Go Ahead and Start That Home Business. starting a home business requires good strategy, consistent effort, and patience. Key Steps for beginning: research the market you hope to reach. Analyze what you have to offer. Find a niche that you can fill to provide your service, and be flexable enough to change your focus if the original idea doesn't work. Rely on skills you already have attained. Millions of dollars have been made by transforming a skill. For example, Colonel Sanders fried some 'mi.