Home Business Startup Guide (MRR)

Getting Started:
 

• Working from home: The pros and cons

• Is it legal where you live? Do you need a license? How to find out

• Researching and developing your idea

• Identifying - and understanding - your competitors

• Preparing yourself for business - mentally, financially, physically

What You Need - And Where To Find It:
 

• Creating "The Plans"

  • Your business plan

  • Your marketing plan

  • Your disaster plan
     

• Finding the money you need

  • Borrowing

  • Venture capitalists

  • Financial "angels"

  • Government and private grants
     

• Creating your company

   

  • Choosing a name

  • Choosing a legal form - Sole proprietorship, partnership, corporation

  • Know the law
     

• Work where you live - but don't live where you work

   

  • Creating a work area

  • Furniture, hardware, software

  • Keeping personal and business lives separate

  • Dealing with family, friends and neighbors

  • Workplace safety is still important

  • No more water cooler chats or "let's grab lunch" socializing
     

• Surviving the financial strain- and knowing the costs

  • Paying yourself

  • Setting reasonable prices
     

• Advertising and marketing
   

• Trademarks, copyrights and contracts
   

• Accountants, programmers, website designers and more
   

• The art of e-commerce
   

• Privacy policies, terms of service, customer rights and other legal stuff

  
   

Bringing It All Together:
 

• Cashflow - when it's good, when it's not

• When customers complain

• Keeping customers happy, loyal and coming back

• The taxman cometh

• The Top 5 first-year mistakes

• Knowing what you're doing right, what you're doing wrong and what to do next
   

Success:

• Planning for growth

• Hire staff - or outsource - or partner?

• No more paid vacations

• If it all goes wrong: Don’t rush to bankruptcy

• If it all goes right: The exit strategy (aka, Retirement)