5 Tips For Starting A Home Based Service Business
As I watched the Today show the other day I couldn’t help but think about all the women who want to start their own service based business but don’t know how.
There was a particular segment of the show talking about finding your happiness. Then they shared the stories of people who changed their lives and found happiness.
Watch the video to see what I mean.
Did you notice the woman who started her own business in the video? What did she say it took to start her business? Planning.
The truth is you can do what these people did, find your happiness.
Look around and you will see the trend is moving more toward home based, service based businesses.
One of the reasons [envoke_twitter_link]working from home is so popular is because of the low overhead.[/envoke_twitter_link] (Tweet this) It’s easier for the entrepreneur to get up and running when they don’t have the stress of a rent, electric etc.
If you are thinking about starting a service based business here are a few tips to get you on the right path.
First we need to define what a service based business means.
Simply put, a service based business provides services that help other people. This can be anything from cleaning houses to managing business accounts. The foundation of a successful service based business is one that supplies a solution to someone else’s problem.
This is where you need to start researching to discover the top service needs and then figure out which one will work best for you.
Benefits of a home based service business
From personal experience I can tell you having a business I run from home has been amazing. I don’t have to stress about paying rent, electric and other added costs for having a brick and mortar location. My schedule works around me not the other way around. Most importantly when my father was in the hospital I was able to take my business with me while still being with him. I wasn’t chained to an office.
Another benefit of a home based service business is that it requires low startup costs because you don’t have to run out and buy furniture and other items to set up your business.
The key to keeping a low overhead is to take on only the amount of clients/customer you can personally handle. As time goes on you can always bring someone else on board. In the beginning many service based businesses do not need to hire employees.
Getting started tips
1) [envoke_twitter_link]Check local laws for running your home based business[/envoke_twitter_link]. (Tweet This) You may be required to have a business license. There may be other zoning laws, registrations etc that you need to know about before starting.
2) [envoke_twitter_link]Understand the tax law[/envoke_twitter_link]. Tweet This) Now that you have a legal business there might be taxes such as sales tax to pay/charge your customers. Checkout the irs.gov website and seek other legal advice.
3) This is a really important step and one I did right away when I started my first business. Get a separate work space. I used a spare bedroom and turned it into my office. I even got a clock for my office door that showed the hours I was in. This designated workspace is one where you will do all your business. If you have children you can tell them when the door is closed you are working and in do not disturb mode.
4) [envoke_twitter_link]Use online and offline marketing strategies to find clients.[/envoke_twitter_link] (Tweet this) You might be able to go to local events and get a booth to showcase your services. You can do direct mail, article marketing etc.
5) Create a schedule. That’s one of the first thing I tell my coaching clients to do. I give them a time management template to fill out which helps them stay on track.
Do you have what it takes to be an entrepreneur? Make sure you watch my video on the right side of this post.
If you feel stuck and overwhelmed about starting or growing your home based service business why not sign up for a free strategy session. It could be the best decision you make to kickstart your business into high gear.
Be Savvy and Successful!
Toni Nelson – Marketing Innovator, The Kickstart Your Business Coach