A growing number of Americans are starting home based businesses. According to the Business Administration, 52 percent of businesses are home-based, and that amount has steadily improved in recent years.
Steve Sarcola, a Texas-based businessman, is a part of that information, while he jumped to the home-business bandwagon back in 1999.
Sarcola goes after VLT, a consulting company that gives help during night and weekend hours to new startups.
Sarcola says he saw a lot of potential in running a home based business. He thought his idea to get a consulting firm could take off from his house, from saving money on a workplace to removing drive time. He was right. With two employees and a few dozen customers, the former telecommunications worker stays busy with his network marketing business Kyani.
“With fewer bills I may worry less about preserving the business profitable during leaner months and will keep my prices low,” he says.
Although his success comes from twenty years of expertise, Sarcola says there are many tips he’d prefer to give to others who may want to follow in his home-based company actions.
1. Use free or discount based companies to save on monthly expenses
Of course, having a home office means you don’t must spend big bucks for office space, but Evans suggests that isn’t the only place where a home based business owner can save some cash.
“I could probably write volumes regarding the free and low-cost sources an entrepreneur can use,” Evans jokes.
He uses FreshBooks, a cloud-based application, for his accounting requirements and employs Trend Sales to make professional invoices.
2. Outsource jobs to release your time
Most home businesses start out as being an one man operation , but you don’t have to be a jack-of-all-trades. On these sites, you submit your project and companies bid on it. You select the company that’s the skills you’re seeking and fits inside your budget.
One of many disadvantages to managing a home-based business is bound social interaction, Sarcola recommends joining professional groups in your community.
“Even the tiniest towns have networking organizations, and joining them is just a method to get free from the home, from the computer, as well as in position to savor the organization of like minded people he says. “Plus, going to these functions makes it possible to spread the word about business.”
Marketing is somewhat challenging for home-based firms, so it’s important to cough up a few bucks to present your service or product to clients, Sarcola says.
As every dollar matters, advertising is one area where you need to spend money to create money,” he says. Particularly when compared to the return you see from free ads on Craigslist.” “A quality strategy might have large dividends.
Your home-based business will require a substantial time expense Sarcola, says, however the final result can be quite a successful business.