Most home businesses require the savings of at least two to six months of living expenses. Additional funding sources are available, too, for small-business startups, particularly if you are in a Redevelopment Zone.
Redevelopment Zones and Enterprise Zones are undeveloped or povertystricken areas the government is hoping to improve. The government will provide you with loans or other assistance in exchange for you establishing a business there. Other criteria are also sometimes required, such as hiring local help. Check with your local (city or county) government for more information about these zones in your area.
For possible funding sources beyond your local bank, check with your local Small Business Administration office (or go online at www.sba.gov). Enterprise Zones can be found by contacting your state or local government offices.
5. Results count. Paper gets recycled.
Learning comes in many, many forms. Experience in the real world, trying something new, independent reading and study, travel, volunteering, raising kids, and many other activities all offer opportunities for learning valuable skills. Don’t get me wrong – college degrees are very valuable. But running your own business is a highly pragmatic endeavor. For someone who holds any type of formal academic
diploma, the actual degree is usually not as important as what you have learned to get it.
In some professions, licensing is required, often in a process that includes coursework, experience, and a college degree. But if you are considering being an accountant, for example, you should already be aware of the requirements and possess any licensing you need. If you are in a field in which licensing is key, and you don’t have it, you might want to wait (or consider a line of business in which licensing is not required).
And if you have not had the opportunity to obtain a college degree, don’t sweat it. Did you know that Bill Gates dropped out of college? Dave Thomas, who started the Wendy’s fast food chain, never made it to high school. Some studies have shown that college graduates earn more, but these studies have,
overwhelmingly, focused on people who are employees, not business owners.
Work From Home Business To do list
- Determine whether you’re financially and psychologically ready to start a home business.
- Examine your skills in self-discipline, organization, and perseverance.
- Explore your abilities in customer-relations, creative thinking, and leadership.
- Think about your interest in ongoing professional growth and development.
- Determine where and how you can achieve improvements in your home business-readiness.
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