Just one of the advantages of starting a home based business is that it usually cost less than starting a business that requires office space or other facilities. Most people are already paying for a home or apartment anyway, so starting a business from that location entails very little extra overhead.
Aside from eliminating the need to pay for office space, warehouse space, a restaurant, storefront, etc., the average home business also typically requires a much smaller starting investment. This is especially true of network marketing, where most business opportunities cost under $1,000 to get started in, though some network marketing opportunities do cost more.
Some home business opportunities involve an initial cost well under $100, and may even advertise free signup.
Unfortunately, the lure of such low entry costs often causes people to overlook the bigger, long term picture.
This short article will cover three areas regarding budgeting that many people commonly overlook:
1) Make sure that you understand the total direct startup cost. Direct is defined here as what youll pay to the company you are signing up with.
2) Learn and...