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Posts Tagged ‘Business Plan’

Funding Your At-Home Business

Funding Your At-Home BusinessBy Deborah Sweeney

Funding for any kind of small business is challenging. Though, it can be daunting to ask for money when you know you’ll be running the entire operation from your domicile. But I’m here to tell you to get that thinking out of your head! If you’re not spending money on office rent or paying a large number of employees, there’ll be less money to borrow, and, ultimately, less money to pay back.

Here are four ways to gain the funds you need to open up your at-home business:

Put a lot of thought into your business plan.

Just because you’re not in a formal office doesn’t mean you get to draft up a casual business plan. Investors will always feel more comfortable giving money to a strong, well thought out business plan. A good investor shouldn’t care about the type of office you’re in, they should be concerned with your short-term and long-term goals, and how you plan on meeting those goals. Simply do a quick Google search for “Business Plan Templates” and take your pick. Fill it out thoroughly, and give it the time it deserves. Not only is a good business plan a great tool for gaining investors, it’s a great tool for keeping you as the business owner on track and striving for your starting goals. (more…)

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How to Find Your Business Idea in a Weekend

How to Find Your Business Idea in a WeekendBy Olivia Angelescu

Just like Agatha Christie, one of my favorite fiction writers, once said, The secret of getting ahead is getting started”. In order to build a successful business, you first have to find that business idea which seems just perfect for you: one that would build up on all the things you enjoy doing while allowing you to reach and even exceed your financial goals.

Many people who want to have their own business, tend to allocate too much time to the choosing-the-business-idea phase, thinking that this stage is the most crucial one. Actually all the phases of setting up a business are equally important, but we will definitely gain a lot more clarity out of doing and implementing than out of mentally playing with ideas.

Sometimes, especially when preparing for adventures (like becoming a new entrepreneur), we can get stuck in the preparation phase, trying to reach the perfect starting point. While this is normal, it can also become inefficient, as it can easily postpone the launch of our business.

Now, I am not telling you that you shouldn’t be serious about choosing your business idea. But you should not allocate a lot of time (more than a few days) to this if you don’t really need to. Of course, it is easier said than done, but this is something you can achieve if you have a good system for it. And this is exactly what I will give you in this article. (more…)

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How to Launch a New Home-Based Business

How to Launch a New Home-Based BusinessBy Holly Reisem Hanna

When I became pregnant with my daughter, I was 99% certain that I would want to stay at home with her. To prepare for this journey, I immediately started saving the majority of my paychecks so that I could enjoy this time off comfortably. Luckily, my husband covered our healthcare benefits with his job, so when the time came to quit my full-time nursing gig to raise my daughter, the transition was an easy one.

But after nine months of play-dates and a dwindling bank account, I felt the urge to exercise my brain and more importantly, add some cash flow to my checking account. At the time, I had no idea what I wanted to do; I just knew that I wanted to work at home while caring for my daughter.

I searched high and low looking for work at home opportunities, only to be frustrated and disappointed by the number of scams that were out there. While this was my light bulb moment for my blog, The Work at Home Woman, I still needed cash coming in and a source of money to fund this endeavor. (more…)

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Business Obligations and Handling a Loss in the Family

Business Obligations and Handling a Loss in the FamilyBy Carole Bennett

My grandmother was a remarkable woman; she witnessed nearly a century of human events, including some of the most dramatic changes in human history, while always continuing to stay connected and relevant to the present. She was the first entrepreneur in our family; in later life, during a time most people are enjoying retirement, she created a small business, decorating tables and providing catering setups for special events – while managing to be a quarter-century breast cancer survivor. Somehow, she also still managed to find time for family and one of her favorite pastimes, embroidery – I still cherish the peacock embroidery she did for me.

One of her secrets to success was an innate ability to prioritize, and stay prepared for all eventualities. She embraced life and held a deep regard for the joys of living; however, she was still mindful of the certain eventuality of her passing. She took great pains to ensure everything would go smoothly when her time came, planning details with family members and care providers – nothing left to chance. Now I’m preparing to say goodbye, and in the quiet hours before, reviewing all the arrangements I’ve made for the impact of her loss on my own small business.

Keep Clients in the Loop.

With today’s longer lifespans, it is more likely that a work at home woman will be a member of a “sandwich generation”, with dual responsibilities of older family members and younger. (more…)

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Why Write a Business Plan?

By Dawn Berryman

Now that you’ve decided to take the plunge into business ownership, you need to organize your thoughts and put your plan down on paper. Writing a business plan can be intimidating but it is definitely a necessary step.

There are many things that will affect your plan and the way it evolves and grows over time. Like a marketing plan, a business plan is a fluid document. Meaning it will grow and change as your business grows and changes. Over time, it’s important to keep your plan up to date because it’s a crucial reference tool. (more…)

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