Help to Start A New BusinesS – Should You Set Up Your Own Business?

Help to Start A New BusinesS – Should You Set Up Your Own Business?

I often see people who are looking for business opportunities that can be started at home. If you are like me then you might have considered them a dozen times or more, only to throw up your hands in horror at the thought of all the paperwork to make it work (and the workload to take care of it!) Few months a go I had a change of heart and decided to give some of them a try. These tips in this blog: help to start a new business might sound simple but worth your quality time.

Studying and Learning from many failed and successful entrepreneurs, I started three different businesses from home and each one with its own challeges but they are looking good. You can be next.

tips for who want to give the home business a try.

Don’t be deterred by the idea that it is expensive to set up a business. There is a big difference between expensive and impossible. If you do your sums and decide that yes, this is something you can do, then there is nothing else you can do. If you start to work on setting up your business then make sure you have enough money in your account to carry you until you are making a profit. A lot of people get this quite wrong – they think they have enough for the start up but then a further chunk is needed for each month of operation.

It sounds like a lot of money but if you look at an office rental figure you can work out how much every week of operation will cost you.

It sounds like a lot of money but if you look at an office rental figure you can work out how much every week of operation will cost you.

Here is a simple calculation to help you to work out if it is worth setting up a home business. Think how many products you have to sell – what they will be, what you will be selling and where they will be sold – is it likely they will be successful if you start with something you do not know how to do? Think if your customers will be happy with you then being out of your depth.


The best way I know of to find out if what you are considering setting up is worth making a home business out of it is to do a trial run at it. If you have done your sums and it is a no go then you can revise your plan and try again.


Now before you go running off and making a decision I would say that if you want to give it a go then you should start off with something small – you will be learning as you go – you won’t be putting all your eggs in one basket.

Will you rather learn from the experience of succesful entrepreneur or learn the hard way from your own trial and error approach?