September 23, 2011Palmdale ChamberHome-based businessBlog1 Comment
Just like anything in life, there are many struggles that we have to deal with in a home based business, especially in the beginning. The challenges of dealing with the unexpected and dealing with the things that are outside of your control sometimes get the best of us as human beings. However, when you understand what contributes to your struggle, you will be able to better defeat that struggle. The same thing applies to the struggle of your home business. Seoul Massage
Here are five struggles that a person may potentially deal with in his or her home business.
1. Transition from Job to Business: This is a great struggle for people to deal with because most people are very comfortable with their position financially. The idea that a pay check is guaranteed every week or two weeks gives the person the impression or facade of stability. Even if we all know that any job could potentially end at any time. Nonetheless, the transition from job to full-time business person is a great struggle for many.
2. Marketing: Not all of us have the gift of knowing where all the buyers are or predicting buyer behavior. Because of lack of knowledge in marketing, home business people sometimes get nervous or scared to set a budget for marketing. Therefore, business people will waste valuable time trying to learn how to use “free” methods of online marketing or offline marketing just to cut costs, but little do they know, it is hurting their business.
3. Tax Knowledge: Understanding taxes is probably the highest struggle because people don’t understand that they have to consult someone for tax advice. Make yourself aware of what you need to do in order to get yourself situated with taxes. It will always benefit you to keep updated about the tax laws about the business you are in.
4. Licensing: This is also a very stressful thing for people to think about because we all know that eventually we have to get “legit.” That way you can be a full established business. The problem is, people don’t want to deal with this part because it costs a lot of money for most people and they don’t want to deal with the paperwork or legal fees.
5. Work Space: This is another problem for most home based business owners because they may think that they can work “anywhere.” However, the truth is that most people cannot work in areas like their living room or in the basement. In fact, probably the most difficult thing to figure out is where to create an effective workspace. You have to make sure that the space is big enough to place a desk and/or a printer and other materials that will that you use within your space. This is usually a bedroom or den area in the house.
Russ Falls
661-533-5138
www.russfalls.net/
September 22, 2011Palmdale Chamberbusiness plan, home business, Home-based businessBlogNo Comments
When you start a business, it is important for you to have a business plan. A business plan consists of income projections, your executive team, your market, your niche market and your overall marketing plan. There are other semantics involved in a business plan, but this is more of a general view of what your plan will be based around.
There is no difference between having a home based business plan and a regular brick and mortar business plan. The only difference is that you are not going to have office space. Instead you are going to operate your business from your home.
When you build your plan, the only thing that you are going to have to adjust is how you are going to run your daily operations. The key to having your plan taken seriously is a little secret called getting “legit” or having a business credential like an LLC, license and/or DBA (doing business as.) This will enable you to take advantage of lines of credit and other benefits that you otherwise wouldn’t have been able to take advantage of without some sort of credential.
Of course you will want to incorporate this in your business plan so that you can accelerate your efforts. You will also want to make sure that you find out any tax information you need so that you don’t get penalized.
You will want to pay attention to the training department of Russ Falls Home Business site so you will improve your skills to be more successful in your home business.
Russ Falls
661-533-5138
Russ Falls Home Business
September 22, 2011Palmdale Chamberfunding, home business, Home-based businessBlogNo Comments
If you are in business for yourself, you know how difficult it can be for you to find funding sources or maintain relationships with these sources, especially if it is a loan source. However, finding funding sources has become a little easier by using the internet.
One of the best places to find funding sources is on the internet. This is a great place not only to find legitimate sources, but to also locate seminars that will ultimately help you further find funding sources for your online business.
Once place you can search is online and type in “Business Grant Writers” in the search engine. The result should come up as a list of sites and sources with available grant writers who specialize in business grants. You might want to be careful though because some may not be certfied and most are very expensive (as much as $5,000).
You will also want to do a search for available business loans and what you need to do in order to qualify for an actual loan. There are also loan programs that you don’t have to pay back at all.
For more business information visit www.russfalls.net.
Russ Falls
661-533-5138