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Owning your own business is part of the Australia dream but to many, the cost of starting a new business can be a major obstacle. However, starting your own business doesn't have to be an idle dream. You can make it a reality by joining the one million small business people who operate their business from home.
A home-based business is one of the cheapest and most effective means of starting a new business and in fact, home-based businesses account for two thirds of all small businesses in Australia. And home-based businesses aren't just "second-best". They are successful operations which often become the springboard for bigger and better things. Many conglomerates started out as home-based businesses such as Hewlett-Packard, Apple Mac and even Richard Branson's Virgin operations.
One of the many advantages of a home-based business is its versatility. The types of businesses which can be run from a home are virtually limitless and are only restricted by your imagination and certain local council health and safety regulations.
However, to start a successful home-based business, like any business, you need to ensure you plan for all eventualities and have the most up-to-date, accurate information on what it takes to start and operate a home-based business. That information is now at your fingertips with EBC's latest release - Starting a Home-Based Business .
This is the ideal guide for anyone who has ever thought about starting a business but didn't know where to start. Most people would prefer to start their business from home but they are not sure what is involved and the rules and regulations they should be aware of.
You also need to be aware of the different types of research you will have to conduct, to ensure your business is viable. While location is not a consideration, you will still need to focus of your target market and who will be your customers in order for your business to a success.
Of course, there are some businesses which are more suited to a home environment than others, just as there are some people who don't have the right personality to work in an unstructured environment. As a result, you will need to not only evaluate the type of businesses you want to start for its suitability but also whether you have the personality traits which make up a successful home operator.
This guide covers all that and more. Split into 14 tabbed sections, it contains over 235 pages of essential information on:
- What are the popular home-based businesses
- Do you have the right personality to work from home?
- How to manage your time, stress and family concerns
- How state and local government regulations will affect you
- Location factors to consider when setting up your home-based business
- How to put a price on your products and services
- If you can hire staff if you are working from home
- How to generate business
- Direct marketing techniques that work
- How to promote your business on the Internet
- Which business licences and permits will you need for a home-based business?
- Tax implications for a home-based business
- How to work out how much start-up money you will need
- Where to find information on grants available to small businesses. Plus much more.
The guide also comes complete with bonus financial software ($105 value) to help ensure your home-based business will be successful and profitable. With the capacity to manage up to two years of financial forecasts, the software can be used not only when starting your business, but also for your ongoing budgeting and business planning needs. It will help you prepare pricing strategies, accurate cash flow projections, sales forecasts, profit & loss statements and balance sheets.
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