Presentation Transcript
How To Start A Home Based Business :How To Start A Home Based Business By Cherie Ang
What should you do? :What should you do? If you have been dreaming and planning to start your own business, you may be tempted to put those dreams and plans aside in the wake of all the terrible economic news you’re hearing on television and radio.
Wall Street seems to be imploding, banks are failing, unemployment is skyrocketing, businesses are laying off workers, and bad economic news seems to be the order of the day.
Your friends and family may be discouraging you from going out on your own right now.
Choose wisely :Choose wisely Take the time to research your entrepreneurial interests carefully, test your market, and make sure you have the necessary capital, and try, if you can, to start out on a small scale or part time before committing full time.
Take stock of your current skills, talents, and credentials :Take stock of your current skills, talents, and credentials To get going with the most momentum, you should look for opportunities that are related to your professional experience or some area that you already know well so that you don’t have to start at the bottom with both knowledge and contacts.
Misfortune creates opportunity :Misfortune creates opportunity Sadly, this is very true. After a hurricane devastates an area, for instance, there is tremendous opportunity for builders, carpenters, and anyone who can help those home and property owners who want to rebuild and repair and get back to normal again as soon as possible.
Look for Trends :Look for Trends One way to look for opportunities is to consider trends in society.
Good Expenses…Bad Expenses :Good Expenses…Bad Expenses Starting a business in tough times, you should avoid unnecessary costs until your cash flow is sustainable.
Work from home and use public places for meetings whenever possible to avoid the cost of renting space.
Use furniture and equipment you already own instead of buying or leasing new, and if you must have something else, look for used equipment.
Avoid expensive marketing and try to turn your customers into marketing ambassadors by making them happy and rewarding them for referrals.
Slide 9:Yes, times are tough, but with the right attitude and some serious thinking and research, it could be the best time to start a new business.
By Cherie Ang :By Cherie Ang http://newsletter.sgprofitsite.com