Anybody can start a small, small business by just rooting through their garage to find some collectibles, and then posting those items on an auction site. This is a good way to make a little extra money, and do it sort of “under the radar”, where you’re not really running a business so much as just supplementing your income on the side. But, if you want to build a real business, if you want to make a living on it, if you want to be financially independent, you need to build a legitimate home based business.
To be sure, there’s a world of difference between a small, small, small business selling collectibles on auction sites or designing t-shirts for a print shop… And making enough money to make a living on with your own company. If you’re entirely seriously about this, if you really want to stop living check to check and set up some equity for yourself, then there are three things you need to learn…
Liability and Legality
If you’re selling a few collectibles on an auction site, again, you can fly under the radar. You may as well be washing neighbors cars and mowing a few lawns at this point. But if you want to build a real business, you need to do your research, you need to figure out exactly what sort of licenses and permits you’re going to need. This will be determined by various factors: What you’re doing, what services you offer, what you’re selling, how much money you’re making, how much inventory you’re moving, where you’re storing it and so on.
You need to know what sort of tax forms you need to fill out, whether or not you can even cover it with what you’ll be making. Some businesses just aren’t really worth it when you do it at a certain level. More than a few companies have had to go out of business because their tax and upkeep costs wound up being more than their incomes.
Expanding Your Business
Whenever you take the next step, take it carefully. Every single move towards expansion will need to be coupled with a whole new gauntlet of reeducation, research and paperwork. Nobody said it was easy. But, it CAN be easy once you get the education you need in order to do everything on the up and up. In the internet age, the big investment you make in your small business isn’t money, but time.
And One More Note…
You may want to consider seeking some real guidance to set your business up. You need an education. You don’t need to go to business school for four years, you don’t need to go take an internship at Forbes Magazine. But, you should consider online courses or seminars on how to make money. Just make sure you’re looking at the real deal, and not scams. The basic rule of thumb here: If someone says you can get rich quick, they’re lying. If someone says you can become financially self sufficient through hard work and smart investing… That’s the guru to talk to.
Learn the advantages and benefits of starting your own home based business today! When you begin your legitimate home based business you will start generating an income quickly!
As a top leader in Internet Marketing and a kind compassionate person, Robert provides advice, training, and support to individuals looking to build a Home Based Business. He provides his clients with a proven Home Based Business model. He is an expert in Social Networking Web 2.0 Marketing on Twitter, Facebook, Linkedin, and Youtube. He is currently looking for serious entrepreneurs who want to start their own Home Based Business and want to be personally mentored to achieve success. He helps his clients with their Home Based Business and provides them with all the tools and training to be successful online. He can personally mentor those who want to join the top 3% of people who earn a massive income from an online Home Based Business