Many
of today's biggest brand names were established at home - (Dorothy)
Gerber, Mrs. (Debbi) Fields, and Julie Aigner-Clark (Baby Einstein), to
name but a few. In fact, 52 percent of U.S. companies operate as home
businesses, here are some ideas for you.
FREELANCING
Whatever
your skill - writing, web design, marketing, tax advisor, or
photography- freelancing affords an enormous amount of flexibility and
freedom, and can be started with little cost or paperwork. Many
freelancers get their start by approaching a former employer or customer
who could benefit from their services, then branch out as their body of
work and reputation grows.
Freelancing
does have its challenges and requires discipline-you are running a
business after all. Common mistakes freelancers make include not setting
the business up properly and legally (getting the right permits, or
licenses), forgetting to put money aside to pay estimated taxes, and not planning for peaks and valleys in cash flow.
BE A VIRTUAL ASSISTANT
Virtual
assistants (VAs) provide a wide variety of "virtual" services to other
businesses including administrative, marketing and technical support
from a home office. VAs
are growing in popularity as firms look to cut costs and outsource
administrative functions. If you are organized and have an
administrative background, this might be for you.
START A HOME-BASED FOOD BUSINESS
Food
production from a home is heavily regulated but it's not impossible.
Take Martha Stewart, for example-she famously entered the food service
business with a basement-based catering company in 1976. Before you
start a home-based food business you will need to understand the rules
and regulations that govern the production of food for public
consumption in an at-home environment. For example do you need a
separate kitchen? What about product labeling? Make sure to do your
homework.
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