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Quick Start
YOUR BUSINESS
Home-Based
Business
Kit
Launch a
money-making
venture from the
comfort of your
own home
Á Choosing a business
structure
Á Raising money and
budgeting
Á Networking for success
Á Keeping customers happy
Á Understanding federal,
state and local taxes
Á Developing a business
plan
DIANA BRODMAN SUMMERS and D-M BOULAY
Attorneys at Law
The
The
Home-Based
Business
Kit
Launch a
money-making
venture from the
comfort of your
own home
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Home-Based
Business
Kit
From Hobby to Profit
Diana Brodman Summers
D-M Boulay
Attorneys at Law
S PHINX ® P UBLISHING
A N I MPRINT OF S OURCEBOOKS , I NC . ®
N APERVILLE , I LLINOIS
www.SphinxLegal.com
The
338914378.016.png
Copyright © 2005 by Diana Brodman Summers and D-M Boulay
Cover and internal design © 2005 by Sourcebooks, Inc.
All rights reserved. No part of this book may be reproduced in any form or by any electronic
or mechanical means including information storage and retrieval systems—except in the case
of brief quotations embodied in critical articles or reviews—without permission in writing
from its publisher, Sourcebooks, Inc. Sourcebooks and the colophon are registered trade-
marks of Sourcebooks, Inc.
All brand names and product names used in this book are trademarks, registered trademarks,
or trade names of their respective holders. Sourcebooks, Inc., is not associated with any prod-
uct or vendor in this book.
First Edition: 2005
This publication is designed to provide accurate and authoritative information in regard
to the subject matter covered. It is sold with the understanding that the publisher is not
engaged in rendering legal, accounting, or other professional service. If legal advice or
other expert assistance is required, the services of a competent professional person
should be sought.
—From a Declaration of Principles Jointly Adopted by a Committee of the American
Bar Association and a Committee of Publishers and Associations
Published by Sourcebooks, Inc.
P.O. Box 4410, Naperville, Illinois 60567-4410
(630) 961-3900
Fax: (630) 961-2168
www.sourcebooks.com
Library of Congress Cataloging-in-Publication Data
Summers, Diana Brodman.
The home-based business kit / by Diana Brodman Summers and D-M Boulay
p. cm.
ISBN-13: 978-1-57248-484-9 (pbk. : alk. paper)
ISBN-10: 1-57248-484-5 (pbk. : alk. paper)
1. Home-based businesses--Management. 2. New business
enterprises--Management. I. Title.
HD62.38.S86 2005
658.1'1412--dc22
2005021729
Printed and bound in the United States of America
BG 10 9 8 7 6 5 4 3 2 1
 
Contents
INTRODUCTION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . vii
10 STEPS TO MAKING YOUR HOME-BASED BUSINESS
A SUCCESS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ix
Section I: Evaluate Your Home for Business
CHAPTER 1: Why Start a Home-Based Business? . . . . . . . . . . . . . . 3
The Desire for Financial Independence
The Dream of Working for Yourself
The Need to be Creative
Your Personal Reasons for Starting a Home-Based Business
Don’t Quit Your Day Job
CHAPTER 2: Kinds of Home-Based Businesses . . . . . . . . . . . . . . . 11
Providing Services to Others
Professional Businesses
Craft Businesses
Child-Oriented Businesses
Foods and Edibles
eBay
Portable Businesses
Franchises
Getting Ideas for a Home Business
CHAPTER 3: Is Your Home the Right Place for a Business? . . . . . 39
Zoning and Other Local Laws
Business Address
Image
Home Office Furniture
Home Office Equipment
Phone Lines
Parking
CHAPTER 4: A Home-Based Business and Your Family . . . . . . . . 49
Family Support and Distractions
Naysayers
Friends and Neighbors
Security
 
iv
The Home-Based Business Kit
Section II: Start Getting Organized
CHAPTER 5: Prioritize Your Ideas . . . . . . . . . . . . . . . . . . . . . . . . . . 59
Your Time is Valuable
Choose a Business You Can Grow to Love
Identify Your Goals
Create a Daily Activity List
Analyze Your Activity List
Focus Your Initiative
Identify Your Business Skills
Know Your Personal Limitations
Develop Balance in Your Life
CHAPTER 6: Use Your Time, Wisely . . . . . . . . . . . . . . . . . . . . . . . . 73
Prioritize Your Tasks
Plan Your Time
Too Much Work and Not Enough Time
Control Your Interruptions
Project Scheduling Challenges
Inventory Scheduling Challenges
Section III: Develop Your Plans
CHAPTER 7: Make a Business Plan . . . . . . . . . . . . . . . . . . . . . . . . 85
Start-Up Action Plan
The Importance of a Business Plan
Developing a Business Plan
Writing a Business Plan
Presenting Your Business Plan
Putting Your Business Plan to Work
Sample Business Plan
CHAPTER 8: Make a Marketing Plan . . . . . . . . . . . . . . . . . . . . . . 103
Determine the Marketability
Learn About the Competition
Spot Trends
Think Outside the Box
Write a Marketing Plan
Home-Based Business Marketing Plan
Truth in Advertising
Implementing Your Marketing Plan
 

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