ABC News:
We’ve heard from thousands of ‘Good Morning America’ viewers who say they desperately want to work from home but can’t seem to find the right opportunity in their area to fit their skills and interests.
If that sounds like you, perhaps it’s time to start your own business. It’s not as difficult - or as expensive - as it may sound!
First step, ask yourself 3 questions to help define your goals:
1) What kind of business do you want to start? Is it a product or service? Do you possess the skills to make it happen? Give a lot of thought to what type of work would excite you every day.
2) How much time can you devote? Be realistic, and think seriously about your current routine to figure out how much time you can devote to this endeavor. Perhaps you have five hours a day while your kids are in school, or maybe you only have nights when your baby is sleeping. Will you focus on finding the time to give this priority? If you’re going to devote too little time or you’re going to find excuses why you’re too busy, this won’t work.
3) What are the financial requirements and expectations? Let’s face it, business is about money! How much will it cost you to get started? If it’s a product, think about materials you’ll need to get going. And ask yourself how much money you’d want to make - realistically - for this endeavor to be worthwhile, given the time you’ll have to invest. Some people want to make $1,000 a month - others want three or four times that. Is this money to cover special extras such as vacations? Or is it to help pay the mortgage?
There’s some crossover between time and money to consider. If you’re going to have to hire a babysitter while you’re working, will the cost of that sitter negate any money you’re making?
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