Home Based Business Pre Start Up List

DJ Laughlin Art

The following items will give you an idea of the issues you will need to consider, and the steps to take in order to start your own home based business.

• Attend Business Start up classes and workshops
• Identify market
• Check for availability of your chosen company name
• Research market
• Research your industry and the competition
• Research potential vendors and suppliers
• Inventory control
•  Research and analyze the location and space for the business
• Pricing
• Ability to raise capital
• Determine start-up and operating costs
• Assess the ability to make the business profitable
• Assess financial position and resources
• Determine potential sources of financing (self, friends, family, equity, debt)
• Calculate and prepare revenue and cash flow projections
• Find an attorney, an accountant, and an insurance professional
• Personal liability of owner
• Control of the business
• Marketing plan
• Service plan
• Continuity of the business
• Tax considerations
• Choose the legal form of your home based business.

Choosing the Legal Form for your Business

One of the most important decisions that organizers of a small business enterprise must make is whether to set up the business as a

• Sole Proprietorship
• Partnership
• Corporation.

A comparison of the advantages and disadvantages of these three major forms of business organization follows: 

Read on: Amazon 101-A-Pet-Sitting-ebook