All businesses require basic procedures be completed before they can be considered official. Home-based businesses can center their operations around most anything: programming, consulting, jewelry making, and even window repair. The real key to success is making sure that your small business is well-grounded. After all, the last thing you want is for your business to take off and then realize that you are not protected. Rather than try to find these answers on your own, we’ll provide you with general guidelines on steps to take to get your business up and running.
Are you planning to open a home based business? If so, start by giving yourself a pat on the back – not many people have the discipline or courage to tackle the world of entrepreneurship head on! With that said, you absolutely want to be prepared wherever possible. In the following guide, we’re going to walk you through the exact steps that you can follow when starting a business from home.
For a company to be both sustainable and successful, it needs to have a very efficient accounting and bookkeeping system in place. According to the National Federation of Independent Businesses (NFIB), approximately 30% of small businesses don’t survive their first two years, and another 50% don’t survive their first five . Don’t allow yours to become another statistic. Use this basic bookkeeping checklist as your guide to ensure that your small business continues to operate efficiently for years to come.
A certificate of insurance shows proof to a third party that your home based business has obtained insurance coverage. This is one resource you should absolutely invest in, and here’s why: let’s say that you’ve landed a new client and are eager to start working. However, before you can begin, the client requests a copy of your insurance certificate. Don’t have it? Then you may have just lost that client forever.