Wednesday, October 11, 2006

Do not pay upfront fee for getting work / home based business

The phrase "you have to spend money to make money" should have you running for the cellar, the bomb shelter, the hills, or wherever. Just run from it, because if you don't you will end up in the poor house. Real companies do not require you to pay upfront for materials that you will need in order to work for them. If anything, they should be willing to deduct any costs from your first paycheck, if there is ever really going to be one. There are few exceptions to this rule, very, very few.

Home based business for women

What would you consider to be a womens home based business?

Sewing, knitting, arranging parties for selling candles or cookware – yes these are some examples of good ideas for a home based business for women. Women can also work at home as travel agents and enjoy good salaries and big travel discounts. They can be writers for web site content or sell their own products online.

Outsourced Editorial Services

Chronic margin pressures are prompting publishers and other content providers to seek effective ways to reduce operational costs. At the same, users are demanding more value from content products. The times are indeed challenging.

Outsourced Editorial Services Include:
Content Creation
Content Enhancement
Research & Data Mining

You have the freedom to put off work until it never gets done.

With so much flexibility in time it’s very easy to become the ultimate procrastinator. Those lunch hours never get made up, sleeping in makes dinner time come all too quickly, and who can work after dinner with TV shows and going out? Sure things are still getting done, but can your business really survive when you’re putting in 4 hours of interrupted work into it?
Striking that balance between living and working at home is something that will take time to learn. My own experience working from home has taught me a lot about how to make this challenging environment productive and and perhaps this experience can help you get started too. The following is a set of principles I’ve found are needed to get things done effectively, and some insight into achieving them.

Sunday, October 01, 2006

Financial Guide & Planning for your Home Based Business

Estimating Start-Up CostsTo estimate your start-up costs, include all initial expenses such as fees, licenses, permits, telephone deposit, tools, office equipment and promotional expenses.

Business experts say you should not expect a profit for the first eight to 10 months, so be sure to give yourself enough cushion.

Projecting Operating ExpensesInclude salaries, utilities, office supplies, loan payments, taxes, legal services and insurance premiums. Don't forget to include your normal living expenses.

Your business must not only meet its own needs, but make sure it meets yours as well.

Projecting IncomeIt is essential that you know how to estimate your sales on a daily and monthly basis. From the sales estimates, you can develop projected income statements, break-even points and cash-flow statements. Use your marketing research to estimate initial sales volume.

Determining Cash FlowWorking capital—not profits—pays your bills. Even though your assets may look great on the balance sheet, if your cash is tied up in receivables or equipment, your business is technically insolvent—in other words, you're broke.

Make a list of all anticipated expenses and projected income for each week and month. If you see a cash-flow crisis developing, cut back on everything but the necessities

Marketing yourself for your home based business

Marketing yourself. No matter what product or service you sell, you can't just sit back and wait for customers/clients to come to you. You will have to do some marketing to make prospective buyers aware of what you have to offer. Again, the Internet can be a great boon because a Web site is a relatively inexpensive way to sell yourself. Some businesses, though, require a lot more face time and a harder sell, so be sure you have the personality to promote your business vigorously.

Work at Home Idea : Freelancing/Consulting

Freelancers and independent consultants often are self-employed, but they may also be contracted to work for employers, at least for the short term (though usually without company benefits). A freelancer or consultant is closely akin to a home-based business owner, but the product or service sold is generally information or expertise, such as your ability to write, offer business advice, or counsel a business on how to set up a computer network. Freelancers and consultants may not work exclusively from home; in fact, some may spend the bulk of their time in the client's workplace