HOW TO START A
SUCCESSFUL HOME
BASED BUSINESS
November 14, 2010
What do you want to do?
• Identify the PASSION
• Do your what you are GOOD at
• Business
• Hobby
How do you Start
a Home Based Business?
• Set up an office with desk, chair, and file cabinet
• Use your cell phone (chang...
Where should You Start Your Business?
• Obviously, at home!
• Separate room with door is preferable
• Set hours, especiall...
When is a good time
to Start a Business?
• Write a BUSINESS PLAN
• Have some monies set aside
• Network like crazy
• NOW i...
Why Start a New Business?
• Freedom
• No limit on how much money you make
• Choose clients
• Set own hours
Resources to get you Started
• Talk to Friends and Family – get their support and input
• Go and see SCORE
• Register your...
Set Goals
• Have a Yearly Retreat with a Revenue Goal
• Set Monthly Goal
• Number of Calls
• Revenue Objectives
• Set Week...
Biggest Problems with Small Business
• Pipeline
• Keeping Clients
• Too Many Clients
• Need to have Subcontractors
• Be ho...
What about Pricing?
• Figure out Your Total Costs
• Figure out Your Value
• Certifications
• Education
• Knowledge
• Don’t...
What about Pricing?
• Figure out Your Total Costs
• Figure out Your Value
• Certifications
• Education
• Knowledge
• Don’t...
What about Promotion?
• Business Card is Must Have
• Dedicated Phone with messaging
• PO Box
• Website
• Email Address tha...
Upcoming SlideShare
Loading in …5
×

How To Start A Successful Home Based Business

266 views
232 views

Published on

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
266
On SlideShare
0
From Embeds
0
Number of Embeds
7
Actions
Shares
0
Downloads
2
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

How To Start A Successful Home Based Business

  1. 1. HOW TO START A SUCCESSFUL HOME BASED BUSINESS November 14, 2010
  2. 2. What do you want to do? • Identify the PASSION • Do your what you are GOOD at • Business • Hobby
  3. 3. How do you Start a Home Based Business? • Set up an office with desk, chair, and file cabinet • Use your cell phone (change messaging) • Create business cards • Network like crazy and pass out the cards • Consider whether you are going to do this • PT, FT, as a hobby • If giving up job, old employer might be a good start
  4. 4. Where should You Start Your Business? • Obviously, at home! • Separate room with door is preferable • Set hours, especially if have family • Try to not take calls after hours • Set up PO Box for Privacy
  5. 5. When is a good time to Start a Business? • Write a BUSINESS PLAN • Have some monies set aside • Network like crazy • NOW is the perfect time
  6. 6. Why Start a New Business? • Freedom • No limit on how much money you make • Choose clients • Set own hours
  7. 7. Resources to get you Started • Talk to Friends and Family – get their support and input • Go and see SCORE • Register your Business Name with the State • Create a Website • Put together Prospect List • Join Linked In and Start Calling Prospects
  8. 8. Set Goals • Have a Yearly Retreat with a Revenue Goal • Set Monthly Goal • Number of Calls • Revenue Objectives • Set Weekly Goals • How many phone calls do you need to make? • How many appointments? • Close Ratio?
  9. 9. Biggest Problems with Small Business • Pipeline • Keeping Clients • Too Many Clients • Need to have Subcontractors • Be honest
  10. 10. What about Pricing? • Figure out Your Total Costs • Figure out Your Value • Certifications • Education • Knowledge • Don’t Settle for Less • Worst Case: Break down current hourly salary and add 33% for benefits
  11. 11. What about Pricing? • Figure out Your Total Costs • Figure out Your Value • Certifications • Education • Knowledge • Don’t Settle for Less • Worst Case: Break down current hourly salary and add 33% for benefits
  12. 12. What about Promotion? • Business Card is Must Have • Dedicated Phone with messaging • PO Box • Website • Email Address that isn’t goofy • Use Google Analytics to Measure Goals • Join Professional Associations that make Sense

×