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Starting Up Out of the Hole

Computer? Check. Paper? Check. Pencils? Check. Motivational picture of Einstein? Check. Starting a business takes plenty of supplies and an equal amount of dough. However, what does a new home business really need for supplies? After all, it is a home business. Beyond the office itself, does a home business need that much? Home business owners must always consider the vast amount of supplies they will need, starting with the basics.

Image Hosted by ImageShack.usFirst and foremost, the home business will need some basic hardware. Inevitably every home business will need a basic computer. This tool alone will save the savvy home business owner oodles. With a computer the home business owner can manage and track orders and contracts, draw up official documents, create ads and other materials with appropriate graphics, not to mention communicate with clients via e-mail. The home business will also need basic office supplies such as paper, pencils and pens, paper clips, envelopes, and stamps. The home business owner should complete a full "needs" inventory before heading off to the office supply store. Home business owners should also create a budget for hardware and then stick to it so that he does not allow himself to be allured by the leather office chair on sale for "90 days same as cash."

Secondly, the home business owner must consider how a home office will affect his utilities. Will his electric bill changes? Heating bill? Water? Will he need an internet connection or a faster connecting speed? If no one stayed at home during the day in the past, several utility bills will ultimately be affected by a person working at home on a regular basis. Lights will stay one, water will run, and the business will need internet.

Finally, the home business owner should seek legal counsel to determine if he or she will need a specific license to run a business from their home. Do they need a small business license from the state? Will they need a tax identification number? Each of these things will take a small chunk from the initial budget along with the legal fees that ensure the business will run legally.

Beginning a home business is a big, scary step. It means leaving the security of a full-time job or beginning a brand new adventure into an unfamiliar world. However, it doesn't have to be scary. Consider these items when you consider the cost of starting a home business. You can best determine these costs by talking to others. Run a search for a forum of small business owners or visit with those in your area. Regardless of the start up costs, always start with cash. Do not charge or go into debt to begin your job. Then you can start out on top instead of in the hole.


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Post je objavljen 22.06.2007. u 10:28 sati.