How to start a successful home based business

WHAT DO YOU WANT TO DO?Identify Your PASSIONDo 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 cabinetUse your cell phone (change messaging)Create business cardsNetwork like crazy and pass out the cardsConsider whether you are going to do thisPT, FT, as a hobbyIf giving up job, old employer might be a good start

WHERE SHOULD YOU START YOUR BUSINESS?Obviously, at home!Separate room with door is preferableSet hours, especially if have familyTry to not take calls after hoursSet up PO Box for Privacy

WHEN IS A GOOD TIMETO START A BUSINESS?Write a BUSINESS PLANHave some monies set asideNetwork like crazyNOW is the perfect time

WHY START A NEW BUSINESS?FreedomNo limit on how much money you makeChoose clientsSet own hours

RESOURCES TO GET YOU STARTEDTalk to Friends and Family – get their support and inputGo and see SCORERegister your Business Name with the StateCreate a WebsitePut together Prospect ListJoin LinkedIn and Start Calling Prospects

SET GOALSHave a Yearly Retreat with a Revenue GoalSet Monthly GoalNumber of CallsRevenue ObjectivesSet Weekly GoalsHow many phone calls do you need to make?How many appointments?Close Ratio?

BIGGEST PROBLEMS WITH SMALL BUSINESSPipelineKeeping ClientsToo Many ClientsNeed to have SubcontractorsBe honest

WHAT ABOUT PRICING?Figure out Your Total CostsFigure out Your ValueCertificationsEducationKnowledgeDon’t Settle for LessWorst Case: Break down current hourly salary and add 33% for benefits

WHAT ABOUT PROMOTION?Business Card is Must HaveDedicated Phone with messagingPO BoxWebsiteEmail Address that isn’t goofyUse Google Analytics to Measure GoalsJoin Professional Associations that make Sense

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How to start a successful home based business

by DedeMulligan

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