PLEASE WELCOME MY GUEST KIM SPANGLER.....She is an author and stay at home mom who runs her own businesses. Today she offers some great suggestions for parents who need to stay at home caring for an ill child, but still need an income.
Visit Kim's blog and website often for more ideas about working from home. Give yourself permission to explore the new possibilities. Thanks, Kim for the good ideas.
Starting a Home-Based Business – A Potential Solution?
The responsibility of caring for a sick loved one can be overwhelming, to say the least, not just emotionally, but financially as well. Many caregivers are put in the position of having to choose between their family and employment. In this day and age, working from home or starting a home-based business may help alleviate this worry.
3 Quick Tips to Help You Get Started…
Put a Budget in Place. Know how much money you need to be bringing in each week/month, how much basic necessities are (keeping in mind rising fuel and food prices!) and how much available cash there is for business start-up costs and living expenses until your business takes off.
Research Your Market. Even if you are working in the field you want to launch your business in, research the market to determine the potential for success in an entrepreneurial capacity. If it’s a new market, research is even more important. How are your potential competitors doing? Is there room in your local market, or will you have to go global? Should you stick with conventional services, or should you specialize, or even expand on an idea or service? These are just some of the things to explore when doing market research.
Start Locally. The Internet is a remarkable tool, but when launching a home-based business, one of the best places to start is in your local community. In addition to cold-calling (typically not a favorite), look in the phone book, let word-of-mouth work for you (tell everyone what you do), and leave business cards around town. Your former employer may even be willing to be your first customer. It never hurts to ask!
Always over-deliver to your clients. Whether you are local, working face-to-face, or global, communicating online, remember you are typically not the only available game in town. As a home-based business owner, if you consistently deliver quality products and services at rates your clients consider to be reasonable, you’ll not provide them with reason to look for another source!
These tips offer a very rough outline to get you on the road towards freedom from the confines of an often inflexible 8am – 5pm (or whatever your schedule) job. Remember, before you take that first step, develop a plan of attack. A budget, an understanding of your target market, and idea of where you’d like to take your business are tools necessary for a successful home-based business!
Kim Spangler is a freelance home-working mom writer, specializing in parenting, women and mom topics. Visit her blog at http://p3mom.wordpress.com/ to glimpse into her world of being a work from home mom, uncover tips about blending family and a successful home-based business, building a home-based business and to share the often unique experiences that only another mom immersed in the day-to day life could understand. Kim is currently working on her first book for work from home moms.