Thursday, August 26, 2010

Home-Business Survival Tips

Here are a few pointers to keep in mind as you launch your business and to ensure you stay in business:

*Learn all the pluses and minuses you can about the business you are starting.

*Be legal. Know the licensing and zoning requirements, certifications, inspections, and other regulations that apply to your specific business. Ignorance will not suffice for defense should you fail to comply with regulations.

*Monitor your business’ financial matters and use software to track your cash-flow, expenses and income, on a routine basis.

*Create a workspace that is functional and separate from your home life.

*Review your business plan periodically to analyze your venture’s progress, direction, and achievement of goals.

*Reward yourself (and your family) for both small and large accomplishments to stay motivated and demonstrate you appreciate your family’s support.

Suggested Additional Reading:
Article: "20 Start-Up Secrets for Your Home Business"

Next: 5 Home-Based Businesses with Low Start-up Costs

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