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What should I know before starting a home based business?

Updated: 9/10/2019
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14y ago

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First and foremost, you need to check with local government regarding the rules for home business. Next you need to be careful to follow tax guidelines and get business licenses.

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Q: What should I know before starting a home based business?
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How much can you borrow to buy a house?

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(Lady Doc) Prior to starting a home-based business, you will need to consider several factors: 1) What is your target market? In other words, who are you primarily going to sell your products or services to?; 2) How will you market your business? Will you develop your own website, mail out flyers, etc?; 3) Will you need assistance with accounting and bookkeeping, or do it yourself?; 4) Do you have all of the necessary equipment for your home-based business, such as a computer with Internet access, a fax machine, copy machine, etc?; and 5) How much start-up capital will your home-based business require? If you do not have the funds readily available, you may need to look into applying for a small business loan.


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Try having a look at www.entrepreneur.com. They offer advice and training for those who wish to start a home based business.


What are the top asset based lenders?

There are many top asset based lenders in the industry. It's always best to investigate the lender before doing business with them since it should be someone you trust.


Where can I find information on starting my own home based business?

There is a lot of information on http://www.home-employment.com/homebusiness/ for starting your own home based business. You do have to be careful because there are a lot of scams out there so be sure to double check everything you find.