Nov 25 2008
Small Business: Are you prepared to sustain a small business?
What type of business can someone start that does not require a large investment in time, money and space?
That is a question asked by anyone that needs to earn income from a place that provides freedom of a time clock.
A service business:
· Administrative assistant
· An online virtual assistant
· Answering service
· Lawn mowing
· Alterations
A crafting business:
· Scrap booking seminars
· Craft shows
· Woodworking
A customer service business:
· Bookkeeper
· Phone tech
A Home party business:
· Tupperware
· Clothing
· Cooking
If you plan to start a small business you need to ask yourself a few questions.
· Am I willing to do work long hours to get this business off the ground. Most small businesses do not last the first five years.
· Do I have family support from my family? Spouses and children have to understand that you will not always be available even though you are the boss.
· Do you have sufficient assets to carry your family through lean financial times? In the beginning most of your profit will probably be turned back into the business.
· Can I handle all of the work – including bookwork – myself or will I need one or a few employees?
This is only meant to give you some things to think about before starting a small business. Of course there are many other things to consider before getting yourself committed. Step back and take inventory of your idea, your finances, your space and your abilities. If you are still excited – go for it.
