How To Run Your Home Business: "Thinking About Starting a Home Business?
How Involved Do I Want to Be?
You will need to determine the level of involvement that you want in your home business - do you want to do it as a hobby to make some extra money?
Do you want to devote a specific amount of time (part-time) while you continue to work at a full-time job? Or do you want to quit your job and work from home?
The latter, while it sounds so great, to be realistic, is something that might be a long range target, unless you have a way to support yourself and your business for what may be years, until you reach the level of success that would sustain you.
It's a good idea to look at any undertaking in stages
-for example, short term goal, would be to have the home business up and running in 3-months; the mid-range goal would be to break even within 12 months, and in profit at 18-months; the long-range goal is to quit the day job at 36 months and work from home!
Of course, since 'nothing is constant except change', go back at half-way points and review the feasibility of your targets, and push your time line forward or backward depending on your level of success at that point."