Note: In part two of our three-part “obtaining financial independence” series, we’ll investigate two methods to launch your online business.
Starting a work at home experience takes a great deal of pre-planning; unfortunately, many entrepreneurs do not take that fact into serious consideration before starting an online business. Before you open your doors to clients, make sure you’ve covered the proverbial “bases” to ensure that your home business is a dynamo and not a dud.
1. Have a Business Plan
If you’ve never written a home business plan before, it’s time to take a course, get a book, or ask someone who has. Your business plan doesn’t have to be extremely detailed; however, it should cover items such as the purpose of your online business, your income/expense projections, and a SWOT (strengths, weaknesses, opportunities, and threats) analysis.
Even a simple 2-3 page home business plan will give you a map to start you on your work at home journey.
2. Scoping Out the Competition
Have you really thought about your competitors? Chances are that in your excitement to set off on your...
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