4 Things You Need to Know Before You Start a Home Business

If you're thinking about starting a home business, thanpick-up truck or two, and various pieces of equipment
this article is a must read for you. Working from homeand supplies. If you're constantly going back and forth
can be an excellent way to earn a living. You becomebetween jobs, changing loads and tying up local traffic
your own boss and gain a sense of independence,-- it's likely that sooner or later, somebody is going to
although that independence comes with a greaterregister a complaint. The less noisy and visible you are
degree of responsibility. When you set up shop atwith your home business, the better it is for you and
home, you avoid the daily commute, rush hour traffic,everyone nearby.
office politics, and working with people you don't4. Set aside a specific room (or more) inside your
particularly care for.home and designate that room for exclusive business
But before you launch your new home business, youuse only.
need to be aware of the realities. Here are 4 thingsThere are two reasons for having a separate office.
you need to know before you start a home businessThe first reason is to keep you on track. When you
of any kind:step into your office, get in the habit of being "all
1. Setting up a business of any kind requires registrationbusiness". Forget that you happen to be at home and
and perhaps licensing for the purpose of collecting andmake the distinction whenever you set foot into your
remitting sales tax on any goods sold. Even if you'reoffice or workshop. You'll be far more productive this
opening a tiny part-time micro-business, do so with theway.
intent to grow it into a thriving enterprise and getSecondly, a separate work space allows you to claim
started on a solid legal foothold from day one.that space (and usually many of the associated costs)
2. Check with your local municipality about bylaws thatas a business expense for income tax purposes. If
could affect you. Having a crafts workshop in youryou operate from your kitchen table and toss your
basement and selling your wares at travelling craftreceipts in a spare drawer, you'd be hard-pressed to
shows and fairs might be perfectly acceptable. Butclaim your work areas as a legitimate business
setting up your front room as a retail store probablyexpense.
isn't, without the appropriate zoning in place.When you start a home business, do so with the
3. Respect your neighbours and neighbourhood. Thesame intensity and focus as you would if you spend
last thing you want is to draw the wrong kind ofseveral hundred thousand dollars on a fast food
attention to your business. If you're starting a homefranchise.
business in the landscaping field, you' likely have a