Starting a new business and want to know where to begin?

Here are a few tips you need to know.

Starting a new home business cost money, also known as an investment. You will be charged for the following items that will be necessary to run a business from your home:

Business License
LLC or INC License
Furniture-Desk, Lamp, Chair, Accessories
Equipment-Computer, Printer, External Hard Drive, Calculator, File Cabinet, DVD/CD Burner
Supplies-Paper, Pens, Pencils, Pads, Rolodex, Files, Blank Disks, Tape, Stapler, Mailers, Desk Calendar or Organizer, business cards

Those are the basics that you will need to get started. You will need more equipment and or supplies depending on the niche market you are targeting.

How can I do this without money? You can't. The myth that you can start a business in 20 minutes and make money without an investment is just that, a myth.

If you have all of the equipment and supplies you will still need to purchase, your business license, website site hosting and marketing materials.

How much should I look forward to spending to get started? Depending on what you currently have, for instance, let's say you already have the office furniture, equipment and supplies. Then you would be looking at spending approximately $500.00 for your business license, website and marketing materials.

This does not include software upgrades, if you are still using MS Office 2003 or later.

What do I need to start a home based business other than the equipment and supplies? You will need to learn what it takes to become a home based business. I recommend starting with some online education that is targeted toward your type of home based business.

How much does this cost? This is not monetary, unless you are not interested in researching for yourself. If you decide that researching is not what you want to do then you are looking at spending $600.00 or more in learning how to run a home based business.

What if I do not have the money to do all of this, what are my alternatives? The alternative would be to work under a company already established. This is known as sub-contracting.

If I do sub-contracting work, how does that help me? By sub-contracting, with a well established company, you will learn what it takes to work from home as well as what you like to do the most while working at home.

Not everything you want to do will be what you like to do.

Why is what I like to do so important? If you are doing what you like to do, such as, teaching, typing or selling then you will be working for yourself for a very long time. If you are working from home and do not like the work, how long do you think you would last? It is estimated that home businesses close down within the first year because they ended up doing work they did not like.

Why do I have to know all of this to get started? It is important to know the basics of opening a home based business. It is also important to understand that working from home can be rewarding as long as you understand that there is an investment involved in opening your home based business. When working from home you will be required to invest money and time. As the old adage goes, "Time is Money".

Calculate what you will want to charge per hour. We will use $25.00 per hour for this example. If it takes you 5 hours a day, 5 days a week, for 6 months to research and plan your business, then you have just spent $15,000.00 on your new home business.

To finance your new home business is an investment in that business.

There is no such thing as a "Get Rich Quick" home based business.

Andrea Jackson, Owner of Action Jackson Virtual Assistant

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