The Home Based Business Plan

 The Home Based Business Plan

 the-home-based-business-planComplete your home based business plan before you get too involved in your new business. Many entrepreneurs take business plans too lightly.
• A business plan should be a living document that you both use and learn from.
• A business plan is a promise to yourself; if you don’t know where you’re going you might not get there.
• A business plan forces you to evaluate if your product or service will satisfy a need. It provides a roadmap to operate your company.
Research is an essential part of the planning process. While it may seem time-consuming, it is a wise investment of time and will prevent problems down the road. To help gain experience you could volunteer at a local veterinarian’s office. You will see how pet owners react to leaving their pet in someone else’s care, and you will also learn first aid procedures. Work for another pet-sitting company and learn the strengths and weaknesses of that company’s system. Experience is of the utmost.
The following pages will walk you through preparing the professional pet-sitting business plan.
Start up Resources
Small Business Administration program is designed to help small businesses succeed and offers many resources. Please contact the Small Business Administration “S.B.A.”, Answer Desk at 800-U ASK SBA or
http://www.sba.gov/.
SCORE helps small businesses succeed. SCORE “Counselors to America’s Small Business” is the best source of free and confidential small business advice to help you build your business—from idea to start-up to success. SCORE’s extensive, national network of 10,500 retired and working volunteers are experienced entrepreneurs and corporate managers/executives. These volunteers provide free business counseling and advice as a public service to all types of businesses, in all stages of development. SCORE is a resource partner with the Small Business Administration.
www.score.org
Internal Revenue Service offers small business and self-employed online classes on a variety of topics for small businesses. Employment Taxes, Employer ID Numbers, links to broad range of resources across federal and state agencies.
www.irs.gov/businesses/small/index.html
Your state web site may offer everything you need to know about starting, and operating, a business in your state.
Not understanding the law does not exempt you from penalties and interest charged by federal and state agencies if you do not follow the rules. Save time and money by understanding employment taxes both Federal and State for your business.
Create a monthly, quarterly and yearly check list or reminders system for federal and state due dates. All forms to Federal and State agencies being sent by US Mail should be sent certified to avoid receiving late fees years later. Always place your Employer ID or Federal ID number, with the form number and due date on all payments made by check even if sent with a form!
Additional Resources:
Nolo-Law for All
For over 30 years, N.O.L.O. has published the most reliable do-it-yourself legal and business tools available. N.O.L.O.’s more than 300 books, software and eProducts are clearly written and regularly updated. These products help you understand and tackle your affairs without hiring a pricey professional.
Entrepreneur.com A tool designed to save you the time and expense of creating business documents from scratch. You can download and customize each form according to your needs, and immediately put them to work in your business.
http://www.entrepreneur.com/
CPA Directory. Nationwide directory of Accountants, Bookkeepers & CPAs. CPA license verification, Information on Tax & Accounting issues.
http://www.cpadirectory.com/
Information for the Legal form of your  Home Based Business

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About Debbie June Rickman Laughlin

Wrote 101-A: Pet Sitting Business "Work Book To Conquer Success", http://101PetSitting.com to help others in the industry, Founder/ CEO of House Calls Pet Sitting and Home Care Services. Established 1981 and still going strong, http://housecalls4pet.com. To relax I do Photography and Painting. View, and Purchase my art at: DJLaughlinArt.com.

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