Small business ownership is a rapidly growing trend in the US, with
an increasing number of people interested in starting up. Besides
the thought of being one's own boss, owning a small business allows
the owner to spend more time with family. Easy to set up, flexible
hours, convenient and hassle-free, a small business is perfect for
anyone who wants to work from home.
Starting and maintaining a business requires motivation and desire,
and entails plenty of research and planning. The success of any business
depends upon the time taken to explore, evaluate and set realistic,
achievable goals. The first, and most important, aspect of starting
a small business is the building of a comprehensive business and financial
plan that will help to achieve the objectives.
Starting a small business is not as difficult as one might think,
all it takes is proper planning. While every small business has different
needs, every business office should have the following to start a
business:
A well-lit, clean area for running business. If you are setting
up a small business at home, the area where you are establishing
your office should be free of any noise and distractions, and
preferably have a separate room.
A place to sit and work comfortably, with a sturdy desk and
chair.
A personal computer with a dedicated phone/fax line, a filing
cabinet and an electronic organizer or database.
Plenty of space to store inventory (especially if you are interested
whole selling).
A separate conference space to meet and greet clients.
The prices of computers, fax machines and other office equipment has
fallen dramatically over the last decade, making it easy to own the
necessary equipment. Though phone services vary, many telecommunication
companies offer all-inclusive packages with unlimited local, regional
and long-distance calls with low rates, some include or offer high-speed
internet connections. Below is a sample budget for what you will need
to start a small business:
A Computer
For under $1000 you can get an IBM-compatible computer with a Pentium
processor, CD drive and ethernet connection. A laptop is more expensive
but can be better than a personal computer with the ease of portability
for the business owner on the go.
Multifunction Machine
For under $500 a multifunction machine that acts as a fax, copier,
scanner and printer can be purchased.
A Good Quality Phone Set
For under $200 you can get a good quality phone set, which includes
features like audio conferencing and a built-in answering machine.
Office Furniture
All you really need is a desk with plenty of storage space, a filing
cabinet and a comfortable chair, which should cost no more than $300.
Starting a small business can be a great experience for anyone
looking to get out of the 'rat race'. A great opportunity, a small
business is perfect for the stay-at-home parent who wants to spend
more quality time with family, while still earning an income.
