Small businesses are typically managed by the people who started and own them. Most of these people had regular jobs with other firms. Owners of small businesses usually take the risk of starting and operating their own business or firms, even if the money they make is less than the salaries they might earn elsewhere in a regular job.
As many as 50 million self-employed Americans run their own businesses from home, and the number is still growing. This change in the workplace is being influenced by increased interest in more flexible work.
Now creative entrepreneurs are starting all kinds of businesses in their home offices. At one time, retailing was the most prevalent home-based business. These days, computer training, financial services and consulting are the most popular.
With today’s technology, you can start small business at home with little more than a personal computer, answering machine and fax machine.
What do you need to know about working from home?
-Network, you should develop partnerships with business owners in related fields, and stay in touch with other home-based entrepreneurs to share ideas. -Research legal requirements, you should check local regulations to be sure you can set up your business at home. Also to find out whether your products or services are allowed at home. -Plan ahead, you should note that small businesses can take as long as eight months to become profitable. Before you open your business, calculate your start-up costs, expenses, potential income and cash flows.
Please visit http://www.sbaonline.sba.gov for more information about starting a home-based business. Mario K. writes on marketing and business related issues. You can learn more by visiting my blog, Work at home for more interesting tips. http://www.sbaonline.sba.gov