An increasingly popular option for people these days is starting a home-based business. The reasons for this development range through loss of a job, disenchantment with an existing job, the need to obtain additional household income, the desire to spend more time with the family through to the aim of securing an independent lifestyle. Whatever the reason, people see a home based business as enabling them to achieve their goals and at the same time enjoying the benefits of being their own boss, not having to commute, choosing their own working hours and planning their own work day.However, before commencing a home based business there are some important considerations that you need to think through.1. If I am going to keep my current job, at least as a starter, when will I find the time to build my home based business? How many hours each day can I put aside and use in my business endeavours? Can I work early in the morning or at the late evenings? Maybe at the weekends?2. Do I have a suitable room or place for my home business? Can I work uninterrupted? What about the implications for family members? Will the family members understand what is happening and be supportive. What about the need for things such as child care and supervision?3. How much energy and determination am I willing to put into learning something new, if required? If the basic direction of my home based business is something that I already know of and master, then how about the management of the home business itself? Should I delegate some or any chores, like the book-keeping?4. Do I know how to market my home based business, in order to get people to purchase my product or service? Should I use on-line or off-line marketing, or maybe both? How much money and or time do I need to put aside for marketing efforts alone? What is the most effective way for me to market my home business, within my particular budget? If I plan to do this myself, could I learn something that would make it easier and more effective?5. And, last but not least, how about the money? How do I plan to finance the start? How much money is needed? Do I have most of the equipment already or do I have to buy or rent something? Do I have a business plan?The success of your home business will largely depend on having addressed these important questions before you start.

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