Stop Commuting, Start A Home Business Today

To run a successful home business, it is very important to have an income reserve in case of emergency or to help you through lean times. From unexpected equipment costs, to sagging business periods, a financial reserve can mean the difference between helping your business survive hard times and having to shut down due to financial downfall.

If you run a business out of your home, don’t miss out on tax deductions for office equipment. If you buy a piece of equipment, such as a computer or desk, that is only or primarily used for business functions, you can claim 100% of the cost of that item as a tax deductible the year it was purchased.

Do not fall prey to all of the ads that promise you that you can make millions from doing a business within a few weeks. They are not realistic and you would be setting yourself up for disappointment. Understand that you must work hard and stick with it in order to make anything and that the harder you work the more you will make.

Install a separate phone line for your business calls. This way you can be sure your business calls are handled in a professional manner. Make sure others in your home don’t answer your business phone unless it is done in a professional manner. You should also set up a voice mail on your business line.

Set up a separate email account for your home business, and stay on top of any email received. You should respond to potential customers right away, and be professional and polite. Email should be checked frequently. If you ignore inquiries about your products or services, customers will seek to purchase from your more attentive competitors.

One good way to jump start your home based business is to send emails to your friends notifying them of your business. This will not only give you your first set of customers, but they can also act as advertisers as they tell more and more people of your business.

Do more than your customers expect. One of the things customers love most about home business operators is the incredibly personal touch they feel when they interact with you or receive your products. Give your customers a surprise sample or coupon with their order. This does not have to cost you a lot — but it will build a large amount of goodwill with your customers.

As you can see, the success of a home business depends on the ability to keep functioning at optimal levels in spite of setbacks. Being financially responsible by keeping enough money in reserve can go a long way in preserving your business and protecting your future.