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1. What You Need To Know About Running A Home
Business

2. Running a business from home, appeals to a lot of
people. For some it's a good alternative, in times of high
unemployment. Others enjoy the freedom and
independence, while even more, just like being at home
with kids. If you are involved in home business and want
to make the most of it, or thinking about
entrepreneurship from your residence, read on for some
great advice in this line of work.

3. If your home-based business requires you to travel to
meet with clients, inspect properties, or make
purchases, be sure to document all the costs of your
travel. Traveling expenses are 100% deductible, and your
food while traveling is 50% deductible. Even
recommendations can be considered a business
expense, so make sure to get a receipt for everything,
and make sure that receipt notates the final amount you
actually paid.

4. If you want to run a business out of your home, be sure
to analyze your attitude about working from home. If
you can't focus on your work because you're at home, or
you think working from home means you can slack off
whenever you like, a home business may not be right for
you. A home business requires dedication and hard
work, just like any job.

5. To make sure your customers are happy, go that extra
mile for them. Maybe send a thank you note for their
order or even send them a free gift as a sample, just
make sure they know how valued their business is.
Customers love getting free things and enjoy being
shown appreciation. Prove that your customers are
important to you.

6. You should never try to work for a company that has
ethics and values that do not mirror your own. It is hard
to convince someone to invest in a business idea or
product that you are selling if they can tell that you are
not a fan of it yourself.

7. Keep an accurate accounting of all financial records of
your business. If the IRS wants to audit your business,
things will be a lot easier if you have detailed records
available. Having accurate records to refer to also aids in
tracking the progress of your business on a monthly
basis.

8. Make sure you follow all zoning laws and other
applicable laws related to your business. You may face
shutdowns or fines if you don't. You want good neighbor
relations through keeping a low profile. In part, that
means discreet signage and minimum noise and traffic.
Become invisible.

9. Evaluate the work space in your home. Since you are just
starting out, it's important to keep your overhead low
and using your own home is a great idea. You must set
aside a work area or space to conduct your business but
should make sure you have the room.

10. Write a detailed business plan for your home business.
You have the ability to change this or scrap it at any
time. A business plan can act as a strategic guide and list
of key goals for your company. Frequently update the
details of your plan as your business evolves.

11. Operating a business from your home is a distinct way to
earn money and the lessons of the corporate world
don't always translate the same. With the advice in this
article, you should be informed and prepared to make
the most of your at-home money making venture and
find profit and pleasure from your own living room.

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