Pros / Cons Lower startup costs / Isolation Lower fixed costs / Space limitations Tax benefits / Zoning Lifestyle flexibility / Security concerns No commuting / Household ____________ / interference ____________ ____________ ____________ ____________ Note that changes in personal habits will be required.
Examples: Ask family members to comment on pros and cons. Some facts and forms will be needed for your business plan. Other factors including how big can you get without moving ______ ______ The greater the difference between the totals of the two columns, the clearer your decision should be. write out what your decision and the reasons that support it.
It requires both skills in a service or product area and acquisition of management and attitudinal competencies.
The purpose of this home based business plan guide is to help you take stock of your interests, aptitudes and skills and develop a viable home based business plan.
Check the reasons below for and against working at home that apply to you.
List any additional drawbacks or obstacles to operating this business at home.
A logical first step for the undecided is to list potential areas of personal background, special training, educational and job experience, and special interests that could be developed into a business.
Time Management While developing you home based business plan, for both the novice and the experienced business person planning a small home based enterprise, an early concern requiring self-evaluation is Time Management.
Though untrained entrepreneurs have traditionally had a high rate of failure, small businesses can be profitable.
Success in small home based business is not an accident.