10 steps to starting your own home business
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10 Steps to Starting Your Own Home Business

  1. Before you start consider your personality, skills and circumstances. Ask yourself if you are suited to running a business. Also consider who will look after your children.
  2. Research your idea thoroughly and test the market to ensure there is a market for your product.
  3. Work out how you are going to finance your business, including set up costs and ongoing costs. Then organise your funds, e.g. loans.
  4. Define your goals and objectives. By completing a business plan or ‘success plan?you will know what you want and need to achieve.
  5. Organise legal and regulative areas, e.g. your business name, ABN, GST, permits, bank details, insurance, trademarks and patents.
  6. Register a domain name and set up a website.
  7. Organise your products so that you have sufficient stock. Tip - never order too much stock in the early days.
  8. Organise your promotional material and marketing, e.g. logo, brochures, business cards, stationery, advertising. Complete a Marketing Calendar so you know how you are going to market your business.
  9. Organise your operation e.g. office equipment, furniture, phone, fax, mobile, stationery etc.
  10. Now you are ready to start generating some sales!

Tip: ensure you have the support network and expert help.

You can download a free comprehensive version of the above from www.mumsinbusiness.net.




Information on this page is sponsored by Mums in Business - providing proven information, advice and support for business mums.



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