Part-Time/In-Home Business - Low Expense and Low Risk

As a first time entrepreneur, there are a variety of franchises, dealerships, distributorships, and licensing opportunities available for purchase. Many of these you can start by working part-time from your home. In doing so, you save thousands of dollars in start up and operating costs, while at the same time reducing your overall risk.

You (and/or your spouse) don't necessarily have to give up your current career(s) or full time job(s) to start a lucrative business. There are many opportunities which exist by working part-time from your home. Most of these businesses can be started with minimal investment. Additionally, you are virtually eliminating many of the initial and ongoing high costs associated with opening and operating a business. You would be eliminating the rent or lease expense of having office or store space. Most, or all, of any payroll expenses would be removed, as well as, the majority of costs associated with purchasing equipment, supplies, and furniture.

You would simply need to designate a small room or location in your home to set up a desk, phone line, and possibly a fax and/or computer. You might also need, depending on the business, a small amount of storage area, either in your basement or garage, to store product, tools, or supplies. You are already saving thousands of dollars and reducing your risk. (There are also some tax benefits to running a business from your home.)

Operating a business from your home provides you with the opportunity to work the business in your extra or spare time, and expand the business only as it grows. By minimizing your start up cost and monthly expenses there exists less pressure for immediate success. Cutting costs and saving money in the beginning provides you with more capital for expansion as well.

Owning and operating a small part-time, in-home, business provides you with insight as to whether or not you have the self-discipline, attitude, determination, and confidence to run your own business. You have don't have to "risk it all" to find out if you have what it takes.

Once your business becomes profitable, then you can decide whether the time is right to expand and convert your part-time business to a full-time business, and give up your career(s) or full-time job(s). Part-time, in-home businesses provide great opportunities for first time entrepreneurs.

(Copyright 2005-ehbvi-www.businessventureinc.com)

Ernie Horning is a Franchise Consultant and owns multiple businesses. He is also a former franchise owner, and writes articles for http://www.businessventureinc.com

---

What Kind of Business Should I Start?

It's not uncommon to reach your 30s, 40s or even... Read More

Rambling Confessions of a Recovering Entrepreneur

I told my family that I finally accepted that my... Read More

What Part of Handwriting on the Wall Dont You Understand - They Dont Hire People Over 50

In a recent talk to the Detroit Economic Club, President... Read More

Oil Change Guys History; Part II

Franchise companies are not born they are made and when... Read More

What It Takes To be An Entrepreneur Series: Action

Many people have the professed desire to be their own... Read More

Entrepreneurship as Your Passion

Entrepreneurship has been my passion for as long as I... Read More

Opportunity Does Not Knock

Q: I'm graduating this year with a degree in business... Read More

Use Your Youth To Your Advantage

You should wait until you're older and have more business... Read More

Work vs Play: Which is the Better Way to Make Big Money?

If you want to make big money, you have to... Read More

Abstract Business Marketing Strategy for the Entrepreneur

If you look at those Corporations in franchising today you... Read More

Pre-Money vs. Post-Money Valuation

When a company decides that it must raise capital, a... Read More

Something From Nothing, With Something To Share

Betrayal, it can hit you like a load of bricks... Read More

The Business and Life You Want to Build

In the early days of my first consulting business, I... Read More

If It Was Easy Everybody Would Do It

Q: I started my business about a year ago and... Read More

Two Types of Business Plan Executive Summaries

Companies seeking capital often ask how long the Executive Summary... Read More

Entrepreneurial Ongoing Education Advice

I would like to give some advice to all the... Read More

Which Niche To Conquer?

I'm sure that you've heard about how many start up... Read More

5 Habits Of Successful Entrepreneurs

Habits get a bum rap. When you think about your... Read More

Does It Really Take Money To Make Money (Online or Offline)? A Reality-Check of 2 Case Studies

The short and simple answer to this question is NO!Now,... Read More

Needs Versus Wants For Entrepreneurs

How often do the words "I need" come out of... Read More

Secrets of My Favorite Government Auction

I love bargains. And there's no better place to find... Read More

Strategies for Overcoming Obstacles to Discovering Your Gifts

What are the unique gifts that differentiate you from other... Read More

Find Out If You WILL Be Successful As a Franchisee?

Will I be successful as a franchisee?One of the soundest... Read More

Fear of Failure

Of all the real or perceived impediments to success, the... Read More

How Good Is Your Big Idea

Q: I want to start my own business. I have... Read More

Prescription for the Future and Technological Revolutions

The world sure has changed in the last two-decades hasn't... Read More

The Visionary Entrepreneur

Any success you have in life must begin with a... Read More

Six Steps to Guarantee Your Business Success

Many of us slave away for years for one uninspiring... Read More

10 Ways Entrepreneurs Shoot Themselves In The Foot

Entrepreneurs and their businesses have a tendency to ambush themselves... Read More

What Makes a Person an Entrepreneur?

Entrepreneurship is generally characterized by some type of innovation, a... Read More

The 7 Major Reasons Businesses Fail and How to Overcome Them

This year, over 800,000 of the approximately 2,000,000 start up... Read More

Franchises - A Proven Business System

Franchises offer the first time business owner a proven and... Read More

The Magic of Thinking Small

Hey!Many of you might disagree and I'm prepared for that.Many... Read More