{"id":12242,"date":"2016-12-27T15:10:30","date_gmt":"2016-12-27T20:10:30","guid":{"rendered":"https:\/\/www.hostgator.com\/blog\/?p=12242"},"modified":"2017-01-24T12:52:29","modified_gmt":"2017-01-24T17:52:29","slug":"start-new-home-based-business","status":"publish","type":"post","link":"https:\/\/www.hostgator.com\/blog\/start-new-home-based-business\/","title":{"rendered":"Want to Start a New Home-Based Business? Do These 11 Things"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-15694\" src=\"https:\/\/www.hostgator.com\/blog\/wp-content\/uploads\/2016\/12\/Launch-New-Business-ebook.png\" alt=\"Start new home-based business ebook\" width=\"863\" height=\"451\" srcset=\"https:\/\/www.hostgator.com\/blog\/wp-content\/uploads\/2016\/12\/Launch-New-Business-ebook.png 2500w, https:\/\/www.hostgator.com\/blog\/wp-content\/uploads\/2016\/12\/Launch-New-Business-ebook-300x157.png 300w, https:\/\/www.hostgator.com\/blog\/wp-content\/uploads\/2016\/12\/Launch-New-Business-ebook-768x402.png 768w, https:\/\/www.hostgator.com\/blog\/wp-content\/uploads\/2016\/12\/Launch-New-Business-ebook-1024x536.png 1024w\" sizes=\"(max-width: 863px) 100vw, 863px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">A home-based business sounds ideal to a lot of people, especially those who\u2019d like to stop commuting, generate side income, spend more time with their families, or have more control over how they work. It\u2019s possible to start a viable and eventually thriving business from your home (<\/span><a href=\"https:\/\/www.sba.gov\/starting-business\/how-start-business\/business-types\/home-based-businesses\" target=\"_blank\"><span style=\"font-weight: 400;\">Steve Jobs and Mary Kay Ash<\/span><\/a><span style=\"font-weight: 400;\"> did), but it\u2019s also possible to start a business that never gets off the ground. Some part of success is always luck, but the big difference between successful and failed home-based businesses is how serious you are about getting it right.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you\u2019ve ever built a successful business from home (I\u2019m in year four of running a profitable freelance writing business) you know preparation is a must. Ideally, you\u2019ll read how-to books, pore over blogs, ask questions and get answers in professional forums, join mastermind groups, and seek the advice of mentors. As you do, here are some recommendations you\u2019ll probably see over and over. You can use this list as a guide to avoiding pitfalls, a checklist to see how prepared you are, and a resource for digging deeper into the areas you need to know more about.<\/span><\/p>\n<ul>\n<li>\n<h4><span style=\"color: #cc6631;\"><a style=\"color: #cc6631;\" href=\"https:\/\/www.hostgator.com\/blog\/wp-content\/uploads\/2016\/12\/HostGator-Ebook-Guide-To-Launching-Your-Home-Business.pdf\"><strong>Get the FREE eBook: Launch Your New Home Business!<\/strong><\/a><\/span><\/h4>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2>1. Interview yourself.<\/h2>\n<p><span style=\"font-weight: 400;\">Not only will you be your own boss, you\u2019ll be your own employee, so <\/span><a href=\"https:\/\/www.sba.gov\/starting-business\/how-start-business\/entrepreneurship-you\" target=\"_blank\"><span style=\"font-weight: 400;\">hire with care<\/span><\/a><span style=\"font-weight: 400;\">. <\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Do you see things through? <\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Do you plan carefully before investing time and effort in a new project? <\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Do you enjoy learning new things and connecting with people? <\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The answers to these questions should be yes. If not, can you improve your skills or find a business partner whose strengths balance your weak areas?<\/span><\/p>\n<p>[bctt tweet=&#8221;Want to start a home-based business? Start by interviewing yourself, employee #1.&#8221; username=&#8221;hostgator&#8221;]<\/p>\n<ul>\n<li><em><strong>Read more on this step:\u00a0<\/strong><\/em><strong><a href=\"https:\/\/www.hostgator.com\/blog\/be-your-own-boss-interview-yourself\/\">Want to Be Your Own Boss? Answer These Questions First<\/a><\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2>2. Study the logistics of self-employment.<\/h2>\n<p><span style=\"font-weight: 400;\">If you have the temperament to go ahead, next you\u2019ll need to think about the <\/span><a href=\"https:\/\/extension.umaine.edu\/publications\/4190e\/\" target=\"_blank\"><span style=\"font-weight: 400;\">practicalities of working from home<\/span><\/a><span style=\"font-weight: 400;\">, such as:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Do you have space to work and to store any inventory, equipment, and raw materials? <\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">If you have children or other household members who need care, can you get help so you can spend some time each day purely focused on work?<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Do you have the money to get started? Even a home-based business with no physical inventory will require a few hundred dollars\u2019 worth of startup expenses-local business licenses and permits, professional liability insurance, a web site, and business cards at the very least. <\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">If the answer to any of these questions is no, you can save yourself time, money, and frustration by sorting out those issues <\/span><i><span style=\"font-weight: 400;\">before<\/span><\/i><span style=\"font-weight: 400;\"> you start your business.<\/span><\/p>\n<ul>\n<li><strong><em>Read more on this step:\u00a0<\/em><a href=\"https:\/\/www.hostgator.com\/blog\/home-business-workspace\/\">Setting Up House For Your Home-Based Business Workspace<\/a><\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2>3. Make a simple and clear business plan.<\/h2>\n<p><span style=\"font-weight: 400;\">What do you plan to sell? Who will buy it? How will you reach them? How often will they buy from you, and how much will they spend? What can you expect in terms of gross revenue and net profit? You can find free business plan templates all over the internet, like <\/span><a href=\"http:\/\/100startup.com\/resources\/business-plan.pdf\" target=\"_blank\"><span style=\"font-weight: 400;\">this one<\/span><\/a><span style=\"font-weight: 400;\"> from The $100 Startup, and <\/span><a href=\"https:\/\/www.sba.gov\/starting-business\/how-start-business\/20-questions-starting\" target=\"_blank\"><span style=\"font-weight: 400;\">checklists like this one<\/span><\/a><span style=\"font-weight: 400;\"> from the Small Business Administration.<\/span><\/p>\n<p>[bctt tweet=&#8221;The key to any successful #HomeBusiness? Start with a clear and actionable plan.&#8221; username=&#8221;hostgator&#8221;]<\/p>\n<ul>\n<li><strong><em>Read more on this step:\u00a0<\/em><a href=\"https:\/\/www.hostgator.com\/blog\/make-simple-business-plan\/\">Make A Simple and Clear Business Plan<\/a><\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2>4. Put your legal and financial ducks in a row.<\/h2>\n<p><span style=\"font-weight: 400;\">Decide on your <\/span><a href=\"https:\/\/www.sba.gov\/starting-business\/choose-your-business-structure\" target=\"_blank\"><span style=\"font-weight: 400;\">business type<\/span><\/a><span style=\"font-weight: 400;\"> (most likely a sole proprietorship, but there are other options).<\/span> <span style=\"font-weight: 400;\">Get your city or county business permit and an <\/span><a href=\"https:\/\/www.irs.gov\/businesses\/small-businesses-self-employed\/apply-for-an-employer-identification-number-ein-online\" target=\"_blank\"><span style=\"font-weight: 400;\">Employer Identification Number<\/span><\/a><span style=\"font-weight: 400;\">\u00a0(EIN) from the IRS. You\u2019ll need them to open a business checking account, which you\u2019ll fund with the money you\u2019ve allocated to start your business. (You\u2019ll need the account so you don\u2019t create a tax-time nightmare of commingled personal and business funds.) If you need a state sales tax permit, you\u2019ll need your EIN to apply for that as well. This is the time to look into professional liability insurance to protect you from possible lawsuits. If you\u2019re a service provider, learn what kind of client contract is standard in your industry and customize a version for your business.<\/span><\/p>\n<ul>\n<li><strong><em>Read more on this step:<\/em>\u00a0<a href=\"https:\/\/www.hostgator.com\/blog\/home-business-budget-template\/\">Organize Your Finances With\u00a0A Home Business Budget Template<\/a><\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2>5. Set up your website.<\/h2>\n<p><span style=\"font-weight: 400;\">Even if for now it\u2019s just a landing page where visitors can join your email list. Look for a web hosting service that offers <\/span><a href=\"https:\/\/www.hostgator.com\/blog\/2016\/06\/28\/reasons-why-wordpress-website\/\"><span style=\"font-weight: 400;\">mobile-optimized<\/span><\/a><span style=\"font-weight: 400;\"> site templates and fast page-load times, because most people search and browse on their phones now. If you plan to sell from your website, your hosting service should integrate easily with a high-quality <\/span><a href=\"https:\/\/www.hostgator.com\/apps\/magento-hosting\"><span style=\"font-weight: 400;\">e-commerce platform<\/span><\/a><span style=\"font-weight: 400;\"> so your customers can pay you securely online.<\/span><\/p>\n<ul>\n<li><strong><em>Read more on this step:<\/em>\u00a0<a href=\"https:\/\/www.hostgator.com\/blog\/creating-first-business-website\/\">5 Steps To Follow When Creating Your First Business Website<\/a><\/strong><\/li>\n<\/ul>\n<p><em>Many work-from-homers got their start with a website from HostGator. <a href=\"https:\/\/www.hostgator.com\/web-hosting\"><strong>Check out our web hosting plans here.<\/strong><\/a><\/em><\/p>\n<p>&nbsp;<\/p>\n<h2>6. Set up a professional email address.<\/h2>\n<p><span style=\"font-weight: 400;\">To your friends, you may be foxytiger@??.com, but your prospects want to see a reassuringly professional address based on your company\u2019s domain name. Not all web hosts offer email hosting. Streamline things for yourselves by choosing a web host (like <a href=\"https:\/\/www.hostgator.com\">HostGator<\/a>) that offers free emails with your website.<\/span><\/p>\n<ul>\n<li><strong><em>Read more on this step:<\/em>\u00a0<a href=\"https:\/\/www.hostgator.com\/blog\/marketing-tools-new-business\/\">The Tools You Need To Market Your New Business<\/a><\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2>7. Listen to your prospective customers.<\/h2>\n<p><span style=\"font-weight: 400;\">This step is actually <\/span><b>steps zero through infinity<\/b><span style=\"font-weight: 400;\">, because the most successful home-based businesses go out of their way to meet the needs of their customers, and it\u2019s especially <\/span><a href=\"https:\/\/www.fastcompany.com\/3028810\/bottom-line\/how-to-listen-really-listen-to-your-customers\" target=\"_blank\"><span style=\"font-weight: 400;\">important to listen well<\/span><\/a><span style=\"font-weight: 400;\"> as you plan your first product or service. Ask questions and get input on your ideas. You can do this in online forums, over social media, and on your blog, if you add one to your website.<\/span><\/p>\n<p>[bctt tweet=&#8221;Want your #HomeBusiness to succeed? Never stop listening to your customers.&#8221; username=&#8221;hostgator&#8221;]<\/p>\n<ul>\n<li><strong><em>Read more on this step:<\/em>\u00a0<a href=\"https:\/\/www.hostgator.com\/blog\/customer-feedback-new-business\/\">Why Customer Feedback Is Crucial For Any New Business<\/a><\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2>8. Develop your MVP.<\/h2>\n<p><span style=\"font-weight: 400;\">Yes, you are your business\u2019 most valuable player, but this is the <\/span><a href=\"http:\/\/www.themacro.com\/articles\/2016\/01\/minimum-viable-product-process\/\" target=\"_blank\"><span style=\"font-weight: 400;\">minimum viable product<\/span><\/a><span style=\"font-weight: 400;\"> step. What can you offer your audience that will provide value for them <\/span><i><span style=\"font-weight: 400;\">and<\/span><\/i><span style=\"font-weight: 400;\"> require a not-ridiculous amount of risk (in terms of effort and expense) from you? The MVP won\u2019t be your only product. It&#8217;s just a first step that allows you to test demand and customer response, see that your checkout process works, and get feedback from buyers about what they\u2019d like to see in your next version or product.<\/span><\/p>\n<ul>\n<li><strong><em>Read more on this step:<\/em>\u00a0<a href=\"https:\/\/www.hostgator.com\/blog\/build-minimum-viable-product\/\">How To Build A Minimum Viable Product<\/a><\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2>9. Ramp up your marketing.<\/h2>\n<p><span style=\"font-weight: 400;\">Once you have a product to offer and a customer base, you can market to prospects like the customers you already have. The exact <\/span><a href=\"https:\/\/www.hostgator.com\/blog\/2016\/05\/12\/bootstrap-marketing-ideas-small-business\/\"><span style=\"font-weight: 400;\">marketing strategies<\/span><\/a><span style=\"font-weight: 400;\"> to use depend on your audience. Do they hang out on Facebook or are they readers of your local free weekly paper? Find out how your current customers heard about you and go from there.<\/span><\/p>\n<ul>\n<li><strong><em>Read more on this step:<\/em> <a href=\"https:\/\/www.hostgator.com\/blog\/start-marketing-your-business\/\">4 Cheap, Easy Ways to Start Marketing Your Business<\/a><\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2>10. Develop new products or services.<\/h2>\n<p><span style=\"font-weight: 400;\">Expand or iterate on your product line based on customer feedback. Market them to your current and prospective customers, and listen to their feedback on each new offering.<\/span><\/p>\n<ul>\n<li><strong><em>Read more on this step:<\/em>\u00a0<a href=\"https:\/\/www.hostgator.com\/blog\/how-to-expand-your-product-line\/\">How To Expand Your Product Line, The Right Way<\/a><\/strong><\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h2>11. Review regularly.<\/h2>\n<p><span style=\"font-weight: 400;\">After your MVP launch and again after each new product or service introduction (or a couple of times a year if you sell one particular service), ask yourself a few questions about your business in general. <\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Are you making progress? <\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Is your business profitable or on a clear path to profitability? <\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Can you handle the workload? <\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Do you need to <\/span><a href=\"https:\/\/www.hostgator.com\/blog\/2016\/08\/22\/upgrade-dedicated-server\/\"><span style=\"font-weight: 400;\">upgrade<\/span><\/a><span style=\"font-weight: 400;\"> your web hosting plan or redesign your site? <\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">Do you have an excellent business relationship with your customers?<\/span><\/li>\n<\/ul>\n<ul>\n<li><strong><em>Read more on this step:<\/em>\u00a0<a href=\"https:\/\/www.hostgator.com\/blog\/review-your-business-performance\/\">Smart Review Habits Can Help Your Business Thrive<\/a><\/strong><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">You may need to go back to an earlier step and make some adjustments. You might need to hire an employee. You might even need to pat yourself on the back for a job (of your own making) well done.<\/span><\/p>\n<h4 style=\"text-align: center;\"><span style=\"color: #cc6631;\"><a style=\"color: #cc6631;\" href=\"https:\/\/www.hostgator.com\/blog\/wp-content\/uploads\/2016\/12\/HostGator-Ebook-Guide-To-Launching-Your-Home-Business.pdf\"><strong>Ready to get started? Download our\u00a0FREE eBook: Launch Your New Home Business!<\/strong><\/a><\/span><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>A home-based business sounds ideal to a lot of people, especially those who\u2019d like to stop commuting, generate side income,&#8230;<\/p>\n","protected":false},"author":162,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[98],"tags":[],"class_list":["post-12242","post","type-post","status-publish","format-standard","hentry","category-startup-small-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.2 (Yoast SEO v23.2) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Want to Start a New Home-Based Business? Do These 11 Things<\/title>\n<meta name=\"description\" content=\"The big difference between successful and failed home-based businesses is how serious you are about getting it right. Here&#039;s a checklist to guide you.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.hostgator.com\/blog\/start-new-home-based-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Want to Start a New Home-Based Business? Do These 11 Things\" \/>\n<meta property=\"og:description\" content=\"The big difference between successful and failed home-based businesses is how serious you are about getting it right. Here&#039;s a checklist to guide you.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.hostgator.com\/blog\/start-new-home-based-business\/\" \/>\n<meta property=\"og:site_name\" content=\"HostGator\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/HostGator\" \/>\n<meta property=\"article:published_time\" content=\"2016-12-27T20:10:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-01-24T17:52:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.hostgator.com\/blog\/wp-content\/uploads\/2016\/12\/Launch-New-Business-ebook.png\" \/>\n<meta name=\"author\" content=\"Casey Kelly-Barton\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@HostGator\" \/>\n<meta name=\"twitter:site\" content=\"@HostGator\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Casey Kelly-Barton\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.hostgator.com\/blog\/start-new-home-based-business\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.hostgator.com\/blog\/start-new-home-based-business\/\"},\"author\":{\"name\":\"Casey Kelly-Barton\",\"@id\":\"https:\/\/www.hostgator.com\/blog\/#\/schema\/person\/4c68d74801037eb3f313d8a456d6506a\"},\"headline\":\"Want to Start a New Home-Based Business? 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