Tag: Home-based

Home-based business #business #english

#home based business

#

Home-based business

Last Updated: 5 July 2016

Home-based businesses are a large part of the Australian business community, with nearly one million people running a business from home. Working from home can offer flexibility and convenience, and can often be a great opportunity to start a new career.

If you’re thinking of starting a home-based business or are currently running one, you can maximise your chance of success by ensuring that you understand the risks and government requirements that apply to you.

Operating a small business is not just about working for yourself, it’s also about having the necessary management skills, industry expertise, technical skills, finance, and a long-term vision to grow and succeed.

Things to consider before starting a home-based business

A successful home business requires an owner who is able to handle a wide variety of issues. In many cases, identical home-based businesses can have different levels of success due to different approaches to planning. By thinking through the establishment of your business carefully and taking the time to research and plan your operations, you can create a competitive advantage while also helping secure the future of your business.

If you’re starting a home business, developing a thorough business plan is the best place to begin. To develop your business plan, you need to consider these points about operating from home:

  • Is your home the best location for your business?
  • Can you conduct the type of business you want under local council regulations?
  • What are your legal obligations?
  • Will your home-based business allow you to balance your work and family life?
  • What are the town planning requirements of your local government authority?

Don’t be afraid to ask yourself hard questions about your business. It’s much easier to plan for the future than to react to the unexpected.

Taking the first steps and getting advice

When you’re taking the first steps in starting up a home-based business, take a look at the wide range of government advice and support available. Most state and territory governments provide home-based business kits and fact sheets, which are great for establishing the foundations of your business.

You can access a range of advisory services from the Australian Government. Use Advisory Services to get in touch with your nearest business advisor service.

Networking is also an important way to keep up-to-date with business trends and to create business opportunities and relationships. If you’re operating a business from home, consider joining a business association, check newspapers and business publications, and search our Events to find events relevant to your business.

As well as advice and support from government and those within your network, you should also consider consulting an experienced business adviser, accountant or bank manager. These business advisors are valuable as they may be able to share the experiences of others and provide guidance to you when making important decisions.

Meeting government requirement and regulations

Like all businesses, home-based businesses need to register for business and company names, taxation, and other business licences and permits. Using your home as a place of business may also mean complying with particular state, territory and local government regulations.

The impact of your business activities on the surrouding residential area, particularly pollution, energy use and parking, can all require special permission. Depending on your type of business, you may need special permits relating to zoning, signage, noise levels or health issues.

What to do.

  • See our Registration and licences topic for information about registration for all business types.
  • Read about taxation or insurance for home-based businesses.
  • Download our Business plan guides and templates .
  • Find home-based business assistance in your state or territory.
  • Contact your nearest Business Enterprise Centre for free advice and support.
  • You may also be interested in our Online business topic as part of doing business from home.

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Home-based business – Canada Business Network #better #business #bureau

#home based businesses

#

Home-based business

When you are your own boss, working from home may seem like an appealing prospect, but before you decide to start a home-based business, there are a few things to consider. Launching a business in your home could be ideal, depending on the space you require and the nature of your work. You should make sure that this arrangement suits both your personal and professional needs.

You may be drawn to the advantages of working from your home. It can be less expensive than renting or buying commercial space, there may be possible tax deductions you can claim, (for example, a portion of property taxes, utilities, repairs and maintenance, home insurance and a portion of your mortgage interest or rent) and you may have more flexibility with your hours.

Ask yourself a few questions to determine whether having a home-based business is right for you:

  • Will working on your own suit your personality? Some people prefer to be in the company of colleagues.
  • Do you have the self-discipline to motivate yourself, even when business is quiet?
  • Might you have difficulty setting boundaries between your personal life and your business role? Will you face interruptions from family and friends?
  • Is there enough room for the resources you need, like special equipment or employees?
  • If your business is successful, will there be room to expand? How will you address this when the time comes?

When you decide you are ready to launch your home-based business, consider the following suggestions:

  • Review provincial and federal health, safety and taxation regulations related to your business.
  • Check municipal by-laws and determine whether your area is zoned for operating a business, particularly if you plan to deal with the public or have non-family-members working out of your home.
  • Designate a specific area of your residence as your workspace (as removed as possible from the ebb and flow of your household activities).
  • Try not to let chores or other distractions take you away from your work and interrupt your productivity.
  • Avoid letting the less formal setting interfere with your professionalism.
  • Be available to your clients by keeping a consistent schedule and getting back to them in a timely fashion.
  • Be aware that some home-based business opportunities may be fraudulent.

Beware of home business opportunities that seem too good to be true!

When you work from home, it’s important to have a space that is comfortable and functional. Take the time to ensure your home office meets your needs.

If you operate a small business from your home, discover ways insurance can help mitigate your risk of potential losses.





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Home-Based Businesses #business #journal

#home based business

#

What do Apple Computer, Hershey’s, Mary Kay Cosmetics, and the Ford Motor Company have in common? These well-known corporations all started out as home-based businesses. In fact, more than half of all U.S. businesses are based out of an owner’s home.

Starting a home-based business has many rewards as well as challenges. This guide provides resources that will help you learn more about working out of your house, starting a home-based business and managing your business within the law.

Before You Begin

  • Can you live and work in the same area? Find the answer by asking yourself the following questions: Where in the home will the business be located? What adjustments to living arrangements will be required? What will be the cost of changes? How will your family react? What will the neighbors think?
  • Home-Based Business. Is it For Me? Is working from home right for you? Learn about several factors you should consider when starting a home-based business.
  • Starting a Business in Your Home: Weighing the Pros and Cons. Have you thought about the characteristics and challenges that are most commonly involved in launching home-based businesses? View the pros and cons before you begin a home-based business.

Start a Home-Based Business

If you have decided you are ready to start a home-based business, then you might already have an idea and/or the products you want to market. If not, think about your background, what you are good at, and what experience you have. This exploration can get you on your way to coming up with a sound idea. For additional guidance on how to start your business, use the resources listed below.

Get planning ideas by reading an article that provides a comprehensive approach to developing a business plan for a home-based business

Learn how your local government’s zoning ordinances may affect your business. Not knowing the potential legal and community problems associated with having a business at home, and the rules, can have devastating consequences.

Buying a Work-at-Home Franchise

Home based franchises are becoming more common, but buyer beware! Some “work at home” franchise opportunities are schemes to get your money.

Visit the Consumer Guide to Buying a Franchise for more information about evaluating and buying into franchises and related work-at-home business opportunities.

Financing a Home-Based Business

Federal agencies do not provide grants for starting a home-based business. However, there are a number of low-interest loan programs that help individuals obtain startup financing. Visit the Loans and Grants Search Tool to get a full list of grant, loan and venture capital programs for which you might qualify.

Marketing a Home-Based Business

There are several ways to market your business and get in touch with your customers. Customers are a key component to businesses success. Learn how to successfully market your home-based business: Home-Based Business – Market Your Product .

Filing Taxes for a Home-Based Business

Doing your personal taxes can be a pain, but now you have to do the taxes for your home-based business as well. Use the resources below to learn how to correctly file your small business taxes and get the proper deductions.

  • Provides access to the official IRS gateway for tax information for small business owners.
  • Explains how to deduct business expenses on your income taxes.
  • Covers how to report your earnings since you are self-employed.




Tags : ,

Home-based business – Canada Business Network #business #bank #account

#home based businesses

#

Home-based business

When you are your own boss, working from home may seem like an appealing prospect, but before you decide to start a home-based business, there are a few things to consider. Launching a business in your home could be ideal, depending on the space you require and the nature of your work. You should make sure that this arrangement suits both your personal and professional needs.

You may be drawn to the advantages of working from your home. It can be less expensive than renting or buying commercial space, there may be possible tax deductions you can claim, (for example, a portion of property taxes, utilities, repairs and maintenance, home insurance and a portion of your mortgage interest or rent) and you may have more flexibility with your hours.

Ask yourself a few questions to determine whether having a home-based business is right for you:

  • Will working on your own suit your personality? Some people prefer to be in the company of colleagues.
  • Do you have the self-discipline to motivate yourself, even when business is quiet?
  • Might you have difficulty setting boundaries between your personal life and your business role? Will you face interruptions from family and friends?
  • Is there enough room for the resources you need, like special equipment or employees?
  • If your business is successful, will there be room to expand? How will you address this when the time comes?

When you decide you are ready to launch your home-based business, consider the following suggestions:

  • Review provincial and federal health, safety and taxation regulations related to your business.
  • Check municipal by-laws and determine whether your area is zoned for operating a business, particularly if you plan to deal with the public or have non-family-members working out of your home.
  • Designate a specific area of your residence as your workspace (as removed as possible from the ebb and flow of your household activities).
  • Try not to let chores or other distractions take you away from your work and interrupt your productivity.
  • Avoid letting the less formal setting interfere with your professionalism.
  • Be available to your clients by keeping a consistent schedule and getting back to them in a timely fashion.
  • Be aware that some home-based business opportunities may be fraudulent.

Beware of home business opportunities that seem too good to be true!

When you work from home, it’s important to have a space that is comfortable and functional. Take the time to ensure your home office meets your needs.

If you operate a small business from your home, discover ways insurance can help mitigate your risk of potential losses.





Tags : , , , ,

The Most Profitable Home-Based Businesses #business #school #ranking

#home based business

#

The Most Profitable Home-Based Businesses

When art major Melissa Schmechel graduated from Smith College in 2004, she chose to cut her teeth at two small shops in San Francisco. But she also had grander entrepreneurial designs.

“I saw small studios and letter-press printers make it work on their own,” says Schmechel. “I felt like there was a big enough market out there.”

Skills honed, the entrepreneurial 26-year-old launched her own graphic design shop, Darling Design, out of her apartment last year. She figures that an office lease would have cost an extra $1,000 per month. Sure, the home office can get a bit crowded–Schmechel shares the cramped three-bedroom rental with two roommates–but she’s happy she did it. “I couldn’t have started the business without doing it in my house,” she says.

In Pictures: The 10 Most Profitable Home-Based Businesses

Schmechel charges $50 an hour to spruce up brochures, business cards, catalogs, case studies and occasionally Web sites. Her tools of the trade include a computer and basic printer. (For high-end printing, she heads to Kinko’s.) Additional overhead: a mere $10 per month for a Web site hosting service. Initial marketing amounted to posting an ad on Craigslist. Darling Design’s first-year profits. about $50,000, she says.

Who needs a nasty commute when you can make a decent buck but a few feet from your kitchen? Over half of all U.S. businesses are now based out of an owner’s home, according to the U.S. Census Bureau. With the economy shedding jobs, the ranks of the self-employed may well keep swelling. Plenty more entrepreneurs may look to eliminate rent and fuel costs to pinch pennies.

With the help of Sageworks, a Raleigh, N.C.-based private-company data provider, Forbes.com has assembled a list of the 10 most profitable businesses–on a pretax basis–that could be run out of a home. The data were drawn from eight years worth of financial statements (nearly an entire business cycle) for tens of thousands of privately held U.S. companies with annual revenues under $1 million and bucketed by Internal Revenue Service classifications. Average pretax profits ranged from 8% to 14%.

We included only industries for which Sageworks had data from at least 35 companies, and we eliminated categories too broad to be meaningful. One big caveat: The data have an inherent positive survivorship bias, as some companies captured in earlier years may have failed along the way.

Facilitators–from brokerages to consultancies–nabbed five of the 10 spots; creators, such as specialty design shops, earned three; and repair outfits rounded out the rest. To be sure, not all will fare equally (or well) in the economic downturn.

Case in point: securities and commodities brokers, who stand atop the list with an average pretax margin of 14%. While confidence in the markets is shaken and competition from E*Trade and Charles Schwab is stiff, trusted brokers able to develop a book of business by giving financial advice (not simply executing trades) can still do well. All it takes is a computer, a speedy Internet hookup and some trading software from the likes of Automatic Data Processing. Typical commissions: 2% to 3% of the value of each trade.

To get started, first you’ll need approval from the Financial Industry Regulatory Authority. Required paperwork includes a business plan, a trial balance sheet and monthly projections of income and expenses. Registration fee: about $5,000, depending on the types of securities you deal with. If you haven’t already bagged your broker’s license, get ready to pass a series of exams, including the six-hour Series 7 Exam and perhaps the Series 63 or 66. One caveat: You can only take these exams after working for several months at a registered firm–and all of your employees must pass the same tests.

Consulting is good work, if you can get it. Consultants give guidance to companies looking for help with everything from marketing to environmental remediation–and for that they clock an average 10% operating margin. Many consultants can easily work from home when they’re not with clients on site, and most charge on a per-project basis rather than by the hour. Two big challenges: marketing and pricing the service. For more on the first, check out “Twelve Innovative Marketing Techniques “; for more on pricing, try “How To Figure Out Your Daily Rate .”

If you’d rather create than facilitate, learn how to code. Software is a very scalable business–simply write a program once and sell lots of copies. But it’s a hits business, too. Consider that the most expensive applications for the Apple iPhone typically sell for around $10–of which the programmer might get 70%–but most are free.

Techies can hedge their bets by doing some trouble-shooting work, too. On the service side, “the margins can be high because you’re not competing with global operators,” says Avron Barr, principal at Aldo Ventures, a software technology consulting firm in Aptos, Calif. Taken together, the “software publishing” bucket–which the IRS takes to mean both coders and help-desk types–boasts an average 14% pretax margin.

The nasty economy could put some coin in cobblers’ coffers, as consumers look to fix up furniture, appliances and leather goods rather than shell out for the new stuff. According to Sageworks, the average pretax margin of firms under the “Personal and Household Goods Repair and Maintenance” classification is 10%.

Maintenance work from the comfort of your garage or basement is challenging on two fronts: overall set-up (equipment, ventilation) and finding clients. Take shoe repair. Ben Roush, a cobbler in Omaha, Neb. says that used finishing machines (with the proper buffering and sanding devices) go for $10,000; stitchers, $1200; and hydraulic presses for adding glue, $300. Some repair work requires more electrical power, too: 220 volts versus the typical 110 volt capacity in most houses.

One warning about working from home: The walls may start closing in. “I’m looking to move into a studio space for part of the week,” says Schmechel. “It was really great at first to work from home, but each day, I find it harder and harder psychologically to do it.” For an unvarnished look at home entrepreneurship, check out “The Highs And Horrors Of Home-Based Businesses .”





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2012 – Top 10 Home-Based Franchises for Women #loans #for #starting #a #business

#work from home ideas

#

2012 Top 10 Home-Based Franchises for Women

Are you looking to work at home or be your own boss, but you don’t know where to start? A home-based franchise might be the perfect self-employment opportunity for you.

I know, when you think of the word franchise you think Starbucks and McDonald s and you think BIG investment.

Well, I m here to tell you, that s not always the case.

In fact, there are many home-based franchises that are very affordable and many of them were launched by women just like you!

The nice thing about a franchise is that all the hard work has been done for you; you basically pay for the franchise and you’re given a detailed manual and tools on how to replicate the business exactly. Besides being a low-risk investment, another great perk of owning a franchise, is that many franchises already have well known established brands, so you spend less money on marketing and advertising.

To assist you with your search, I’ve compiled a list of the top 10 home-based franchises for women. Franchises are listed in order of price, from lowest to highest.

1. Loyal Checkin Closed

Franchise Fee: $99 a month, flat fee

Loyal Checkin is a mobile loyalty business. With Loyal Checkin you ll be assisting business with their mobile marketing campaigns, and with the tools that they supply you with, you can create them yourself, or have one of their developers create it for you. So if you re outgoing, enjoy sales, and like working online, a home-based franchise with Loyal Checkin may be your next step.

Franchise Fee: $1,815 $2,015

AssistU is a comprehensive franchise/training program on how to set up and run a virtual assistant business. A Virtual Assistant (VA) is a highly skilled, home based professional that offers companies and businesses administrative, technical and social assistance.Virtual Assistants complete tasks such as, sending out correspondence via email or mail, appointment setting, typing, online filing, phone calls, internet research, data entry, maintaining websites, etc. If you enjoy helping people, are organized and have good time management skills, a AssistU franchise may be the perfect home based opportunity for you!

3. Homeowner Referral Network

Franchise Fee: $1,995 $6,495

Homeowner Referral Network is a business in a box, that pre-screens and refers local home improvement contractors. If you have good judgment, can give honest assessments of contractors, and have a passion for helping others, a Homeowner Referral Network Franchise may be you’re calling.

Franchise Fee: $3,000

Royalty Fee: Flat annual rate

Molly Manners is a home-based franchise that operates at host locations (schools, daycare centers, parks, libraries and community centers). Molly Manner’s has three programs that cater to children ages three through seventeen, teaching everything from kindness to others, play-date etiquette, good manners, etiquette and social skills. So if you enjoying working with children and want to make a difference, a Molly Manner’s Franchise may be your perfect business.

Franchise Fee: $5,000 $25,000

Royalty Fee: $195 or 7% monthly fee

Stroller Strides is a home-based franchise that offers a total fitness program for moms and their babies and toddlers. So if you have a passion for fitness and a desire to have a career that is supportive of motherhood, Stroller Strides may be your calling.

Franchise Fee: $9,995

Cruise Planners is a home-based franchise that offers cruise planning services to individuals. So if you love to travel and have the entrepreneurial bug, Cruise Planners may be a great fit for you.

7. Just Between Friends

Franchise Fee: $12,090

Just Between Friends is a children’s and maternity consignment event franchise, that operates a sale twice yearly. So if you’re a mom that enjoys being green and that can find the needle in the haystack, Just Between Friends may be the perfect opportunity for you.

Franchise Fee: $14,575

Décor and You is a home-based business that assists clients with decorating and redesigning their homes. If you have a flair for interior design and are creative, a home-based franchise with Décor and You may be the perfect home-based franchise for you.

Franchise Fee: $25,000

Moms Corps is a staffing and recruitment company for moms, offering online job boards, events, services and training. So if you love helping moms find a career that they are passionate about, Mom Corps may be a good fit for you.

10. Cybertary Closed

Franchise Fee: $37,500 $60,000

Cybertary is a home-based franchise that assists with business owners with various administrative, technical and social tasks. So if you like to help people, are you organized, have good time management skills, excellent proof reading, grammar and spelling, a career with Cybertary may be the perfect home-based opportunity for you.

While franchise costs and fees are believed to be correct, please check with the individual companies for complete up-to-date information and prices. Please be aware that these companies have not been researched by me personally. As is always the case, please do your due diligence prior to enrolling in any business opportunity. This list is my own personal opinion and should be taken as such.

Full disclosure: Just Between Friends and Cruise Planners advertise on The Work at Home Woman.





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The Most Profitable Home-Based Businesses #bank #business #loans

#home based business

#

The Most Profitable Home-Based Businesses

When art major Melissa Schmechel graduated from Smith College in 2004, she chose to cut her teeth at two small shops in San Francisco. But she also had grander entrepreneurial designs.

“I saw small studios and letter-press printers make it work on their own,” says Schmechel. “I felt like there was a big enough market out there.”

Skills honed, the entrepreneurial 26-year-old launched her own graphic design shop, Darling Design, out of her apartment last year. She figures that an office lease would have cost an extra $1,000 per month. Sure, the home office can get a bit crowded–Schmechel shares the cramped three-bedroom rental with two roommates–but she’s happy she did it. “I couldn’t have started the business without doing it in my house,” she says.

In Pictures: The 10 Most Profitable Home-Based Businesses

Schmechel charges $50 an hour to spruce up brochures, business cards, catalogs, case studies and occasionally Web sites. Her tools of the trade include a computer and basic printer. (For high-end printing, she heads to Kinko’s.) Additional overhead: a mere $10 per month for a Web site hosting service. Initial marketing amounted to posting an ad on Craigslist. Darling Design’s first-year profits. about $50,000, she says.

Who needs a nasty commute when you can make a decent buck but a few feet from your kitchen? Over half of all U.S. businesses are now based out of an owner’s home, according to the U.S. Census Bureau. With the economy shedding jobs, the ranks of the self-employed may well keep swelling. Plenty more entrepreneurs may look to eliminate rent and fuel costs to pinch pennies.

With the help of Sageworks, a Raleigh, N.C.-based private-company data provider, Forbes.com has assembled a list of the 10 most profitable businesses–on a pretax basis–that could be run out of a home. The data were drawn from eight years worth of financial statements (nearly an entire business cycle) for tens of thousands of privately held U.S. companies with annual revenues under $1 million and bucketed by Internal Revenue Service classifications. Average pretax profits ranged from 8% to 14%.

We included only industries for which Sageworks had data from at least 35 companies, and we eliminated categories too broad to be meaningful. One big caveat: The data have an inherent positive survivorship bias, as some companies captured in earlier years may have failed along the way.

Facilitators–from brokerages to consultancies–nabbed five of the 10 spots; creators, such as specialty design shops, earned three; and repair outfits rounded out the rest. To be sure, not all will fare equally (or well) in the economic downturn.

Case in point: securities and commodities brokers, who stand atop the list with an average pretax margin of 14%. While confidence in the markets is shaken and competition from E*Trade and Charles Schwab is stiff, trusted brokers able to develop a book of business by giving financial advice (not simply executing trades) can still do well. All it takes is a computer, a speedy Internet hookup and some trading software from the likes of Automatic Data Processing. Typical commissions: 2% to 3% of the value of each trade.

To get started, first you’ll need approval from the Financial Industry Regulatory Authority. Required paperwork includes a business plan, a trial balance sheet and monthly projections of income and expenses. Registration fee: about $5,000, depending on the types of securities you deal with. If you haven’t already bagged your broker’s license, get ready to pass a series of exams, including the six-hour Series 7 Exam and perhaps the Series 63 or 66. One caveat: You can only take these exams after working for several months at a registered firm–and all of your employees must pass the same tests.

Consulting is good work, if you can get it. Consultants give guidance to companies looking for help with everything from marketing to environmental remediation–and for that they clock an average 10% operating margin. Many consultants can easily work from home when they’re not with clients on site, and most charge on a per-project basis rather than by the hour. Two big challenges: marketing and pricing the service. For more on the first, check out “Twelve Innovative Marketing Techniques “; for more on pricing, try “How To Figure Out Your Daily Rate .”

If you’d rather create than facilitate, learn how to code. Software is a very scalable business–simply write a program once and sell lots of copies. But it’s a hits business, too. Consider that the most expensive applications for the Apple iPhone typically sell for around $10–of which the programmer might get 70%–but most are free.

Techies can hedge their bets by doing some trouble-shooting work, too. On the service side, “the margins can be high because you’re not competing with global operators,” says Avron Barr, principal at Aldo Ventures, a software technology consulting firm in Aptos, Calif. Taken together, the “software publishing” bucket–which the IRS takes to mean both coders and help-desk types–boasts an average 14% pretax margin.

The nasty economy could put some coin in cobblers’ coffers, as consumers look to fix up furniture, appliances and leather goods rather than shell out for the new stuff. According to Sageworks, the average pretax margin of firms under the “Personal and Household Goods Repair and Maintenance” classification is 10%.

Maintenance work from the comfort of your garage or basement is challenging on two fronts: overall set-up (equipment, ventilation) and finding clients. Take shoe repair. Ben Roush, a cobbler in Omaha, Neb. says that used finishing machines (with the proper buffering and sanding devices) go for $10,000; stitchers, $1200; and hydraulic presses for adding glue, $300. Some repair work requires more electrical power, too: 220 volts versus the typical 110 volt capacity in most houses.

One warning about working from home: The walls may start closing in. “I’m looking to move into a studio space for part of the week,” says Schmechel. “It was really great at first to work from home, but each day, I find it harder and harder psychologically to do it.” For an unvarnished look at home entrepreneurship, check out “The Highs And Horrors Of Home-Based Businesses .”





Tags : , , , ,

Insurance for home-based business #business #plans

#home businesses

#

Insurance for home-based business

Last Updated: 10 May 2016

If you run your business from home, it’s important to understand that your existing home and contents insurance may not cover your business activities or your clients in the event of an accident or illness. This is a common mistake for many businesses and can make you personally liable if an accident occurs.

What type of insurance should I get?

There are many insurance policies targeting home-based businesses. Before you decide on an insurance policy, compare different providers to select what’s best for you.

As a home-based business you need to make sure you have the correct level of insurance to protect yourself, your business and your home. It’s also important to understand that standard homeowner policies do not generally provide cover for home-based business activities.

When looking at insurance providers, consider the following types of insurance:

  • public liability cover for persons visiting your business at home (e.g. customers and suppliers)
  • asset insurance of business equipment, inventory, tools of trade, office furniture or computer equipment
  • workers’ compensation for any employees working from your home
  • fire, storm and theft cover for the loss of any stock and equipment
  • professional indemnity insurance if you’re in a service industry, especially if you’re contracting to government
  • loss of income due to personal accident or illness
  • costs arising from interruption to your business
  • marine policy if you send products via freight carriers or post.

It’s important to note that many policies don’t cover tools of trade, office furniture or computer equipment used for your business, unless you and your insurer have agreed to cover them.

What to do.

  • Read more about Home-based business and check out our Starting a home-based business page.
  • Find out about types of insurance .
  • You may be interested in our Online business page if your home business is online.
  • Read about Managing inventory for information on protecting your stock.
  • Compare insurance companies and brokers.
  • Talk to your industry association or professional body for advice.

Was this helpful?

Thanks for your feedback. If you have any ideas on how we can improve, we’d love to hear them.

Please provide your comments in the feedback form .

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5 Flexible Home-Based Business Ideas for Women #business #intelligence #tools

#home business ideas for women

#

5 Flexible Home-Based Business Ideas for Women

Many years ago when I started brainstorming work at home business ideas, many occupations came to mind, event planner. professional organizer, doula. and personal concierge. But when I asked myself, “How do I want my life to look?” it didn’t include running all around town or working on holidays or weekends.

When I sat down and mapped out my dream work at home job, it involved working from inside my home with a schedule that was super flexible; meaning I could work any hours from anywhere in the world. While there are a lot of work at home business opportunities out there many of them do require you to work standardized hours.

So if you’re looking for a truly flexible business to start, here are 5 ideas to get you started.

1) Blogger Do You Want to Be an Online Publisher?

Obviously, I’m a huge advocate for starting your own blog. But let me tell you why blogging is such a great business to start.

  • It builds a business platform for other opportunities like freelance writing, coaching, speaking, marketing, or selling products.
  • Showcases your expertise.
  • Introduces you to people and opportunities you would not have been privileged to before.
  • It takes very little money to start and run.
  • You can blog about ANYTHING!

When you’re a blogger you’ll be doing many different tasks at once. You’ll be researching, writing, editing, and taking photos for blog posts, so that you can publish awesome content. You’ll be dealing with tech issues, like adding new plugins, modifying your side bar, or trying to figure out why your site is running slow. You’ll be distributing your articles on social media channels like Facebook, Twitter, and Pinterest. You’ll be interacting with readers through blog comments, social media platforms, and email. And don’t forget about providing customer service and support to your advertisers and sponsors. While it takes time to make money from blogging. it truly is one of the most flexible careers you can have, and you get to write about what you love!

Bloggers make their money in a multitude of ways from: direct ad sales. affiliate marketing. working with ad networks, corporate sponsorships, brand ambassadorships, sponsored blog posts, holiday gift guides, coaching, selling products, informational programs, e-books and webinars. How much you earn as a blogger will depend greatly on your determination, mindset, and niche.

Mandy Rose from House of Rose Blog has been blogging since 2008 and currently makes over $40,000+ a year. Meagan Paullin from Sunshine and Sippy Cups started blogging in 2011 and currently makes over $100K per year. Read about their blogging success here .

2) Coach Do You Enjoy Helping Others?

Being a coach means helping people better their lives through focused dialog and practice. So if you have a desire to help others, are dependable, a good listener, and non-judgmental launching a coaching business may be the perfect idea for you. What type of coach you ll become will vary greatly upon the prior experience and training that you have. While some individuals specifically go to college or get additional training to become a coach, others fall into coaching, because they have an extensive knowledge and passion for a certain subject matter. Here are just a few of the niches you can work in: Career coaching, business coaching, fitness and wellness coaching, life coaching, direct sales coaching, parenting coach, and the list goes on and on.

Coaches can make money by facilitating one-on-one coaching sessions via phone, email, or Skype, group sessions, webinars, selling e-books and informational products, speaking, book writing, selling online courses, seminars, and mastermind groups.

Traci Bild, founder of Get Your Girl Back, Sarah Dew Finks, founder of the Happy Entrepreneur, and Cynthia Occelli, founder of the Beautiful Life School are all making over $100K a year! Read about their coaching success here .

3) Freelance Writer Is Writing Your Passion?

As a freelance writer. you will research, write, and edit articles and documents for clients. Now, you may be thinking that you need an English degree to be a writer, but the truth is, anyone who enjoys writing can do it professionally. The types of projects that you take on will vary on your prior knowledge, skill set, experience, and interests. The best piece of advice for anyone who wants to be a freelance writer write every day! The more you write the better and faster you’ll get. Also make sure that you’re investing in your professional development by reading and participating in courses, webinars, and training.

Write online articles, blog posts, newsletters, magazine articles, e-books, video scripts, white papers, case studies, ghost writing, technical writing, advertising copy, resume writing, travel writing, newspaper articles, website copy, grant writing, brochures, sales materials, and training manuals.

Laura Spencer has over 24 years of writing experience, but came to the freelance world in 2002. You can read more of her story and freelancing tips here .

4) Social Media Marketer Are You a Social Butterfly?

When you’re a social media marketer you will manage companies social media channels, so you will need to know the ins and outs of the big 7: Facebook, Twitter, LinkedIn, Pinterest. YouTube, Instagram. and Google Plus. One of the best ways to land a social media gig is by having your own successful platforms and being active on them. You can also read and educate yourself on best practices which this realm is constantly changing, so you’ll need to stay on top on trends, news, and updates.

Setting up social media profiles and accounts, sending out social media updates, social media correspondence at live events, coaching, consulting, speaking, online listening strategies, writing an e-book, and selling informational products and webinars.

Christina Linnell started out as a blogger and turned her passion for social media into a full-time career. She now owns and runs Linnell Media Company, which provides social media solutions for small businesses.

5) Virtual Assistant Are You a Multitasking Maven?

When you’re a virtual assistant you help business owners with a variety of tasks, anything from answering email correspondence and making appointments, to editing, writing, bookkeeping, and social media management. What services you offer your clients will depend on your skills, background training, prior experience, and your passions. No special training is needed to become a virtual assistant, but polishing your skills and learning new ones is always a good practice. For resources and training make sure to check out VA Networking or there are many good books on this career.

Offer administrative services, editing, writing, bookkeeping, social media management, translation, marketing, technical, creative In fact, check out this huge list of services that virtual assistants can offer, it s endless!

Michelle Dale, Sherry Carnahan, and Michelle Mangen all run successful virtual assistant businesses from home in fact, they’re all making over six figures a year! Read about their virtual assistant success here .

I hope these flexible home-based business ideas got your creative juices flowing! If you re still searching for more business ideas make sure to check out these articles:





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The Most Profitable Home-Based Businesses #business #printing

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The Most Profitable Home-Based Businesses

When art major Melissa Schmechel graduated from Smith College in 2004, she chose to cut her teeth at two small shops in San Francisco. But she also had grander entrepreneurial designs.

“I saw small studios and letter-press printers make it work on their own,” says Schmechel. “I felt like there was a big enough market out there.”

Skills honed, the entrepreneurial 26-year-old launched her own graphic design shop, Darling Design, out of her apartment last year. She figures that an office lease would have cost an extra $1,000 per month. Sure, the home office can get a bit crowded–Schmechel shares the cramped three-bedroom rental with two roommates–but she’s happy she did it. “I couldn’t have started the business without doing it in my house,” she says.

In Pictures: The 10 Most Profitable Home-Based Businesses

Schmechel charges $50 an hour to spruce up brochures, business cards, catalogs, case studies and occasionally Web sites. Her tools of the trade include a computer and basic printer. (For high-end printing, she heads to Kinko’s.) Additional overhead: a mere $10 per month for a Web site hosting service. Initial marketing amounted to posting an ad on Craigslist. Darling Design’s first-year profits. about $50,000, she says.

Who needs a nasty commute when you can make a decent buck but a few feet from your kitchen? Over half of all U.S. businesses are now based out of an owner’s home, according to the U.S. Census Bureau. With the economy shedding jobs, the ranks of the self-employed may well keep swelling. Plenty more entrepreneurs may look to eliminate rent and fuel costs to pinch pennies.

With the help of Sageworks, a Raleigh, N.C.-based private-company data provider, Forbes.com has assembled a list of the 10 most profitable businesses–on a pretax basis–that could be run out of a home. The data were drawn from eight years worth of financial statements (nearly an entire business cycle) for tens of thousands of privately held U.S. companies with annual revenues under $1 million and bucketed by Internal Revenue Service classifications. Average pretax profits ranged from 8% to 14%.

We included only industries for which Sageworks had data from at least 35 companies, and we eliminated categories too broad to be meaningful. One big caveat: The data have an inherent positive survivorship bias, as some companies captured in earlier years may have failed along the way.

Facilitators–from brokerages to consultancies–nabbed five of the 10 spots; creators, such as specialty design shops, earned three; and repair outfits rounded out the rest. To be sure, not all will fare equally (or well) in the economic downturn.

Case in point: securities and commodities brokers, who stand atop the list with an average pretax margin of 14%. While confidence in the markets is shaken and competition from E*Trade and Charles Schwab is stiff, trusted brokers able to develop a book of business by giving financial advice (not simply executing trades) can still do well. All it takes is a computer, a speedy Internet hookup and some trading software from the likes of Automatic Data Processing. Typical commissions: 2% to 3% of the value of each trade.

To get started, first you’ll need approval from the Financial Industry Regulatory Authority. Required paperwork includes a business plan, a trial balance sheet and monthly projections of income and expenses. Registration fee: about $5,000, depending on the types of securities you deal with. If you haven’t already bagged your broker’s license, get ready to pass a series of exams, including the six-hour Series 7 Exam and perhaps the Series 63 or 66. One caveat: You can only take these exams after working for several months at a registered firm–and all of your employees must pass the same tests.

Consulting is good work, if you can get it. Consultants give guidance to companies looking for help with everything from marketing to environmental remediation–and for that they clock an average 10% operating margin. Many consultants can easily work from home when they’re not with clients on site, and most charge on a per-project basis rather than by the hour. Two big challenges: marketing and pricing the service. For more on the first, check out “Twelve Innovative Marketing Techniques “; for more on pricing, try “How To Figure Out Your Daily Rate .”

If you’d rather create than facilitate, learn how to code. Software is a very scalable business–simply write a program once and sell lots of copies. But it’s a hits business, too. Consider that the most expensive applications for the Apple iPhone typically sell for around $10–of which the programmer might get 70%–but most are free.

Techies can hedge their bets by doing some trouble-shooting work, too. On the service side, “the margins can be high because you’re not competing with global operators,” says Avron Barr, principal at Aldo Ventures, a software technology consulting firm in Aptos, Calif. Taken together, the “software publishing” bucket–which the IRS takes to mean both coders and help-desk types–boasts an average 14% pretax margin.

The nasty economy could put some coin in cobblers’ coffers, as consumers look to fix up furniture, appliances and leather goods rather than shell out for the new stuff. According to Sageworks, the average pretax margin of firms under the “Personal and Household Goods Repair and Maintenance” classification is 10%.

Maintenance work from the comfort of your garage or basement is challenging on two fronts: overall set-up (equipment, ventilation) and finding clients. Take shoe repair. Ben Roush, a cobbler in Omaha, Neb. says that used finishing machines (with the proper buffering and sanding devices) go for $10,000; stitchers, $1200; and hydraulic presses for adding glue, $300. Some repair work requires more electrical power, too: 220 volts versus the typical 110 volt capacity in most houses.

One warning about working from home: The walls may start closing in. “I’m looking to move into a studio space for part of the week,” says Schmechel. “It was really great at first to work from home, but each day, I find it harder and harder psychologically to do it.” For an unvarnished look at home entrepreneurship, check out “The Highs And Horrors Of Home-Based Businesses .”





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