November 12th, 2013

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by Lesley Pyle, MSc.

1. Find what you LOVE! You need to enjoy what you do. It sounds basic, but long term success is hard to achieve if you do not have a passion for what you do. Make a list of things you love to do and brainstorm with family / friends on home businesses that may fit well with your passions. Search the internet for home business ideas.

2. Determine if your home business should be an LLC, incorporated, S Corp, partnership, etc. and register your company. Click here for information from the SBA.

3. Establish a good relationship with an accountant to guide you on the tax advantageous of working from home, whether you should be collecting sales tax and paying quarterly taxes.

4. Create a well thought out budget to help prevent financial surprises.

5. Track all business expenses no matter how small they seem. It all adds up at the end of the year.

mom work at home6. Make a goal of doing “X” amount of marketing per day, whether it is via e-mail, blog posts, article writing, social networking sites, thank you notes or phone calls.

7. Keep a notebook in the car to track your business miles and keep track of expenses.

8. Create a work schedule for you and your family to reduce chaos and provide structure. You will know when you need childcare and your family knows when you should not be disturbed so you can focus on your business.

9. Consult with your insurance agent to determine if you need to obtain business insurance or if your homeowner’s policy is sufficient.

10. Invest in two hours of an attorney’s time which can save you thousands down the road.

11. If you plan on getting a business loan, you will need to create a business plan. Even if you are self-financing the business, a business plan is a great way to analyze all aspect of your business and help to keep you on track.

12. Seek out resources such as HireMyMom.com to help you with outsourcing duties such as virtual assistant, web design and marketing. You do not need to be a one women show or re-create the wheel for tasks you are not experienced in.

13. Develop contingency plans. Who will get the kids from school if they get sick, what if your computer crashes, a customer needs a last minute job completed? Who will you call?

14. If you are not computer literate, take classes online or at your local community college. Your computer will become your life-line to the world and your backbone for marketing and communicating with customers.

15. Research, research, research. Whether you will be working for someone else or starting your own business. Do your homework to make sure the company is legitimate or your idea for your business really does have a viable market.

16. Maintain a professional image with your voice mail, email, social networking profiles, website and written communications. You want to build confidence in your work with your current and potential customers.

17. What are the expectations of your family? Are they willing to sacrifice financially while you get your business up and running? Is your family able to provide you with quiet time when needed to focus on your business?

18. Find another work at home mom or home-based entrepreneur and pool your marketing contacts or even offer to swap child care duties.

19. Make sure you take “you” time. It can be all-consuming taking care of your family and your home business. In order to be successful, you need to have balance in your life.

20. Make your office look and feel like an office to keep you in the business mindset.

21. Working from home can be lonely, so create a social network outside of the home for support and sharing of business ideas.

22. Get yourself dressed and put together every morning before your work day begins. It puts you in a working frame of mind and also allows you to be prepared in the event a customer wants to meet with you at the last minute.

23. Be honest with others when they ask you to help them out. Some people think that because you are home, you have endless amounts of free time.

24. Celebrate small successes whether it’s dinner out, date night, girl’s night out or a day at the spa. Celebrate your successes!

25. Recipe for an entrepreneur: Take your dream; add a lot of hard work, a dash of creativity, and a gallon of perseverance. Bake it in the oven and see it rise to success!!

 

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Lesley Pyle is the founder and president of HBWM.com Inc. which includes the national association of Home-Based Working Moms helping moms network, learn and grow in their role as a Home-Based Working Mom and HireMyMom.com connecting at-home Mom Professionals with home-based jobs and projects in virtually every career field.

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