A Beginners Guide to Starting a Home Based Business

There is no one reason for starting a home based business. Some people don’t want to dance to the tunes of others (which most of the employers feel they have the right to do so), lack of job security or some family reasons. As a beginner, some of the people find it difficult to set their first step right. So we have come up with a beginners guide to help you establish yourself.

You have to take care of many important aspects like setting up the goals, prioritizing the work, time management, fund management, social networking etc. Lets have a look on what all is required to be successful in home business.

Numerous web designers dream of the day when they can leave their sterile corporate work places behind them, by branching out for themselves with a home based business.

Unfortunately, the reality is that whilst most people will be experienced enough to begin working as a freelance web designer, many find themselves lacking the wide range of unrelated skills (such as accountancy, IT, marketing, etc), which are necessary for overcoming the various obstacles that will crop up in the course of running a successful business.

However, as long as you can identify your own potential areas of weakness, they don’t need to stop you from achieving your goals. As even when working alone from home, there are different outsourcing services and useful resources available to help freelancers overcome their problems. Some of which are outlined below.

Administrative Aides

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Unless you used to work in the admin department of a large business, chances are you vastly underestimate just how much work goes into ensuring the smooth running of a web design business.

There is the small but vital pieces work standard admin departments do, like dealing with basic inquiries, scheduling, filing and the like. Then there is the really important work they do, like raising of invoices, working out estimates and other tasks relating to accountancy and bookkeeping.

If you’ve got a head for figures and a good command of the various software packages (such as QuickBooks) and websites (such as FreshBooks) available for dealing with bookkeeping, it’s possible that you may be able to handle it all yourself. Though it is a lot easier to delegate this work out to a third party.

The best way to deal with financial records is to hire a Certified Public Accountant, as they will not only be able to help you deal with your invoices and tax returns, but they should also be able to provide a wealth of useful business advice that will help you grow your company. Local business directories are normally the best places to find contact information for a CPA in your area, though if money is particularly tight you could try hiring a cheaper off shore accountant from somewhere like Outsourcing.org.

Communication Tools

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When working from home, it is imperative to keep in regular contact with the people who make your business a success. While simple email and internet messaging services will work in some cases, more often than not, you will find that you actually need to speak to various people in order to get things done.

The telephone is the traditional option for handling voice calls, but if your a small home based business who has outsourced various tasks to workers in foreign countries, you may find using a VoIP solution to be a more cost effective option.

With internet based voice services, you can get your own permanent number, have free call waiting, make free calls to other people using the same service and save vast amounts of money on calling phone network in other regions of the world (sometimes as much as 80%). Most services will also allow you to set up a forwarding option, so that you can have business calls routed to your cellphone when you aren’t at home.

Web Presence

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As home businesses don’t have a traditional brick and mortar premises (warning: this link is really funny) for their operations, most find it useful to have some form of web based presence to act as a point of contact for the company.

Obviously, your website is going to be your talents and skills best proof. Make sure it reflects your unique design style and showcases your best work.

Additionally if you want your site to be something other than an extended online business card, you will need to hire someone to actively promote your site. There are various ways to do this, including PPC marketing, e-mail lists, social media and search engine optimization. If those terms don’t mean anything to you and you’re hoping to make money from your website, you’ll need to look for someone to help you with internet marketing.

Merchant Services

Most businesses are going to need to have facilities available for accepting purchases made by credit and debit cards. The best way to do this, is to use some form of online merchant services provider, so that not only will you be able to take orders over the phone, but you should also be able to set up merchant transaction services on your website.

Wise Budgeting

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Everyone’s home business is different. Some people have a room dedicated to their work, others may even have an entire out building commandeered for the purpose, whilst others just use anywhere that has a plug for their laptop. Whatever the scope of your particular business, spending money wisely, instead of blowing it on unnecessary overheads, should always be a primary concern.

You will need to spend money to make money, but that doesn’t mean you shouldn’t shop around to find the best deals. Don’t sacrifice quality for the sake of tiny savings, but do make sure you investigate any outsourcing opportunities thoroughly, so that you are getting good value for your money.

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