Putting up a home-based business is one of the best decisions you can make. In fact, according to the Small Business Administration, 52 percent of all businesses in the U.S. are home-based. There are many advantages in starting one, from more tax benefits to lesser commute time and flexible work hours. Here then are some tips for those keen on beginning this entrepreneurship.
First is to use free or low-cost services that will lessen your monthly overhead. Even though working at home already saves office-space rent, using, say, Google Voice for your business line instead of getting a new landline helps a lot in cutting down on bills. Another option is using cloud-based software like FreshBooks for accounting or Wave Accounting for invoices.
You should also join professional groups of like-minded people who can give you advice and tips for your home-based business. You don’t have to limit your social interaction when doing work at home; these groups help gain you connections and spread the word about your product or service.
Another sound advice is to outsource jobs to further free up your time. Though most home businesses begin as a one-person work, you’d need to hire a helping hand as your business grows. Consider looking online at sites like PeoplePerHour or oDesk for affordable freelancers and independent contractors. Of course, during the lean months, you can save money and just do the work yourself.
Finally, you’d have to shell out some money for marketing. It’s understandable that you’re trying to be thrifty, especially at the beginning. But don’t skimp on marketing as a quality campaign can lead to huge returns.
Dougherty Marketing helps people unlock opportunities for success with mentorship and training services for improving entrepreneurial and leadership skills. For more business tips and insights, visit this blog.